Job ID: 1803375 Job Function: Finance Audit Location: Parsippany, New Jersey United States Brand / Resort: Wyndham Hotel Group Schedule: Full-time Auditor, Internal 15 Mar 2018 Theres no one else like us. Wyndham Hotel Group is a hotel industry giant with an unmatched presence of more than 8,100 hotels and approximately 708,500 rooms in 78 countries. Were a hospitality powerhouse, with iconic brands united by the richest and simplest rewards program in the business. Our brands include: Super 8?, Days Inn?, Howard Johnson?, TRYP by Wyndham?, Ramada Worldwide?, Ramada Encore, Microtel Inn & Suites by Wyndham?, Hawthorn Suites by Wyndham?, Wingate by Wyndham?, Travelodge?, Knights Inn?, Baymont Inn & Suites?, Wyndham Garden?, Wyndham Hotels and Resorts?, Wyndham Grand?, Dazzler? Hotels, Esplendor? Boutique Hotels, The Trademark Hotel Collection?, AmericInn? and Dolce Hotels and Resorts?. The blue thread that ties them all together is Wyndham Rewards?, the richest and simplest rewards program in the business. Wyndham Rewards has revolutionized the loyalty landscape, offering members a simple-to-use, generous points-earning structure along with a flat, free night redemption rate the first of its kind for a major rewards program. Wyndham Rewards? members over 53 million and counting have the chance to earn and redeem points for hundreds of rewards options around the world every day. Headquartered in Parsippany, N.J., with offices around the globe in London, Shanghai, Buenos Aires, Dubai and other cities, Wyndham Hotel Group employs over 8,800 associates worldwide. Summary Reporting to the Manager of Audit, the Internal Auditor will have a lead role in performing franchise revenue audits, Sarbanes-Oxley (SOX) audits, and other ad-hoc assignments deemed necessary in review of the Wyndham Hotel Group division. The Internal Auditor will independently plan and execute on-site, virtual, and Nightly Transmission (NT) franchise revenue audits; with required annual travel of 30-35%. The Internal Auditor will utilize a risk-based approach to complete audit testing to ensure franchisees are properly reporting revenues in accordance with their Franchise License Agreement, Brand Standards, and any special stipulations or addendums. Additionally, the Internal Auditor will perform Sarbanes-Oxley (SOX) audits as needed, consisting of gaining an understanding of the companys business processes, risks, and testing internal controls that exist to confirm whether or not they are operating effectively for the company. The Internal Auditor will document audit results, prepare audit workpapers, and communicate audit findings/observations to Internal Audit management, senior leadership, and other key stakeholders within the company. Further, the Internal Auditor will issue written reports outlining the audit findings and identifying any recommendations that should be implemented to improve the companys internal control procedures. Responsibilities Franchise Revenue Audits: Independently plan and execute On-site, Virtual, and Nightly Transmission (NT) audits. * Creating the audit pipeline using risk-based criteria to identify high risk hotel properties.. * Drafting and sending audit confirmation letters prior to performing the on-site, virtual, and NT audits to inform property owners that an audit will be conducted and note which financial records and requested supporting documentation will be required to complete the audit. * Leading the audit process by testing franchisees financial information and verifying operational procedures are in accordance with the franchise agreements and company brand standards. * Documenting audit testing and results that is reviewed by management. * Communicating and discussing preliminary audit findings with franchise owners, general managers, and senior leaders within the Brand Operations, Legal, and Finance teams. * Providing guidance to franchise owners and general managers regarding proper procedures for accurate revenue reporting, which impacts franchise fee revenue recognized by company. SOX Audits: Complete SOX audit planning, fieldwork, and reporting procedures. * Lead audit walkthroughs and document business process narratives and flowcharts. * Independently perform audit fieldwork testing procedures and prepare audit workpapers. * Draft and communicate audit observations and recommendations to Internal Audit management, senior leadership, and business process owners Ad-hoc Assignments: * Preparing and submitting the weekly audit billings and credits to the Billing team after the Audit Managers review and approval. * Collaborating with the Collections team to review outstanding audit invoices in an effort to collect payment from franchisees. * Creating internal team monthly reports including weekly summaries of audit billings and credits, as well as, the audit forecast and budget for review by the Audit Manager, VP of Audit, and senior leadership. * Reviewing standard operating policies and procedures for the team, as well as, audit process flowcharts and methodologies to ensure they remain up to date. Development: Staying abreast with current company, industry and accounting changes. * Participating in department training opportunities. * Mentoring, coaching, and training new team members. Administrative Assignments: Perform administrative functions as assigned. * Monitoring the Hotel Audit Services team email inbox on a daily basis to respond to inquiries regarding current and past franchise revenue audits completed. Qualifications Complexity The Internal Auditor position will require the ability to work in a dynamic business and financial environment. The individual will have to use their multitasking skills to work on various collaborative assignments as well as autonomous audit projects depending on the franchise revenue and SOX audits, as well as, any ad-hoc assignments being performed. The position currently has no supervisory responsibilities; however, is highly concentrated on working with several key internal and external parties which will have to be managed in order to timely and effectively finalize and report on the audit findings. Scope/Financial Responsibility The Internal Auditors primary roles are to perform the duties related to Franchise Revenue audits and assist with annual SOX audit procedures. Review over the franchisees revenues and the companys internal controls have a direct impact on Wyndham Hotel Groups financial results. The individual will be responsible for taking the lead on documenting, reporting, and following up on all audit findings. All audit findings should be addressed to recover unreported franchise revenue, as well as, to work with the business to follow up on remediation plans and/or enchantments to the control environment. Abilities/Key Competencies/Skills The Internal Auditor must be able to work independently as well as collaboratively with internal and external business personnel. The position requires the ability to multitask and to work with deadlines and under pressure. The Internal Auditor must have strong interpersonal skills, as well as possess excellent oral and written communication skills in order to effectively interact with various members of the Wyndham team, Franchisees, and External Auditors. This individual should have strong time management and organization skills. An understanding or ability to learn the business structure and processes is key in assisting in preparing various reports that address audit findings. The candidate must have the ability and willingness to travel 30-35% of the year for on-site franchise revenue audits. Experience/Certificates/Education * Bachelors degree in Accounting or Finance required. * A minimum of 18 months-3years of auditing, accounting, and/or finance experience required. * Experience in the hospitality industry and/or prior audit experience within the hospitality or franchise industry is desirable, but not essential. * Although not required, CPA or other business certification is a plus. * The candidate should have an interest in learning business processes, auditing principles, internal controls, and system controls in a hospitality environment. * Excellent time management, organization, and customer service skills are required.