Job Posting for Vice President, Corporate Assistant Controller at Corporate
Posting Date Dec 28, 2020 Job Number 20201276 Job Category Finance & Accounting Location Marriott International HQ, 10400 Fernwood Road, Bethesda, Maryland, United States VIEW ON MAP Brand Corporate Schedule Full-Time Relocation? Y Position Type Management
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 senior member of the Controller Leadership Team, the Corporate Discipline Controller will partner with other Global Finance leaders to develop the appropriate strategies and implement best practices that will enable operational excellence in the management, accounting, and reporting of MI’s global business. This position will oversee a large professional work team responsible for the more complex and technically challenging accounting areas for the company. The Corporate Discipline Controller will be responsible for creating accounting processes to meet all control and GAAP requirements while also allowing for the flexibility to accommodate evolving future business needs.
Lead the accounting and reporting of Marriott’s mergers and acquisitions, foreign currency and interest rate derivatives, corporate debt offerings, foreign currency transactions, long-term investment activities, international cash management processes relating to cash repatriations and bank account management, project accounting relating to Marriott’s hotel development activities, and oversight of US GAAP accounting for all leasing arrangements.
Plan and direct the accounting and reporting processes to ensure the proper management and administration of Marriott’s global financing activities including: the accurate and timely servicing of a complex global loan portfolio; the accurate and timely payment of debt service, fees, interest rate hedges and other financing costs on all corporate debt; compliance with US and local country GAAP relating to foreign currency transactions, translating financial statements, revaluing foreign currency transactions, and determining the proper treatment of foreign currency hedging transactions.
Develop and implement “best practice” policies, processes, and procedures to ensure cost effective and efficient work processes.
Lead the design and implementation of accounting processes and controls across a wide variety of business processes to ensure compliance with GAAP, SOX and company objectives. Ensure that each process is designed to deliver accurate results for reporting and analysis.
Provide ongoing guidance to Finance Business Partners and Finance Centers of Expertise concerning issues related to the application of GAAP to the various fund accounting processes. Ensure that the relevant processes are in place to deliver accurate GAAP accounting and reporting for Marriott’s Reimbursed Revenues and Expenses.
Partner with Treasury, Tax and International Continents to ensure the efficient and effective use of cash and currency management systems, including identifying opportunities for, and the implementation of, cash concentration mechanisms. Support Treasury and Asset Management with loan recoveries, refinancings and workout activity by providing quantitative and qualitative analyses. Partner with Treasury, International Continents and Financial Reporting & Analysis to develop a reporting framework for foreign exchange financial instruments.
Provide management oversight for the accounting of Marriott’s lodging and corporate joint venture interests. This responsibility encompasses the accounting for ventures (either directly or through the oversight of hotel Directors of Finance), managing the accurate and timely receipt of financial information from partners where the venture’s books are maintained by the partner, as well as supporting Asset Management, Legal, Project Finance, Tax, and Continent Finance teams in the formation, acquisition, and divestiture of joint venture interests.
Collaborate with other Finance leaders in designing Global Finance policies, processes and tools to ensure the implementation of robust accounting processes to monitor the achievement of business goals.
Identify technologies to enable enhanced automation of business processes and controls to improve financial and operating performance.
Develop and maintain strong relationships with other Finance teams (i.e., International Continents, Treasury, and Tax) providing guidance and/or consultation in the development of strategies (e.g., global cash and currency management) to improve financial and operational performance of the business.
Direct the work activities of the team including establishing business priorities and managing performance against these objectives; developing the organizational infrastructure necessary to deliver against current and future work requirements; and developing talent for future assignments.
Champion excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement.
KEY SKILLS AND EXPERIENCE
Fifteen+ years of broad financial management experience with recent experience overseeing GAAP accounting; experience in a global organization for a large fortune 100 company preferred.
Ten+ years in a management role; demonstrated success leading and developing a strong team in a complex, service-intensive, deadline-driven environment.
Strong technical accounting skills; understanding of GAAP and related controls and maintains knowledge of ongoing changes in accounting regulations.
Knowledge financial management tools, methodologies, governance frameworks and processes; ability to drive process improvements and implement best practices.
Strong qualitative and quantitative analytical skills; ability to take large volumes of complex information and present it in a clear and concise manner appropriate for senior management decision-making.
Results oriented; delivers results under difficult conditions and time constraints and demonstrates balanced judgment under pressure.
Operates with a collaborative mindset to ensure that key stakeholders are considered, eliminating the need for duplicate systems; builds strong relationships to leverage information and insights to anticipate and respond to project risks; communicates well with project and other leaders; openly shares and does not withhold information; makes things happen without having to own all the resources; leverages shared resources to achieve results.
Communicates effectively, both orally and in writing; listens to others and effectively comprehends information; creates an environment allowing timely information flows throughout the organization.
Responsive; ability to integrate and balance priorities, work activities and resources for the benefit of multiple key stakeholders, as well as for department staff members.
Ability 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.
Ability to sell ideas persuasively; settles differences and wins concessions without damaging relationships; can be both direct and forceful while remaining diplomatic.
Education and Professional Certification
Baccalaureate degree in Accounting, Finance, or related discipline required.
MBA or master’s degree with a concentration in Finance/Accounting strongly preferred.
LOCATION: This position will be based at MI Corporate Headquarters in Bethesda, Maryland.
Marriott International is an equal opportunity employer. We believe in hiring a diverse workf