Manager, Corporate Financial Accounting
Company: Marriott International, Inc
Location: Bethesda
Posted on: May 12, 2022
Job Description:
Posting Date May 05, 2022
Job Number 22071510
Job Category Finance & Accounting
Location Marriott International HQ, 10400 Fernwood Road, Bethesda,
Maryland, United States
Brand Corporate
Schedule Full-Time
Relocation? N
Position Type Management
Located Remotely? N
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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JOB SUMMARYThis position is responsible for the maintenance of
world-class accounting, reporting, and analytical processes related
to Marriott's joint venture ("JV") portfolio. The Manager is
responsible for analyzing financial information and managing the
production of periodic and ad-hoc reports needed by various
internal and external stakeholders to effectively manage the
business and meet reporting obligations. Central roles of this
position include managing the monthly close, budgeting,
forecasting, and reporting processes for both consolidated and
non-consolidated entities and ensuring that robust documentation is
maintained for each joint venture, including significant accounting
positions and U.S. GAAP adjustments. As part of these processes,
the Manager will supervise professional associates and assist in
guiding their professional development and will also develop,
foster, and maintain strong collaborative relationships with
departments and individuals throughout the Company's organization,
as well as with joint venture partners, bookkeepers,
auditors,bankers, and tax and financial reporting specialists. This
position reports to the Senior Manager, Joint Venture Accounting,
and is a key member of the Marriott's Corporate Financial
Accounting ("CFA") management team.
EXPECTED CONTRIBUTIONS
- Ensure that the Company's interests in JVs are properly
accounted for and properly reported on the Company's books,
including converting local GAAP to US GAAP for international
ventures.
- Develop, maintain, and manage the JV-related reporting
processes that provide timely, accurate, and decision useful
information to a variety of stakeholders including Continent
finance teams, Asset Managers, Financial Reporting and Analysis,
auditors, Investor Relations, JV partners, external professional
services firms, and regulatory authorities.Analysis of JV results
and the preparation of financial statements, footnote disclosures,
long range plans, budgets, forecasts, and audit related PBCs are
examples of such information. Identify opportunities and assist in
the development of improvements to the JV Reporting process that
enhance efficiency.
- Establish and maintain strong relationships with joint venture
partners to facilitate the accumulation of timely information for
each JV.
- Manage and develop accounting professionals, prioritize
projects and workloads, and establish deadlines around those
priorities.
- Develop and maintain a strong control environment to
effectively manage compliance with Marriott policies as applicable
to the JV portfolio.
- Develop and maintain processes to ensure compliance with the
financial terms of JV agreements. Examples include ensuring that
financial statements are reviewed and audited on a timely basis and
dividends are declared and paid.
- Manage a data repository for each JV that includes all legal
documents pertaining to the venture, such as the partnership
agreement and audited financial statements for each fiscal
year.
- Research and collaborate with others regarding technical GAAP
questions, significant transactions, increases or decreases in
ownership interests, property-level debt refinancing,
distributions, impairments, reporting considerations, and capital
calls.
- Partner with multiple Marriott departments (Finance Business
Partners, Asset Managers, and Legal) to obtain information for new
JVs, review the related agreements, and ensure the agreements
provide for the receipt by Marriott of necessary financial
information.
- Other responsibilities as assigned.
SKILL REQUIREMENTS
- Five or more years of progressive job experience in
accounting/finance field; international accounting exposure highly
preferred.
- Strong knowledge of U.S. generally accepted accounting
principles, experience with principles related to accounting for
equity and fair value alternative method JV investments a strong
plus.
- Strong analytical and problem-solving skills; with the ability
to manage multiple time sensitive assignments simultaneously and
work both collaboratively and independently.
- Experience leading a team toward the accomplishment of
organizational goals and objectives and promoting a positive
working environment, including promoting the development of team
members.
- Exceptional communication and interpersonal skills, creating an
environment allowing timely information flows into and throughout
the organization. Experience understanding complex matters and
articulating issues to a variety of individuals at multiple levels
within the organization.
- Ability to make decisions in a timely manner and under
pressure. Comfort with challenging the status quo to improve
effectiveness.
- Experience with performing technical accounting research, and
ability to leverage multiple tools in an effective manner while
navigating complex transactions.
- Experience with accounting in a multi-currency environment
under multiple bases of accounting.
- Adept at documenting and improving processes, ensuring
compliance with established processes, and producing quality
results.
- At ease in an environment of change; supporting, managing, and
initiating change within the organization.
- Ability to sell ideas persuasively, settling differences
without damaging relationships; able to be direct while remaining
diplomatic.
- High degree of initiative, personal responsibility and
integrity.
- Positive attitude, flexible and a high level of enthusiasm and
energy.
- Experience analyzing and understanding complex legal
documents.
- Self-starter and highly motivated creative thinker.
- Highly proficient with Microsoft office applications, with
strong focus on spreadsheet applications.
- Experience with PeopleSoft, nVision and Hyperion Financial
Systems a plus.
- Bilingual in Spanish a plus.
SPECIFIC CANDIDATE PROFILE AND EDUCATIONAL REQUIREMENTS
- BS/BA in Accounting, Finance or related discipline.
- CPA, MBA or advanced degree in Accounting or Finance
preferred.
- Experience in a large public accounting firm strongly
preferred.
- Real estate accounting experience a plus.This position requires
proof of full vaccination against COVID-19 prior to the first date
of employment, subject to applicable law. If you are offered
employment, this requirement must be met by your date of hire,
unless a reasonable accommodation request is received and
approved.
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.
Keywords: Marriott International, Inc, Bethesda , Manager, Corporate Financial Accounting, Executive , Bethesda, Maryland
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