Staff Accountant

Firm Overview

Northwood Investors LLC (“Northwood”) is a leading, privately held, global real estate private equity investment advisor that invests alongside institutional and private clients in a broad range of real estate opportunities, with over $10 billion of investments under management. Founded in 2006 by John Z. Kukral, the former President and CEO of Blackstone Real Estate Advisors, Northwood employs a fundamental, value-driven investment strategy with a longer-term outlook.

The Northwood team is comprised of over 200 real estate professionals with deep experience in sourcing, executing and managing real estate transactions worldwide, ranging from office buildings and shopping centers to hotels and residential investments. Northwood has office locations in the US in Denver (headquarters), New York, Dallas, Los Angeles and Charlotte. The firm also has professional teams located in the United Kingdom, Luxembourg, Paris, Singapore and Amsterdam. Additionally, the firm has employees who work for vertically integrated platforms, such as Retail, Office, and Hospitality.

Northwood Hospitality, a wholly-owned subsidiary of Northwood Investors, manages the prominent hotel portfolio acquired by Northwood Investors. The growing portfolio of Northwood Hospitality currently consists of twelve iconic properties, eleven of which are managed by Northwood Hospitality:

• London West Hollywood
• Cheeca Lodge
• Casitas at Cheeca Lodge
• Morada Bay
• The Ballantyne Hotel, a Luxury Collection
• Aloft Charlotte Ballantyne
• Courtyard Charlotte Ballantyne
• Staybridge Suites Charlotte Ballantyne
• The Amara Resort and Spa
• The Darcy Hotel
• Conrad Nashville
• The Four Seasons Prague

For more information, visit Northwood’s website atwww.northwoodinvestors.com.

Position Overview

The Staff Accountant will work at our corporate office and is responsible for performing the day-to-day accounting for the hospitality overhead platform, as well as supporting the day-to-day accounting for certain hotel assets within the portfolio. Additionally, this position will own the centralized accounts payable process for all hotel assets and the hospitality platform. This is an entry level position in which the ideal candidate has foundational knowledge of and exposure to accounting and financial reporting basics and is looking for the opportunity to gain exposure to hospitality accounting and operations. They will work directly with the Director of Accounting and the Property Level Accounting Teams to ensure all needs are met.

Specific responsibilities include, but are not limited to:

Supporting the centralized accounts payable process –

• Interact daily with property teams to understand their needs, research their inquiries, support their requests, and assist with issue resolution
• Monitor, review and verify accounts payable balances for timeliness and accuracy
• Facilitate/execute weekly payment runs, and identify opportunities for increased efficiency
• Provide payment requests for executive approval on regular and ad hoc basis
• Serve as liaison between property teams, vendors, and third-party payment processors as needed

Supporting day-to-day accounting for certain hotel assets within the portfolio as well as for the hospitality overhead platform –

• Perform daily audit and analysis of overnight revenue processing
• Prepare daily journal entries as well as journal entries for recurring transactions on a monthly, quarterly and annual basis (cash movements, payroll, and other departmental/overhead expenses)
• Classify, record, and verify numerical data for all properties, and subsequently analyze recorded data to confirm accuracy and completeness
• Assist with preparation of financial reporting packages to relevant stakeholders
• Understand, interpret and reconcile general ledgers and financial statements and prepare relevant supporting documentation and analyses

Candidate Qualifications and Attributes

Education/Experience

• Degree in Accounting or a related field of study preferred
• 0-3 years’ experience in Accounting (Hospitality experience is helpful but not required)

Technical Skills

• Technologically savvy (e.g., able to learn and use new applications quickly, intermediate to advanced skill with Microsoft Excel)
• Ability to compile, analyze, and utilize complicated and integrated spreadsheets
• Strong quantitative analytical skills, including the ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, etc.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
• Critical thinking capabilities, can interpret a variety of instructions furnished in written, oral, diagram, or schedule form
• Commitment to delivering high quality work in a timely manner, which may include working hours that are commensurate with what is necessary to meet expected deliverables
• Knowledge of financial accounting systems (MRI & Microsoft Dynamics a plus)
• Foundational understanding of U.S. GAAP

Soft Skills

• Ability to take initiative and function independently; effective time management is critical
• Highly adaptable – can prioritize workload, flex quickly to change, and deliver under the pressure of deadlines in a dynamic environment
• Proactive, solutions-oriented mindset in order to manage expectations and communicate work status
• Aptitude for building professional relationships in order to effectively collaborate with corporate leadership, property teams, and vendors in a professional, articulate, and courteous manner
• Commitment to confidentiality and integrity is a must
• Great attitude – willingness to assist wherever needed

Type of Position

• Salary

Salary Range

• $60K - $650K Based on experience plus bonus potential

What We Offer

• Group medical, dental, vision, life and disability benefits
• Participation in 401(k) with company match
• Employee Assistance Program
• Medical and Dependent Care Flexible Spending Accounts (FSA)
• Generous Paid Time Off