Marriott International - Bethesda, MD
posted 2 months ago
The Financial Contract Compliance (FCC) department at Marriott International plays a crucial role in ensuring that financial contractual responsibilities are executed and that financial results are recorded in compliance with US GAAP. This department collaborates with various stakeholders, including corporate departments, continent leadership, regional teams, and legal, to support corporate processes in partnership with continent organizations worldwide across all brands. As a member of the FCC team, the Assistant Manager will be integral in the accurate and timely accounting, forecasting, and analysis of Marriott's global revenues, which stem from management and franchise fees, as well as programs and services. In this role, the Assistant Manager will assist with all aspects of revenue recognition and validation in accordance with contractual agreements, US GAAP, and MI accounting policies. The position requires collaboration with Continent Finance, Regional Offices, Financial Reporting & Analysis, Accounting Policy, and Accenture Hospitality Services (AHS) to ensure proper recognition and projection of MI revenues. The Assistant Manager will also work closely with other Global Finance Centers of Expertise and Finance Business Partners to achieve business objectives. The expected contributions of the Assistant Manager include executing MI's monthly close process to ensure accurate revenue calculations, performing month close processes, and executing all monthly and annual revenue planning activities. The role involves analyzing revenue results, researching variances, and supporting the preparation of revenue scenario analyses for long-range plans, business plans, budgets, and monthly forecasts. The Assistant Manager will also implement and maintain standard processes for accurate revenue recognition in a dynamic multi-currency, multi-entity environment, and coordinate balance sheet account reconciliations to ensure accuracy. Additionally, the Assistant Manager will review contractual agreements to understand revenue recognition requirements, develop expertise in revenue reporting for properties within the MI portfolio, and ensure compliance with executed agreements. The role requires establishing strong working relationships with various corporate disciplines and regional offices, focusing on providing excellent customer service to both internal and external stakeholders. The Assistant Manager will also participate in Global Finance initiatives, support system enhancements, and perform additional responsibilities as required to meet business objectives.