Sr. Analyst, Accounting & Reporting

Sr. Analyst, Accounting & Reporting page is loaded## Sr. Analyst, Accounting & Reporting locations:
Park Hotels & Resorts Headquarters time type:
Full time posted on:
Posted 2 Days Agojob requisition :
R001152

Park Hotels & Resorts invests not only in properties, but also in people. We attract visionary and collaborative team members who love being value creators. Full of pride and possibility, our team is experienced, supportive, and best in class. Take your career further by joining a place that’s powered by people. Enjoy a level of loyalty and comfort that inspires career fearlessness and fosters creative freedom.

At Park, you’ll find career opportunities as impressive as the world-class properties in which we invest. We look forward to receiving your application today.
* Responsible for monthly close in accordance with Generally Accepted Accounting Principles (GAAP) and/or local accounting standards, as well as the company’s own accounting policies, to include recording of journal entries, analysis, inquiries, and review.
* Reviews and performs the accounting activities associated with hotel operating activity, including proper recording of fees, working capital and intercompany lease expense.
* Perform variance analysis against prior year, forecasts and budgets as necessary.
* Review and analyze the hotel’s operational balance sheet reconciliations prepared by third party managers.
* Prepare balance sheet reconciliations for ownership balance sheet accounts.
* Calculate and account for hotel ownership expenses, including real estate taxes, property insurance, ground leases, etc.
* Responsible for having a good working knowledge of the related legal agreements and, with coaching from their supervisor, ensuring that transactions are accounted for in compliance with the terms of the applicable agreements, that risks associated with the contracts are assessed and minimized, and decisions are evaluated against the appropriate agreements.
* Collaborates with stakeholders from other departments (Legal, Tax, Asset Management, Investments, D&C, HR) and engages with the hotel finance team, including that of third party managers.
* Understanding of accounting internal control policies and procedures to ensure the internal control environment is maintained for all aspects accounting and provides supporting documentation to internal and external auditors regarding completion of control procedures.
* Provide information to internal and external auditors and other third-party vendors to provide requested documentation supporting accounting transactions.
* Disseminate, organize and communicate regarding assignments and projects within the department and with senior leaders/constituents from other departments.
* Implement team goals to ensure strategies and directives of department are carried out and in accordance with department and company objectives.
* Review capital budgets and requests to ensure assets are being capitalized in accordance with GAAP and Company policy.
* Ensure assets in the fixed asset system are being depreciated or amortized in the appropriate asset category with the correct lives.
* Monitor balances in Construction in Progress (CIP) to ensure assets are being transferred from CIP to the Fixed Asset system to begin depreciating when projects are completed and in service.
* Participate and/or assist the supervisor in special projects such as hotel sales, hotel purchases, debt refinancing, and any other aspects related to accounting for the company’s hotel portfolio or as directed by management.
* Assist in internal audit activities and hotel site visits.
* This is a full-time, on-site position located in McLean, VA, with a schedule of Monday–Thursday in person and optional remote work day on Friday. Working one weekend each quarter may be required to meet established deadlines.
* BA/BS/Bachelor's Degree
* 3-5 years of related experience
* Proficient computer experience in an Accounting General Ledger system, Microsoft Excel, Word, and Windows
* Must be able to work extended hours as needed
* MA/MS/Master's Degree
* Certified Public Accountant (CPA)
* 5-7 years of experience
* 2+ years of supervisory experience
* 2 or more years working in a corporate accounting environment.
* 2 or more years of hospitality industry and/or real estate investment trust experience
* Experience working in an accounting environment using Oracle Fusion and Smartview
* Experience in fixed asset accounting

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, ethnicity, citizenship, disability, protected veteran status or any other category protected by federal, state or local law.

Tysons,Virginia
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