Vice President, Consolidated Balance Sheet and Cash Flow Reporting

Additional Information

VP, FINANCIAL REPORTING & ANALYSIS - CONSOLIDATED BALANCE SHEET, CASH FLOW REPORTING

Job Number

24051428

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

As a senior member of the Financial Reporting and Analysis COE, the Vice President - Consolidated Balance Sheet and Cash Flow Reporting-- will play a key role in overseeing the day-to-day operations of the groups responsible for the consolidation and aggregated reporting of MI’s Balance Sheet and Cash Flow and the reporting of balance sheet and cash flow results.  The position will serve as the primary liaison for external reporting cash flow and balance sheet submissions to the Accounting Policy COE and for forecasting and planning submissions to CFSA and Treasury. This position is the owner of MI’s $26B balance sheet and over $3B of annual cash flows. Specifically, the position will be accountable for the following responsibilities:

• Lead activities for the quarterly reporting of balance sheet and cash flow results. Ensure that all financial reports are completed accurately, on a timely basis, and in accordance with Generally Accepted Accounting Principles.
• Lead balance sheet reporting efforts. Review the balance sheet and ensure activity is accurately reported and that major variances and changes are explained.  Develop actionable analytical tools to identify balance sheet risks and opportunities for respective Financial Business Partners and senior management.
• Lead preparation and analysis for consolidated cash flow reporting, budgeting, and forecasting.  Lead efforts to identify best practices and implement innovative analytical techniques to identify cash flow improvement opportunities.  Develop actionable cash flow reports for senior management. 
• Partner with Corporate Financial Strategy and Analysis to consolidate and analyze the annual Budget for balance sheet and cash flow impacts.   
• Lead all equity related processes for the company including owning certain equity accounts, stock accounting, share based compensation accounting, and basic and diluted share calculations.
• Coordinate and provide oversight to the MIP-66 consolidation and reporting process including final presentation of MI results.
• Coordinate the annual MI financial audit including the preparation of audit schedules, analysis and resolution of audit problems, and overall audit planning and coordination.
• Partner with the Treasury team to calculate and monitor all financial ratios used by the rating agencies.
• Serve as the balance sheet and cash flow subject matter expert for Marriott on a global basis.
• Serve as the primary liaison with the Accounting Policy COE to provide timely and accurate data for external reporting. 
• Provide support to the Investor Relations COE and CFSA in the development and delivery of key financial information to external stakeholders (e.g., earnings call, Investor Relations report, Board of Directors presentation).
• Identify opportunities to develop the department’s capabilities to fully utilize available reporting and planning systems to optimize financial reporting and analysis. 
• Provide Chart of Account governance for MI’s balance sheet and cash flow. 
• Enable operational excellence of the business through the development and execution of end-to-end financial reporting processes that minimize risk and maximize value for the enterprise. 
• Provide expert consultation on financial data interpretation and financial reporting issues as they relate to MI’s consolidated balance sheet and cash flow. Provide proactive interpretation of financial results and outline recommendations for follow-up actions, as appropriate. 
• Design, develop, and produce programmatic and custom/ad hoc external financial reports that enable the appropriate focus on business issues and the optimization of business performance.
• Enable operational excellence of the business through the development and execution of end-to-end financial reporting processes that minimize risk and maximize value for the enterprise. 
• Identify technologies to enable enhanced automation of programmatic reporting activities.
• Ensure the integrity and accuracy of data and reports produced in this department, through the systemic monitoring of key performance measures and the auditing of key reports on a sampling basis. Identify unusual financial and process performance trends and investigate and resolve any problems and/or inconsistencies, as appropriate. 
• Monitor and innovate, as appropriate, financial reporting practices and strategies to optimize business performance.
• Establish and maintain strong, collaborative relationships with Global Finance partners and key stakeholders to understand the business and ensure timely exchange of information. Provide ongoing guidance to Finance Business Partners and AHS concerning issues related to areas of responsibility.
• Leverage business and technical knowledge and experience as well as external data to develop and implement operating policies and procedures as well as team and process performance goals.   Systemically and interactively measure team and process performance against goals with a lens of continuous improvement.
• Contribute to the development of the Financial Reporting & Analysis strategy and develop goals for areas of responsibility in alignment with the organization and broader finance discipline strategy. Accountable for resource decisions for areas of responsibility. 

Human Resources

 Improves business performance through leveraging talent and organizational systems.    

