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Full Job Description
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.
