Controller

InnVest Hotels; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading hospitality firm in Toronto seeks a Controller to manage accounting processes, budgets, and compliance with brand procedures. Candidates should have over 3 years of accounting experience in the hotel sector, demonstrate strong integrity, multitasking ability, and communication skills. The role offers a chance to work within an extensive portfolio and a supportive team culture.

Qualifications

• Minimum of 3 years of relevant accounting experience in the hotel industry.
• Ability to multitask in a fast-paced environment.
• Working knowledge of accounting principles, including budgeting and forecasting.

Responsibilities

• Provide budget information to determine operational targets.
• Monitor operational expenditures in accordance with budgets.
• Manage month-end accounting processes including reconciliations.

Skills

Strong accounting knowledge

Customer support orientation

Attention to detail

Strong communication skills

Job description

Description

THE COMPANY :

Passion Drives Performance. InnVest succeeds because our people love what we do. Our entire team shares a deep-rooted passion for the world of hospitality & travel that extends far beyond the walls of our offices and locations.

Our company culture is built on collaboration. A nimble team where everyone has a voice at the table and an opportunity to pursue their passions. Our skillsets are as diverse as our portfolio, but we all have a singular focus : a belief that partnerships deliver the best results, an entrepreneurial approach to decision making, respect for others, a strong sense of integrity and a curiosity to challenge the status quo.

With over 100 hotels in our portfolio, representing 18 internationally recognized hotel brands, InnVest is the largest independent owner of hotels in Canada. In addition, our management team oversees the day-to-day activities of almost 90 hotels also making InnVest the largest independent operator of hotels in Canada. InnVest’s portfolio is geographically diverse with hotels from Vancouver, BC to Corner Brook, NL but also experientially diverse from roadside inns to luxury urban properties.

At InnVest, our mission is simple – to deliver outstanding guest experiences and superior returns on quality hospitality investment. A career at InnVest will provide you with unrivalled opportunities and invaluable exposure to Canada’s largest independently-owned and operated hotel portfolio.

ACTIVITIES :

The duties and responsibilities for the Controller include, but are not limited to the following :

• To provide information to the Corporate Office as required;
• To assist in the preparation of the Hotel’s business plan;
• To provide budget information to determine operational targets and decisions;
• To analyse Hotels’ performance versus budget and investigate variances as required;
• To monitor operational expenditures in conjunction with approved budgets;
• To establish and maintain a system of internal controls and accounting which provides the most effective control over Hotels’ assets, liabilities, revenues and expenditures in accordance with established procedures;
• Ensure that Brand procedures and programs are adhered to and monthly Brand reporting completed;
• To accurately post revenues and expenditures;
• To reconcile all supplier accounts, to post all payables, and to pay vendors in accordance with due dates and cash flow projections;
• To monitor city ledger and guest ledger transactions, and to collect all receivables on a timely basis;
• To set up, track, record, and process all payrolls; to handle related HR and benefit matters as required;
• To manage month-end accounting processes including account reconciliations, inventories, accruals and balance sheet analysis;
• To ensure the Hotels’ necessary licences and renewals are in accordance with the local laws;
• To ensure the accuracy of night audit transactions and monitor their adherence to proper procedures;
• To ensure timely distribution of all daily reports;
• Establish and maintain a proper filing system for all documents related to Hotels’ sales and expenses;
• To lead the hotel Management with forecasting, annual budgets, financial analysis and project proposals;
• To ensure all Hotels’ contracts have proper authorization, negotiations for renewal and are properly filed and are easily available for corporate review;
• To ensure that there is an effective system of purchasing, receiving, and control of supplies in place at all times with proper requisition procedures;
• To ensure that usual and exceptional purchases are approved consistent with the budgeting and forecasting system;
• To ensure all accounting procedures comply with Westmont standards;
• To provide month-end packages to the Corporate Office and assist in the preparation of financial statements;
• Duties associated with Hotel Accountant Position including but not limited to the above or as assigned by management.

COMPETENCIES WE ARE SEEKING :

Strong accounting knowledge to handle a complete accounting cycle in a centralized environment.

A minimum of 3 years of relevant accounting experience in the hotel industry.

Must be efficient. Ability to multitask in a fast-paced environment and maintain a high-level attention to detail. Self-motivated and able to manage people and processes.

Must have strong customer support orientation (for internal / external customers), demonstrate professional demeanor, and the ability to maintain confidential information.

Impeccable integrity and ethics. Trustworthy and discrete. Strong communication skills, both verbal and written.

Above average proficiency / familiarity with computerized systems, as well as budgetary analysis capabilities required.

Working knowledge of accounting principles, including budgeting and forecasting. Strong knowledge in Account Reconciliation, Accounts Payable, Accounts Receivable, Payroll Processes, etc.

Exceptionally well-organized, able to adapt quickly to competing and changing priorities while closely monitoring critical dates and departmental obligations. Must have strong skills in planning, demonstrated ability to work independently and exercise sound judgment and problem solving.

InnVest Hotels is an inclusive employer. As part of InnVest’s commitment to accessibility, we will ensure equality by providing a selection process and work environment that is inclusive and barrier free. Accommodation will be provided in accordance with the Ontario Human Rights Code. Any special accommodation needs required in order to allow applicants to participate in the recruitment process to their full potential can be arranged in advance by contacting InnVest to arrange practical and appropriate accommodation. We appreciate all applications, however, only those applicants selected for an interview will be contacted.

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