Transition Controller

Remington Hospitality • Dallas, TX

9d

About The Position

As a Transition Accountant, you will be responsible for overseeing the financial
aspects of hotel acquisitions and transitions. You will work closely with our
finance team and hotel management staff to ensure financial processes are
seamless during the transition period. This role requires strong accounting
skills, attention to detail, and the ability to adapt to different hotel
environments.

Financial Due Diligence: Conduct thorough financial analysis and due
diligence for potential hotel acquisitions, including reviewing financial
statements, budgets, and historical performance data mapping. Ensure
completeness and accuracy of post transitional financial statements.
Budgeting and Forecasting: Develop and maintain financial models and budgets
for acquired hotels, ensuring they align with company standards and goals.
Transition Planning: Collaborate with the hotel management team to create a
transition plan that outlines the financial processes and systems to be
implemented during the transition period. Ensure prorations are properly
books for all transitions out. Ensure post transition balance sheets are
completed and collapsed timely. Ensure timely completion of TCC tasks for
both transitions in and out
Revenue and Expense Analysis: Analyze revenue and expense trends at acquired
hotels to identify opportunities for cost savings and revenue optimization.
Financial Reporting: Prepare and present financial reports to senior
management and stakeholders, providing insights into the financial
performance of acquired properties.
Compliance: Ensure that all financial transactions and reporting comply with
relevant accounting standards and regulations.
System Integration: Assist in the integration of financial systems and
processes for newly acquired hotels into the company's accounting software
including loading data into our Oracle database. Will also work closely with
our Data Analytics team to ensure validity of data.
Training and Support: Provide training and support to hotel staff on
financial processes and systems during the transition period. Establish
relationships with DVPs/SVPs of Operations including them in all interactions
and workflows as necessary to ensure financial results are accurately
communicated.
Audit Support: Assist with financial audits as necessary.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field. CPA or equivalent certification is a plus.
• 2+ years previous experience in hotel accounting, hotel transitions, and financial analysis in a similar role is highly desirable.
• Strong proficiency in financial modeling, budgeting, and analysis.
• Excellent knowledge of accounting principles and standards.
• Familiarity with hotel industry financial metrics and performance indicators.
• Proficiency in using Oracle accounting software and Microsoft Excel.
• Exceptional attention to detail and organizational skills.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Ability to adapt to changing environments and manage multiple projects simultaneously.
• Ability to travel to properties as needed to support transitions
• Ability to work remotely and independently

Nice To Haves

• ProfitSword/ProfitSage experience a plus
• Knowledge of Hotel PMS systems (OnQ, Fossee, FS PMS, SMS, Opera, Lightspeed/Galaxy)

Responsibilities

• Financial Due Diligence: Conduct thorough financial analysis and due diligence for potential hotel acquisitions, including reviewing financial statements, budgets, and historical performance data mapping. Ensure completeness and accuracy of post transitional financial statements.
• Budgeting and Forecasting: Develop and maintain financial models and budgets for acquired hotels, ensuring they align with company standards and goals.
• Transition Planning: Collaborate with the hotel management team to create a transition plan that outlines the financial processes and systems to be implemented during the transition period. Ensure prorations are properly books for all transitions out. Ensure post transition balance sheets are completed and collapsed timely. Ensure timely completion of TCC tasks for both transitions in and out
• Revenue and Expense Analysis: Analyze revenue and expense trends at acquired hotels to identify opportunities for cost savings and revenue optimization.
• Financial Reporting: Prepare and present financial reports to senior management and stakeholders, providing insights into the financial performance of acquired properties.
• Compliance: Ensure that all financial transactions and reporting comply with relevant accounting standards and regulations.
• System Integration: Assist in the integration of financial systems and processes for newly acquired hotels into the company's accounting software including loading data into our Oracle database. Will also work closely with our Data Analytics team to ensure validity of data.
• Training and Support: Provide training and support to hotel staff on financial processes and systems during the transition period. Establish relationships with DVPs/SVPs of Operations including them in all interactions and workflows as necessary to ensure financial results are accurately communicated.
• Audit Support: Assist with financial audits as necessary.

What This Job Offers

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