What are the responsibilities and job description for the Vice President and Associate Business Partner, Risk Management position at Corporate?
Posting Date Aug 26, 2020
Job Number 20048037
Job Category Finance and Accounting
Location Marriott International HQ, 10400 Fernwood Road, Bethesda, Maryland, United States VIEW ON MAP
Brand Corporate
Schedule Full-time
Relocation? No
Position Type Management
Start Your Journey With Us
Job Number 20048037
Job Category Finance and Accounting
Location Marriott International HQ, 10400 Fernwood Road, Bethesda, Maryland, United States VIEW ON MAP
Brand Corporate
Schedule Full-time
Relocation? No
Position Type Management
Start Your Journey With Us
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?
As a member of
the Global Finance organization, the Associate Finance Business Partner, Risk
Management will partner with leaders in Risk Management, the Sr. Finance
Business Partner, FOCEHL, and other Global Finance leaders in the development
and implementation of financial and operational business strategies and plans
to support the ongoing fiscal needs and responsibilities of Risk Management to
achieve desired business objectives. Emphasis will be on providing financial
leadership by:
- Translating business priorities and new programs and services requirements into financial plans, actions, work product and appropriate funding sources to drive maximum value and to mitigate risk for Marriott.
- Managing key financial business processes and ensuring sound decision making around the disciplines financial objectives; leveraging appropriate capabilities and identifying process improvement opportunities with key partners within Global Finance
- Maintain and continually enhance the appropriate control environment; monitoring and recommending actions to improve accountability for results, controls, processes and organization.
- Using knowledge of Marriott’s business and scanning the competitive environment, anticipate and identify business opportunities and provide strategies that align with the discipline’s overall strategy.
- Supporting the collective financial needs of the business; ensuring finance work priorities, roles, decision making protocols, etc., are understood and consistently applied
- Manage financial processes and analytic capabilities to enable sound business and financial decisions are made; and that financial goals and growth objectives are met or exceeded.
- Partner with his/her discipline leaders to develop business plans and financial strategies to achieve overall profit and growth objectives.
- Support the implementation and sustainment of enterprise-wide financial strategies and initiatives.
- Play a challenge role in the review of on-going business decisions and initiatives ensuring the right financial approaches and resources are brought to bear on overall business challenges and opportunities.
The Associate Finance
Business Partner, Risk Management will collaborate closely with the other Finance
groups to ensure the business’ on-going financial management needs are met.
He/she will establish and monitor service-level agreements with MBS and other
Finance groups, as applicable, to ensure real time access to critical
information, data analysis and interpretation, and expert counsel. He/she will collaborate with other Finance
leaders in designing Global Finance policies, processes and tools to ensure
accurate financial reporting and monitor the achievement of business goals; and
in the design and implementation of financial strategies, ensuring appropriate
fit for the staff groups supported.
EXPECTED CONTRIBUTIONS
- Lead budgeting, forecasting and monitoring financial performance and developing actionable recommendations to address identified business challenges and opportunities.
- Maintaining and enhancing the appropriate control environment for the business.
- Partner with MBS to drive alignment and shared accountabilities with key stakeholders by outlining process and outcome requirements through the establishment of standardized service level agreements and systemically and interactively measuring organization and process performance against goals with a lens of continuous improvement.
- Partner with the other Finance leaders (i.e. MBS, FCC, and other FBP leads) to ensure processes for ensuring the accuracy of systems used to support Marriott’s accounting for programs and services (currently known as “MarrStar”) is maintained.
- Determine the funding implications of new projects/initiatives and review the funding of existing programs and services to ensure compliance with management agreements and prepare necessary analyses and recommendations for Program & Services Agreement Compliance (PSAC) Advisory Committee approvals.
- Maintaining strong relationships with business leaders in the disciplines supported, Global Finance, and other key stakeholders as well as outside service providers (insurance brokers, captive managers, external auditors, actuaries, banks, etc.) in order to effectively influence key business decisions and optimize overall work effectiveness.
- Developing a high performing team of senior finance professionals who can effectively partner with key business leaders, at various organizational levels, on strategic financial issues.
