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Head of Accounting and Financial Reporting (Hospitality)

Kasa Living

Kasa Living

Accounting & Finance
Remote
Posted on Friday, June 21, 2024

This role is fully remote within the US; we list a location because some job boards require it.

Kasa seeks a passionate and driven people leader to join us as the Head of Accounting and Financial Reporting. You should have a deep understanding of hotel management agreement reporting standards (USALI, GAAP), lease accounting, GAAP reporting, and a CPA License is strongly preferred. If you thrive in dynamic, tech-driven environments and have a track record of success leading hospitality accounting teams, join us to implement scalable processes and solutions for our reporting functions and play a pivotal role in Kasa’s success!

The Role

Kasa is the leading tech-enabled brand and operator of hotel, multifamily, and single-family hospitality accommodations for guests in dozens of markets nationwide. Kasa manages properties on behalf of institutional and local property owners across various price and luxury tiers.

In this pivotal role, the Head of Accounting and Financial Reporting will lead Kasa’s corporate and property-level accounting and reporting teams, building scalable processes while ensuring accurate and timely financial reporting for Kasa’s property partners and investors. Your mission is to continue Kasa’s success in delivering market-leading financial reporting to our hotel and multifamily partners while improving Kasa’s tech-driven approach to scalable accounting solutions for the hospitality industry.

This is not just a typical accounting leadership role, but an extraordinary opportunity to join a truly differentiated finance operation that drives tremendous value for Kasa’s property partners and investors. Unlike roles in legacy hospitality companies with static systems and anachronistic processes, the Head of Accounting and Financial Reporting will be at the forefront of innovating our reporting functions across different mediums, systems, partnership structures and reconciliation processes to truly innovate relative to stale accounting processes of the past. We seek a visionary candidate to be our Head of Accounting and Financial Reporting, who is thrilled by the prospect of driving transformative changes and playing a pivotal role in evolving a critical aspect of our business.

As the top accounting leader at the company, you will be the primary individual responsible for the company’s financial reporting with direct connectivity to the executive team and Board of Directors. This role is remote and will report directly to the Chief Financial Officer.

Your Impact

  • Improve Property-Level Reporting Scalability: Kasa operates in a centralized fashion - significantly more efficient than traditional hospitality companies and with scalable systems. You will be responsible for ensuring that our systems and processes become ever more scalable, ensuring reliable and accurate reporting as we grow, with limited need for additional resources.
  • Communicate with Key Stakeholders: Summarize company financial performance to our investors and leadership team on a monthly, quarterly, and annual basis. Synthesize the information by surfacing the most impactful results as well as the areas of financial performance that can impact future strategy and decision-making.
  • Thought Leadership: Innovate new ways to report and analyze property-level performance and deal structures to maximize the operating profit Kasa delivers to its partners and better inform business decisions. Inspire cross-functional understanding of financial stewardship plus drive technological innovation to maximize company-wide accounting accuracy.
  • Improve Efficiency and Automation: Leverage new technologies to maximize financial performance and improve the speed of reconciliations, monthly close, and financial overview to our investors and partners.
  • Inspire Finance Team to Strive for More: Act as an inspirational leader to encourage more empowerment amongst finance team members to continue improving their role as critical thought leaders within the broader organization.

Your Responsibilities

  • Reporting Accuracy & Timeliness: Accurate and timely reporting for our properties and corporate investors is critical to Kasa’s near and long-term success. You will have direct responsibility to ensure that we remain best-in-class for this critical function, including, but not limited to, corporate allocation decisions, new partnership structuring decision-making, KPI reporting, partner reporting mediums, and managing scalable reconciliation processes.
  • Team Management: Oversee and inspire a ~15 person team across the US and Mexico to produce top-tier financial reporting while maximizing reconciliation efficiency to achieve greater economies of scale as Kasa continues to grow.
  • Tax and Audit Improvements: Ensure SOC and audit compliance as Kasa continues to grow across multiple jurisdictions, agreement types and with various investment partners.
  • Partner and Cross-Functional Management: Oversee multiple external partnerships with tax, audit, real estate and legal firms across a wide range of financial reporting-related projects, as well as mentorship of property general managers and financial reporting managers on best practices, frequencies, and approaches to property owner financial reporting. Key internal stakeholders with frequent interaction with this role include regional general managers, real estate growth, sales and marketing, reservations and distributions.

