Construction Senior Accountant
Company: Highgate Hotels
Location: Irving
Posted on: August 6, 2022
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Job Description:
Highgate Hotels
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 .
Location
Highgate Corporate Offices Irving, TX
Overview
The Construction Senior Accountant is responsible for managing and
executing the accounting operations relating to new development and
renovations projects.
Responsibilities
- Responsible for the cash management and oversight of each
development and renovation project and related entity, including
payments to contractors and professionals, processing of wires,
transfers, as well as the collection of fees, loan disbursements
and equity contributions.
- Perform data entry and review of Subcontractor & Supplier monthly
project invoices and AIA pay applications. Track overall
Development and Renovation draw status; inclusive of receipt date
of draws and source funding, as well as vendor invoice and payment
detail.
- Ensure all invoices and pay applications are accrued properly and
timely to the correct cost reports and phase codes.
- Prepare monthly and periodic Development Project funding
requisition packages for submission to lenders and investors in
accordance with their respective loan and ownership agreements.
- Execute Supplier payment runs and Subcontractor draw payment runs
for each Development and Renovation Project.
- Track compliance items relating to Development Project Supplier
and Subcontractor lien waivers, as well as insurance and W-9's for
Development and Renovation projects .
- Reconcile vendor statements, inquiries and inconsistencies.
- Review Development Project job cost activity monthly to ensure
consistent and proper coding.
- Perform monthly bank reconciliations and research all outstanding
stale checks, invoice related issues and discrepancies.
- Responsible for month-end, quarter-end, and year-end close and
financial reporting.
- Work with Development Project Managers on a monthly basis to
prepare forecasts, and to report variances.
- Obtain Renovation Project forecasts on a monthly basis to support
cash forecasting
- Enter new job budgets provided by Project Management teams and
update in accounting and construction software as needed.
- Maintain internal control safeguards and assist in any external
audit requests as needed.
- Collect, code, and obtain approvals for miscellaneous project
expenses. Review cost code activity for accuracy.
- Ensure that the Company is in continuous compliance with all
statutory, regulatory, banking, tax, and other external and
internal operating , reporting and record keeping requirements to
which the company is subject.
- Ability to do some travel and work overtime as necessary to
complete assigned duties.
Keywords: Highgate Hotels, Irving , Construction Senior Accountant, Professions , Irving, Texas
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