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Corporate Assistant Controller

Company: Highgate Hotels
Location: Irving
Posted on: May 15, 2022

Job Description:

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, Dallas, London, Miami, and Seattle. .

-Review, identify any errors in, and correct journal entries prepared by the corporate accounting team.
-Actively monitor the daily work performed by the staff accountants, senior staff accountants, and accounting manager to meet the deadlines of monthly financial statements.
-Distribute accounts receivable, accounts payable, general ledger accounting and financial statement reporting tasks among the corporate accounting team members based on his/her qualification and experience so that all team members efficiently and accurately complete the tasks.
-Review draft versions of the monthly, quarterly, and yearly financial statements to ensure their completeness and accuracy (income statement, balance sheet, statement of equity, and cash flow statement).
-Review the calculations and explanations for income statement fluctuations in the quarterly reports issued to the lenders.
-Research complex technical accounting topics to correctly account for revenue, equity, and debt transactions under US GAAP.
-Review elimination entries for intercompany accounts and subsidiaries. Ensure compliance with US GAAP and SOX (Sarbanes-Oxley Act).
-Thoroughly understand and be able to clearly explain US generally accepted accounting principles (GAAP), business processes, accounting transaction flows, internal control and accounting information system.
-Identify any gaps in daily application of Highgate standard accounting policies and procedures and internal controls for accounting operations and propose corrective actions to fully comply with them.
-Answer questions from the team members regarding applying cash receipts to outstanding account receivables.
-Work directly with the Information Technology department to open new entities in Oracle, create new general ledger accounts in Oracle, map general ledger accounts to correct line items on the financial statements, and grant Oracle access to team members in accordance with internal control best practice.
-Work directly with the Tax department to provide accounting records for taxable income and expenses.
-Review general ledger account reconciliations in Blackline.
-Verify the accuracy of the explanations compiled by the team members for the variances between actual, budgeted, and prior period monthly profit and losses.
-Oversee and direct the activities the outsourced corporate accounts payable and cash application team located in India.
-Ensure compliance with partnership, debt and management agreements.

Keywords: Highgate Hotels, Irving , Corporate Assistant Controller, Other , Irving, Texas

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