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Staff Accountant

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POST DATE 9/18/2016
END DATE 10/18/2016

Hilton Worldwide Mclean, VA

Company
Hilton Worldwide
Job Classification
Full Time
Company Ref #
hc.7DCA4C5D32553860
Location
Mclean, VA
Experience
Entry Level (0 - 2 years)
Job Type
Regular
AJE Ref #
576213056

JOB DESCRIPTION

Hilton is currently recruiting and hiring for a Staff Accountant. Depending on time of this hire, the successful candidate may be employed by a Hilton entity on an interim basis, but Hilton anticipates that, at some point this year, this position will become a part of Park Hotels & Resorts Inc. (or one of its subsidiaries), an entity that will be spun off from Hilton as an independent, public company real estate investment trust. Summary of role: 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. Additionally, the Accountant may assist with accounting for fixed assets, debt, cash and joint venture accounting. The Accountant may also be asked to assist with corporate accounting activities. What will I be doing? The Accountant 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 and develops. Other key priorities are listed below: * Establish procedures and processes in relation to all aspects of hotel accounting and executes on the strategy for hotel accounting * 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 * Interface with stakeholders from other departments (Legal, Tax, Asset Management) * Interact with the hotel finance team, including that of third party managers * Manage the implementation and maintenance 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 Hilton World Wide Inc. is acting as an Employment Agency in relation to this vacancy.