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Job description
C12 Capital Management is the management company for The Loren Hotels and The Loren Residences. We create extraordinary destinations that blend architectural excellence, refined design, and exceptional service with an environmentally responsible point of view. Our portfolio includes luxury resorts, private residences, and landmark developments in some of the world’s most coveted locations, as well as an environmental non-profit focused on carbon capture. We are driven by a passion for quality, meticulous attention to detail, and a commitment to delivering experiences that are as timeless as they are unforgettable
What we do:
Origination & Development: We identify, acquire, and develop landmark hospitality and residential real estate assets in supply-constrained luxury markets, generating development fees, residual asset value, and a pipeline of new opportunities for the platform
Design & Hospitality: We operate and grow The Loren brand, driving management and brand-related fee income while building enterprise value through hotel operations, design, food & beverage, membership, and guest experience
Capital Management: We raise, structure, and manage the capital behind our projects, capturing the highest-yielding positions in the stack and earning recurring asset management and fund-related fees across our investments
About The Loren Hotels & Residences
The Loren is a collection of remarkable residences, hotels and restaurants that stand for something more — for culture, for beauty, for community and for conservation. The Loren at Pink Beach in Bermuda opened in 2017 as a masterpiece of modern architecture harmoniously integrated into the coastline. The Loren at Lady Bird Lake in Austin opened in 2023, bringing the brand’s design-forward philosophy to the edge of the city’s iconic waterway. C12 is actively expanding the portfolio, with new Loren developments underway
Position Overview
The Director of Financial Accounting Operations continuously builds & leads the accounting operations, financial reporting, and project accounting functions across a growing multi-property portfolio, including luxury hotels, Villa rental program, and multifamily residential rentals. C12 is in a continuous growth cycle with acquisitions underway and ground-up luxury developments opening. This role builds the accounting infrastructure those assets will run on. This role owns the monthly close process across all managed properties, drives standardization and controls, leads finance system implementations, and serves as the accounting subject-matter expert for M3 in partnership with the third-party accounting support team and onsite Accounting Manager
This is a hands-on onsite leadership role requiring deep hospitality accounting expertise, strong systems acumen, and the ability to manage both routine close cycles and complex, multi-property development projects as well as new acquisition onboarding simultaneously. The Director travels monthly domestically and internationally to properties to support on-site teams, conduct financial reviews, and oversee capital/renovation project accounting
Responsibilities
Financial Operations & Monthly Close
Build and own a close framework that scales from the current portfolio through multiple acquisitions and openings, ensuring accuracy, timeliness, and compliance with USALI
Analyze monthly financial results vs budget/forecast and coordinate variance commentary for ownership, asset management, and executive leadership
Review property level balance sheet reconciliations, accruals, & property-level financial statements.
Establish and enforce close calendars, checklists, and deadlines across a multi-property portfolio; hold property-level accounting managers accountable to timelines while producing quality information
Ensure intercompany transactions, management fee calculations, and allocations are accurately recorded/reconciled
Partner with property GMs, Accounting Managers, and Head Office Finance Team to identify and resolve accounting discrepancies
Management, Investor, and Flash Reporting
Oversees preparation and distribution of daily and weekly flash reports across the portfolio, summarizing revenue, occupancy, ADR/RevPAR (hotels), and other key operating metrics ahead of formal close
Establishes and maintains flash reporting standards and timelines to give ownership and operations leadership timely visibility into property performance
Delivers accurate and timely monthly and quarterly management reporting packages to ownership, asset management, and executive leadership, including P&L variance analysis, balance sheet review, and KPI dashboards by property
Define, develop, own, and roll-out standard reporting and deliverables at the hotel level for cashflow forecasting, income statement projections, budgets cycle, and reserve management
Develops and maintains standardized management reporting templates across the portfolio to enable consistent, comparable reporting across hotels, Villas, and residential assets
Participate in and coordinate with ownership groups and asset managers to ensure investor reporting deadlines, formats, performance reporting are met across the portfolio
Project Accounting
Serve as the lead project accountant to record capital activity for capital expenditures, renovations, development projects, and new property openings/conversions into the accounting books and records
Set up and maintain project cost codes, budgets, and job cost tracking within the accounting system.
