What are the responsibilities and job description for the Manager, Joint Venture Accounting position at Marriott?
Additional Information
Job Number 25005732
Job Category Finance & Accounting
Location Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States, 20814 VIEW ON MAP
Schedule Full Time
Located Remotely? N
Position Type Management
JOB SUMMARY
This position is responsible for the maintenance of world-class accounting, reporting, and analytical processes related to Marriott's joint venture ("JV") portfolio. The Manager is responsible for analyzing financial information and managing the production of periodic and ad-hoc reports needed by various internal and external stakeholders to effectively manage the business and meet reporting obligations. Central roles of this position include managing the monthly close, budgeting, forecasting, and reporting processes for both consolidated and non-consolidated entities and ensuring that robust documentation is maintained for each joint venture, including significant accounting positions and U.S. GAAP adjustments. 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, as well as with joint venture partners, bookkeepers, auditors, bankers, and tax and financial reporting specialists. This position reports to the Senior Manager, Joint Venture Accounting, and is a key member of the Marriott ' s Corporate Financial Accounting (“CFA") management team.
EXPECTED CONTRIBUTIONS
- Ensure that the Company's interests in JVs are properly accounted for and properly reported on the Company's books, including converting local GAAP to US GAAP for international ventures.
- Develop, maintain, and manage the JV-related reporting processes that provide timely, accurate, and decision useful information to a variety of stakeholders including Continent finance teams, Asset Managers, Financial Reporting and Analysis, auditors, Investor Relations, JV partners, external professional services firms, and regulatory authorities.
- Analysis of JV results and the preparation of financial statements, footnote disclosures, long range plans, budgets, forecasts, and audit related PBCs are examples of such information. Identify opportunities and assist in the development of improvements to the JV Reporting process that enhance efficiency.
- Establish and maintain strong relationships with joint venture partners to facilitate the accumulation of timely information for each JV.
- Manage and develop accounting professionals, prioritize projects and workloads, and establish deadlines around those priorities.
- Develop and maintain a strong control environment to effectively manage compliance with Marriott policies as applicable to the JV portfolio.
- Develop and maintain processes to ensure compliance with the financial terms of JV agreements. Examples include ensuring that financial statements are reviewed and audited on a timely basis and dividends are declared and paid.
- Manage a data repository for each JV that includes all legal documents pertaining to the venture, such as the partnership agreement and audited financial statements for each fiscal year.
- Research and collaborate with others regarding technical GAAP questions, significant transactions, increases or decreases in ownership interests, property-level debt refinancing, distributions, impairments, reporting considerations, and capital calls.
- Partner with multiple Marriott departments (Finance Business Partners, Asset Managers, and Legal) to obtain information for new JVs, review the related agreements, and ensure the agreements provide for the receipt by Marriott of necessary financial information.
- Other responsibilities as assigned.
SKILL REQUIREMENTS
SPECIFIC CANDIDATE PROFILE AND EDUCATION REQUIREMENTS
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.
The salary range for this position is $93,400 to $132,200 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.
Salary : $93,400 - $132,200
