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Asst. Manager, Accounting- Banking Team

Posted November 23, 2022

Bethesda Marriott
Bethesda, MD
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About This Job

Job Number

22181705

Job Category

Finance & Accounting

Location

Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States VIEW ON MAP

Schedule

Full-Time

Located Remotely?

N

Relocation?

N

Position Type

Management


Job Summary

Corporate Financial Accounting (“CFA”) is a headquarter-based accounting department responsible for the accounting and reporting relating to Marriott’s investment, development, joint venture, foreign exchange and international banking activities. The Assistant Manager will assist in the accounting and financial reporting for Marriott’s foreign currency hedges and derivative transactions, as well as analyses of consolidated financial results due to foreign exchange.  Additionally, the position will support the department in partnering with multiple stakeholders to ensure delivery of department deliverables.  This position reports to the Senior Manager, CFA Banking Team.

CLS Expected Contributions and Responsibilities
  • Develop a solid understanding of the accounting and reporting for foreign currency transactions and financial statement translations to ensure compliance with ASC 830, Foreign Currency Matters. 
  • Provide assistance and training on a regular basis to finance/accounting colleagues across the globe regarding foreign currency issues.
  • Prepare analysis of company-wide impact to financial results driven by FX fluctuations and hedging activities; provide commentary and deliver reports to senior management and various groups within Global Finance.
  • Analyze enterprise-wide FX exposures, including those in foreign assets and liabilities, cash flow from international affiliates, as well as net investments in foreign subsidiaries, in support of Global Treasury in executing hedging strategies to manage FX risk.
  • Analyze foreign currency derivative instruments and determine the appropriate accounting treatment; work with Accounting Policy Group to ensure proper disclosure on forms 10-Q and 10-K.
  • Perform assessment of functional currency determinations for new international subsidiaries and branches.
  • Gather information on cumulative translation adjustment (CTA) for selected business units or operating units in support of potential divestiture transactions.
  • Perform accounting research and apply complex accounting concepts on ad-hoc transactions and projects.
  • Maintain systems and controls to ensure compliance with Marriott International policy (MIP 66) reporting requirements relating to foreign exchange.
  • Support internal and external audit requests regarding foreign currency transactions, foreign currency hedging transactions, and currency translation adjustments.
  • Act as a key contributor in the department’s continuous business process improvement efforts.
Skill Requirements
  • Solid understanding of accounting concepts and standards, with close attention to details
  • Strong software skills to extract and evaluate significant volumes of accounting data
  • Strong quantitative and qualitative analysis and research skills
  • Comfort with complexity, ambiguity, and change
  • Excellent verbal and written communication skills, promoting an environment that allows timely information flows and concise articulation of complex issues
  • Strong interpersonal and organizational skills to work in a team environment and maintain effective client relationships
  • Strong analytical and problem-solving skills with the ability to work independently and manage multiple time-sensitive assignments simultaneously
  • Positive attitude with high degree of initiative, personal responsibility, and integrity

Specific Candidate Profile

  • BS/BA in Accounting, Finance, or related discipline
  • CPA, MBA, or advanced degree in Accounting or Finance a plus
  • Three or more years of progressive job experience in accounting/finance field
  • Proficient knowledge of Microsoft Office applications, with strong focus on spreadsheet applications
  • International accounting experience a plus, but not required
  • PeopleSoft general ledger experience a plus, but not required

Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.

Marriott International is the world’s largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed.  We believe a great career is a journey of discovery and exploration.  So, we ask, where will your journey take you?

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About this Employer

Bethesda Marriott

5151 Pooks Hill Road
Bethesda, MD 20814

1-301-897-9400

407 Room Hotel

www.marriott.com

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Located northwest of Washington, DC, in Maryland's Capital Region, our Bethesda, Maryland hotel is part of a thriving area with 200 restaurants, 20 art galleries and some of the best shopping in the area. Wisconsin Ave. is accessible just outside the hotel for direct access to I-270 and 495 and an easy 2-mile drive to downtown Bethesda, where plenty of parking is available and its bustling streets often host special events. We understand ease of transportation is a must, which is why our hotel in Bethesda, MD offers complimentary shuttle service to downtown, local destinations like the NIH campus and White Flint Mall, and the Metro's Red Line which provides continuous service to downtown Washington, DC. With 399 luxuriously chic hotel rooms, 8 distinguished suites, 18,500 sq ft of flexible event space and state-of-the-art Washington, DC meeting rooms, our Bethesda, MD hotel will provide you with the ideal venue for your meeting or create a lavish backdrop for your wedding reception in Maryland.