- Establishing business goals and priorities for his/her staff (direct and indirect reports) and managing performance against these objectives; providing targeted, formal and informal job performance feedback to his/her associates in order to continuously enhance individual performance and overall business results.
- Sets goals and expectations for direct reports and holds staff accountable for successful performance; coaches team by providing specific feedback to improve performance; conducts annual performance appraisal with direct reports; and ensures the same occurs at lower levels of his/her organization. Partner with Human Resources to strengthen the organization performance by ensuring effective structures, processes, jobs, and tools are in place for associates to do their jobs effectively.
- Champion excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement.
- Performs other duties as assigned to meet business needs.
- Direct all systems requirements for all Risk Management business functions and act as the executive liaison to Information Technology to include staffing, equipment, and applications support.
- Ensure accounting processes (e.g., management of actuaries, insurance escrow accounting, compliance with state self-insurance regulations, daily insurance cash management, monthly third-party billing for insurance services rendered) are operating effectively to meet the needs of internal and external customers.
- Ensure general accounting needs of Risk Management are met including Letters of Credit, Surety Bonds and Cash Control. Provide strategic and operational oversight of captive management activities including critical review of financial statements, corporate governance (e.g., acting as Chair for Board and Committee meetings), investment and tax planning, and audit compliance.
- Guide non-routine financial projects and requests from senior executives (e.g., special projects, actuarial loss analyses, reinsurance placements), including analysis and input on potential business transactions (acquisitions, dispositions, etc.) and either assimilating new participants into the program or resolving issues after the transaction.
- Performs other duties as assigned to meet business needs.
Experience
- Extensive (10+ years) broad financial management experience.
- 8-10+ years in a management role; demonstrated success leading senior professionals and developing a strong organization and workforce in a complex, service-intensive, deadline-driven environment.
- Experience leading and managing initiatives and managing associated change.
- Risk Finance/Systems experience strongly preferred.
- Able to translate risk management’s finance needs into operational financial management priorities.
- Able to evaluate risk management’s finance trends and modify strategies and approaches as necessary.
- Demonstrates command of actuarial concepts and is able to discern trends in actuarial reports. Functions effectively with outside actuaries, providing guidance as needed.
- Exhibits strong functional leadership and finance knowledge; able to leverage this strength to influence business team strategies and decisions and lead own team.
- In depth knowledge and understanding of MI management and franchisee contracts.
- Knowledge in generally accepted finance and accounting policies, principles and controls; as well as Marriott-specific accounting and finance processes and systems.
- Develops and maintains effective relationships with a broad group of stakeholders in order to foster trust and influence key decisions.
- Demonstrates understanding of multiple functions, brands and businesses in order to respond more quickly and resourcefully to new demands and challenges.
- Exceptional communication skills; creates an atmosphere in which timely information flows smoothly through the organization.
- Able to work in a matrix organization and make things happen without having to own all the resources; leverages shared resources to achieve results.
- Able to consistently make decisions in a timely manner sometimes with incomplete information and under tight deadlines and pressure. Comfortable challenging organizational norms and accepted thinking to improve effectiveness.
- Trustworthy with strong business integrity and ability to hold sensitive information in confidence
- Ability to integrate and balance priorities, work activities and resources for the benefit of multiple key stakeholders.
- Strong quantitative and qualitative analysis skills; ability to take large volumes of complex information and present it in a clear and concise manner to senior management, owners and franchisees; uses data and a cogent problem-solving methodology in decision making and impact assessment.
- Strong business performance management abilities– effectively deploys and manages resources, monitoring the progress of work against schedules, budgets, quality standards, and achieving/exceeding planned economic benefits in a dynamic operating environment.
- Steps forward to address difficult issues; strong mediation skills to facilitate a constructive approach to dealing with conflict; guides others toward the accomplishment of identified, meaningful goals.
- Strong leader of people – ability to create a compelling vision, demonstrate flexibility in approach; and motivates others (who may, oftentimes, not be direct reports) to achieve desired results.
- Active learner -- able to enhance personal, professional and business growth through new knowledge and experiences; pushes the organization to learn from other industries’ standards and practices.
Education or Certification
- Baccalaureate degree in Accounting, Finance, or related discipline required.
- CPA strongly preferred; MBA a plus.
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.
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