Marriott International - Juneau, AK

posted about 2 months ago

Full-time - Mid Level
Hybrid - Juneau, AK
5,001-10,000 employees
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 arise from management and franchise fees, as well as programs and services. This role involves assisting with all aspects of revenue recognition and validation in accordance with contractual agreements, US GAAP, and Marriott's accounting policies. In this position, the Assistant Manager will execute the monthly close process to ensure that revenue results are calculated accurately and reflect the company's financial performance. This includes performing month-end close activities, analyzing revenue results, and researching variances to understand the underlying business drivers. The Assistant Manager will also execute all monthly and annual revenue planning activities, ensuring that revenue projections accurately reflect Marriott's forecasted revenue. This role requires the analysis and reporting of significant revenue fluctuations during close and forecast cycles, as well as the implementation and maintenance of standard processes to ensure accurate and timely recognition and projection of revenues in a dynamic multi-currency, multi-entity environment. Additionally, the Assistant Manager will review contractual agreements to understand revenue recognition requirements and develop expertise in revenue reporting for properties within Marriott's growing portfolio. This position will require strong collaboration with Continent Finance, Legal, and Owner Relations teams to ensure compliance with executed agreements and to provide excellent customer service to both internal and external stakeholders. The Assistant Manager will also participate in Global Finance initiatives, support system enhancements, and prioritize issue resolution to improve the effectiveness and efficiency of close and forecast cycles.

Responsibilities

  • Execute MI's monthly close process to ensure accurate revenue calculations in accordance with contracts and US GAAP.
  • Perform month-end close processes, including analyzing revenue results and researching variances.
  • Execute all monthly and annual revenue planning activities to ensure accurate revenue projections.
  • Support preparation of revenue scenario analyses for long-range plans, business plans, budgets, and monthly forecasts.
  • Analyze and report on significant revenue fluctuations during close and forecast cycles.
  • Implement and maintain standard processes for accurate revenue recognition and projection in a multi-currency, multi-entity environment.
  • Research and document unique accounting treatments, coordinating with Global Finance Centers of Expertise and Finance Business Partners.
  • Coordinate tracking and reconciliation of identified provisions to ensure compliance with contracts and accounting policies.
  • Coordinate balance sheet account reconciliations and ensure accuracy and proper support for reconciliations.
  • Support audit-related requests and questions.
  • Review contractual agreements to understand revenue recognition requirements.
  • Develop knowledge in revenue reporting requirements for properties within the 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 property-level agreements.
  • Establish strong working relationships with corporate disciplines and regional offices.
  • Focus on providing excellent customer service to internal and external stakeholders.
  • Ensure calculations in financial applications align with key contractual provisions for accurate revenue recognition.
  • Participate in Global Finance initiatives, including the implementation of an automated contract engine.
  • Assist in identifying system enhancements to improve 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.
  • Ability to influence others and function effectively in a collaborative work environment.
  • Able to work independently, but effectively 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.
  • Advanced Excel skills.
  • 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
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