Manager, Operations Finance bei Adventurous Journeys LLC

Description

Department: Accounting and Finance

Reports To: SVP, Operations Finance

Location: Chicago, IL or Nashville, TN

This role will be performed onsite in the Chicago or Nashville office.

Adventurous Journeys Capital Partners (“AJCP”) is seeking a Manager, Operations Finance to join the firm’s real estate finance and accounting team to support AJCP’s rapid growth across multiple investment platforms, including Chief’s on Broadway, Field & Stream, Coral Sands, Hotel 1928, Hotel Pontchartrain, and Memoir Residential.

ABOUT AJCP

Adventurous Journeys ("AJCP") Capital Partners is a vertically integrated real estate investment manager founded in 2008. The firm repositions real estate to build timeless, scalable businesses and brand platforms. We deliver returns on transformative real estate by applying placemaking, inspired design, and hospitality principles to spaces overlooked or undervalued by traditional investment firms. The firm’s current portfolio includes $5.3 billion of assets across 100+ properties and 50+ geographic markets. With a mission to humanize hospitality through handcrafted projects made by people for people, AJCP delivers spaces that evoke emotional connections and become backdrops for enriching life experiences. Our headquarters are in Nashville, with offices in Chicago, London, and Miami. For more information on AJCP, please visit www.ajcpt.com.

ABOUT THE ROLE

The Manager, Operations Finance will be responsible for financial reporting and analysis and will contribute to the ultimate operational and financial success of multiple hospitality, F&B, and residential assets across AJCP’s portfolio of investments, including Chief’s on Broadway, Field & Stream, Hotel 1928, Hotel Pontchartrain, Memoir Residential, and Coral Sands, and additional platforms as the firm scales. This role will have an operational focus but also require in-depth technical knowledge of hospitality and real estate fund accounting concepts as we team with the AJ Portfolio Accounting team. In this position, the Manager, Operations Finance, will be a part of a team of four internal accounting professionals and help provide oversight to the senior accountant level team members. He or she will also work closely with members of the AJ Asset Management, Investments and Capital Markets teams to ensure our financial reporting can drive operating performance and bottom-line growth.

WHAT YOU WILL DO

Financial Reporting Responsibilities

• Work in close partnership with the AJ Operations Accounting team to ensure the accurate and timely reporting of financial information for assets as assigned. This includes assisting in the day-to-day and month-end entries and the monthly close process. Specific tasks include, but are not limited to, the following:

     o Communicate with the on-site team members to oversee day-to-day operational finance related matters.

     o Reviewing daily journal entries posted from Toast, Shopify, Tripleseat, Tixr, or other relevant operations software.

     o Assist in monitoring accounts payable and the payment of invoices from vendors using Sage Intaact and

        MarginEdge

     o Reviewing payroll related journal entries

     o Reconciling the Ramp card spend by asset and coordinating billbacks with the AJ Corporate team.

     o Assist in the preparation of internal monthly close packages, which include a reconciled balance sheet, P&L with 

         fluctuation explanations, and a statement of cashflows.

     o Assist in coordination of lender reporting, as necessary.

Operational/Investment Management Responsibilities

• Serve as main POC and communication liaison between AJCP and property management finance and accounting teams to determine priority level of requests.
• Collaborate with the Asset Management team by facilitating monthly actual results and then reviewing forecast updates and asset management reporting packages, including P&L analyses, flex/flow analysis, PACE reports, and STR reports to identify trends and provide recommendations for operational improvements
• Coordinate various treasury functions, including compliance with loan-related cash management requirements and monitoring hotel working capital and liquidity.
• Collaborate with the Investments and Capital Markets teams by providing financial information and analysis to assist with underwriting new acquisitions and capital markets transactions (e.g., new equity offerings, joint ventures, and loan originations/refinancings)
• Assist with the closing process of new asset acquisitions and capital markets transactions as necessary.
• Develop a deep understanding of all significant agreements, including but not limited to entity operating agreements and side letters, loan agreements, joint venture agreements, development management agreements, asset management agreements, hotel and restaurant management agreements, and lease agreements and ensure compliance with these agreements.

Other Responsibilities

• Provide active management, coaching, and development to a team of internal and external accountants and financial analysts.
• Manage/document business processes and accounting policies to maintain and strengthen internal controls.

Requirements

WHO YOU ARE

AJCP is seeking a highly motivated individual who enjoys working in a fast-paced, but disciplined, entrepreneurial environment. The ideal candidate will have extensive experience with hotel and real estate accounting and finance concepts, including experience working for a private equity firm or investment advisor with significant hospitality exposure. The ideal candidate will know how to turn insights into action by providing teams with clear, useful, and timely financial reporting and analysis to drive growth. This role also requires the following capabilities:

• Ability to clearly and effectively communicate with senior executives, investors, lenders, and other external stakeholders.
• Critical thinker who loves solving complex problems outside of their comfort zone
• Meticulous attention to detail and the highest standards for accuracy, timeliness, and precision
• Demonstrated ability to collaborate with others.
• Ability to deal effectively with ambiguities and manage multiple projects through completion, often under tight deadlines, with competing priorities.
• Strong technical knowledge of hospitality and real estate accounting concepts

YOUR QUALIFICATIONS

Required

• Bachelor’s degree in accounting, finance, business administration or related field
• 7+ years of hospitality and/or real estate accounting and finance experience

Preferred

• CPA or CPA candidate (active licensure not required)
• Experience working for a private equity firm with exposure to hospitality real estate investments and/or hotel management company.
• Experience and comfort level with both technical accounting and operations/asset management.
• Experience working with property management firms and/or hotel brand companies.
• An advanced degree, such as a Masters of Accountancy (MAcc) or a Masters of Business Administration (MBA)

Equal Employment Opportunity:

AJCP is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on an individual’s race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition, genetic information, marital status,

reproductive health decision-making, sex, gender, age, sexual orientation, veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. AJCP is dedicated to the fulfillment of this policy in regard to all aspects of employment, including, but not limited to, recruiting, hiring, placement, transfer, training, promotion, rates of pay, other compensation, termination, and all other terms, conditions, and privileges of employment.

In compliance with local law, we are disclosing the compensations, or range thereof, for roles that will be performed in Illinois. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of AJCP’s total compensation package for employees. Pay Range: $110,000-125,000 Other rewards may include annual bonuses. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement savings plan, paid holidays and paid time off.