Project Accountant, Capital & Development Projects

Headquartered in New York City, located in the heart of Midtown Manhattan, our Loews Hotels & Co Home Office teams support our properties throughout the United States. Our talented teams provide guidance over strategic planning, operations, revenue management, communications, sales, development, brand marketing, finance, human resources and information technology.

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Who We Are:

Founded in 1960, Loews Hotels & Co operates iconic hotels and resorts across the U.S. Together, our diverse and welcoming teams craft exceptional experiences in iconic destinations.

Growth and belonging start here; you'll be valued for who you are and the goals you have. Whether your next career chapter involves making memories for guests or supporting our properties in our Corporate Office, every role from Guest Services to Finance, Culinary to IT offers opportunities to grow and make a meaningful impact.

Creating a Team Member experience where you belong no matter what race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status that makes you, you is a daily focus for us.

What We Offer:

• Competitive health & wellness benefits, 401(k) & company match
• Paid Sick Days, Vacation, and Holidays, Paid Bereavement
• Pet Insurance and Paid Pet Bereavement
• Training & Development opportunities, career growth
• Tuition Reimbursement
• Team Member Hotel Rates, other discounts, perks and more
• Many of our Leadership positions are bonus eligible

What We're Looking For:

As a Project Accountant, you'll be a strategic partner to our Home Office leadership, driving financial excellence across centrally managed capital projects and new developments. Your work will shape the financial integrity of our initiatives, ensuring precision in reporting, compliance in execution, and seamless project closeouts. This role contributes directly to the success of our hospitality portfolio by elevating finance operations and continually enhancing controls and reporting.

Who You Are:

• A proactive financial partner who collaborates seamlessly with leadership to drive project success from budgeting to closeout
• Detail-driven, ensuring accuracy and compliance across complex capital and development initiatives
• A strategic thinker who brings clarity to financial reporting and elevates project controls through smart analysis
• A clear and confident communicator who builds trust across departments and vendors with clear, timely, and solution-oriented dialogue
• Results-focused, thrives in fast-paced environments and takes pride in delivering financial excellence in hospitality projects
• Veterans and military spouses are encouraged to apply

What You'll Do:

Project Tracking & Accounting (Includes Centrally Managed Projects and New Development Project Accounting)

• 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

Reporting & Month End Journal Entries

• 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

Contracts

• 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

Project Management - Oracle

• 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

Other

• 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

Your Qualifications Include:

• 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
• Previous experience in Facilities/Construction and/or similar field preferred
• 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

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Salary range for this position, based on experience, is $72,000.00 to $90,000.00.