Corporate Treasury and Development Accountant

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Position: Corporate Treasury and Development Accountant

Department: Finance/Accounting

Exempt

OTO Development is pleased to announce a wonderful opportunity for a Corporate Treasury and Development Accountant.

What will you be doing most days?

The Corporate Treasury and Development Accountant maintains primary responsibility for activities associated with construction cost accounting for active development projects, the administration of the construction loan draw process with lenders, and process improvement initiatives within the accounting and treasury department of the company.

Maintains key working relationships with lenders, contractors, and various internal parties, including development staff, purchasing, accounting, and finance among others.

Responsible for daily monitoring of banking activity and forecasting and communicating cash flow needs to management.

Manages corporate accounting needs such as:

o Maintaining fixed asset schedules

o Recording monthly depreciation and amortization

o Evaluating project cost transactions for cost segregation studies

o Monitoring and reconciling development-related cash accounts

o Monitoring processing of development project invoices

o Reconciling monthly construction-in-progress assets for numerous projects

o Monitoring and reconciling construction-related vendor deposits

o Accruing project-related costs for month-end financials

o Reconciling monthly loan balances and recording of applicable interest expense

o Recording development project cash receipts, bill inter-company development fees

o Assisting with various year-end audit requests.

Evaluates key accounting and treasury processes for efficiency opportunities.

Provides an integral role in implementing a new ERP system in 2025.

May provide leadership, coaching, and/or mentoring to a subordinate group.

What are the requirements for this position?

Must be a dedicated self-starter that works well managing complex processes involving numerous parties.

Ability to work as part of a team

Ability to communicate clearly and effectively

Analytical thinking skills and sound judgement.

Detail oriented

Mathematical and Accounting skills

Ability to develop and mentor others

A BS/BA in Accounting, Finance, or related field; professional certification (e.g. CPA) is a plus but not required

Physical Requirements for this Position

This is largely a home office role; however, you must be able to walk and stand for extended periods of time as the job dictates.

Travel Requirements

This position requires up to 10% travel. Travel may be outside the local area and overnight.

About OTO

OTO Development (OTO) is one of the fastest growing hotel management companies in the lodging industry. As an industry leader, OTO develops and operates award-winning select-service hotels in key markets across the U.S. with brand partners: Marriott, Hilton & Hyatt. For six years, OTO has ranked on INC. 5000's list of Fastest Growing Private Companies and in 2018 was certified as a high-trust, high-performance workplace by the independent analysts at Great Place to Work Institute. We would love for you to join our team!

Brand: Oto Development Address: 100 Dunbar Street, Suite 402 Spartanburg, SC - 29306 Property Description: 0000 Corporate/Home Office Property Number: 0000