Regional Controller

Lodging Dynamics Hospitality Group is based in Provo, Utah and is a nationally recognized, award-winning operator of premium-brand, select service, and extended-stay hotels, and one of a few third-party operators approved by Marriott and Hilton. The Company has managed hotels in the Marriott, Hilton, Hyatt, and IHG premium-brand families.

The Regional Controller is regarded as a financial leader to help create a world-class organization. Reports directly to the Corporate Controller and spends strategic time with the Corporate Controller, VP of Accounting, and COO. This position acts as the lead Accounting professional for their assigned properties within the LDHG portfolio. The Regional Controller is responsible for all forecasts, budgets, financial reports, and analysis that will assist in achieving bottom-line objectives. This role supervises Accounting Clerks and/or assigned Corporate Staff Accountants, when applicable.

ESSENTIAL JOB FUNCTIONS

• Directs and manages the provision of accurate, timely, and objective financial data so that informed management decisions can be made.
• Safeguards owner assets by creating and maintaining sound internal control systems.
• Monitors portfolio compliance in meeting all required financial reporting deadlines including monthly forecasts, financial statements, and budgets; implement remediation strategies when and where needed.
• Helps establish or recommends to management, major economic objectives and policies to improve overall standard practice of all hotels.
• Acts as the main source of contact (business partner) to the Select Service General Manager and the decentralized Controller to obtain their financial goals by direct preparation of monthly and annual reports summarizing hotel revenues, expenses; and provides an in-depth analysis on past, present, and expected operations.
• Directs preparation of monthly and annual reports summarizing hotel revenues, expenses; and provides in depth analysis on past, present, and expected operations.
• Responsible for effectively managing and communicating cash flow related issues, which includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, timely deposits, and other control mechanisms.
• Assists with acquisition team from accounting discipline including setting up banking, credit cards; works with payroll company and local tax authorities.
• Ensures portfolio compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all applicable taxes.
• Communicates with owners, asset managers, lenders, investors, and other stakeholders as well as the LDHG Operations team regarding financial performance of their assets and performance of hotel Finance staff, if applicable. Actively addresses concerns and builds a long-term relationship of trust.
• Works with Operations team to build long term value of assets through financial controls and monitoring of financial performance which includes revenue creation, expense management, and labor reviews.
• Investigates and critiques variances to budget or to prior year, and offers practical improvement ideas.
• Monitors portfolio compliance in meeting all required financial reporting deadlines including monthly forecasts, financial statements, and budgets; implements remediation strategies where needed.
• Analyzes financial data and operations in order to assist and advise operations in maintaining and meeting hotel financial objectives including balance sheet reviews, employee liabilities, and other liabilities that may have a material impact to hotel stakeholders.
• Partners with respective hotel Operation teams to implement and audit all internal financial controls (including, but not limited to, purchasing, cash handling, disbursements, inventories, hotel assets, payroll, and other operating expenses), and implements corrective measures to remedy any control gaps.
• Works closely with the Vice President of Finance and Accounting and the Corporate Controller to communicate tools to enhance understanding of the company benefits and payroll procedures.
• Completes all required Company training/compliance courses as assigned.
• Adheres to Company standards and maintains compliance with all policies and procedures.
• Performs other related duties as assigned.

EDUCATION

• Bachelor's degree in Accounting or equivalent in related field.

EXPERIENCE

• A minimum five (5) years of experience in the hospitality accounting field required.
• A minimum of three (3) years of experience with Marriott and Hilton hotels
• A minimum two (2) years of supervisory experience in the accounting/finance field required.

SUPERVISORY RESPONSIBILITIES

Spends the majority of the time (50% or more) achieving organization objectives, often through the coordinate achievements of subordinate staff. A portion of the time may be spent performing individual tasks related similar to those performed by direct reports, but primary duties are supervisory or organizational-goal related. Analyzes and resolves problems, determines work techniques, monitors for regulatory compliance, maintains production, interprets and creates policies, and demonstrates solid subject matter knowledge. Establishes departmental goals and objectives, functions with independence, and makes decisions on matters of significant importance. Manages human, financial, and/or physical resources; proactively assesses risk to establish systems and procedures to protect organizational assets. Exercises judgment within defined procedures and policies to determine appropriate action. Develops systems to ensure subordinates adhere to policies and procedures in compliance with organizational goals and objectives.

Specific supervisory duties include, but are not limited to the following:

• Determines and creates policies, procedures, and manuals for direct reports.
• Establishes objectives and goals for the team; plans, organizes, and manages work flow.
• Assigns, monitors, and reviews work; evaluates direct report's performance.
• Provides assistance and support; maintains a positive and professional working environment.

LICENSES & CERTIFICATIONS

• This position does not require licenses or certifications.

SKILLS & ABILITIES

This position requires the capability to understand and follow both oral and written directions, as well as, knowledge and usage of correct business English and offices practices. Must be able to communicate effectively with others, analyze and resolve problems, maintain effective working relationships, and interact successfully with internal and external customers.

• Excellent organizational skills.
• Must enjoy working in a fast-paced, team-oriented environment.
• Technical and analytical capabilities with a deep understanding of GAAP and USALI.
• Working knowledge in conducting from start to complete finish (entire) month-end close process which includes but is not limited to the preparation of journal entries, reconciling various balance sheet accounts including intercompany reconciliation, maintaining the fixed assets module, financial analysis, and reporting.
• Proficient knowledge in the key areas of payroll, accounts receivable, accounts payable, job cost, inventory, cash flow management, forecasting, budgeting, and a solid understanding of hotel operations.
• Able to demonstrate and inspire innovation beyond the current status-quo in the industry.
• Highly trained with hotel accounting and property management systems; working knowledge with M3 Accounting Core and ProfitSword.
• Proficient in Hilton PMS systems, including various point of sale (POS) solutions Micros, Symphony, and Aloha. Other internal systems include payroll processing knowledge of Paylocity or similar, internal office applications on Google Platform (Gmail, Google Sheets, Word, and Excel).
• Ability to travel to any hotel location.
• Understands how to develop and implement business strategies.
• Proficient in time management; the ability to organize and manage multiple priorities.
• Ability to take initiative and effectively adapt to changes.
• Able to establish and maintain a cooperative working relation.
• Ability to interpret and create spreadsheets.
• Able to use sound judgment; work independently, with minimal supervision.
• Strong analytical and problem-solving skills.
• Performs well with frequent interruptions and/or distractions.
• Intermediate math skills.

TRAVEL REQUIREMENTS

• 10% travel required.