Senior Real Estate Accountant

About the Role

Perform monthly review of the financial reporting packages received from hotel management companies for Choice’s portfolio of owned operating hotels and joint ventures. This includes analyzing detailed income statements, balance sheets, and account reconciliations for financial performance and trends, as well as preparing quarterly waterfall calculations under the equity method of accounting.

Responsible for daily activities related to real estate and development projects, including review of draw packages for bank or capital call funding and tracking development costs for Choice’s portfolio of hotels under development. Act as a liaison between Choice team members and management companies to ensure hotel properties comply with US GAAP and USALI.

Prepare monthly and quarterly journal entries to consolidate 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. Participate in the periodic Financial Reporting process, including preparation of Choice’s quarterly and annual SEC filings.

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 packages for owned hotels and consolidate into corporate financial statements.
• Develop relationships and collaborate with internal stakeholders (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 monthly consolidation and facilitate proper recording of accounting transactions.
• Prepare quarterly 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 to achieve month-end and quarter-end accounting close deadlines.
• Assist in the execution of quarterly reviews and annual audits of owned hotel properties and managed joint venture entities by independent accounting firms.
• Assist in drafting footnote support for quarterly and annual reports on Form 10-Q’s and 10-K’s.
• Ensure compliance with Sarbanes-Oxley regulations and internal policies, including execution of internal controls and participation in testing by internal and external audit staff.

Requirements

• Bachelor’s degree in Accounting or Finance.
• CPA preferred, with an active License.
• Minimum of 4+ years’ experience, including at least 2+ years with a public company and public accounting firm.
• Experience in Real Estate Construction and Property accounting preferred.
• Experience with Oracle Fusion Cloud ERP/EPM and/or other general ledger (G/L)/ERP financial systems preferred.

Skills

• Excellent interpersonal skills and ability to work as a team player.
• Strong analytical skills and knowledge of US GAAP; familiarity with USALI is a plus.
• Ability to uphold Choice’s Values & Performance Principles: collaboration, performance excellence, sense of urgency, openness to new ideas, inclusion & diversity, integrity, customer focus, and respect.

Benefits

• Comprehensive benefits program 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.

Pay

The salary range for this position is $86,886 - $102,219.