Intercompany Reconciliation Recovery Leader — Global Hospitality

The mandate

Management fees, loyalty settlements, central procurement, payroll recharges, cash pooling and pre-opening support generate thousands of intercompany movements across owned, leased and managed hotels. Counterparties recognise charges in different periods and currencies, dispute service evidence, and clear balances through net settlements that do not reference original items. The intercompany leader departed with aged breaks and consolidation plugs unresolved.

The interim begins within two weeks for ten months, covering population containment, year end, two later closes and successor induction. A new hotel, management agreement, central service, recharge basis, treasury route, currency restriction or system change is a mandatory accounting trigger. Six weeks are protected for handover; the term cannot extend into legal-entity simplification or transfer-pricing redesign.

Exit requires a complete counterparty matrix, mirrored accounts, governed charge catalogues, matched invoice and settlement references, controlled currency treatment, dispute ownership, aged-item disposition, elimination evidence and three closes within tolerance. The successor must resolve an unseen hotel conversion plus loyalty true-up and close the resulting bilateral breaks without the interim’s personal tracker.

The leader may reject incomplete counterpart submissions, freeze unauthorised recharges, mandate bilateral confirmation, set dispute deadlines, approve delegated accounting corrections and control THB 900 million of recovery resources. The Controller retains policy, materiality and statements; Tax owns transfer-pricing policies; Treasury controls payments; hotel operators own service facts; auditors maintain independent conclusions.

Transfer-pricing design, contract negotiation, hotel operations, treasury restructuring, debt collection from third parties and replacement of the consolidation platform are outside scope. The interim may require transaction references and correct interfaces but cannot invent support for undocumented charges. Unsupported balances stay visible until corrected, settled, impaired or formally resolved by authorised management.

Why this seat is open

Hospital expansion and central services multiplied bilateral activity faster than common reference and settlement controls matured, then the accountable leader left during year-end preparation. Temporary authority must restore counterparty discipline, eliminate opaque consolidation fixes and leave permanent leadership able to govern new properties and service changes through live closes.

What you will own

• Reconcile entity, counterparty, account, currency, invoice, service period and settlement references across all bilateral balances.
• Standardise charge catalogues for management, loyalty, procurement, payroll, technology, marketing and pre-opening services.
• Govern cut-off, foreign exchange, tax overlays, dispute status, net settlement, write-off and ageing disposition.
• Replace consolidation plugs with matched difference categories, accountable owners, deadlines and approved correction paths.
• Coordinate mirrored confirmation and close timetables across hotels, shared services, Treasury, Tax and Group Reporting.
• Exercise a hotel conversion, disputed management fee, loyalty true-up, blocked remittance and late central recharge.
• Transfer the recovered estate after three closes and successor resolution of an unfamiliar multi-party imbalance.

Candidate qualifications

• Held senior intercompany accounting authority in a global hospitality, travel or similarly distributed service group.
• Recovered high-volume bilateral balances across management fees, loyalty, shared services, procurement and cash pooling.
• Governed mirrored accounting, cut-off, currency, disputes, net settlements, eliminations and aged-item disposition.
• Worked across owned, leased and managed entities whose contractual and operational responsibilities differed materially.
• Preserved boundaries among accounting, transfer pricing, treasury, hotel operations and independent external audit.
• Handed recovered intercompany processes to permanent leadership through live closes and new-property scenarios.

Non-negotiables

• Available within two weeks for full-time Bangkok leadership and targeted travel to regional shared-service locations.
• Direct recovery of complex multi-entity intercompany accounting is required; consolidation review alone is insufficient.
• No undisclosed relationship may involve management companies, shared-service vendors, tax advisers or the external auditor.
• Will reject unsupported balances and consolidation plugs even when bilateral correction delays close completion.

1. 49 words maximum. Describe an intercompany break whose apparent currency cause concealed a service-period error.
2. 49 words maximum. How did you clear aged bilateral balances without using a group consolidation plug?
3. 49 words maximum. Which hotel-conversion scenario would you use to test the incoming leader?