Dir-Accounting

Additional Information

Corporate Financial Accounting, Director - Banking Accounting

Job Number

22202470

Job Category

Finance & Accounting

Location

Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States VIEW ON MAP

Schedule

Full-Time

Located Remotely?

N

Relocation?

N

Position Type

Management

Job Summary

Corporate Financial Accounting (“CFA”) is a headquarter-based accounting department responsible for the accounting and reporting relating to Marriott’s investment, development, joint venture, foreign exchange, debt, Environment, Social, and Governance, and international banking activities.  The Director of CFA - Banking will direct a high performing team responsible for: 1) Marriott’s foreign currency accounting, including overseeing system and review controls relating to foreign currency transactions and translations, recording foreign currency derivatives, monitoring foreign currency exposures, and reporting; 2) Marriott’s debt accounting, including budgeting, forecasting, reporting, covenant monitoring; and 3) Marriott’s international cash, including reporting, monitoring, and system review of the treasury management system. The highly visible position will play a key role in partnering with multiple stakeholders throughout the organization to ensure the accurate and timely delivery of department deliverables.  This position reports to the VP, CFA, and is a key member of the CFA leadership team.

CLS Expected Contributions and Responsibilities

Direct a team of finance and accounting professionals, prioritize projects and workload of the team and its individual members, establish and monitor workflow protocols, and manage multiple deadlines around the following department priorities:

Foreign Exchange Accounting & Reporting:

• Ensure enterprise-wide proper accounting for foreign transactions, including financial statement translation and foreign currency transactions.
• Evaluate foreign currency hedging transactions to determine appropriate accounting treatment.
• Perform qualitative reviews of the Marriott business model to identify foreign currency exposures and provide actionable data to key stakeholders so that appropriate hedging strategies against exposed positions may be pursued.
• Analyze foreign currency activity included in Marriott’s financial results to ensure consistency with expectations relative to Marriott’s exposed foreign asset and liability position.
• Maintain and enhance periodic reporting of foreign exchange activity to key stakeholders, including senior management.
• Ensure external reporting (10K, 10Q) disclosures related to foreign exchange, derivatives and hedging are completed in an accurate, timely manner.
• Determine the proper functional currency of international subsidiaries and branches.
• Maintain systems and controls to ensure compliance with MIP-66 reporting and reconciliation requirements relating to foreign exchange and foreign currency hedging.

International Cash Management:

• Partner with Corporate Treasury to ensure efficient and effective use of international cash and currency management systems. 
• Collaborate with Corporate Treasury, Corporate Tax, and Finance Business Partners to identify foreign cash repatriation opportunities and establish related procedures and protocols.
• Monitor and control international cash concentration mechanisms.
• Manage the foreign bank account reconciliation process, including bank reconciliation control report.
• Partner with internal and external stakeholders to ensure proper recording of cash activity
• Support continents with the maintenance and use of the Treasury Workstation (Kyriba)
• Maintain global account and reporting structures for cash, including system rules.
• Maintain systems and controls to ensure compliance with MIP-66 reporting and reconciliation requirements relating to cash accounts.

Debt Accounting & Reporting:

• Direct the debt reporting process, ensuring understanding and proper interpretation of debt documents and interest rate swaps, identification of new debt, and establishment and maintenance of requisite amortization tables.

• Manage debt covenant analysis, ensuring proper level of sensitivities to exposures.
• Ensure external reporting (10K, 10Q) requirements related to debt and required disclosures are completed in an accurate, timely manner.
• Maintain the accurate and timely payment of debt service, fees, and other financing costs on corporate debt.
• Review and maintain accurate budgets and forecasts for interest expense and debt activity for both the P&L and cash flow forecasts
• Ensure debt-related activity (interest expense, repayments, borrowing) is reflected properly from a cash flow perspective.
• Maintain systems and controls to ensure compliance with MIP-66 reporting and reconciliation requirements relating to debt and related interest accounts.

Skill Requirements

• Fosters relationships and a positive climate to build effective teams that are committed to organizational goals
• Creates a customer service orientation within the organization by developing and maintaining effective customer relationships
• Supports and manages organizational change by reacting with flexibility, removing work barriers
• Initiates creative process improvements and systemic thinking throughout the organization
• Demonstrates sound organizational and prioritization skills; high performance levels under tight deadlines
• Strong verbal and written communication skills; ability to communicate with various levels of the organization and with outside service providers
• Strong quantitative and qualitative analysis skills
• Actively pursues learning and self-development to enhance personal and professional growth

Specific Candidate Profile

• BS/BA in Accounting, Finance or related discipline; CPA, MBA or advanced degree in Accounting or Finance preferred
• Eight or more years of progressive job experience in accounting/finance field; significant international finance, accounting, or treasury exposure a plus
• Proven contribution within a multi-task environment
• Experience with leading and implementing proactive process improvements

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.  We believe a great career is a journey of discovery and exploration.  So, we ask, where will your journey take you?

Source: Hospitality Online