Staff Accountant, Capital Projects

Park US Lessee LLC; United States; Hybrid; USD 65,000 - 85,000; Full time

Job summary

Park Hotels & Resorts is seeking a Staff Accountant, Capital Projects to own the CAPEX lifecycle across a multi-hotel portfolio. You will apply GAAP, input CAPEX invoices, and maintain fixed asset reporting.

Based in Tysons, VA with in-person work Monday–Thursday and optional remote on Friday, the role partners with Accounts Payable, Asset Management, and Hotel Accounting to drive accurate capitalization and reporting.

Qualifications

• Bachelor's degree in Accounting or Finance.
• Experience with reconciliations, journal entries, and close activities.
• Proficiency in Excel and data analysis functions.
• Experience with fixed asset accounting and capitalization processes.

Responsibilities

• Evaluate contracts and invoices for proper GAAP accounting treatment.
• Input and code CAPEX invoices in the accounting system.
• Maintain capital projects in the accounting system from inception to capitalization.
• Monitor CIP accounts and coordinate capitalization of completed assets.
• Prepare monthly and quarterly fixed asset reporting deliverables (journal entries, reconciliations, depreciation forecasts).
• Assist with monthly fixed asset rollforward preparation.
• Investigate variances and unusual transactions and recommend resolutions.
• Collaborate with cross-functional stakeholders on fixed assets and capitalization questions.
• Identify process improvements and strengthen internal controls in capital projects workflows.

Skills

Excel

Education

Bachelor's degree in Accounting or Finance

Tools

Oracle Cloud ERP

Job description

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. The Staff Accountant, Capital Projects is a core member of the Accounting team, responsible for the integrity and accuracy of the Company's capital expenditure reporting across a dynamic portfolio of hotels. This role owns the full CAPEX lifecycle — from contract and invoice analysis through asset capitalization, depreciation forecasting, and fixed asset reconciliation — and is expected to exercise sound accounting judgement at every stage. The Staff Accountant operates with a high degree of independence, applying GAAP and the Company's capitalization policy to evaluate and input invoices, resolve discrepancies, and ensure that capital activity is reflected accurately and on time. This position serves as a key partner to Accounts Payable, Design and Construction, Asset Management, Hotel and Corporate Accounting, and works directly with the accounting staff at the individual hotels – requiring the ability to communicate clearly and collaborate effectively across a complex, multi-entity environment. This is a full-time position with in-person requirements Monday through Thursday and optional remote work available on Friday.

What will I be doing?

• Apply accounting knowledge and professional judgment to evaluate contracts and invoices, determining appropriate accounting treatment in accordance with GAAP and the Company's fixed asset capitalization policy.
• Input and code CAPEX invoices in the accounting system.
• Establish and maintain capital projects within the accounting system with full ownership of accuracy, coding integrity, and lifecycle reporting — from project inception through capitalization of the completed project.
• Monitor construction-in-progress (CIP) accounts and activity and coordinate timely capitalization of completed assets.
• Prepare monthly and quarterly hotel fixed asset reporting deliverables, including but not limited to journal entries, account reconciliations, CAPEX accrual analyses, and depreciation forecasts.
• Assist Director, Project Accounting with the preparation of the monthly fixed asset rollforward.
• Investigate variances, unusual transactions, and account fluctuations and be able to independently research issues and recommend appropriate resolutions.
• Partner with cross-functional stakeholders to address fixed asset or project-related capitalization questions and ensure reporting is complete and accurate.
• Identify opportunities to improve processes, strengthen internal controls, and increase efficiency within capital project accounting workflows.
• Contribute to broader accounting and financial reporting initiatives as the team's and Company’s needs evolve.
• Complete additional projects and assignments as needed.

What qualifications do I need?

• Bachelor's degree in Accounting or Finance Minimum 1 years experience in Accounting with responsibility for reconciliations, journal entries, account analysis and close activities
• Demonstrated ability to analyze financial data, identify discrepancies, investigate root causes, and recommend appropriate accounting treatment.
• Ability to succeed in an intensely deadline-oriented environment with multiple priorities
• Proficiency in Excel, including lookups, pivot tables and data analysis functions

What capabilities would it be advantageous to have?

• 2-5 years experience in Accounting
• Experience working with Oracle Cloud ERP
• Experience in fixed asset accounting and reconciliation
• Experience in a multi-ownership, multiple business unit environment
• Understanding of REITs

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 Park Hotels & Resorts Inc. is one of the largest publicly-traded lodging real estate investment trusts (REIT) comprised of a geographically diverse portfolio of hotels and resorts with significant underlying real estate value. Our portfolio consists of 30* premium-branded hotels and resorts with nearly 22,000* rooms located in prime U.S. markets with high barriers to entry. Approximately 90% of our portfolio is in the luxury or upper upscale segment and 100% is located in the U.S., including locations in 13 of the top 25 markets. Nearly 80% of our portfolio is located in the central business districts of major cities or resort or conference destinations. We affiliate with leading brands such as Hilton, Marriott and Hyatt, and we partner with both brand and third-party operators. Park was established as an independent company on January 3, 2017, following its spin-off from Hilton. On September 18, 2019, Park acquired Chesapeake Lodging Trust, adding premium-branded hotels and resorts located in prime markets such as San Francisco, Boston, Miami and Los Angeles. Our headquarters are located in Tysons, Virginia and our ticker symbol on the New York Stock Exchange is "PK." Park Hotels & Resorts is an equal opportunity employer.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.