Hotel Portfolio Controller

Job Description

Palette Hotels Finance team seeks a Hotel Portfolio Controller. As a Hotel Portfolio Controller, you own the month-end close and the accuracy of the financial statements for a portfolio of hotels. Our offshore accounting team prepares most of the journal entries and reconciliations; you will direct, review, and approve that work, handle the issues that need judgement, and make sure every property closes accurately and on time. You are the accounting partner General Mangers, owners, and lenders count on, and you lead the finance side of transitioning hotels into and out of the Palette Hotels portfolio.

Job Responsibilities

The Hotel Portfolio Controller will:

• Own the general ledger and month-end close for each assigned property, and give final sign-off.


• Review and approve offshore team work, including journal entries, accruals, and balance sheet reconciliations; prepare the non-routine entries yourself.


• Run flux analysis against prior period, budget, and forecast, and explain the results to General Managers.


• Oversee daily revenue and cash controls, and manage short-term cash forecasting and payment timing.


• Deliver monthly owner and lender packages, covenant calculations (DSCR, debt yield), and escrow and reserve reconciliations.


• Keep reporting and fees compliant with management agreements, lender requirements, GAAP, and USALI.


• Serve as the accounting lead for owner, lender, brand, and external audits.


• Lead the finance workstream for hotel onboarding and offboarding, from opening balances to final settlement.


• Lead the finance workstream for hotel onboarding and offboarding, from opening balances to final settlement.


• Find the manual steps that shouldn't exist and fix them through automation, AI, or other processes.

Qualifications

• B.A. (or higher) in Accounting or Finance 


• 5+ years progressive accounting experience with responsibility for multiple hospitality properties, and strong working knowledge of GAAP.


•  A track record of owning multiple ledgers at once and delivering a timely, accurate month-end close.


• The ability to review others' work and prioritize across multiple properties with limited supervision.


• Clear communication with non-finance partners, including General Managers, and owners.


• Advanced Excel skills 

You will succeed in this role by:

• You treat your properties' books as your own and don't call a close finished until the numbers are correct.


• Owners, lenders, and operators rely on your financials without a second look.


• General Managers and Regional Director of Operations call you first, and respond with speed, care, and accuracy.


• You know each property's contracts well enough to keep the company compliant and explain what makes each hotel unique.


• You raise the quality of the offshore team's work through thoughtful review, coaching, and feedback.


• You ask why a number looks the way it does instead of accepting it


• You bring solutions, not just problems, and work across teams to reach the right answer


• You thrive with limited supervision in a growing company that is still defining how it works.

Who We Are

Palette Hotels is a modern and fully integrated hotel management company. We cultivate the full potential of our hotels and our teams to deliver best-in-class hospitality. Our brand pillars are peak performance, cultivated potential, and team empowerment. Our hotel owners and brand partners can count on Palette to deliver on a broad scope of services to grow their hotel investments. We bridge the gap between risk and reward, providing comfort and ease while investing in the future. At Palette Hotels, you can trust our team to deliver a holistic approach in your hospitality ventures while integrating data-driven insights into our operations. We safeguard our partners' investments and optimize their returns.

At Palette Hotels, we are dedicated to creating and sustaining meaningful hospitality careers for our associates. We support our associates with highly competitive salaries, outstanding health, benefits, extensive training and development programs, promotion within the organization, and a positive team-based culture where people make the difference.

Palette Hotels, is an equal opportunity employer with policies prohibiting unlawful discrimination on the basis of any protected classification under applicable local, state and/or federal laws, which can include race, color, creed, sex, national origin, age, veteran status or physical or mental disability unrelated to job requirements.

Palette Hotels policies also provide for a drug-free workplace, where the use, possession, or influence of illegal drugs or alcohol while on company time is generally prohibited. An employee's use (or abuse) of legally prescribed medication may also implicate company policy, where it impairs judgment or work performance or otherwise creates workplace safety risks.

Palette participates in E-Verify to confirm that you are authorized to work in the U.S. only after a job offer is accepted and Form I-9 is completed. For more information on E-Verify, please visit the Everify website.