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Loews Hotels & Co · 1 month ago

Project Accountant, Capital & Development Projects

NYC Metro Area

Full-time

Hybrid

Entry, Mid Level

$72K/yr - $90K/yr

2+ years exp

Loews Hotels & Co, headquartered in New York City, is seeking a Project Accountant to support their Home Office leadership in driving financial excellence across capital projects and new developments. The role focuses on ensuring financial integrity through precise reporting, compliance, and effective project closeouts, contributing to the overall success of the hospitality portfolio.

Travel

Hiring Manager

Annamaria Fink

Responsibilities

Effectively communicate with various discipline leaders regarding contract documents, change orders and other contract modifications and approvals

Coordinate and manage Purchase Orders/Commitments for contract and other applicable services ensuring compliance

Coordinate and manage change order requests in Oracle for line level budget changes per policy for capital, operating and development projects

Review vendor invoices per established Finance Policy

Manage vendors and contractor relationships as it relates to invoice and payment information; Investigate queries and follow up for timely payment

Update and maintain Project Final Cost (PFC) Reports and cash flow projects for all projects

Verify all data for accuracy on the PFC Reports

Prepare monthly invoice/draw package (when applicable) including all applicable backup for new development projects

Support the Project Manager in preparation of contracts and supporting documents in pay application review and approval

Review open PO and Project Close Out Aging report for support projects

Attend monthly PFC Report review meeting with project management team

Prepare daily, weekly and monthly project status reports and exception reporting

Provide analytical support to effectively manage capital project cash flow and expenditures

Prepare and submit miscellaneous project cost postings in Oracle

Review contract related Purchase Requisitions to ensure requests follow the Contract and Purchasing Policy

Maintain change log and facilitate change orders when necessary

Maintain Contract Project Tracker

Ensure Purchase Order numbers are entered in Docusign CLM

Monitor payables module and ensure invoice holds/exceptions are addressed on a weekly basis

Liaison with Accounts Payable and Financial Services Center team members to troubleshoot Oracle Project/PO related questions

Assist with any updates to Loews Hotels Policies & Procedure Manual as needed

Attend all required training sessions and meetings

Perform other duties as assigned

May be required to work varying schedules to reflect business needs

Regular attendance in conformance with company policy and standards

Qualification

Project AccountingOracleConstruction Management SoftwareFinancial ReportingMicrosoft OfficeDetail-orientedTime ManagementCommunication SkillsInterpersonal Skills

Required

Bachelor's degree in finance, accounting, or relevant/similar discipline required

2 4 years of project accounting or similar experience required

Must have understanding and knowledge of basic accounting principles

Advanced computer skills, specifically in construction management software and Microsoft Office (Excel, Word, PowerPoint, Teams); experience with databases

Demonstrated ability to work with cross-functional teams and senior stakeholders

Strong written and verbal communication skills and interpersonal skills

Must be highly detail oriented with the ability to manage large volumes of data

Excellent time management skills

Willingness and ability to travel approximately 10% of the time