Corporate Senior Controller

4 weeks ago

Arlington, United States Palette Hotels Full time
Job DescriptionJob Description

Job Description

Palette Hotels Finance team seeks a Sr. Corporate Controller. We are searching for an impactful team player who can shape talent, enhance team and operational performance, and ensure business objectives are achieved and/or exceeded. The Senior Controller is responsible for achieving the highest level of accuracy in financial reporting, driving collaborative profitable results, effectively managing controls to minimize risk, and identifying and effectively communicating areas of opportunity and growth to internal and external stakeholders. The Senior Controller will work closely with the Director of Accounting on any hotel transitions to heighten checklists and execution of any property transitions. The Senior Controller will mentor and train other Controllers, lead key projects and initiatives including process development, and drive the focus on growing efficiency and accuracy of output, processes, and structure within the Corporate Finance and Accounting Team.


Requirements

The Sr. Controller will:

  • Possess experience and knowledge in hospitality accounting practices
  • Finalize & deliver hotel financials in collaboration with 3rd party accounting services, Operations and Human Resources teams
  • Ensure valid and effective P&L reviews with the goal of maximizing financial results, timeliness and accuracy
  • Work with hotel, regional, and corporate teams to generate accurate and functional forecasts, cash flows, and budgets
  • Ensure timeliness and accuracy of DRR and research any discrepancies as they arise
  • Ensure accuracy of coding for all income statement and balance sheet items with the proper back up.
  • Review all monthly hotel tax filings for accuracy and ensure timeliness of payments.
  • Analyze and research discrepancies in financials with the goal of resolving issues and putting proactive process improvements in place to increase accuracy and efficiency in the future
  • Reviews Controller and GM forecast accuracy and trains and supports for continued heightened results
  • Develop and oversee the financial side of the hotel transition process
  • Develop and oversee treasury management for our portfolio of 30+ hotels
  • Develop and oversee processes related to payment of mortgage, payroll, insurance and taxes for all hotels
  • Educate and empower external stakeholders on best practices and procedures
  • Train Controllers on financial control processes
  • Assist the Director of Accounting in ensuring the team meets Key Performance Indicators

Qualifications

  • B.A. (or higher) in Accounting or Finance 
  • 2+ years experience in hospitality industry Accounting in a Centralized environment 
  • Experience driving process development that impacts results 
  • Solution-oriented mindset 

You will succeed in this role by:

  • Reducing team time spent and increasing accuracy on key processes such as hotel transitions and treasury management
  • Ensuring process compliance in and outside the Finance team
  • Ensuring that hotel financials are delivered on time
  • Ensuring that hotel transitions requirements are systematic and executed timely and accurately
  • Increasing controller knowledge of accounting practices
  • Increasing owner and Operations team satisfaction in their interactions with our Finance team

Who we are

Palette Hotels is a modern and fully integrated hotel management company. We cultivate the full potential of our hotels and our teams to deliver best-in-class hospitality. Our brand pillars are peak performance, cultivated potential, and team empowerment. Our hotel owners and brand partners can count on Palette to deliver on a broad scope of services to grow their hotel investments. We bridge the gap between risk and reward, providing comfort and ease while investing in the future. At Palette Hotels, you can trust our team to deliver a holistic approach in your hospitality ventures while integrating data-driven insights into our operations. We safeguard our partners' investments and optimize their returns.


At Palette Hotels, we are dedicated to creating and sustaining meaningful hospitality careers for our associates. We support our associates with highly competitive salaries, outstanding health, benefits, extensive training and development programs, promotion within the organization, and a positive team-based culture where people make the difference.

Palette Hotels, is an equal opportunity employer with policies prohibiting unlawful discrimination on the basis of any protected classification under applicable local, state and/or federal laws, which can include race, color, creed, sex, national origin, age, veteran status or physical or mental disability unrelated to job requirements.

Palette Hotels policies also provide for a drug-free workplace, where the use, possession, or influence of illegal drugs or alcohol while on company time is generally prohibited. An employee's use (or abuse) of legally prescribed medication may also implicate company policy, where it impairs judgment or work performance or otherwise creates workplace safety risks.

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