Controller

The Algonquin Hotel Times Square • New York, NY

6d

About The Position

The Controller is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels of internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels' Standard Operating Procedures; and safeguarding owners/investors assets.

Requirements

• At least 5 or more years of Hospitality Finance/Accounting experience.
• Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
• Excellent verbal and written communication skills.
• Bachelor’s degree required, preferably in Finance or Accounting.
• Must supervise 2 or more employees
• Must be proficient in Windows, company-approved spreadsheets, and word processing, and in the operation of all hotel-specific systems.

Responsibilities

• Effectively manage and communicate cash flow-related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables and payables, control mechanisms, and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotels' established guidelines. Monitors and controls the hotel's cash flow and operating forecast.
• Creates annual budgets and monthly variance analysis. Investigate and critique variances from the budget or the prior year, and offer practical improvement methodologies to management.
• Ensure hotels' compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Assist in management in enforcing compliance with all these items.
• Analyze financial data and operations to assist and advise management in maintaining the hotels' financial objectives.
• Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
• Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Highgate Hotels' standards and regulations to ensure the hotel's safe and efficient operation.
• Directs or prepares all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines, i.e: Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Timely interacts with Executive Committee members to ensure that property operations are on track and under control at all times.
• Monitor hotels' compliance with required report deadlines and respond accordingly.
• Monitor the accurate production of the hotel's daily operating report.
• Executes other special projects and responsibilities as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level