• Partners with Human Resources to strengthen the organization's performance by ensuring effective structures, processes, jobs, and performance management systems, along with the “right” people, are in place to support the strategic priorities of the business; ensure the right systems, processes, and tools are in place for associates to do their jobs effectively; continuously drive improvement, to enhance flexibility, scalability, and competitiveness. 
• Champions leadership development and workforce planning priorities by personally assessing, selecting, retaining, and developing diverse, high-caliber talent that can lead the organization today and strengthen the leadership bench for the future.  Work with Human Resources to anticipate future talent needs based on business growth plans and allocate resources appropriately.
• Sets goals and expectations for direct reports and holds staff accountable for successful performance.  Coaches team by providing specific feedback to improve performance.   Conducts annual performance appraisal with direct reports; and ensures the same occurs at lower levels of his/her organization.
• Perform other duties as assigned to meet business needs.

Candidate Profile

Experience

• 10+ years of experience in accounting and financial reporting processes (design and delivery) in a global organization
• 8+ years experience in a management role; demonstrated success leading and developing a strong organization and workforce in a complex, service-intensive, deadline-driven environment.
• Lodging/hospitality industry experience strongly preferred.
• History of consistently delivering business results.
• Experience in process reengineering preferred.

Education Or Certification 

• Baccalaureate degree in Accounting or Finance.
• CPA required.

Knowledge And Skills 

• Demonstrated expertise in financial accounting and reporting, budgeting and financial analysis. 
• In-depth of knowledge of generally accepted accounting principles and controls; as well as Marriott-specific accounting and finance processes and systems.
• Broad knowledge and understanding of MI management and franchise contracts.
• Able to orchestrate systemic change – initiate, support, and manage change within the organization, taking steps to remove barriers or to accelerate its pace.
• Strong business acumen and service orientation.
• Able to consistently make decisions in a timely manner sometimes with incomplete information and under tight deadlines and pressure. Comfortable challenging organizational norms and accepted thinking to improve effectiveness.
• Able to work in a matrix organization, partnering with resources to achieve results through others.
• Able to develop and maintain effective relationships with a broad group of stakeholders to foster trust and influence key decisions.
• Exceptional communication skills; create an atmosphere in which timely information flows smoothly through the organization.
• Steps forward to address difficult issues; strong mediation skills to facilitate a constructive approach to dealing with conflict; guides others toward the accomplishment of identified, meaningful goals.
• Able to sell ideas persuasively, settling differences and winning concessions without damaging relationships; can be both direct and forceful while remaining diplomatic.
• Strong quantitative and qualitative analysis skills; able to take large volumes of complex information and present it in a clear and concise manner to senior management, owners, and franchisees; able to use data and a cogent problem-solving methodology in decision-making and impact assessment.
• Strong strategic planning and management skills.
• Able to translate business needs into operational finance and accounting priorities.
• Strong business performance management skills - able to deploy and manage (use data to systemically monitor the progress of work against schedules, budgets, and quality standards) resources, to achieve/exceed objectives in a dynamic operating environment.
• Able to integrate and balance priorities, work activities, and resources for the benefit of multiple key stakeholders.
• Able to build, actively develop, and effectively manage diverse teams that are committed to organizational goals and initiatives thereby enhancing organizational effectiveness.
• Strong leader of people – ability to create a compelling vision, demonstrate flexibility in approach; and motivate others (who may, oftentimes, not be direct reports) to achieve desired results. 
• Active learner -- able to enhance personal, professional, and business growth through new knowledge and experiences; pushes the organization to learn from other industry's standards and practices.

Attributes

• Relationship builder; networker
• Collaborative; team player
• Persistent; drives ideas
• Persuasive; influences without coercion
• Results oriented; delivers results under difficult conditions and demonstrates balanced judgment under pressure
• Engages in fixing the problem 
• Exhibits leadership presence; ability to establish credibility necessary to influence at all organizational levels and give projects credibility
• Analytical; makes decisions using data 
• Comfortable with complexity, ambiguity, and change
• Trustworthy with strong business integrity and the ability to hold sensitive information in confidence
• Strategic thinker; processes information through a strategic lens and applies tenants of systems thinking to issues/assignments
• Innovative thinker and agile learner; able to readily apply past learnings in new situations to generate solutions to Marriott challenges and/or create something entirely new
• Organizational learner; has acute organizational and self-awareness; political savvy
• Motivator; inspires extraordinary performance in others
• Highly organized and able to handle multiple priorities at any given point in time

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.

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