Transition Controller

Remington Hospitality; Dallas (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading hospitality firm in Dallas is seeking a Transition Accountant to oversee the financial aspects of hotel acquisitions. The successful candidate will collaborate closely with finance teams and hotel management to ensure seamless financial processes. This role requires strong accounting skills, attention to detail, and adaptability within various hotel environments. Responsibilities include financial analysis, budgeting, financial reporting, and ensuring compliance with accounting standards. Opportunities to provide training to hotel staff on financial processes are part of the role.

Qualifications

• 3+ years of experience in accounting or finance, preferably in the hospitality industry.
• Proven ability to conduct financial due diligence and reporting.
• Strong analytical skills to identify financial trends and opportunities.

Responsibilities

• Oversee financial aspects of hotel acquisitions and transitions.
• Conduct thorough financial analysis and due diligence.
• Develop and maintain financial models and budgets for acquired hotels.
• Prepare and present financial reports to senior management.

Skills

Strong accounting skills

Attention to detail

Adaptability to different hotel environments

Tools

Oracle database

Job description

As a Transition Accountant, you will be responsible for overseeing the financial aspects of hotel acquisitions and transitions. You will work closely with our finance team and hotel management staff to ensure financial processes are seamless during the transition period. This role requires strong accounting skills, attention to detail, and the ability to adapt to different hotel environments.

• Financial Due Diligence: Conduct thorough financial analysis and due diligence for potential hotel acquisitions, including reviewing financial statements, budgets, and historical performance data mapping. Ensure completeness and accuracy of post transitional financial statements.
• Budgeting and Forecasting: Develop and maintain financial models and budgets for acquired hotels, ensuring they align with company standards and goals.
• Transition Planning: Collaborate with the hotel management team to create a transition plan that outlines the financial processes and systems to be implemented during the transition period. Ensure prorations are properly books for all transitions out. Ensure post transition balance sheets are completed and collapsed timely. Ensure timely completion of TCC tasks for both transitions in and out.
• Revenue and Expense Analysis: Analyze revenue and expense trends at acquired hotels to identify opportunities for cost savings and revenue optimization.
• Financial Reporting: Prepare and present financial reports to senior management and stakeholders, providing insights into the financial performance of acquired properties.
• Compliance: Ensure that all financial transactions and reporting comply with relevant accounting standards and regulations.
• System Integration: Assist in the integration of financial systems and processes for newly acquired hotels into the company's accounting software including loading data into our Oracle database. Will also work closely with our Data Analytics team to ensure validity of data.
• Training and Support: Provide training and support to hotel staff on financial processes and systems during the transition period. Establish relationships with DVPs/SVPs of Operations including them in all interactions and workflows as necessary to ensure financial results are accurately communicated.
• Audit Support: Assist with financial audits as necessary.