Senior Real Estate Accountant

Job description

JOB SUMMARY: Perform monthly review of the financial reporting packages received from hotel management companies for Choice’s portfolio of owned operating hotels and joint ventures, including analyzing the detailed income statements, balance sheets and account reconciliations for financial performance and trends, and preparing the quarterly waterfall calculations under the equity method of accounting. Responsible for performing daily activities for real estate and development projects including review of draw packages for bank or capital call funding, tracking development costs for Choice’s portfolio of hotels under development. Work as a liaison between Choice team members and the management companies to ensure hotel properties are in conformity with US GAAP and USALI. Prepare monthly and quarterly journal entries to consolidate the hotel operations and development and record equity earnings for joint ventures into Choice’s general ledger. Prepare monthly and quarterly financial statements for joint ventures. This position will also participate in the periodic Financial Reporting process, including the preparation of Choice’s quarterly and annual SEC filings. Note: This role is onsite in North Bethesda, MD and is not eligible for visa sponsorship now or in the future** RESPONSIBILITIES: Prepare monthly review and analysis of financial reporting package of owned hotels and consolidate into corporate financial statements. Develop relationships and collaborate with internal stakeholders (including the Accounting, Billing, Financial Systems, Real Estate Investment and Asset Management, Brands, Tax, Treasury, and Financial Planning and Analysis teams) and coordinate with third-party hotel management companies to prepare the monthly consolidation and facilitate the proper recording of accounting transactions. Prepare quarterly calculation of joint venture waterfall calculations. Prepare monthly and quarterly financial statements for joint ventures. Prepare and review loan reserve calculations in accordance with ASC 326 (Current Expected Credit Loss (CECL) standard). Provide supporting documentation to the Accounting and Financial Reporting teams in order to achieve the month-end and quarter-end accounting close deadlines. Assist in the execution of the quarterly reviews and annual audits of owned hotel properties and managed joint venture entities by independent accounting firms. Assist in the drafting of the footnote support for the quarterly and annual reports on Form 10-Q’s and 10-K’s. Ensure compliance with Sarbanes-Oxley regulations and internal policies, including the execution of internal controls and the participation in testing by internal and external audit staff. QUALIFICATIONS: Employment Experience Position requires a mix of corporate and public accounting experience of at least 2+ years’ experience with a public company and public accounting firm, with a total of 4+ years’ experience. Experience in Real Estate Construction and Property accounting preferred. Technical Skills Experience with Oracle Fusion Cloud ERP/EPM and/or other general ledger (G/L)/ERP financial systems preferred. Additional Skills & Competencies Individual must have excellent interpersonal skills. Individual must be a team player. Analytical skills and knowledge of US GAAP. Familiarity with USALI is a plus. Must be able to uphold Choice’s Values & Performance Principles of collaboration, performance excellence, sense of urgency, openness to new ideas, inclusion & diversity, integrity, customer focus, and respect. Education Requirements Bachelor’s degree in Accounting or Finance CPA preferred, with an active License. Salary Range The salary range for this position is $86,886 - $102,219. Choice prioritizes our associate wellbeing by offering a comprehensive benefits program that is both competitive and flexible to help you achieve your wellbeing goals - here are just a few: Competitive compensation and benefits, including medical, dental, and vision coverage Leave and paid time-off for holidays, vacation, personal, family, volunteer, sick, jury duty, bereavement, military, and religious observance Financial benefits for retirement and health savings Employee recognition programs Discounts at Choice hotels worldwide About Choice Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. With 7,500 hotels in 45+ countries and territories, we offer a range of high-quality lodging options in the upper upscale, upper midscale, midscale, extended stay, and economy segments. We’re the hotel company for those who choose to bet on themselves — the striver, the dreamer, the entrepreneur — because that’s who we are, too. At Choice, we are united by the simple belief that tomorrow will be even better than today — for associates, our company, and our franchisees. At our worldwide corporate headquarters in North Bethesda, Maryland, at our technology center in Scottsdale, Arizona, and through our associates around the globe, every voice is heard and every idea is listened to, no matter what area of the company they come from. We are united in supporting the entrepreneurial dreams of our thousands of franchise owners, which propels us forward — giving our work at Choice a purpose larger than our business. Our corporate office locations: North Bethesda, MD — Located at Pike & Rose , our worldwide headquarters is less than 15 miles from Washington, D.C., one block away from the North Bethesda Metro station, with easy access to I-495, complimentary parking, electronic charging stations, restaurants and retail. Scottsdale, AZ — Located at the northwest corner of Loop 101, the Scottsdale office is home to our technology, eCommerce and customer service organizations, with easy access to complimentary parking, electronic charging stations, restaurants and retail. Minneapolis, MN — Select roles are based in our Minneapolis office on Highway 394, near the intersection with Highway 100, only five minutes from downtown. Field/Remote — Select roles designated as field/remote will require associates to work from a home office, connecting virtually with Choice team members and leadership on Zoom, with possible required travel depending on the role. Choice’s Cultural Values Welcome and Respect Everyone | Be Bold | Be Quick | Listen | Be Curious | Show Integrity Choice’s Leadership Principles Act with Intention | Lead with Authenticity | Grow & Deliver