Salary Mid-Point: $130,000
Location: Chicago IL
Job Type: Permanent
Accounting Manager Responsibilities:
  • Manage and oversee the daily operations of Hospitality Investment Reporting including overseeing and reviewing the month-end, quarter-end and year-end close processes such as account reconciliations, prior period adjustments and monthly journal entries, bank reconciliations, etc. to ensure accuracy and completeness.
  • Directly supervise the following positions: Senior Accountants, Accountants, Associates and Interns
  • Review and analyze accounting data and produce Monthly Operating Reports such as P&L’s, Balance Sheets, Budgets and Forecasts at the individual asset level and the consolidated portfolio level for the hospitality assets (BRE Hotels)
  • Review monthly portfolio forecasts and individual forecasts in conjunction with the BRE Hotels FPA team and/or BX asset manager
  • Review and load the portfolio annual budgets and individual property budgets to X in conjunction with the BRE Hotels FP&A team and/or BX asset manager
  • Provide variance reporting to assess property performance relative to budgets or forecast
  • Lead onboarding and wind down efforts of acquisitions, dispositions and change of operators
  • Instrumental in the preparation of certain due diligence reports for potential dispositions or acquisitions
  • Conduct on site visits as necessary when onboarding or disposing a property
  • Review all capex draw requests and debt yield calculations prior to distribution to the lender
  • Review projects assigned to staff to ensure compliance, reporting accuracy and timeliness such as the debt reporting and the FF&E Draw submission
  • Serve as liaison with property operators and establishes meeting cadence to discuss important and timely topics
  • Ensure all hospitality property invoices paid at the corporate level are processed and paid timely
  • Enforce proper accounting methods, policies and principles
  • Provide recommendations to improve systems and procedures and initiate corrective actions
  • Ensure direct reports are handling processes in a like and efficient manner
  • Construct reliable cash models to project an asset’s future performance
  • Establish and maintain fiscal files and records to document transactions
  • Assist in the preparation and review results of annual audit findings
  • Assist with developing and documenting business processes and accounting policies to maintain and strengthen internal controls
  • Interact with internal Revantage staff, (such as Insurance, Tax, and Treasury) and external service providers to complete assigned responsibilities
  • Incorporate anticipated demand, driven by company initiatives and business conditions to ensure required capacity and skills will be available in the future
  • Assess and react to changing business conditions, in terms of their impact the organization they lead
  • Ensure team’s processes and procedures support the department’s goals according to guidelines and policies
  • Partner with senior managers to identify and drive external relationships with the team’s key contacts and stakeholders including third party accounting departments and third-party operators accounting teams
  • Assist other PC’s during Project initiatives on an as-needed basis

Requirements:

  • Bachelor’s Degree with a major in Finance, Accounting or closely related field
  • Minimum 6 years of experience in cost accounting, financial analysis and general accounting
  • Minimum 3 years people management experience
  • Must have hospitality accounting experience
  • Extensive experience with accounting ERP systems and other accounting software
  • Must have knowledge of US GAAP
  • Strong working knowledge of MS Office, accounting software and databases
  • Requires understanding of financial models, corporate financials and regulatory market
  • Passion for making business processes more efficient and successful
  • Experience with systems integrations preferred
  • Excellent communication, problem solving and interpersonal skills necessary
  • Ability to multi-task and manage shifting priorities in a fast-paced environment
  • Strong attention to detail and ability to work both independently and in a team environment

Preferred:

  • Master’s Degree
  • Real estate knowledge
  • CPA certification