Amrit Ocean Resort & Residences · 19 hours ago
Vice President of Accounting
US-TX-Irving
Full-time
Onsite
Director/Executive
10+ years expAmrit Ocean Resort & Residences is a leading real estate investment and hospitality management company. The Vice President of Accounting will oversee all accounting operations for a diverse portfolio of properties, ensuring accuracy and compliance of financial reporting and internal controls while providing strategic financial leadership.
HospitalityReal EstateVacation Rental
Responsibilities
Lead and oversee the preparation of accurate and timely monthly financial statements for all Select Service properties
Ensure completion and review of balance sheet reconciliations and other critical financial reporting components
Monitor and manage portfolio-wide cash balances, forecasts, and payment obligations
Direct the timely processing and posting of urgent payments related to legal, insurance, taxes, and accounts payable
Supervise the accurate deposit and posting of payments received at the corporate office
Oversee all accounting aspects of hotel acquisitions and dispositions, including proration calculations, journal entries, system setup and deactivation, and due diligence support
Enforce standardized night audit reporting procedures and ensure compliance with internal accounting policies at the property level
Monitor travel and purchasing card usage to ensure adherence to company policies
Ensure property-level accounts payable processes are properly followed and consistently applied
Monitor and ensure compliance with federal, state, and local tax filings, including sales and occupancy taxes
Develop and deliver training programs on accounting policies and procedures for both the corporate accounting team and field operations staff
Generate and review reports required by ownership groups and stakeholders, including portfolio-wide ancillary reports
Support the development and enforcement of internal controls, standard accounting procedures, and best practices
Coordinate internal and external audits, serving as the primary liaison with external auditors and ensuring timely delivery of audit requests
Ensure compliance with GAAP and the Uniform System of Accounts for the Lodging Industry (USALI), 11th Edition or later
Prepare and present special financial reports and statements as required by senior leadership or ownership
Lead and contribute to special projects and strategic initiatives as assigned
Qualification
Required
Bachelor's degree in Accounting, Finance, or related field required
Minimum of 10 years of progressive accounting experience within the hospitality industry, including both property-level and corporate-level leadership roles
Proven track record in a hotel management company setting is highly desirable
Deep knowledge of USALI (11th Edition) and GAAP
Proficiency with financial accounting systems and advanced Excel skills
Exceptional analytical, organizational, and communication skills
Ability to manage multiple priorities in a fast-paced environment and meet critical deadlines
Preferred
CPA or MBA strongly preferred
Experience with major ERP or hotel-specific accounting platforms is a plus
Company
Amrit Ocean Resort & Residences
Amrit Ocean Resort is an oceanfront resort that offers accommodations, rooms, suites, and condominiums.
201-500 employees
Funding
Current Stage
Growth StageRecent News
Canada NewsWire
2024-11-21
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