Accounting Director

Job Description

Job Description

Position Summary

The Accounting Director oversees and controls all aspects accounting operations, ensuring accurate financial reporting, robust internal controls, and regulatory compliance. This role combines oversight of all accounting tasks with strategic leadership in financial planning and policy development. The Accounting Director has full responsibility for the consolidation of the real estate funds managed by the Company, the financial operations of the management company including budgeting & forecasting, cash management, and companywide financial reporting. In addition to technical skills, the Accounting Director will contribute his or her strategic knowledge to major aspects of the company’s real estate life cycle, including acquisitions, dispositions, refinancing, etc.

The Accounting Director interacts regularly with external stakeholders, the Accounting teams at each of our hotels, and professionals in the Asset Management, Finance, and Acquisitions teams as well as with the company’s leadership team. The ideal candidate has excellent communication skills, is detail-oriented, and enjoys problem-solving in an energetic and dynamic environment. The Accounting Director is supported by four team members and, together with the Tax Director, reports to the SVP of Finance & Administration.

Primary Responsibilities

•Direct the preparation and timely completion of monthly, quarterly, and annual financial statements in accordance with GAAP

•Analyze financial data to identify trends, variances, and opportunities for process improvements

•Develop, document, and enforce accounting policies, procedures, and internal controls

•Establish reporting processes & timelines for different managers of independent and branded hotels (Marriott/Hilton/Hyatt/IHG)

•Supervise monthly reporting process of our hotels and maintain collaborative relationships with the Directors of Finance throughout our hotel portfolio

•Oversee complex accounting aspects of real estate transactions, such as tax credit syndication structures and joint ventures

•Coordinate and manage the year-end close process, ensuring accuracy and adherence to deadlines

•Serve as primary liaison with external auditors & coordinate all financial statement audits

•Lead, mentor, and develop team members through fostering a culture of continuous improvement and professional growth

•Manage the annual budgeting process and periodic forecasts for the management company

•Oversee all cash management practices, including capital contributions, investor distributions, and cash transactions related to the company’s loan portfolio

Qualifications

•Minimum Bachelor’s degree in a relevant field, e.g., Accounting, Finance, etc.

•CPA license preferred

•Approx. 10-15 years of progressive accounting experience, including leadership experience

•Strong proficiency of GAAP, internal controls, and financial reporting concepts

•Prior experience with fund accounting, consolidation accounting, real estate investmenttrusts (REITs), and leasing structures

•Accounting experience in the hotel & restaurant industry is preferred but not required

•Advanced knowledge of Microsoft Office products

•Comprehensive knowledge of ERP systems, e.g., Yardi Voyager, NetSuite, JD Edwards, etc.

•Strong analytical, communication, and project-management skills

What We Offer

The salary and related benefits for this position are competitive within the Greater San Francisco market and provide for opportunities to participate in bonus and long-term incentive programs depending on experience and individual performance.

•Competitive base salary• Annual bonus •Long-term incentive programs depending on experience and performance• Comprehensive health benefits, including medical, dental and vision coverage options; most coverage options for employees are 100% employer-paid, plus subsidies for qualifying dependents•401(k) plan with employer match, no vesting restrictions• Generous monthly commute allowance; tax-free commute and flexible spending account programs, as applicable• Long-term disability and life insurance, both 100% employer-paid •Flexible time-off policy