Fixed Asset Manager - Schulte Hospitality Group

Schulte Hospitality Group is seeking a dynamic, service-oriented Fixed Asset Manager to join our team! SHG is an organization whose success is rooted in its service culture. Our mission is to exude hospitality, be respectful and authentic, prioritize the needs of our internal and external stakeholders above our own, and continuously strive to make a positive impact in all we do. We are passionate hoteliers eager to add like-minded people to our rapidly growing team!

 

What’s in it for you? When you join SHG you’ll be part of a team committed to an inclusive, employee-focused workplace that is invested in your development. We want you to feel engaged, empowered, and excited to grow with us. After all, we believe our greatest and most valuable asset is our people! SHG provides a rewarding, fun and flexible work environment, exciting perks, an atmosphere designed to encourage and promote career growth within the company and a robust benefit package including, but not limited to:

 

Work Today, Get Paid today, with Daily Pay!

Free Telemedicine and Virtual Mental Health care access for All Associates starting day one!

Multiple Health Insurance and Life Insurance options

401k Plan + Company Match

Paid Parental Leave

Paid Time Off

Holiday Pay

Pet Insurance

Employee Assistance Program

Schulte Savings Marketplace Discounts on event tickets, electronics, gym memberships + more!

 

Our Company: Schulte Hospitality Group is a division of Schulte Companies, a leading third-party management company with deep, multi-generational experience in all facets of the hospitality industry. We are a diverse team of innovative hoteliers and restauranteurs operating more than 200 locations across 38 states and 3 countries. Our portfolio includes a wide array of reputable brands like Marriott, Hilton, IHG and Hyatt as well as many unique, independent, boutique and lifestyle properties and restaurants.

 

JOB DUTIES AND RESPONSIBILITIES

Fixed Asset & Capex Accounting

• Maintain 200+ fixed asset depreciation and amortization schedules across the portfolio
• Apply appropriate depreciable methods and useful lives for fixed assets, and amortization periods for intangible assets
• Track capex project spending for budgeted and emergency requests; close out fully-billed purchase orders in the accounting system
• Prepare, review, and post expense-to-fixed-asset reclassification entries
• Reconcile construction-in-progress accounts and reclass to the appropriate fixed asset account upon project completion
• Deliver monthly fixed asset reporting to ownership across the portfolio
• Serve as the final authority on capitalization versus expense determinations, applying professional accounting judgment in conformity with GAAP — including where the appropriate treatment differs from the preferences of operations, asset management, or ownership
• Account for right-of-use assets and lease-related amortization under ASC 842, coordinating with the corporate accounting team

Systems and Process Improvement

• Serve as subject matter expert for the fixed asset and capex workstream in SHG’s migration to Microsoft Dynamics 365 Business Central
• Identify and drive process improvement opportunities that reduce manual work and strengthen controls in the new system

FF&E Reserve & Owner/Lender Coordination

• Partner with financial institutions to secure and collect FF&E reserve reimbursements, as available
• Partner with the capex team on capitalization policy, workload balancing, and day-to-day questions

Team Leadership

• Manage, develop, and set priorities for a Fixed Asset Supervisor and Fixed Asset Specialist
• Own the quality and timeliness of the team’s schedules, reconciliations, and reporting
• Serve as the escalation point for complex fixed asset and capex issues

EDUCATION AND EXPERIENCE

• 5+ years of p