Senior Manager, Accounting – Risk Finance

Marriott Hotels Resorts•Bethesda, MD

17d

About The Position

JOB SUMMARY The Senior Manager will manage the day-to-day activities relating to general accounting and financial analysis aspects of the Risk Management’s global Insurance Programs. This position oversees a team of two in the management and execution of financial and accounting processes that support financial and operational business strategies and plans designed to enable Risk Management to achieve its business objectives. EXPECTED CONTRIBUTIONS Manage the complex accounting activities of Risk Management’s global insurance programs, including developing and monitoring multiple allocations and billing mechanisms to ensure that program funding is accurately captured, recorded, analyzed, and communicated. Ensure the completeness and accuracy of financial information, explain trends and/or variations in results vs. expectations, and develop and implement actionable recommendations and responses to address identified business challenges and opportunities. Lead efforts to review monthly P&L statements for Risk Management’s insurance programs. Act as the day-to-day primary contact for addressing accounting and financial reporting issues and questions. Review significant cash flow activity and verify accuracy of cash flow presentation through review of supporting schedules, analysis, and discussions with process owners. Explain and analyze business drivers and significant transactions that impact the cash flow statement. Conduct or engage in regular meetings with business contacts on major transactions and work with other team members and the Accounting Policy group to ensure transactions and new policies are recorded correctly in accordance with GAAP. Monitor casualty insurance reserves and record Marriott’s liabilities accordingly to ensure financial statements are properly presented, partnering with the third party actuarial service provider. Monitor and analyze ongoing and initiatives costs to ensure compliance with funding and cost allocation methodologies and to determine over/under recovery positions. Perform funding and cost analyses to support business decision making and to respond to internal management and external parties’ inquires. Update annual program rates for Risk Managements’ programs and services within the Marriott’s annually issued budget guidelines ensuring rates comply with business objectives and allocations align with approved methodologies. Prepare relevant audit schedules/PBC’s and respond to related audit questions as necessary to support the internal and external audit requirements Ensure the effectiveness of internal controls over Risk Management accounting and financial reporting processes. Partner with leaders of Risk Management disciplines to monitor and maintain appropriate accounting and cost recovery mechanisms for their global programs and services provided to hotels and owners. Coordinate, prepare, and review complex special projects, studies and analyses as requested by management. Prepare, monitor, and analyze Marriott’s restructuring and transition costs, including appropriate classification of reimbursable costs. Partner with third party actuarial service provider to ensure completeness and accuracy of balance sheet insurance reserves, providing detailed analyses on quarterly and semi-annual adjustments. Develop and review documentation of current accounting policies and procedures and initiate possible updates or improvements.

Requirements

Minimum 7 years’ financial management experience in a global organization with increasing management responsibility including complex data analysis and financial modeling.
Strong technical accounting skills; understanding of Generally Accepted Accounting Principles and related controls.
Strong quantitative and qualitative analysis skills; able to take complex information and present it in a clear and concise manner
Broad understanding of accounting and the correlation of operating Financial Statements.
Strong organizational skills and effectiveness in prioritizing and managing multiple priorities.
Able to work independently.
Effectively work in a team environment.
Ability to embrace continuous process improvement.
Detail-oriented individual capable of supervising standard and non-standard accounting processes.
Baccalaureate degree in accounting

Nice To Haves

Previous PeopleSoft experience strongly preferred.
CPA preferred

Responsibilities

Manage the complex accounting activities of Risk Management’s global insurance programs
Ensure the completeness and accuracy of financial information
Lead efforts to review monthly P&L statements for Risk Management’s insurance programs
Act as the day-to-day primary contact for addressing accounting and financial reporting issues and questions
Review significant cash flow activity and verify accuracy of cash flow presentation
Explain and analyze business drivers and significant transactions that impact the cash flow statement
Conduct or engage in regular meetings with business contacts on major transactions
Monitor casualty insurance reserves and record Marriott’s liabilities accordingly
Monitor and analyze ongoing and initiatives costs to ensure compliance with funding and cost allocation methodologies
Perform funding and cost analyses to support business decision making and to respond to internal management and external parties’ inquires
Update annual program rates for Risk Managements’ programs and services within the Marriott’s annually issued budget guidelines
Prepare relevant audit schedules/PBC’s and respond to related audit questions as necessary to support the internal and external audit requirements
Ensure the effectiveness of internal controls over Risk Management accounting and financial reporting processes
Partner with leaders of Risk Management disciplines to monitor and maintain appropriate accounting and cost recovery mechanisms for their global programs and services provided to hotels and owners
Coordinate, prepare, and review complex special projects, studies and analyses as requested by management
Prepare, monitor, and analyze Marriott’s restructuring and transition costs, including appropriate classification of reimbursable costs
Partner with third party actuarial service provider to ensure completeness and accuracy of balance sheet insurance reserves, providing detailed analyses on quarterly and semi-annual adjustments
Develop and review documentation of current accounting policies and procedures and initiate possible updates or improvements