Director, Technical Accounting

Travel + Leisure Co.•Orlando, FL

9d•Onsite

About The Position

The Director, Technical Accounting will be principally responsible for providing leadership and strategic direction for the Vacation Ownership segment related to all aspects of US GAAP financial reporting, external SEC reporting, Sarbanes Oxley compliance, accounting analysis and modeling for prospective strategic transactions and acquisitions, technical accounting research, development of accounting positions, and other analysis and reporting requirements. Additionally, the Director will direct the day-to-day operations of the corporate accounting team for the Vacation Ownership segment. This entails managing month-end and quarter-end close processes, overseeing the accounting for all operating and capital leases, allocations, P-Card, Concur accruals, tax provisions, monthly rent, intercompany transactions, goodwill and intangible asset analysis, and foreign entity currency translations. They will direct staff activities by reviewing balance sheet reconciliations and journal entries, allocating resources properly to ensure deadlines are adhered to, and providing guidance and training to staff and liaise with department leaders across the Company to resolve accounting issues relating to business deals, complex transactions, and other accounting topics. The Director will oversee the external audit process related to the Vacation Ownership segment. Meet regularly with the external audit team, directs audit requests, and provides timely responses to inquiries.

Requirements

US GAAP financial reporting
External SEC reporting
Sarbanes Oxley compliance
Accounting analysis and modeling for prospective strategic transactions and acquisitions
Technical accounting research
Development of accounting positions
Month-end and quarter-end close processes
Accounting for all operating and capital leases
Allocations
P-Card
Concur accruals
Tax provisions
Monthly rent
Intercompany transactions
Goodwill and intangible asset analysis
Foreign entity currency translations
Reviewing balance sheet reconciliations and journal entries
Lease accounting database in CoStar system
Revenue recognition
Expense recognition
Cash flow treatment
Balance sheet classifications
Consolidation process
Unclaimed Property process
Inventory roll-forward summary file
Non-cash transfer file
Quarterly reporting packages for SEC filings
Balance sheet and income statement flux analysis
Impairment evaluation for long-lived assets, intangible assets and goodwill
Government and industry surveys
Vacation Ownership segment disclosures within 10-Q /10-K filings
MD&A section for 10-Q / 10-K filings
Footnote disclosures within 10-Q / 10-K filings
Representation letters
US GAAP compliance checklist
Standalone financial statements for Debt Covenant Compliance Certificate
Debt offering circulars
Internal and external controls
Auditor requests
Passed adjustments
Company risk of material misstatements

Nice To Haves

Hospitality is at the heart of all we do at Travel + Leisure Co. Here, you’ll find an inclusive environment where we deliver excellence and take time to have fun, celebrate together, and support one another. We're always looking ahead to what’s next and how we can strengthen our business, its neighboring communities, and the customer experience. Join our global team and build a career where memories start with you.

Responsibilities

Work closely with the product and business development teams, conducting technical accounting and reporting research and analysis to develop accounting positions for new products or changes to existing products, contractual relationships to ensure proper revenue recognition, expense recognition, cash flow treatment and/or balance sheet classifications
Leads monthly meetings with accounting, finance, real estate, strategic development & acquisitions, and legal departments to discuss upcoming business transaction and ensure appropriate recording and classification
Leads monthly meetings with Corporate Real Estate to review all new, amended, and/or renewed leases
Responsible for the lease accounting database in CoStar system
Research complex accounting issues and effectively communicate findings to Senior Leadership
Review and approve Project Funding Requests (PFRs) involving lease components
Prepare memorandums to document accounting positions for significant transactions
Present accounting positions to external auditors to ensure appropriate accounting treatment, documentation, and compliance
Manages the month-end financial close process for the Vacation Ownership segment
Leads the monthly consolidation process
Reviews direct reports monthly journal entries and balance sheet reconciliations
Oversees the accounting for all Vacation Ownership segment leases, ensures appropriate lease classification, and prepares lease schedules for external reporting purposes
Leads monthly meetings with the Vacation Ownership international accounting teams to communicate upcoming deadlines, discuss current transactions, month-end close status, and any potential accounting issues
Reviews and approves up to 100+ invoices for payment each month and oversees the monthly process to pay office rent at various corporate and sales offices
Oversees the Unclaimed Property process and collaborates with vendor on identifying and clearing outstanding checks
Prepares monthly inventory roll-forward summary file for the Inventory Management team
Reviews monthly non-cash transfer file
Reviews the quarterly reporting packages for the Vacation Ownership segment to support SEC filings
Present balance sheet and income statement flux analysis to Senior Leadership
Prepares accounting memorandums to document quarterly impairment evaluation for long-lived assets, intangible assets and goodwill.
Manages the completion of several government and industry surveys on a quarterly and annual basis
Responsible for the Vacation Ownership segment disclosures within 10-Q /10-K filings with the SEC
Preparation of the MD&A section for the Vacation Ownership segment within the organization’s 10-Q / 10-K filings with the SEC
Reviews footnote disclosures within the organization’s 10-Q / 10-K filings with the SEC
Reviews representation letters from unit/area leaders, consolidates responses and communicates any passed or out of period adjustments to senior management, and signs the representation letter for the consolidated Vacation Ownership segment
Prepares quarterly US GAAP compliance checklist memorandum to document the Company’s consideration and accounting position on new accounting pronouncements
Completes the annual US GAAP compliance checklist for the Vacation Ownership segment
Prepares quarterly standalone financial statements for Debt Covenant Compliance Certificate
Assists with preparation and review of debt offering circulars
Manage internal and external controls and Auditor requests
Manage internal and external audit requests for the Vacation Ownership segment and inform auditors of non-routine transactions
Meet weekly with external auditors to discuss any upcoming/outstanding PBC request items and assist with distributing requests
Track summary of passed adjustments and monitor company risk of material misstatements
Prepares quarterly documentation of passed disclosures for the Vacation Ownership segment
Ensures Vacation Ownership controls are documented and operating effectively