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Manager - Consolidated Revenue Reporting

3 months ago

Sacramento, United States Marriott Full time

Job Number 24138098

Job Category Finance & Accounting

Location Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States

Schedule Full-Time

Located Remotely? Y

Relocation? N

Position Type Management

POSITION SUMMARY

The Financial Contract Compliance (FCC) department works with various stakeholders (corporate departments, continent leadership and regional teams, Legal) to ensure financial contractual responsibilities are executed and financial results are recorded in compliance with US GAAP. The organization supports corporate processes in partnership with the continent organizations worldwide across all brands, as well as the respective Finance Business Partners, Global Finance Centers of Expertise, and Accenture Hospitality Services (AHS).

As a member of the FCC team, the Manager will play an integral role in the accurate compilation and timely recording, reporting, forecasting and analysis of Marriott International (MI)'s cost reimbursement revenue and expense - primarily driven from above-property programs and services (P&S) including Funds (Program Services Fund, Sales & Marketing Funds). This position will oversee activities to properly classify and recognize revenues in compliance with ASC606 Revenue Recognition standards and MI accounting policies including centralized oversight and delivery of SOX controls. This position will participate in all aspects of management and franchise contract compliance pertaining to revenues, including documentation and discussions with the Finance Business Partners, Continent Finance, AHS, Accounting Policy, Financial Reporting & Analysis, Investor Relations, Tax, Legal, and other Global Finance departments.

EXPECTED CONTRIBUTIONS

  • Execute actuals, forecast, budget and planning cycles reporting and analysis requirements. Coordinate with stakeholders to incorporate contractually compliant estimates, and accurately reflect MI's revenue.

  • Serve as a point of contact for the Discipline and Continent Finance Business Partners on contract matters as they relate to above-property P&S and Marriott's revenue recognition.

  • Participate in the development, implementation, and maintenance of standard processes to ensure accurate and timely recognition of MI's revenues in a dynamic multi-currency, multi-entity environment.

  • Partner with various Global Finance departments to ensure P&S are properly included/excluded from end to end Cost Reimbursement processes.

  • Participate in reimbursable P&S related special projects including revenue recognition policy, operationalizing unique contract provisions, planning cycles, new brands and related integration of processes.

  • Participate in and support Global Finance initiatives

  • Partner with AHS to maintain effective processes and partnerships, with an end to end process focus.

  • Partner with Corporate Financial Accounting (CFA) and FBPs to review and approve charge code form submissions

  • Review contractual agreements to understand revenue recognition requirements and contractual reporting requirements, including standard and complex deal arrangements.

  • Focus on providing excellent customer service to both internal and external stakeholders.

  • Perform additional responsibilities as required to meet business objectives.

CANDIDATE PROFILE

Experience

  • 5+ years of relevant finance/accounting experience

  • Prior supervisory experience preferred

  • Strong understanding of accounting processes and systems

  • Experience in lodging/hospitality industry and contracts/legal agreements strongly preferred

Knowledge & Skills

  • Strong financial acumen with proven analytical and problem-solving skills with the ability to effectively resolve issues and to initiate, design, implement and document required business processes.

  • Strong technical accounting skills; understanding of Generally Accepted Accounting Principles and related controls.

  • Understanding of Marriott's management contracts and business models.

  • Experience in interpreting complex contract provisions, evaluate MI's risks, and coordinate compliance and handling of complex financial issues.

  • Well-organized with strong organizational and managerial skills to be able to manage multiple priorities, adjust to changing business demands, and follow through on commitments.

  • Proficient in spreadsheet and other business software applications.

  • Experience with PeopleSoft and or/SmartView preferred.

  • High degree of initiative; highly motivated self-starter.

  • Excellent communication and interpersonal skills. Ability to work effectively in a collaborative work environment.

  • Strong organizational skills; effective in prioritizing work and following through on commitments.

  • Strong oral/written communication skills, ability to interact effectively with all levels of management.

  • Demonstrates leadership presence with the ability to influence others and function effectively in a collaborative environment.

  • Fosters relationships and a positive work environment to build effective teams committed to organizational initiatives

  • Keen attention to detail and accuracy while maintaining the "big" picture at the same time

Education and Professional Certification

  • B.S. degree in Finance, Accounting or related discipline required

  • CPA or MBA preferred

LOCATION

  • This position will be based at MI Corporate Headquarters.

The salary range for this position is $83,550 to $153,175 annually. In addition to the annual salary, the position will be eligible to receive an annual bonus.

Washington Applicants Only: Employees will accrue 0.04616 PTO balance for every hour worked and eligible to receive minimum of 7 holidays annually.

All locations offer coverage for medical, dental, vision, health care flexible spending account, dependent care flexible spending account, life insurance, disability insurance, accident insurance, adoption expense reimbursements, paid parental leave, educational assistance, 401(k) plan, stock purchase plan, discounts at Marriott properties, commuter benefits, employee assistance plan, and childcare discounts. Benefits are subject to terms and conditions, which may include rules regarding eligibility, enrollment, waiting period, contribution, benefit limits, election changes, benefit exclusions, and others.

Marriott HQ is committed to a hybrid work environment that enables associates to Be connected. Headquarters-based positions are considered hybrid, for candidates within a commuting distance to Bethesda, MD; candidates outside of commuting distance to Bethesda, MD will be considered for Remote positions.

The application deadline for this position is 21 days after the date of this posting, August 7, 2024.

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.

Marriott International is the world's largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. Be where you can do your best work,? begin your purpose, belong to an amazing global? team, and become the best version of you.