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Senior Manager, Finance & Accounting
Full Time | New York [Hybrid]
LWHA is seeking a Senior Manager, Finance & Accounting to improve and own the key functions of internal audit, accounts receivable & invoicing, payroll & expenses reconciliation/processing, and budget planning. Click Here for more information
- Budget Planning & Compliance
- Developing and monitoring business performance metrics
- Managing the budget process for non-assignment expenses such as conference & business development travel, employee training, development, team-building
- Coordinating and preparing internal financial statements
- Developing and conducting internal audit processes
- Overseeing regulatory reporting, if any
- Operational Oversight
- Oversight of HR firm (Vensure)
- Creating / enforcement of SOPs as needed
- Accounts Receivable
- Owning the invoicing process
- Issuing invoices and invoice reminders as/if needed to clients (approximately 1,250 assignments per year)
- Assessing current invoicing system, developing recommendations for improvement and implementing new processes (we are open to new technology to facilitate a more automated/reliable process)
- Ensuring the accuracy of invoicing
- Assisting with receivables as needed & keeping collection logs
- Planning, directing and coordinating all accounting operational functions
- Managing any supporting staff effectively
- Expense Reconciliation & Processing
- Establish guidelines for booking of travel expenses and checks in place to ensure reasonable limits and that they are enforced
- Ensure that non-billable expenses are appropriately deducted from respective assignments
- Ensuring billable expenses are billed to clients
- Ensuring billable expenses are not paid by the company or our associates
- Payroll Reconciliation & Processing
- Ensure payroll is processed in a timely manner
- Ensure payroll is consistent among team member submissions
- Oversight of Tax & 401K withholdings process – ensure HR firm is furnished with information needed and serve as facilitating resource for employees who split time between states
- Owning the invoicing process
- Skills / Qualities
- Ability to operate on a granular level without losing the big picture
- Ability to think out of the box to develop more efficient/effective methods
- Ability to conduct thorough and conclusive research to present strong options & suggestions to COO for approval
- Proactive / self-starter type is crucial to effectuate results in this environment (smaller company with leadership wearing many hats)
- Effective (and approachable) communication, both internal & external, is key
- Experience / Education
- Bachelor’s Degree required
- MBA, CPA, CMA considered beneficial but not required
- 5 – 10+ years experience in a related function, including but not limited to positions such as: Accounts Receivable, Financing Planning & Analysis, Controller, Financing & Accounting, Budgeting & Compliance, Internal Audit
- Prior management experience preferred, but not necessary
- Experience with QuickBooks or similar accounting software
- Must be based in NYC metro area
- In-office preferred; hybrid will be considered
- Business casual office attire
- Reports to COO
- Flexible & commensurate with experience; Base of $100k+
- Incentive/bonus potential
Associate, Senior Associate, Vice President
Full Time | West Coast [Hybrid]
LWHA is seeking an Associate, Senior Associate, or Vice President to be based on the West Coast proximate a major airport. This position would predominantly work on appraisals and other consulting assignments of hotels located across the country.
- Research
- Market research of demographics, business/industry and top employers in the area, status of residential and office markets. The associate must garner an understanding of the dynamics of a market and be aware of any new developments or significant changes occurring.
- Research of municipal laws including zoning restrictions/requirements and property taxation methodology
- Inspection / Site Visit
- Visit the hotel assigned, tour the asset and meet with the onsite management staff
- Tour the hotel’s market, including major demand generators, municipal offices, and competitive hotels
- Interview/speak with local professionals (including brokers, hotel management, zoning officials, etc.) in order to learn about the market
- Analysis
- Compile financial projections via Excel-based modeling; this includes review of documentation provided by the client, data input into the model, comparable analyses and forecasting.
- Report
- Utilize all research and financial modeling to write a detailed report for the client explaining findings and rationale
- Bachelor’s Degree from an accredited university
- Preferable majors include: Hospitality Management, Real Estate, Finance
- Certified General Appraisal License is preferred (if not, willingness to obtain license is expected)
- Past Work Experience
- Preferable fields: Hotel Operations, Hotel Revenue Management, Real Estate Finance/Consulting, Hotel Development/Consulting, Valuation/Appraisal
- Title will be commensurate with years of relevant experience
- Associate Level: Minimum 1-2 years professional experienc
- Senior Associate Level: Minimum 2-4 years professional experienc
- Vice President Level: Minimum 4-7 years professional experience
- Advanced Excel Knowledge
- Excellent writing skills; each assignment will require a written report deliverable to client. Reports must be well-crafted and professionally written.
- Excellent communication skills; an associate will be interacting directly with clients, hotel owners/developers/management, and various other industry professionals.
- Professionally mature individual
- Thoughtful & diligent worker with excellent follow-through
- Energetic self-starter who is eager to learn and desires to fully grasp concepts
- Interest in Hotels; penchant for Finance
- Ability to travel domestically 15-25% of each month