Senior Accountant

At Plamondon Hospitality Partners, people are the heart of our business. Our success starts with the associates who work in our hotels. We take great pride in hiring honest, hard-working, reliable people, who share our principles. We encourage getting the most out of life through family, safety, community involvement, education, and our relentless gracious, and urgent attention to you.

Summary
The Senior Accountant is responsible for supporting Plamondon Hospitality Partners (PHP) through managing all financial accounting and reporting for an assigned portfolio of hotels.


Essential Duties and Responsibilities
Financial Accounting and Practices

• Perform needed entries, including calculating and recording management fees, FF&E taxes and reserves, depreciation, payroll, health care and 401k, and any needed operating expense adjusting journal entries and accruals for each hotel within assigned portfolio

• Monitor and reconcile cash and FF&E balances with lending institutions, ensuring reserves align with loan agreements

• Review and reconcile hotel intercompany accounts with sister companies and PEI entities at end of period to ensure needed cash transfers are reconciled and addressed with leadership

• Prepare Marriott Owner Franchise invoice and submit summary of postings; calculate Marriott royalty accruals and process payments

• Prepare and submit sales/use tax returns for applicable state and counties, processing payments accurately

• Coordinate and communicate period-end close checklists and deadlines with hotel GMs and field associates as needed

Planning Processes

• Partner with CFO to design, plan, and implement Operating and Capital budgets in conjunction with Operations and Accounting leaders

• Assist in the management of departmental planning efforts to ensure all critical components are detailed, tracked, and supported, where appropriate

• Engage in and help facilitate monthly team meetings

Operations and Executive Support

• Partner with Operations leaders in preparation and presentation of monthly financial statement reviews with Executive Leadership

• Support Operations team through management of critical financial analyses, external reporting needs, and hotel-specific requests and questions

• Engage in periodic hotel GM meetings by presenting relevant content and supporting accounting-related training topics as needed

• Support accounting needs for Construction team including management, tracking, and reporting of CIP estimates, actual costs, loan draws/reimbursement process with a clear understanding of loan documents and requirements

Hotel Portfolio and Investor Reporting

• Understand and adhere to relevant operating agreements for a portfolio of hotels under the PHP umbrella

• Ensure timely creation of cash forecasts and sufficiency to support targeted quarterly distributions

• Assist the creation of quarterly investor letters designed to inform ownership of recent performance and quarterly distributions

• Manage quarterly cash distributions for assigned portfolio

Professional Development

• Collaborate with leadership to identify training needs and opportunities to expand the understanding and skill level of other associates

• Support the facilitation of professional development training including accounting, financial analysis, leadership, technology, and project management

• Partner with Operations team to train hotel leaders and associates on various topics

Qualifications

• Bachelor's degree in accounting or finance is required, master's degree highly preferred

• Minimum of 5 years of direct experience, entity accounting experience is a must

• Certified Public Accountant highly preferred, current or in progress

• Experience at public accounting firm preferred

• Experience in hospitality or travel-related company preferred

• Strong attention to detail, as well as excellent organizational and analytical skills

• Strong problem-solving skills with the ability to handle challenging situations and provide effective solutions

Essential Functions

• Perform as a member of the accounting team with positivity and enthusiasm

• Complete assignments under pressure and tight deadlines

• Identify opportunities for improvement with a 'continuous improvement' mindset

• Relate to individuals at all professional levels with a polite and professional nature

• Able to respond promptly to internal staff and external vendors regarding accounting issues

• Maintain professionalism and confidentiality

• Able to perform job duties with or without reasonable accommodation

• Able to perform other duties as assigned by leadership

Additional Requirements

• Read, analyze, and interpret legal documents such as operating or loan agreements, general business periodicals, professional journals, technical procedures, or governmental regulations

• Effectively present information and respond to questions from groups of managers, clients, customers, and the general public

• Work with mathematical concepts such as probability and statistical inference; able to apply concepts such as fractions, percentages, ratios, and proportions to practical solutions

• Solve practical problems and handle a variety of concrete variables in situations where only limited standardization exists; ability to interpret a variety of instructions in written, oral, diagram, or schedule form

• Provide exceptional customer service and interpersonal skills

• Willing to engage in collaborative, thought leadership discussions, debate of issues, and compromise on solutions in pursuit of company goals

• Have proficiency in Microsoft Office Suite products

• Possess experience with complex financial management software (Sage, ADP, M3) or a strong willingness to learn

• Possess a valid driver's license, proper insurance coverage, and a clean driving record for business-related travel

Work Environment

• Majority of work is performed in a lighted, heated, and cooled environment typical of an office

• Periodic evening and weekend hours may be requested

• Local travel may be necessary for the support of the corporate office