Additional InformationJob Number 24189213Job Category Finance & AccountingLocation Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States, 20814VIEW ON MAP (https://www.google.com/maps?q=Marriott%20International%20HQ%2C%207750%20Wisconsin%20Avenue%2C%20Bethesda%2C%20Maryland%2C%20United%20States%2C%2020814)Schedule Full TimeLocated Remotely? NPosition Type ManagementJob SummaryThe Manager of Corporate Financial Accounting is responsible for the accounting and analysis for Marriott’s foreign currency transactions, foreign currency derivatives, and foreign currency exposures. Central roles of this position include managing the monthly close, ensuring proper accounting, reporting, and controls are maintained, and providing expertise to others throughout the organization on foreign currency technical accounting matters. As part of these processes, the Manager will supervise professional associates and assist in guiding their professional development and will also develop, foster, and maintain strong collaborative relationships with departments and individuals throughout the Company's organization. Additionally, the position will support the department in partnering with multiple stakeholders to ensure delivery of department deliverables. This position reports to the Senior Manager, CFA Banking Team, and is a key member of the Marriott's Corporate Financial Accounting ("CFA") management team.Expected Contributions and Responsibilities
Ensure accounting is compliant with ASC 830, Foreign Currency Matters, for a significant volume of foreign currency transactions, including translation of financial statements and revaluation of foreign currency transactions.
Provide oversight and training on a regular basis regarding foreign exchange principles and issues.
Review analysis of company-wide impact to financial results driven by FX fluctuations and hedging activities; provide commentary and deliver reports to senior management and various groups within Global Finance.
Analyze enterprise-wide FX exposures, including those in foreign assets and liabilities, cash flow from international affiliates, as well as net investments in foreign subsidiaries, in support of Global Treasury in executing hedging strategies to manage FX risk. Ensure it is consistent with expectations relative to Marriott’s exposed foreign asset and liability position.
Analyze foreign currency derivative instruments and determine the appropriate accounting treatment; work with Accounting Policy Group to ensure proper disclosure on forms 10-Q and 10-K.
Support assessment of functional currency determinations for new international subsidiaries and branches and evaluate existing determinations on a periodic basis.
Analyze information on cumulative translation adjustment (CTA) for selected business units or operating units in support of potential divestiture transactions and determine proper accounting treatment.
Ensure appropriate accounting treatment and timely resolution of complex issues requiring involvement of senior management, including proper recognition of associated foreign exchange gains/losses and ad-hoc transactions and projects.
Maintain systems and controls to ensure compliance with Marriott International policy (MIP 66) reporting requirements relating to foreign exchange.
Manage internal and external audit requests regarding foreign currency transactions, foreign currency hedging transactions, and currency translation adjustments.
Act as a key contributor in the department’s continuous business process improvement effort.
Monitor and review system postings from a treasury workstation system to ensure accuracy of derivative instrument transactions.
Utilize a treasury workstation system to accurately record domestic and foreign cash transactions in the general ledger, specific concentration on foreign exchange trade and swap transactions.
Maintain and enhance monthly reporting of foreign exchange activity to key stakeholders within the organization, including senior management. For external reporting, partner with Financial Reporting to ensure compliance with US GAAP reporting standards.
Support management in gathering information and discussion of periodic hedge reporting and quarterly hedge committee presentations.
Knowledge, Skills, and Attributes
Solid understanding of accounting concepts and standards, with close attention to details
Working knowledge of U.S. generally accepted accounting principles
Experience with accounting in a multi-currency environment under multiple bases of accounting.
Experience with performing technical accounting research, and ability to leverage multiple tools in an effective manner while navigating complex transactions.
Strong software skills to extract and evaluate significant volumes of accounting data.
Strong quantitative and qualitative analysis and research skills
Comfort with complexity, ambiguity, and change.
Strong interpersonal and organizational skills to work in a team environment and maintain effective client relationships.
Strong analytical and problem-solving skills; with the ability to manage multiple time sensitive assignments simultaneously and work both collaboratively and independently.
Positive attitude, flexible and a high level of enthusiasm and energy.
Highly proficient with Microsoft office applications, with strong focus on spreadsheet applications.
Experience with PeopleSoft, nVision and Hyperion Financial Systems a plus.
Knowledge of Treasury workstation system a plus
Exceptional communication and interpersonal skills, promoting an environment that allows timely information flow throughout the organization.
Proven contribution within a multi-task environment
Demonstrates sound organizational and prioritization skills, high performance levels under tight deadlines.
Experience with leading and implementing proactive process improvements.
High degree of initiative, personal responsibility, and integrity
Specific Candidate Profile
BS/BA in Accounting, Finance, or related discipline
CPA, MBA, or advanced degree in Accounting or Finance a plus
Five or more years of progressive job experience in accounting/finance field; international accounting exposure highly preferred
Experience in a large public accounting firm strongly preferred.
The salary range for this position is $92,500 to $130,200 annually. Marriott offers a bonus program, comprehensive health care benefits, 401(k) plan with up to 5% company match, employee stock purchase plan at 15% discount, accrued paid time off (including sick leave where applicable), life insurance, group disability insurance, travel discounts, adoption assistance, paid parental leave, health savings account (except for positions based out of or performed in Hawaii), flexible spending accounts, tuition assistance, pre-tax commuter benefits, other life and work wellness benefits, and may include other incentives such as stock awards and deferred compensation plans. Benefits and incentive compensation may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions.The compensation and benefits information is provided as of the date of this posting. Marriott reserves the right to modify compensation and benefits at any time, with or without notice, subject to applicable law.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. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.
