Job Description
JOB SUMMARY
The Senior Accountant has primary responsibility over the day-to-day accounting activities relating to the global casualty insurance programs, which provides workers' compensation, general and auto liability, employment practices liability, umbrella / excess, fidelity and fiduciary coverage to program participants. This position will monitor premium and deductible allocations and accounting for casualty insurance program costs of approximately $220 million annually, as well as develop knowledge and skills in financial aspects of Risk Management to support team, departmental and enterprise-wide business objectives. This position will also support the monthly, quarterly and annual P&L analysis and financial reporting.
EXPECTED CONTRIBUTIONS
Primary responsibilities include :
- Oversee the global casualty insurance premium MIGL allocations and other insurance charges made to operating units, ensuring that the allocations run timely and accurately. Perform a monthly analysis on premiums charged and research any discrepancies. Create, update and delete allocation parameters as needed.
Manage the RisKonnect parameter process including the chargeback mechanism, updating parameters for escrowed properties and updating parameters for contract changes and exits. Coordinate with Marriott systems team and third party system vendor as needed. On an annual basis, roll forward the parameters to reflect the new policy year.
Calculate and process the quarterly Federal Excise Tax return. Coordinate and work closely with the Tax department and the IRS on quarterly bill payments.Calculate the monthly insurance cost amortization.Partner with third party actuarial service provider in order to prepare the quarterly balance sheet reserve journal entries. Perform reconciliation between actuarial report and data provided to the actuaries in order to ensure completeness and accuracy of data used by the actuary. Provide claim data to third party actuaries on a monthly basis which they use for the quarterly actuarial reports.Prepare, analyze and present monthly P&L review to Risk Finance team. Communicate with team members on necessary variance explanations as needed.Assist in preparation of quarterly cash flow deliverable to Financial Reporting team. Attend quarterly meetings with Financial Reporting.Prepare quarterly balance sheet statement for Risk Management's insurance programs in support of audit controls.Calculate and maintain escrow reserves for properties that have exited the Marriott insurance program. Coordinate with business partners during escrow finalization so they can facilitate return to owners.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.Analyze current premium rates in order to set rates for next year.Create, maintain and present to the insurance team Powerbi analysis analyzing monthly chargebacks and premiums in order to assist the insurance team in making business decisions.Clear monthly suspense for the ALQ, ACR and B21 allocations. Research root cause of suspense and communicate with hotels and business partners in order to address the suspense issue going forward.Provide accounting support and coordinate monthly and quarterly accounting journal entries.Prepare relevant PBC's and respond to related audit questions as necessary to support the internal and external audit processes.Partner with Insurance, Claims, iT and other departments to provide support for specific requests, reports, and projects.Maintain a strong internal control environment and ensure all accounts are reconciled timely and accurately.Responding to corporate and operations questions and documentation needs.Coordinate, prepare, and review complex special projects, and analyses as requested by management.Demonstrate an awareness of personal strengths and areas for improvement and act independently to improve and increase skills and knowledge.Leverage technology to seek best practice solutions.Responsible for own work while managing team, department, and company objectives.Develop and review documentation of current accounting policies and procedures and initiate possible updates or improvements.CANDIDATE PROFILE
Experience
Minimum of 2 years of progressive job experience in accounting / finance field.Education or Certification
Baccalaureate degree in Accounting, Finance or related discipline required.Knowledge, Skills, and Attributes
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.Strong accounting & systems skills, including proficiency with Microsoft ExcelStrong financial acumen with proven analytical and problem-solving skills.Previous PeopleSoft experience preferred.Broad understanding of accounting and the correlation of operating Financial Statements.Strong verbal and written communication skills.Strong organizational skills and effectiveness in prioritizing and managing multiple priorities.Strong attention to detail and accuracy.Able to work independently.Effectively work in a team environment.Ability to embrace continuous process improvement.Ability to influence others and function effectively in a collaborative work environment.Excellent interpersonal skills with a "win-win" negotiating style, while effectively working in a team environmentDetail-oriented individual capable of supervising standard and non-standard accounting processes.Demonstrates an awareness of personal strengths and areas for improvement; acts independently to improve and increase skills and knowledgeStrong interpersonal skills.Location :
This position is based at MIHQ in Bethesda, MD.
The salary range for this position is $70,600 to $99,100 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 : $70,600 - $99,100
