Marriott International - Saint Thomas, ND
posted about 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 an integral member of the FCC team, the Assistant Manager of Accounting 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 position will assist in all aspects of revenue recognition and validation in accordance with contractual agreements, US GAAP, and MI accounting policies. The Assistant Manager will support the proper recognition and projection of MI revenues in collaboration with Continent Finance, Regional Offices, Financial Reporting & Analysis, Accounting Policy, and/or Accenture Hospitality Services (AHS). The role involves executing MI's monthly close process to ensure that results are accurately calculated and reflected for MI's revenues in accordance with contracts and US GAAP. This includes performing month close processes, analyzing revenue results, and researching variances to understand underlying business drivers. The Assistant Manager will also execute all monthly and annual revenue planning activities to ensure that revenue projections accurately reflect MI's forecasted revenue, supporting the preparation of revenue scenario analyses for long-range plans, business plans, budgets, and monthly forecast cycles. In addition to accounting and analytics, the Assistant Manager will engage in governance and global partnerships by reviewing contractual agreements to understand revenue recognition requirements, including standard and complex deal arrangements. They will develop knowledge and expertise in revenue reporting requirements for properties within the growing MI portfolio and ensure compliance with executed agreements on an individual property and/or pooled basis. The role also requires establishing strong working relationships with various corporate disciplines and regional offices, focusing on providing excellent customer service to both internal and external stakeholders. Furthermore, the Assistant Manager will participate in systems and special projects, ensuring that calculations in financial applications align with key contractual provisions to facilitate accurate revenue recognition and analysis. They will 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. Additional responsibilities may be assigned as required to meet business objectives.