Senior Manager, Project Accounting, Procurement & Global Design - US & Canada and CALA

POSITION SUMMARY              

Lead Project Accounting Contact for multiple Business Groups/Customers and business models, requiring varying day-to-day accounting responsibilities, analytics, reporting, budgeting, forecasting and relationship management. Oversee projects of significant size, risk and high complexity, discipline or department. Leads project accounting team in support of the designated areas (assumes understanding of specific deal terms and structure), ensuring timely and accurate accounting services are provided to multiple internal and external customers. Responsible for fully leveraging technology and resources to institute and maintain world class processes that balance efficiency with specified service levels and liaison with multiple Finance Business Partners (FBP’s). Understands and conversant in deal structures of high complexity. Interacts with senior continent and/or business leaders, related required reporting and continually evolving business needs 

EXPECTED CONTRIBUTIONS           

• Project Accounting (Professional Services area) related to Development projects, Technical Services Agreements (TSAs), Project Improvement Plans (PIPs), CAPEX activities and Procurement owner contracts for hotels and residential units, for all brands. Duties include leadership of team performing cost accounting in accordance with GAAP for capitalization of deal costs, Revenue Recognition ASC 606 treatment, contract review, billing, collections and closeout. 


• Position involves foreign currency translation and jurisdictional tax requirements in multiple international countries and for all US states and local jurisdictions (e.g. VAT, Withholding taxes, Sales/Use Taxes) and financial contract administration for tri-party agreements. Review applicable domestic or international tax requirements, to ensure taxes are billed, accrued and paid in accordance with jurisdictional regulations. 


• Development accounting and account reconciliations for pre-construction projects.


• Responsible for management and professional development of a team of associates in the completion of all project accounting related processes. 


• Develops and maintains relationships with owners and internal customers. 


• Manage centralized Procurement Accounts Payable (A/P) group. Research and resolve exception and unusual issues that arise in daily processing of vendor invoices. A/P issues are complex with pricing variations, tariffs, product defects/returns, varying sales/use tax bases and rates, manual processes related to international wires, and POs with hundreds of line items requiring invoice payment matching. Manage and communicate multi discipline, highly visible project forecasts for assigned projects, identification of risks and opportunities. May also include preparation/review of construction draws to lenders/owners/customers.


• Responsible for leading the team in identification and implementation of process enhancement opportunities that increase efficiency and allow for consistency of efforts. Includes lead role in utilizing technology to improve operations. 


• Manage project Billing process for 1,000+ projects and related activities; may include contractual agreements including foreign currency translation issues.


• Accountable for Accounts Receivable (A/R) and cash flow in assigned project type areas, including responsibility for problem receivables as A/R escalation point of contact, delinquency reserve/write-off proposals, reporting and related processes. Conduct frequent A/R reviews with each business leadership group. Engage Development, MI Legal, Development Asset Management, and Owner & Franchise Services (OFS) as needed. Partner with (OSF) to coordinate payment of outstanding owner invoices from Key Money payments.


• Work with and resolve ad hoc requests from owners, vendors, project managers, procurement agents and other internal contacts. 


• Provide Cash Flow Forecasting on ad hoc basis to support an owner’s financing process. 


• Prepare analysis and calculate quarterly procurement fees, other revenue and expense accruals. 


• Participate in Project Lightyear and Coupa detail design, User Acceptance Testing (UAT), implementation and stabilization related to vendors, Accounts Payable (A/P), project costing, billing, contract financial administration, etc. Lead team through the change management and involvement in all phases of detail design through stabilization. 


• Evaluate current business processes and partner with internal customers to enhance and roll-out changes as appropriate. 


• Obtain annual resale tax certificates for US states that require it for Marriott’s contracting entit(ies). 


• Manage reconciliation and clearance of transactions from A/P Clearing Account 


• Invoice vendors and collect travel reimbursement payments for procurement factory visits. 


• Review and provide inputs to monthly procurement volume reports for forecasting, budgeting and staffing planning. 


• Manage Assigned business units and project type area general ledger account balances ensuring accuracy of financial statements, balance sheet, reporting; supports annual budget prep (workload drivers and volume projections) and monitoring for area of responsibility. 


• Establish strong working relationships with the relevant Finance Business Partner and other project/department management, internal and external owners and customers. 


• Implement strong internal controls in all related project accounting processes; review and approve general ledger account reconciliations to ensure accuracy and timeliness in accordance with company policy. 


• Lead teams in efforts to identify and implement the most efficient and value-added services and related processes to the product line and other project accounting leaders. 


• Manage four or more accounting professionals, sets departmental/project related goals and priorities, operates independently in most cases with minimal supervision required. 


• Utilizes strong systems skills in multiple applications to streamline processes and gain efficiencies (group/dept wide focus). 

CANDIDATE PROFILE

KEY TALENTS AND EXPERIENCE 

• Excellent PC skills, proficient in Microsoft Office products 


• PowerBI, Power Query and fluency with Co-Pilot experience preferred 


• PeopleSoft, Oracle and/or Coupa software experience preferred 


• Knowledge of accounting and auditing principles required (GAAP) 


• Excellent interpersonal and oral/written communications skills required 


• Strong organizational skills and ability to meet deadlines and effectively manage multiple priorities 


• Ability to work independently and in a team setting 


• Knowledge of contracting, construction/design industry, procurement, project management and consulting agreements preferred 


• Ability to identify issues, recommend solutions, and implement resolutions 


• Strong analytical skills and effective problem-solving abilities; makes decisions using data; anticipates risks and consequences of current issues on future project outcomes 


• Ability to build and maintain key relationships and to coordinate with other departments and owners


• Customer-service oriented perspective and an effective listener 


• Must be a self-starter, capable of identifying needs/requirements and taking independent action 


• For positions supporting the Caribbean & Latin American region, fluency in both English & Spanish preferred 

EDUCATION AND PROFESSIONAL CERTIFICATION 

• Bachelor’s degree required, Accounting/ Finance major a plus 


• CPA preferred 


• 10+years professional experience 


• 5+ years management experience required 

At Marriott International, we are dedicated to being an equal opportunity employer, welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and celebrated. Our greatest strength lies in the rich blend of culture, talent, and experiences of our associates. We are committed to non-discrimination on any protected basis, including disability, veteran status, or other basis protected by applicable law.