Qualifications

  • Requirement: At least 12 years of experience leading accounting/reporting teams in the Hotel industry
  • Requirement: Significant experience with hotel management agreement reporting standards (USALI and GAAP), lease accounting, and familiarity with ownership structures common in the commercial real estate industry
  • Requirement: Experience with corporate company-level reporting, including GAAP financial reporting, equity accounting, and corporate KPI analysis.
  • Nice to have: CPA license
  • Nice to have: Experience working with product/tech teams to develop creative solutions to legacy accounting system and/or process blockers
  • Nice to have: Experience using Netsuite, Adaptive Insights (Workday), SQL or Looker.
  • Nice to have: Experience crafting new reporting and reconciliation processes for complex customer sales
  • Nice to have: Public company and/or venture-backed company reporting experience
  • Nice to have: Fluent in Spanish (frequent interaction with Kasa Mexico team)
  • Key Values: Highest degree of integrity, energized by complex problem solving, thinking outside the box, willing to “roll up your sleeves”, empathetic leader, and confident communicator.

Curious about the Kasa experience? Save 15% when you book on kasa.com

Benefits

  • 🌏 Remote Work: With flexibility as a core value, and over three-quarters of the team working remotely, Kasa employees are able to work from anywhere!

  • Kasa Travel Credit: We love to travel! Kasa employees get an allowance of free stays with us in any of our locations, plus a discount on any night for friends and family.

  • 💰 The Pay: The starting base pay range for this role is set based on multiple considerations including business needs, market demands, talent availability, experience, and unique skills and attributes. The base pay range is subject to change and may be modified in the future. This role may also be eligible for equity, bonus, perks, benefits, and Kasa Travel Credits.

  • 📈 Generous Stock Option Plan: At Kasa, our compensation philosophy is to offer a total compensation package that over-indexes on equity to encourage our team to think like owners (by being owners) and benefit from the growth in value that our collective hard work creates.

  • 🙌 Flexible PTO: Full-time exempt Kasa employees are encouraged to take time off as they need and see fit, ensuring that it’s not disruptive to their work.

  • 📱 Cell phone reimbursement: We reimburse a portion of your monthly cell phone bill to say thanks for using your personal phone during the workday.

  • 📈 401(k) Plan: As you invest in yourself and your future, Kasa invests in you too.

  • 🩺 Health Coverage: We’ve invested in comprehensive health insurance options to help when you need it most, including a company-sponsored plan with fertility coverage.

  • Other Perks: Qualifying full-time roles are eligible for a wi-fi stipend, home office stipend, and more!

Who We Are

Kasa is a Real Estate Technology company that is building a global accommodations brand unlike any other. We partner with owners of multifamily, single-family, and boutique hospitality properties, transforming underutilized real estate into stylishly furnished, professionally managed units that cater to business and leisure travelers alike. We took the best that hotels and short-term rentals had to offer and created a new class of hospitality that is well-priced, trustworthy, and offers a large selection of great locations!

Behind the scenes, we build technology that combines with our innovative operations to grow a globally scalable offering that delivers high-quality stays. Our guests enjoy seamless check-ins, spacious apartments, and attractive amenities, helping them feel right at home. If anything comes up, our remote guest experience team is available 24/7, ensuring our hospitality is always felt, though rarely seen.

Kasa is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by law. All employment is decided on the basis of qualifications, merit, and business need.

Kasa Living is an E-Verify participant. We will verify the identity and employment eligibility of all persons hired to work in the United States by matching information employees provide on the form i-9 against records available to the Social Security Administration (SSA) and the Department of Homeland Security (DHS). You may find more information here and here.

Kasa does not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers or People & Talent team.

The Kasa Talent Acquisition team will only communicate from email addresses that use the URLs kasa.com and us.greenhouse-mail.io. We will not use apps such as Facebook Messenger, WhatsApp, or Google Hangouts for communicating with you. We will never ask you to send us money or technology to work for our company. If you believe you are a scam victim, please review your local government consumer protections guidance and reach out to them directly. US-based applicants may refer to this article from consumer.ftc.gov for more details.