Sr. Manager, Project Accounting

Additional Information Corporate Financial Accounting Investment Team
Job Number 22162829
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

 

The Senior Manager, Project Accounting is specifically charged with ensuring accurate accounting and reporting for Marriott’s Lodging Development project costs and Intangible assets worldwide.  Intangible assets include Investments in Management and Franchise Contracts (for hotels, residential projects, and corporate initiatives), Brand Intangibles, and Goodwill. The role requires a strong understanding of complex arrangements, ensuring appropriate interpretation and accurate accounting for development and existing costs, ensures appropriate project cost accounting, and ensure compliance with accounting guidance. The position will manage a staff responsible for end-to-end accounting, administration, and reporting for the processes – while ensuring effective controls.  This highly visible group will play a key role in partnering with multiple stakeholders worldwide to ensure accurate and timely delivery of department deliverables and support for transactions –including acquisitions, dispositions, and contract changes.  This position reports to the Senior Director Investment Accounting and is a key member of the Corporate Financial Accounting (“CFA”) management team.

 

CLS Expected Contributions and Responsibilities

 

• Partner with multiple internal departments (Global Development & Global Design, Accounting Policy, Asset Management, Financial Reporting and Analysis, Corporate Treasury, Corporate Statutory Accounting, and Tax) and Continent finance teams to effectively manage the accounting for Lodging Development project costs and Intangible Assets.
• Provide accounting governance for Intangibles accounting worldwide.  Ensuring appropriate financial statement presentation is encompassed within this responsibility. 
  • Manage the preparation of internal and external reports and disclosures in support of MI financial statements
  • Coordinate workflow between Accenture Hospitality Services (AHS), Corporate Tax and CFA regarding the use of the People Soft Asset Management System (PSAM) for amortization of Intangible Assets.   Review and approve forms submitted to AHS to add, update, or remove Intangible Assets from PSAM.
  • Coordinate with the Real Estate and Residential team to ensure the accurate accounting and amortization for Marriott Investments related to Mixed Use projects
  • Maintain the Power BI models used to manage the reporting, reconciliation, and consolidation of Intangible assets for actuals reporting and business planning processing (i.e., budget/LRP, forecast.)
  • Prepare quarterly PBCs for MI’s Consolidated Financial Audit and local accounting requirements, as requested, in support of Tax and Corporate Statutory Accounting business processes.   
• Partner with the Global Development & Global Design Finance Business Partner to ensure amounts are accurately recorded for Development project costs:
  • Implement processes to ensure accurate recording of development project costs and adherence to company’s capitalization policy.
  • Review capitalized development costs for asset impairment.
• Collaborate with stakeholders to gather and summarize assumptions for long range plan, business plan, budget and forecasting requirements as they relate to all processes.   
• Establish and monitor necessary controls to effectively manage MIP-66 compliance and ensure all related balance sheet accounts are reconciled and P&L accounts are accurately reflected. Manage the effective utilization of technology to ensure appropriate asset accumulation and accounting. 
• Maintain Sarbanes Oxley narrative and MI Global Finance Policy for Intangibles processes.
• Manage ad-hoc requests, inquiries, and issues relating to the Intangible portfolio.
• Execute and document processes and protocols to ensure effective accounting and financial statement reporting of Marriott strategies for Development and Intangible’s activities worldwide. 

 

 

Skill Requirements

 

• Able to develop and maintain effective client relationships and promote a client service orientation that delivers customer results.
• Excellent communication and interpersonal skills, creating an environment allowing timely information flows throughout the organization.  Ability to articulate issues to a variety of individuals at multiple levels within the organization.
• Ability to work effectively in a collaborative work environment.
• Strong business process skills; capable of developing effective processes and documenting processes, ensuring compliance with existing processes and producing quality results.
• Strong knowledge of U.S. generally accepted accounting principles.
• Proven manager with ability to manage a team toward the accomplishment of department goals and objectives and promote a positive working environment; promotes the development of team members.
• Able to effectively manage large volumes of data and summarize information in a clear and concise manner
• Comfort with challenging status quo to improve effectiveness.
• Able to multi-task; comfortable with ambiguity, complexity, and change.
• At ease in an environment of change; supports, manages and initiates change within the organization.

 

Specific Candidate Profile

 

• BS/BA in Accounting, Finance, or related discipline; CPA, MBA or advanced degree in Accounting or Finance preferred
• Seven or more years of progressive job experience in accounting/finance field
• Able to interpret complex legal documents
• Excellent interpersonal skills; ability to work effectively with a variety of levels of within the organization
• Proven experience in the recruitment, development, and leadership of a strong team within a multi-tasked environment.
• High degree of initiative, personal responsibility, and integrity
• Customer service orientation with the ability to achieve and maintain customer satisfaction
• Strong knowledge of MI accounting processes/systems preferred
• Experience with Power BI/power pivot, strongly preferred

 

This position requires proof of full vaccination against COVID-19 prior to the first date of employment, subject to applicable law. If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation request is received and approved.

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.