Vice President, Assistant Corporate Controller
Global Hyatt Corporation
Managed the following groups;
·Global Consolidations and Financial Reporting Group (6 individuals) responsible for consolidation and overall accuracy of financial results, as well as internal and external financial reporting.This group also managed the external audit on a global basis.
·External financial reporting was developed to fully comply with SEC standards in terms of quality and timing as a public company accelerated filer (10-Qs, 10-Ks and Quarterly Earnings Releases).
·Technical Accounting Group (2 individuals) responsible for monitoring accounting literature, implementing new accounting standards and researching technical accounting issues
·General Ledger Group (20 individuals) responsible for Oracle general ledger, processing accounting transactions for North American business units and reconciling balance sheet accounts
·Corporate Shared Services (17 individuals) responsible for processing accounts payable, accounts receivable and payroll for North American business units
·Real Estate Controllership Group (2 individuals) responsible for ownership level accounting and controls for wholly-owned and joint venture real estate assets globally.This group also accounted for acquisitions and dispositions of real estate assets.
·Construction Finance Group (3 individuals) provides financial oversight over Hyatt’s $200+ million annual spend on renovation and building of hotels
·Strategic leader in transforming Global Hyatt Corporation from a series of disaggregated private companies into a single global hospitality company functioning as publicly traded entity.Drove the necessary changes in the structure and quality of the finance organization, including appropriate staffing, implementing SOx controls and re-engineering processes.Provided education of public company standards and collaborated on process change in non-finance departments within the organization, establishing the appropriate level of financial due diligence and awareness of public company requirements.
·Developed financial statements to full compliance with SEC standards.Managed quarterly reporting process delivering 10-Qs, 10-Ks and Quarterly Earnings Releases, all subjected to the review and approval of the Audit Committee of the Board of Directors
·Accounted for formation of Global Hyatt Corporation, a pooling of hundreds of entities under common control
·Lead project to analyze financial close.Developed and implemented solution converting from a quarterly close to a monthly close.Continuously improved quality and timeliness, driving consolidated global close to seven business days.
·Managed Oracle general ledger system, and oversaw upgrade to Oracle 11i
·Directly oversaw accounting aspects of more than twenty dispositions and over ten acquisitions with a total value of over $2.5 billion, establishing purchase price allocations and development and application of discontinued operations policy
·Lead annual impairment analysis
·Developed global accounting policies
·Re-engineered manual corporate accounts payable function, resulting in a process whereby invoices were imaged, and routed through an electronic workflow system managed by our overseas outsource provider.This re-designed process also dramatically improved working capital management.
·Strategic partner in installation of global consolidation system – Hyperion Financial Management
·Developed monthly internal management reporting, as well as quarterly reporting to support quarterly earnings release
- Established disclosure and commitment & contingency committees