Summary of Career OpportunityÂ
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POSITION:Â Â Â Director of Financial Reporting
CLIENT:Â Â Â Sunstone Hotels
www.sunstonehotels.comÂ
Aliso Viejo, CA
CLIENT PROFILE & HISTORYÂ Â Â
ABOUT SUNSTONE HOTEL INVESTORS, INC.:
Founded in 1991, Sunstone Hotel Investors, Inc. (NYSE:SHO) is a lodging real estate investment trust, or REIT, whose primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. As of July 2023, Sunstone owns a high-quality portfolio of 15 hotels located across six states and the District of Columbia. Nearly all of the Company’s hotels are operated under the most respected and widely recognized brands in the lodging industry including Marriott, Hilton and Hyatt.
Sunstone’s strategy is to create lasting stakeholder value through the active ownership of Long-Term Relevant Real Estate® within the hospitality sector. The Company’s values include transparency, trust, ethical conduct, honest communication and discipline. As demand for lodging generally fluctuates with the overall economy, Sunstone seeks to own hotels that will maintain high appeal with travelers over long periods of time and will generate economic earnings materially in excess of recurring capital requirements. The Company’s aim over the next several years is to maximize stockholder value through focused asset management and disciplined capital recycling, which is likely to include selective acquisitions and dispositions, while maintaining balance sheet flexibility and strength. The Company’s goal is to maintain low leverage and high financial flexibility to position Sunstone to create value throughout all phases of the operating and financial cycles. Sunstone’s corporate headquarters, located in Aliso Viejo, California, has 37 employees. Additional information on the Company, management team and hotel portfolio can be found on Sunstone’s website at www.sunstonehotels.com.Â
POSSIBLE INTERVIEW CONTACTS
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CFO
VP Financial Reporting
VP Corporate Accounting
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POSITION SUMMARY & REQUIREMENTS
•   Prepare and manage quarterly, annual and ad-hoc reports for the SEC (10-Q, 10-K, 8-K, etc.), including financial statements, footnote disclosures, MD&A, and XBRL. Responsible for the preparation and compilation of supporting schedules for the filings.
•   Keep updated on recent and applicable GAAP and SEC reporting guidelines.
•   Identify and resolve complex accounting issues as they rise and leads special or ad-hoc projects and transactions, as needed.
•   Coordinate key timelines and deliverables, and work collaboratively with business partners in the accounting, finance, operations, treasury, legal, HR, and other functional business areas to ensure proper and timely input into internal and external financial reporting.
•   Manage the quarterly and annual audit processes by working closely with external audit firm, providing supporting documentation and addressing requests and issues.
•   Prepare accounting and reporting disclosure checklists and ensure that required accounting and GAAP disclosures are met.
•   Manage stock award plans, including working closely with HR, Legal and third-party vendors to communicate materials, compliance, grant process and management reports, and respond timely to all executive plus employee queries pertinent to company stock plans.
•   In charge of but not limited to equity, debt, lease accounting in the monthly close process.
•   Assist implementing SOX processes, including defining process(es) to manage and ensuring that appropriate controls have been put in place, and are properly followed and documented
•   Perform related duties as assigned by Chief Financial Officer
EXPERIENCE / QUALIFICATIONS:Â
•   7+ years of related experience, including hands-on experience in financial reporting
•   Strong technical accounting background with a thorough knowledge of SEC reporting process and requirements, as well as experience with technical research and drafting technical memos
•   High degree of familiarity with Forms 10-Q and 10-K (including related SEC rules, regulations, and interpretations), FASB disclosure requirements, and XBRL
•   Ability to clearly and concisely document and effectively communicate complex accounting and reporting issues
•   Excellent attention to detail with high degree of accuracy
•   Strong analytical and problem-solving skills
•   Excellent written and verbal communication skills
•   Strong interpersonal skills and ability to work well on teams
•   Ability to work independently in a fast-paced environment, meet strict deadlines, multi-task efficiently and handle competing priorities
•   Eagerness to learn and willingness to take on new challenges
•   Experience with Oracle Fusion or Hyperion Essbase is highly desired
•   Strong proficiency in Microsoft Office (Excel, Word, and PowerPoint) - including ability to develop analyses using Pivot Tables, V-Lookups and other Excel tools
•   Experience with Shareworks or Equity Edge is a plus but not required
email:dgavello@allianceresourcegroup.com
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