Title: Financial Analyst
Location: United States of America-Tennessee-Memphis
Job Number: 188706
The Financial Analyst will perform the finance, accounting and operational support activities for fifteen (15) to twenty (20) company managed properties.
What will it be like to work for this Hilton Worldwide Brand?
Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For nearly a century, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. Hilton Worldwide is dedicated to continuing its tradition of providing exceptional guest experiences across its ten global brands, which include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®.
If you appreciate the impact global travel can have on the world and know how to offer an exceptional hospitality experience, you may be just the person we are looking for to work as a Hilton Worldwide Team Member.
What will I be doing?
The Financial Analyst duties will include monthly financial reporting and analysis, forecasting, budgeting, cash flow analysis, asset management, ensuring compliance with legal contracts and agreements for assigned properties. The Team Member will be the primary corporate contact for hotel personnel and many ownership groups as well as performing routine responsibilities with no supervision or review that is necessary. It is expected that the Team Member will perform routine responsibilities with moderate supervision and make routine and non-routine decisions with guidance from a supervisor.
Other key priorities are listed below:
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Monthly close of financial statements related to assigned hotel portfolio in accordance with Generally Accepted Accounting Principles (GAAP) and with Hilton Worldwide accounting policies to include recording of journal entries, analysis, inquiries, and review
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Responsible for determining and prescribing accounting treatment for more complex transactions
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Preparation of Cash Flow Statements and analysis of cash position related to cash needs or excess cash distribution to ownership
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Preparation of Balance Sheet Analysis to assure the validity of all balance sheet account balances and the proper support for those balances exists and is readily available
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Analysis of capital reserve balances to include accurate calculation of reserve requirements as defined in Management or Debt Agreements. Properly fund capital reserves based upon accurate calculation of reserve requirements as defined in Management Agreements and/or Loan Documents
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Act as liaison and point of contact between/for Hotel Owners, Corporate and Hotel Personnel
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Monitor internal controls for individual hotels
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Receive and resolve inquiries or problems for Hotels, Ownership, or other departments such as Bank Recon, Sales Tax, Payroll, A/P and Corporate
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Miscellaneous inquiries and projects requested from Hotel, Hotel Ownership, or Corporate
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Responsible for finalizing and reviewing the operating and capital budgets and working with Operations and internal customers in the resolution of issues
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Ensure that budgets are accurate in regards to fixed costs and other expenses on which our department takes ownership
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Work with supervisor to ensure that proposed budgets are ready to be presented to the owners and in some cases may participate in budget presentations
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Ensure that monthly forecasts are accurate in regards to fixed costs and other expenses on which our department takes ownership
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Perform variance analysis to assess the impact to the hotel, the owner, and to Hilton Worldwide
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Participate and/or assist supervisor in special projects such as Hotel sales, Hotel purchases, gain/loss of Management Contracts, debt refinancing, and leading departmental training
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Responsible for having a good working knowledge of the related legal agreements and , with coaching from their supervisor, ensuring that Hilton Worldwide and the individual hotel are in compliance with the terms of the applicable agreements, that risks associated with the contracts are assessed and minimized, and decisions are evaluated against contracts
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Prepare audit schedules for internal and external audits
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Ensure that audit reports are correct and complete
Qualifications:
What are we looking for?
Since being founded in 1919, Hilton Worldwide has been a leader in the hospitality industry. Today, Hilton Worldwide remains a beacon of innovation, quality, and success. This continued leadership is the result of our Team Members staying true to our Vision, Mission, and Values. To fulfill this role successfully, you must possess the following minimum qualifications and experience:
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BS/BA Bachelor’s Degree
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Minimum of two (2) years of related professional experience
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Experience using Microsoft Office Suite and Windows
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Ability to work extended hours if needed
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Ability to travel as needed
It would be advantageous in this position for you to demonstrate the following capabilities and distinctions:
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Experience using PeopleSoft Financials
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MS/MA Master’s Degree
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Certified Public Accountant (CPA)
What benefits will I receive?
Your benefits will include a competitive starting salary and, depending upon eligibility, a vacation or Paid Time Off (PTO) benefit. You will instantly have access to our unique benefits such as the Team Member and Family Travel Program, which provides reduced hotel room rates at many of our hotels for you and your family, plus discounts on products and services offered by Hilton Worldwide and its partners. After 90 days you may enroll in Hilton Worldwide's Health & Welfare benefit plans, depending on eligibility. Hilton Worldwide also offers eligible team members a 401K Savings Plan, as well as Employee Assistance and Educational Assistance Programs. We look forward to reviewing with you the specific benefits you would receive as a Hilton Worldwide Team Member. The above information is provided as a highlight of the major benefits offered to most full-team team members in the United States. All benefits listed may not be offered at all locations. This is not a summary plan description or official plan document.
Job: Accounting and Finance and Tax