Assistant Manager of Accounting - Financial Contract Compliance

$72,600 - $133,100/Yr

Marriott International - Santa Fe, NM

Full-time - Manager

Hybrid - Santa Fe, NM

Accommodation

About the position

The Assistant Manager of Accounting - Financial Contract Compliance (FCC) at Marriott plays a crucial role in ensuring that financial contractual responsibilities are executed accurately and that financial results are recorded in compliance with US GAAP. This position is integral to the FCC department, which collaborates with various stakeholders, including corporate departments, continent leadership, regional teams, and legal, to support corporate processes across all brands and regions. The Assistant Manager will be responsible for the accurate and timely accounting, forecasting, and analysis of Marriott's global revenues, which stem from management and franchise fees, as well as various 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 Marriott's accounting policies. This includes executing the monthly close process to ensure that revenue results are accurately calculated and reflected, performing month-end close activities, analyzing revenue results, and researching variances to understand the underlying business drivers. The Assistant Manager will also support revenue planning activities, ensuring that revenue projections accurately reflect Marriott's forecasted revenue, and will analyze and report on significant revenue fluctuations during close and forecast cycles. 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 revenues. The Assistant Manager will also coordinate tracking and reconciliation of identified provisions to maintain compliance with contracts and accounting policies, and will support audit-related requests and questions. Additionally, the role involves reviewing contractual agreements to understand revenue recognition requirements and developing expertise in revenue reporting for properties within Marriott's growing portfolio. The Assistant Manager will establish strong working relationships with various corporate disciplines and regional offices, focusing on providing excellent customer service to both internal and external stakeholders.

Responsibilities

• 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.
• Perform month close processes, such as analyzing revenue results and researching variances to understand underlying business drivers.
• 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 report on significant revenue fluctuations during close and forecast cycles.
• Implement and maintain 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.
• Coordinate balance sheet account reconciliations and ensure balances are accurate and reconciliations contain proper support.
• Support audit related requests and questions.
• 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.
• 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.

Requirements

• 4+ years of relevant finance/accounting experience or 3 years of relevant experience plus a M.S. Degree in Accounting, Finance or related.
• Strong understanding of accounting processes and systems.
• Experience in lodging/hospitality industry and contracts/legal agreements strongly preferred.
• B.S. Degree in Accounting, Finance or related discipline required.
• CPA or advanced degree preferred.
• 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 translate complex contract provisions into Excel and system-based formulas.
• Broad understanding of accounting and the correlation of operating Financial Statements.
• Strong organizational skills and effectiveness in prioritizing and managing multiple priorities.
• Strong 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.
• Able to work independently, but effectively work in a team environment.
• Strong interpersonal skills with a 'win-win' negotiating style.
• Ability to embrace continuous process improvement and adjust to transformative process and system changes.
• Strong verbal and written communication skills.
• Motivated team player.
• Proficient in Microsoft Office applications; advanced Excel skills a strong plus.
• Previous PeopleSoft and/or SmartView experience preferred.

Nice-to-haves

• Experience in the hospitality industry is a plus.
• Advanced Excel skills are a strong plus.
• Previous experience with PeopleSoft and/or SmartView.

Benefits

• Medical insurance coverage
• Dental insurance coverage
• Vision insurance coverage
• Health care flexible spending account
• Dependent care flexible spending account
• Life insurance coverage
• Disability insurance coverage
• Accident insurance coverage
• Adoption expense reimbursements
• Paid parental leave
• Educational assistance
• 401(k) plan
• Stock purchase plan
• Discounts at Marriott properties
• Commuter benefits
• Employee assistance plan
• Childcare discounts