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Manager, Hotel Finance & Accounting (Focused Service)

Role overview

Qualifications

  • 5+ years of directly related experience working for hotels in a similar capacity
  • 3+ years in a shared service setting supporting 7+ properties/entities
  • Bachelor’s Degree or equivalent work experience
  • Strong knowledge of GAAP and USALI standards

Responsibilities

  • Provide oversight of daily revenue reconciliation and approve journal entries
  • Issue accurate monthly, quarterly, and annual hotel financial statements
  • Conduct monthly PL reviews with hotel teams
  • Foster relationships with hotel personnel and mentor a Senior Analyst

Key facts

Other skills

  • Budgeting
  • Forecasting
  • Relationship Management
  • Spreadsheets
  • Communication
  • Problem Solving
  • Team Leadership
  • Organizational Skills
  • Time Management
  • Adaptability

About the company

Sonesta Hotels logo

Sonesta Hotels

Hotels & Lodging

Sonesta is now the 8th largest hotel company in the world, with 15 brands that consist of 1200 hotels, 100K+ rooms across three continents and include The Royal Sonesta, The James Hotels, Classico: a Sonesta Collection, Sonesta Hotels & Resorts, MOD: a Sonesta Collection, Sonesta Select, Sonesta ES Suites, Sonesta Simply Suites, Sonesta Posadas Del Inca (Peru), Sonesta Cruise Collection (Nile River), Red Lion Hotels, Red Lion Inn & Suites, Signature Inn, Americas Best Value Inn and Canadas Best Value Inn. With the growth of the company, we have also expanded our award-winning guest loyalty program – Sonesta Travel Pass. Offering guests a variety of travel experiences, free nights, value added perks, points that can be redeemed at any of Sonesta's hotels. Sprung from the classic hoteliers of the mid-20th century, Sonesta is a collection of hotels, resorts, suites and cruises enjoys a rich history celebrating over 85 years in hospitality. When savvy travelers stay in one of our locations throughout the world, they are treated to a genuine experience, reflective of the culture and personality of the destination. Guests are always delighted to find that we have let the outside culture in! As one of the original hoteliers in the United States, Sonesta has a solid understanding of what drives the passion for travel – service, beautiful surroundings and an unmatched destination experience delivered with style. It’s our employees who deliver on this promise with integrity and passion, ensuring our future will be as strong as our past. Discover what you have been missing at Sonesta. Join us. We can’t wait to meet you.

Company details

Company typeXLarge
IndustryHotels & Lodging
Company size10001

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Job description

We’re People People. Are you?


We’re Sonesta International Hotels—the 8th largest hotel company in the U.S. (and growing fast 🚀).


With a dynamic mix of full-service and focused hotels across major cities, our diverse portfolio of owned, managed, and franchised properties means we’re everywhere our guests need us to be.

But here’s the thing—we’re not just in the business of hotels, we’re in the business of people. We bring service with passion, loyalty with purpose, and create experiences that genuinely connect—delivering quality, value, and memorable stays across 1,000+ properties in eight countries (and counting).



What this role is all about


The Manager is responsible for supervising the timely preparation of accurate balance sheet, income statements, forecasts and budgets for an assigned portfolio of limited service, extended stay and select full-service hotels. This position will oversee the work and approve journal entries prepared by a Senior Analyst while mentoring them on soft skills and how to resolve complex accounting and finance related inquiries and issues. This position will own the analytical review and property relationships for a portfolio of hotels.

This is a hybrid role, with 3 days in our Newton, MA or Orlando, FL office and 2 days working remotely.

