Manager - Accounting

Job Number

24066629

Job Category

Finance & Accounting

Location

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

Schedule

Full-Time

Located Remotely?

Y

Relocation?

N

Position Type

Management

Job Summary

The Financial Contract Compliance (FCC) department works with various stakeholders (corporate departments, continent leadership and regional teams, legal) to ensure financial contractual responsibilities are executed and financial results are recorded in compliance with US GAAP.  The organization supports corporate processes in partnership with the continent organizations worldwide across all brands, as well as the respective Finance Business Partners, Global Finance Centers of Expertise, and Accenture Hospitality Services (AHS).

As a member of the FCC team, the Manager will play an integral role in the accurate and timely accounting, forecasting and analysis of Marriott’s (MI) global revenues, which result from management and franchise fees, and programs and services. This position will assist with all aspects of revenue recognition and validation in accordance with contractual agreements, US GAAP, and MI accounting policies.  This position will address Reporting activities related to hotel configuration in the Contract Engine in accordance with executed contracts and US GAAP, partnering with Continent Finance teams, as well as Regional Offices, Financial Reporting & Analysis, Accounting Policy, and/or AHS. The Manager will also collaborate with other Global Finance Centers of Expertise and Finance Business Partners to accomplish business objectives. 

BUSINESS CONTEXT/EXPECTED CONTRIBUTIONS

Expected Contributions

Accounting and Analytics:

• Manage and execute MI’s monthly close process to ensure results are calculated and reflected accurately for MI’s revenues in accordance with contracts and US GAAP. Provide supervision and direction to staff during the month close processes, such as analyzing revenue results and researching variances to understand underlying business drivers.
• Manage and execute all monthly and annual revenue planning activities to ensure revenue projections accurately reflect MI’s forecasted revenue. Support the preparation of revenue scenario analyses for the long-range plan, business plan, budget, and monthly forecast cycles.
• Analyze and prepare executive-level reports on significant revenue fluctuations during close and forecast cycles.
• Lead the development, implementation and maintenance of standard processes to ensure accurate and timely recognition and projection of MI’s revenues in a dynamic multi-currency, multi-entity environment. 
• Research and document unique accounting treatment, coordinating with Global Finance Centers of Expertise, Finance Business Partners, and regional points of contact.
• Coordinate tracking and reconciliation of identified provisions to sustain compliance with contracts and accounting policies. 
• Manage review of balance sheet account reconciliations, ensure balances are accurate and reconciliations contain proper support. Partner with AHS and direct staff to ensure completeness and accuracy of account reconciliations.
• Serve as a lead point of contact for audit related requests and questions.

Governance and Global Partnerships:

• Review contractual agreements to understand revenue recognition requirements, including standard and complex deal arrangements. 
• Develop knowledge and expertise in revenue reporting requirements for properties within the growing MI portfolio.
• Ensure compliance with executed agreements on an individual property and/or pooled basis. 
• Partner with Continent Finance, Legal, and Owner Relations teams on specific aspects of property-level agreements, including contract interpretation, unique provisions, cash waterfalls, revenue recognition, and deferrals.
• Establish strong working relationships with the various corporate disciplines and regional offices.
• Focus on providing excellent customer service to both internal and external stakeholders.

Systems And Special Projects

• Ensure calculations in financial applications are in accordance with key contractual provisions to facilitate accurate revenue recognition and analysis, focusing on enhanced reporting and process improvement.
• Participate in and support Global Finance initiatives, including the implementation of an automated contract engine.
• Assist in identifying system enhancements to improve the effectiveness and efficiency of close and forecast cycles.
• Prioritize issue resolution and focus on innovation and continuous process improvement.
• Perform additional responsibilities as required to meet business objectives.

CANDIDATE PROFILE

Experience 

• 5+ years of relevant finance/accounting experience
• Prior supervisory experience preferred
• Strong understanding of accounting processes and systems
• Experience in lodging/hospitality industry and contracts/legal agreements strongly preferred

Education Or Certification 

• B.S. Degree in Accounting, Finance or related discipline required
• CPA or advanced degree preferred

Knowledge And Skills 

• Strong financial acumen with proven analytical and problem-solving skills
• Strong technical accounting skills; understanding of Generally Accepted Accounting Principles and related controls
• Ability to effectively resolve issues and to initiate, design, implement and document required business processes
• Experience in understanding complex contract provisions, evaluating risks, and resolving financial issues
• Strong organization and managerial skills; ability to multitask, support/initiate continuous process improvement, and adapt to transformative process and system changes
• Ability to motivate others and enhance the organization’s capabilities through effective resource management 
• High degree of initiative; highly motivated self-starter.
• Excellent communication and interpersonal skills with a “win-win” negotiating style
• Fosters relationships and a positive work environment to build effective teams committed to organizational initiatives
• Keen attention to detail and accuracy while maintaining the “big” picture at the same time
• Ability to influence others and function effectively in a collaborative work environment with leadership, peers and direct reports
• Proficient in Microsoft Office applications; advanced Excel skills a strong plus.
• Previous PeopleSoft and/or SmartView experience preferred.

Location

• MIHQ

California Applicants Only

The salary range for this position is $83,550.00 to $178,603.00 annually.

Colorado Applicants Only

The salary range for this position is $83,550.00 to $162,366.00 annually.

Hawaii Applicants Only

The salary range for this position is $101,096.00 to $178,603.00 annually.

New York Applicants Only

The salary range for this position is $83,550.00 to $178,603.00 annually.

Washington Applicants Only

The salary range for this position is $83,550.00 to $178,603.00 annually. In addition to the annual salary, the position will be eligible to receive an annual bonus. Employees will accrue 0.04616 PTO balance for every hour worked and eligible to receive minimum of 7 holidays annually.

All locations offer coverage for medical, dental, vision, health care flexible spending account, dependent care flexible spending account, life insurance, disability insurance, accident insurance, adoption expense reimbursements, paid parental leave, educational assistance, 401(k) plan, stock purchase plan, discounts at Marriott properties, commuter benefits, employee assistance plan, and childcare discounts.  Benefits are subject to terms and conditions, which may include rules regarding eligibility, enrollment, waiting period, contribution, benefit limits, election changes, benefit exclusions, and others.

Marriott HQ is committed to a hybrid work environment that enables associates to Be connected.  Headquarters-based positions are considered hybrid, for candidates within a commuting distance to Bethesda, MD;  candidates outside of commuting distance to Bethesda, MD will be considered for Remote positions.

The application deadline for this position is 14 days after the date of this posting, 4/16/2024.

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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