Monitor project spend against approved budgets; report on cost overruns, committed costs, and remaining project funds with monthly capex review with business and properties
Coordinate with internal project managers and ownership on draw requests and construction-in-progress (CIP) accounting – recurring as well as larger project development initiatives
Ensure proper capitalization vs. expense treatment of project costs in accordance with GAAP and company policy
Reconcile Construction in Progress (CIP) accounts and manage the transition of completed projects to fixed assets when essentially completed and ready for its intended use
Systems & M3 Expertise
Serve as the internal subject-matter expert for M3 Accounting Core, including maintaining a global chart of accounts structure, standardized financial reporting, and integrations with PMS/POS systems and other operating systems (BirchStreet)
Lead configuration, testing, and rollout of M3 for new properties or system upgrades.
Own end-to-end system implementation projects: requirements gathering, vendor coordination, data migration, user acceptance testing, training, and go-live support
Develop and maintain system documentation, standard operating procedures, and internal training materials
Identify opportunities to automate and streamline accounting workflows through system functionality and integrations (e.g., AP automation, bank reconciliation tools, BI/reporting dashboards).
Leadership & Cross-Functional Collaboration
Manage, mentor, and develop property-level accounting staff in conjunction with General Manager
The role directs property-level accounting managers through a matrixed relationship with General Managers and sets standards and review requirements for the third-party accounting teams handling transactional processing across the portfolio. Success depends on influence across property teams, ownership, and Head Office rather than solely on direct reporting lines
Partner with local Hotel General Manager/Department Heads, Asset Management, Head Office Accounting & Finance teams on budgeting, forecasting, cashflow management and ownership reporting requirements
Travel monthly to assigned properties to conduct on-site financial reviews, internal control audits, training, and system support
Support external audit, tax preparation, and lender/ownership reporting requests.
Identify and implement process improvements and internal controls to reduce risk and improve reporting accuracy across the portfolio
Qualifications
Core Competencies
Strong analytical and problem-solving skills with high attention to detail
Excellent communication skills, able to translate financial data for non-financial stakeholders
Comfortable operating in a fast-paced, multi-property environment with competing deadlines to drive execution
Strong project management skills, primarily in system rollouts and capital projects
High degree of integrity and discretion with sensitive financial information
Required Qualifications
Bachelor's degree in Accounting, Finance, or related field.
10-15 years of progressive accounting/finance experience, with at least 5-7 years in a hospitality, multi-unit, or multi-property environment.
Configuration-level expertise in M3 Accounting Core and Insights strongly preferred, including setting up new entities, designing or maintaining a multi-entity chart of accounts, building custom Insights reports beyond standard templates, and owning interface mapping to PMS/POS and procurement systems (Opera, Simphony, BirchStreet). Demonstrated experience leading a fin. systems implementations (system rollout, module implementation, or upgrade)
Strong working knowledge of USALI and hospitality-specific accounting practices
Proven experience managing project/job cost accounting, including CIP tracking and CapEx reporting
Demonstrated experience establishing close calendars, controls, or reporting standards where none previously existed, as opposed to inherited process
Preferred Qualifications
CPA, CMA, or CHAE (Certified Hospitality Accountant Executive) certification
Experience with hotel PMS systems (e.g. Opera, Simphony) and POS integrations
Experience supporting new hotel openings, conversions, or renovations
Advanced Excel skills; experience with BI/reporting
Prior experience managing/mentoring distributed accounting teams over multiple locations
Compensation and Benefits
Salary commensurate with experience: $180,000 – $200,000, + bonus
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.