Sr Analyst, Accounting & Reporting

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.

The Senior Analyst, Accounting & Reporting is responsible for the accounting function for the company's hotel portfolio, including several of the company's core 30 assets. 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 Senior Accounting & Reporting 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 Senior Accounting & Reporting Analyst will assist with accounting for ownership accounting activities including fixed assets, debt, cash, intercompany and joint venture accounting. This position will also be responsible for preparing supporting documentation to support the Company's consolidated and subsidiary financial statements and other regulatory reporting requirements.

What will I be doing?

General

• 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 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 and/or review balance sheet reconciliations for ownership balance sheet accounts.

• Calculate and acccount 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.

• Coordinate with 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 and manage team goals to ensure strategies and directives of department are carried out and in accordance with department and company objectives.

• Mentor and assist in training the junior level associates as necessary.

Project Accounting

• 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.

Financial Reporting

• Prepare the consolidated financial statements and other information included in quarterly and annual SEC filings, ensuring compliance with all reporting and disclosure requirements under US GAAP and the SEC, as applicable.

• Prepare subsidiary and other financial statements submitted externally to regulators, lenders and other parties for various reporting obligations, ensuring compliance with all reporting and disclosure requirements under US GAAP and other regulations, as applicable.

• Prepare the Company's quarterly earnings press release and provides the accounting function's input to and review of the earnings call script, Q&A documents, and investor presentations, partnering with Investor Relations, Financial Planning & Analysis, Operations Finance, and Business Analytics teams.

Other / Ad-hoc

• 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.

• Assist in internal audit activities and hotel site visits.

What skills and qualifications must I possess?

• Minimum 3 years of experience in Accounting

• BA/BS/Bachelor's Degree

• Proficient computer experience in an Accounting General Ledger system, Microsoft Excel, Word, and Windows

• Must be able to work extended hours as needed

• Ability to travel 10%

What additional skills would be advantageous?

• 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 joint venture accounting

• Experience in fixed asset accounting

• MS/MA/Master's Degree

• Certified Public Accountant

• 5-7 years of experience in Accounting

• Supervisory Experience

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