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Construction Senior Accountant

Company: Highgate Hotels
Location: Irving
Posted on: August 6, 2022

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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