• Staff/Senior Accountant

    Job ID
    2018-1301
    # of Openings
    1
    Job Locations
    US-NY-New York
    Posted Date
    1 week ago(5/16/2018 9:47 AM)
    Category
    Accounting - Hospitality
  • Overview

    Colony NorthStar, Inc. (NYSE: CLNS) is a leading global real estate and investment management firm with significant property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments and an embedded institutional and retail investment management business. CLNS currently has $43 billion in assets under management (AUM) and maintains HQ in Los Angeles and New York with a total of 500 employees in 18 offices worldwide. 

     

    This position will be supporting CLNS's hospitality portfolio , which is comprised of ~$4B inextended stay and premium-branded select service hotels.

    Responsibilities

    • Prepare monthly schedules (income statements), Flux Reports, and Variance Reports
    • Responsible for General Ledger/Journal Entry input and reconciliation to sub-ledgers
    • Analyze and reconcile the accounts
    • Maintain schedules including depreciation, amortization, tenant improvements, escrows, accruals, straight-line rent and pre-paid schedules
    • Update all capital assets and depreciation
    • Assist with Budget/Reforecast preparation
    • Input/import budget data into Yardi.
    • Perform bank reconciliation of all cash accounts
    • Assist in preparation of audit workpapers (analysis and reconcile the accounts)
    • Analyze year-end adjusting entries
    • Review tenant work orders for coding and for sales tax; ensure that charges are appropriate
    • Review and account for construction activity and capital improvements
    • Track payments of all capital projects
    • Obtain draw request information for escrow/reserve drawdown

    Qualifications

    • BA degree in Accounting
    • CPA preferred
    • Real estate experience, particularly within hotel property accounting heavily preferred
    • Public/private background desired
    • Strong communication skills
    • Strong MS Excel skills
    • Waterfall calculation experience preferred
    • GAAP exposure is a must
    • Cash management experience preferred

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