Corporate Ownership Assistant Controller
Company: Highgate Hotels
Posted on: August 3, 2022
Highgate is a leading real estate investment and hospitality
management company widely recognized as an innovator in the
industry. Highgate is the dominant player in major U.S. gateway
cities including New York, Boston, Miami, San Francisco and
Honolulu, with a growing Caribbean and Latin America footprint. The
hospitality forward company provides expert guidance through all
stages of the property cycle, from planning and development through
recapitalization or disposition. Highgate has a proven record of
developing its diverse portfolio of bespoke lifestyle hotel brands,
legacy brands, and independent hotels and resorts with contemporary
programming and digital acumen. The company utilizes
industry-leading revenue management tools that efficiently identify
and predict evolving market dynamics to drive outperformance and
maximize asset value. With an executive team consisting of some of
the most experienced hotel management leaders, the company is a
trusted partner for top ownership groups and major hotel brands.
Highgate maintains corporate offices in New York, Chicago, Dallas,
London, Miami, and Seattle. www.highgate.com .
Highgate Corporate Offices Irving, TX
The Corporate Assistant Ownership Controller reports to the
Corporate Ownership Controller and is responsible for preparing the
financial information for assigned ownership entities under the
direction and review by the Corporate Ownership Controller. The
position is responsible for assisting the Corporate Ownership
Controller in all aspects of financial management, financial
control, accounting and financial reporting, including
consolidations, for a portfolio of assigned hotel ownership
entities. A Corporate Assistant Ownership Controller's
responsibilities include, but are not limited to, timely,
responsive and accurate completion of the following duties.
- Assist the Corporate Ownership Controller with the understanding
and compliance with all corporate, partnership, debt and other
contractual documents for all assigned ownership entities.
- Timely preparation of monthly financial statements for assigned
entities including corporate consolidation and reporting of
assigned hotel properties and ownership entities under the
direction and review by the Corporate Ownership Controller.
- Posting certain ownership entity monthly journal entries as
necessary under the direction of the Corporate Ownership
- Posting all cash entries on a timely basis (daily if applicable)
for ownership entities under the direction of the Corporate
- Assisting the Corporate Ownership Controller with the management
of debt, construction and other financing and capital transactions
as well as assisting the Corporate Ownership Controller with
determining and documenting the appropriate accounting treatment
for such transactions based on research performed (as requested by
the Corporate Ownership Controller) for review and consultation
with the Corporate Ownership Controller.
- Assist the Corporate Ownership Controller with the monitoring of
consolidated operations, cash flow and operating forecasts of
- Review of certain monthly bank reconciliations and G/L
reconciliations for assigned ownership entities.
- Processing and overseeing certain disbursements, including those
related to construction draws, joint venture payments, and payments
required under debt, legal and other governing documents.
- Monitoring of construction and other capital reimbursements from
certain restricted cash accounts ensuring such reimbursements are
completed on a timely basis.
- Involvement with insurance and property tax administration of
assigned hotel properties under the direction of the Corporate
- Assist the Corporate Ownership Controller with the successful
completion of internal and external financial audits, including
assistance under the direction of the Corporate Ownership
Controller with the coordination of work with CPA firms, as well as
preparing information related to ownership and consolidated
financial statements with footnotes requested by auditors on a
timely basis and submission of such information to the Corporate
Ownership Controller for review as well as the ability to craft
memos related to technical accounting topics that may arise.
- Preparation of any special reports, statements, etc., as
- Other special projects and responsibilities as assigned
Keywords: Highgate Hotels, Irving , Corporate Ownership Assistant Controller, Accounting, Auditing , Irving, Texas
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