Vice President, Corporate Controller (Hospitality Group)

Founded in 1892, B. F. Saul Company has been one of the most successful privately-owned real estate companies in the United States. Our growth has been the results of a commitment to exacting standards and the belief that knowledge of the marketplace, when paired with the ability to commit to substantial resources, will bring exceptional rewards. B. F. Saul Company has a variety of skilled professionals within the following operating divisions: Property Management, Leasing, Hospitality Group, Residential, Insurance, Construction & Development. The B. F. Saul Company concentrates on ownership, development, and construction of commercial real estate. CORPORATE STRUCTURE: B. F. Saul Company, through its subsidiaries, serves as property manager and asset manager of the portfolio of hotels owned by B. F. Saul Real Estate Investment Trust. It also serves as the property manager of a hotel owned by a third party and the operator of an amenity adjacent to that hotel. The Vice President, Corporate Controller (Hospitality Group) is responsible for all aspects of property accounting (operating the hotels and the amenity) and the majority of the aspects of asset accounting (owning the hotels). POSITION SUMMARY: Job Purpose: Manage the Accounting Department of the Hospitality Group including but not limited to field-based hotel accounting teams, corporate accounting team, and all aspects of accounting in respect of the hotels including, but not limited to, daily, monthly, quarterly and annual financial reporting and analysis and collaboration in the preparation of the annual budget of the hotel properties. The position requires close coordination and collaboration with the Hotel Group executive team and operational management in the field. REPORTING RELATIONSHIP: The Vice President, Corporate Controller (Hospitality Group) reports directly to the Chief Accounting Officer and has “dotted line” responsibilities to the President of the Hospitality Group. A teamwork approach is required while clearly maintaining appropriate objectivity and separation of duties. Summary of Competitive Benefits & Perks: Health/Medical Insurance including Dental and Vision 401(k) with company match Paid time off Bonus/Target Incentive Tuition Reimbursement Complimentary usage of modern in-house fitness center On-premise full-service dining center discounts Discounts via the company’s EAP Monthly Employee Recognition Programs Referral bonus Pre-tax transportation options Plus more! Key Responsibilities: Through and in conjunction with the Director of Field Accounting and the General Managers of the hotels, manage and supervise the field accounting staff to include, but not limited to: Staff direction, recruitment, hiring, training, discipline and goal planning and performance management. Monthly reporting of financial results and control over financial transactions. Management reporting support and operational integration at the departmental level. Response to internal audit findings related to financial matters and oversight of actions to improve field policies and procedures that pertain to financial matters. Additional Key Responsibilities: Manage and supervise the corporate accounting staff to include, but not limited to: Staff direction; recruitment, hiring, training, discipline, goal planning and performance management. Monthly reporting of financial results and control over financial transactions. Daily, weekly and monthly reporting of hotel operating statistics, metrics and forecasts. Ensuring accurate and timely filing and/or payment of personal property taxes, real estate taxes, insurance premiums, mortgage loans secured by hotel properties, paycheck protection program loans, etc. More Key Responsibilities: Full responsibility for the accounting and reporting of the financial position and results of operations of the Hospitality Group; regardless of the group that processes underlying transactions. Ownership and responsibility for the management and support of third parties whose systems are used to process underlying transactions, whether or not integrated into the accounting system. Such systems include, but are not limited to, purchasing cards, purchase orders, accounts payable, daily reporting, budgeting, and forecasting. Collaborate on the preparation of the annual budget for the Hospitality Group including, but not limited to, fully supporting the revenue, expense and fixed cost budget planning by working closely with the management team and ensuring accuracy and timeliness of the budget process. Provide financial reporting support to the executive management team of the Hospitality Group. Analyze monthly financial results and proposed transactions and make recommendations to improve profitability through examination of contracts, payment arrangements, and all financial transactions. Review financial management operations and make recommendations to improve efficiencies, including, where practicable, automation of manual tasks. Ensure that all financial transactions are accounted for in accordance with the applicable GAAP, income tax regulations, and internal policies, as appropriate. Analyze and make recommendations for areas requiring judgement such as reserves for accounts receivable and medical insurance. Ensure that inter- and intra-company transactions are processed in a manner that is efficient, minimizes touch points, and without the incurrence of fees and costs related to processing those transactions. Ensure that all departmental policies and procedures are documented, consistent with policies and procedures of other property divisions, as applicable, and consistent with corporate policies. Special projects and other duties as assigned. Position Requirements: 7 - 10 years of hotel experience (corporate and/or field) strongly preferred. Accounting degree (either bachelor’s or masters). Certified public accountant Supervisory experience. Strong organizational skills. Ability to communicate clearly, concisely, and effectively with staff, peers and senior management. Attention to detail. Ability to meet multiple priorities and deadlines. Salary: $200,000 - $275,000 a year The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of B. F. Saul Company & Affiliates total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more. B. F. Saul Company is proud to be an equal opportunity workplace. We promote diversity and equality within all facets of our organization, and we foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance. If you are a candidate in need of assistance or an accommodation in the application process, please contact

corporate.resumes@bfsaul.com

or 301-986-6000. Equal Opportunity Employer/Veterans/Disabled

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