What are the responsibilities and job description for the Assistant Manager Accounting, Joint Ventures position at Marriott International?
Job Description
Description
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?
Job Summary
The Assistant Manager of Joint Venture Accounting will be responsible for assisting with all aspects of accounting, reporting, and analysis for Marriott ' s lodging and corporate joint ventures, including mixed-use ventures. The Assistant Manager will produce financial information needed by various stakeholders to effectively manage the business and meet reporting obligations. Emphasis will be placed on underlying business processes and tools that produce accurate, timely, and complete results. This position reports to the Manager(s) of Joint Venture Accounting and is a key member of the Marriott ' s Corporate Financial Accounting ("CFA ") management team.
Overall Responsibilities
- Ensure that the Company's interests in joint ventures ("JVs ") are properly accounted for and reported on the Company's books, including converting local GAAP to US GAAP for international ventures.
- Ensure that reporting obligations to partners, lenders and other key stakeholders are met in a timely and accurate manner.
- Assist in managing the preparation of year-end and preliminary audit schedules and footnote disclosures for the Marriott consolidated financial statement audit.
- Assist in the development and maintenance of processes and procedures to ensure accurate calculation, review, and reporting of monthly actual results, monthly forecasted results, annual budget and long-range plan for the joint venture portfolio.
- Utilize Essbase cubes and Hyperion Financial Reporting / Management to develop and maintain reports to assist in the financial reporting of JV results.
- Assist in maintenance of a data repository for each JV that includes all legal documents pertaining to the Joint Venture such as the partnership agreement and audited financial statements for each fiscal year.
- Ensure proper controls are in place to effectively manage compliance with Marriott policies as applicable to the JV portfolio.
- Develop and maintain processes to ensure compliance with financial terms of JV agreements. Examples include ensuring that financial statements are audited and reviewed on a timely basis and dividends are declared and paid.
- Provide financial information such as book balances and forecasts to support management in non-recurring transactions, including impairments, purchases, sales, or redemptions of JV interests.
- Assist the Managers in prioritizing projects and workloads of the department members and establishing deadlines around those priorities.
- Partner with multiple Marriott departments (Accounting Policy, Finance Business Partners, Asset Managers, Tax, Legal) to obtain information for new JVs, assisting with the review of draft agreements and ensuring JV agreements include language which provides for receipt by Marriott of necessary financial information.
- Other duties as assigned.
Skill Requirements
Educational Requirements
The salary range for this position is $81,200 to $121,400 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.
About the Team
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.
Salary : $81,200 - $121,400