What you’ll be doing

Primary Responsibilities:

The responsibilities include, but are not limited to:

Accounting:

  • Provide oversight of the daily review of revenue reconciliation between the hotel PMS trial balance and the amounts in the financial system, and approve the respective revenue income journal entries in the General Ledger (GL)
  • Responsible for the timely issuance of complete and accurate monthly, quarterly and annual hotel financial statements with the assistance of a Senior Analyst
  • Approve journal postings in the GL prepared by a Senior Analyst to ensure they follow accurate GAAP and USALI guidelines
  • Conduct monthly P&L reviews with hotel teams as well as assist with monthly commentary regarding variances, having sufficient understanding to explain complex accounting scenarios to Operations personnel
  • Review balance sheet reconciliation workpapers prepared by a Senior Analyst for accuracy in support and reconciliation along with reviewing aged items for proper procedures
  • Prepare month-end, quarter-end, and year-end financial statements with assistance from a Senior Analyst

Finance:

  • Prepare accurate forecasts, commentary and budgets with support from hotel onsite leadership team
  • Oversee and prepare specific variance reports to provide understanding of revenue or expense opportunities
  • Support the Hotel Finance & Accounting leadership team with financial audit activities as necessary
  • Work with the Hotel Finance & Accounting leadership team to implement and monitor controls and procedures related to period-end adjustments, financial reporting, etc.

Business Partnering:

  • Own and foster relationships with hotel personnel, while demonstrating expertise in investigating any material variances identified through monthly analysis, as well as assist with the explanation of accounting principles
  • Drive meetings as the subject matter expert (SME) with onsite hotel personnel to review checkbooks, labor standards, PO production and applicable P&L, forecast or budget related items
  • Support and mentor a Senior Analyst with development of professional and technical skills related to day-to-day accounting and financial reporting activities. Perform and manage additional special projects as needed.

Travel:

  • This role requires 20% travel.

Key Competencies Required:

  • Work Experience:
    • 5+ years of directly related experience working for hotels in a similar capacity
    • 3+ years in a shared service setting supporting 7+ properties/entities
    • Bachelor’s Degree or equivalent work experience required
    • Preferred: Masters degree
    • P&L analytical experience required
    • Full cycle accounting experience required
    • Forecast or other finance related activities preferred
    • 2+ years prior experience leading a team
    • Strong knowledge of Generally Accepted Accounting Principles (GAAP) with ability to research and recommend appropriate actions on complex scenarios
    • Strong knowledge of Uniform System of Accounts for the Lodging Industry (USALI) standards required
    • Perform work in a well-organized, self-directed manner with ability to solve complex problems
    • Ability to independently prioritize and manage multiple tasks, work both independently and in a team environment, and grasp concepts quickly
    • Ability to maintain strict adherence to confidentiality requirements
    • Strong organizational skills with attention to detail

  • Systems Experience:
    • Experience with accounting systems such as Sage, M3, MS Dynamics, Oracle, Workday or relevant system required
    • Experience in Opera PMS platform or similar
    • Strong data entry skills
    • Proven ability to work with complex Excel spreadsheets

  • Management Experience:
    • Strong interpersonal, problem solving and planning skills
    • Prior experience leading, coaching and driving a successful team
    • Must be able to effectively communicate both verbally and written, with all levels of employees in an attentive, friendly, courteous and service-oriented manner
    • Must be able to multitask and prioritize departmental functions and employee needs to meet deadlines

Must be adaptable and lead in an environment of constant change


Anticipated Pay Range & Additional Job Information

Pay Range: $100,000 to $120,000. Base pay offer may vary depending on various factors, including but not limited to job related knowledge, skills and job specific overall experience.


How we reward you


At Sonesta, we know showing up for our guests starts with showing up for our people. That means supporting your health, your financial future, and everything in between. 


Here’s a snapshot of what we offer: 


  • Medical, Dental & Vision Insurance  
  • Health Savings Account (HSA) with Company Match  
  • 401(k) Retirement Plan with Company Match  
  • Paid Vacation & Sick Time  
  • Paid Parental Leave  
  • Company-Paid Life Insurance  
  • Company-Paid Short-Term & Long-Term Disability  
  • Hospital Indemnity, Critical Illness & Accident Insurance  
  • Educational Assistance  
  • Sonesta Hotel Discounts (yes, you’ll want to use these ✈️)  
  • Additional Perks & Employee Discounts 


Our Commitment to You


Sonesta is proud to be an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.


Before You Apply


To be considered, please complete the full application in addition to submitting your resume. Incomplete applications will not be reviewed. 


Apply once. Then go straight to the hiring manager.

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MR

Marcus Rivera

Chief Revenue Officer

m.rivera@company.com
linkedin.com/in/marcusrivera
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