Staff Accountant

Park Hotels & Resorts
Mclean, VA
Sep 15, 2017
Sep 20, 2017
Full Time
What will I be doing?The Staff Accountant is responsible for the accounting function for the company's hotel portfolio. This involves interaction with hotel finance teams and ensuring the accounting is completed in accordance with accounting pronouncements and legal agreements for these hotels. The Analyst is responsible for monitoring status and completion of all tasks, ensuring timely completion in accordance with established deadlines, and reporting to accounting leadership and other internal and external parties. Additionally, the Analyst may assist with accounting for fixed assets, debt, cash and joint venture accounting. The analyst may also be asked to assist with corporate accounting activities.Primary responsibilities of this position include:Responsible for monthly close of financial statements related to assigned hotel portfolio 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.Review 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.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.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.Interfaces with stakeholders from other departments (Legal, Tax, Asset Management).Understanding of accounting internal control policies and procedures to ensure the internal control environment is maintained for all aspects of hotel operations accounting and provides supporting documentation to internal and external auditors regarding completion of control procedures.Coordinate with internal and external auditors 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 and manage team goals to ensure strategies and directives of department are carried out and in accordance with department and company objectives.What qualifications are needed?Minimum two years experience in Finance and AccountingProficiency in Microsoft Excel, Word and WindowsAbility to work extended hours as neededWhat will it be like to work for Park Hotels and Resorts? Park Hotels & Resorts ("Park"), is a leading lodging real estate company with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Its high-quality portfolio consists of 67 premium-branded hotels and resorts with nearly 36,000 rooms located in prime US and international markets with high barriers to entry. Over 85% of Park's rooms are luxury and upper upscale and nearly 90% are located in the United States, including 14 of the top 25 markets as defined by Smith Travel Research (STR). Over 70% of its rooms are located in the central business districts of major cities and resort/conference destinations. With $2.7 billion of revenue, $817 million of Adjusted EBITDA and $299 million of net income in 2015, Park will be the second-largest publicly traded lodging REIT. Park is focused on generating attractive long-term total returns by enhancing the value of its exceptional properties and utilizing its scale to efficiently allocate capital while maintaining a strong and flexible balance sheet.

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