Manager, Portfolio Accounting – Transitions

Sonesta Hotels

. Own proration accounting for hotel dispositions and acquisitions, including preparation and review of closing-date schedules .

Posted 11/11/2026full-timeNewton • Massachusetts • United StatesMid-LevelSenior💰 $100,000 - $125,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in full cycle accounting, balance sheet reconciliation, and compliance with GAAP and USALI standards. Proven ability to manage accounting for hotel transactions, oversee junior staff, and drive process improvements in a dynamic environment.

Highest-signal resume keywords

Full Cycle AccountingBalance Sheet ReconciliationGAAP ComplianceHotel Transaction AccountingCredit Management

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Proration AccountingJournal EntriesFinancial AnalysisAged Balance ReconciliationPortfolio Credit Risk AnalysisAudit Trail MaintenanceTechnical Accounting ResearchProcess ImprovementExcel ProficiencyIntercompany Activity Management

Soft Skills

Organizational SkillsInterpersonal SkillsProblem SolvingPlanning SkillsEffective Communication

Tools & Technologies

SageM3MS DynamicsOracleWorkdayOneStreamOpera PMSD&B PortalTACS Portal

Industry Keywords

Hotel AccountingReal Estate TransactionsPortfolio ManagementReceivables Risk AnalysisAudit Requests

Tech Stack

Tools & technologies

Oracle

About the role

Key responsibilities & impact

Own proration accounting for hotel dispositions and acquisitions, including preparation and review of closing-date schedules
Reconcile pre-closing and post-closing balance sheet activity and post closing, true-up, and settlement entries
Serve as finance point of contact for buyer, seller, and transition counterparties
Coordinate with Legal, Asset Management, Treasury, and corporate accounting through closings
Track post-closing items including holdbacks, escrows, and final settlement true-ups
Own portfolio-level and corporate-level journal entries, accruals, adjustments, intercompany activity, and recurring monthly entries
Manage accounting for management and incentive fees and other portfolio-level transactions
Prepare and review balance sheet reconciliations and clear aged items
Review and approve financial transactions for GAAP and USALI compliance
Maintain internal controls, documentation standards, and audit trails; remediate process or control gaps
Own audit requests related to portfolio-level accounting and hotel transaction activity
Research and document technical accounting conclusions for non-routine transactions
Analyze portfolio receivables performance, aged balances, trends, outliers, and KPIs
Own portfolio credit policy and direct bill program standards
Analyze bad debt reserves and portfolio credit risk; approve or recommend write-offs within delegated authority
Escalate and resolve complex, aged, or high-impact accounts receivable matters
Monitor third-party commission reconciliation outcomes and resolve systemic payment issues
Establish receivables policy, procedure documentation, and control standards
Lead, develop, and mentor assigned general accounting staff
Set priorities, align team work with departmental goals and close timelines, and review junior staff work
Influence outcomes across property and centralized teams
Drive process improvement, automation, and efficiency initiatives
Partner with corporate accounting, property teams, and external stakeholders on service delivery, scalability, and special projects
Perform special projects as needed

Requirements

What you’ll need

5+ years of directly related accounting or finance experience, preferably working for hotels in a similar capacity; 4+ years if in a shared service setting supporting 7+ properties/entities
3+ years of experience in credit management, collections oversight, or receivables risk analysis at a portfolio or multi-entity level
Full cycle accounting and balance sheet reconciliation experience required
Oversite of junior resources required; direct people management experience preferred
Hotel or real estate acquisition, disposition, or transaction settlement accounting experience, including proration and closing schedules, required
Experience with accounting systems such as Sage, M3, MS Dynamics, Oracle, Workday or relevant system required; OneStream or similar consolidation platform preferred
Knowledge of Opera PMS or a similar platform, the D&B portal, and the TACS portal preferred
Ability to manage performance within a team positively and influence outcomes outside the direct reporting line
Proven ability to work with complex Excel spreadsheets and reconcile data across multiple systems with high accuracy
Self-directed and well-organized, with strong follow-up on a high volume of open items
Strict adherence to confidentiality requirements, including sensitive transaction and personnel information
Strong organizational, interpersonal, problem solving and planning skills; adaptable to an environment of constant change and able to meet recurring deadlines
Must be able to effectively communicate both verbally and written, with all levels of employees in an attentive, friendly, courteous and service oriented manner
Strong understanding of general ledger accounting with demonstrated knowledge of Generally Accepted Accounting Principles (GAAP) and Uniform System of Accounts for the Lodging Industry (USALI) standards required, including the ability to research and recommend actions on complex scenarios

Benefits

Comp & perks

Medical, Dental & Vision Insurance
Health Savings Account (HSA) with Company Match
401(k) Retirement Plan with Company Match
Paid Vacation & Sick Time
Paid Parental Leave
Company-Paid Life Insurance
Company-Paid Short-Term & Long-Term Disability
Hospital Indemnity, Critical Illness & Accident Insurance
Educational Assistance
Sonesta Hotel Discounts
Additional Perks & Employee Discounts