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OB SUMMARY
As part of the EMEA Finance Business Support team, this role supports Global Design Project Accounting within the Europe, Middle East and Africa (EMEA) region together with certain select Program & Services. Key responsibilities include assisting with billing, Accounts receivable related activities like chasing debt, assisting with month end processes as well as monthly reporting and other accounting tasks whilst complying with Marriott International Policies as well as International and Local Standard Operating Procedures (MIPs, ISOPs and LSOPs).
Candidate Profile
Education and Experience
4- year bachelor’s degree in Finance and Accounting or a related major, and working toward a professional accounting qualification
Minimum of 3-4 years within accountancy role.
CORE WORK ACTIVITIES
Financial and Accounting Management
Perform project accounting duties for assigned projects of moderate to high complexity/financial risk ensuring compliance with Generally Accepted Accounting Principles
Complete accurate and timely project set-up in the financial systems (Peoplesoft and Mosaic)
Monitor and review project costs for accuracy and make applicable adjustment entries. Prepare and analyse project forecasts as applicable; identify potential risks and communicate appropriately
Ensure projects and any other related fees/reimbursable are billed in a timely and accurate manner, in accordance with owner/contractual requirements, including contractual agreements including foreign currency translation issue
Monitor accounts receivable items including past due complex accounts, escalate to appropriate level for resolution
Review applicable domestic or international tax requirements, to ensure taxes are accrued and paid in accordance with jurisdictional regulations
Prepare and issue timely and accurate project status reporting to management on a periodic basis
Complete timely and accurate project closeout activities in conjunction with Project Management and in accordance with owner and contractual requirements
Interact with owners and project directors regarding Project related issues
Compile and review account reconciliations for accuracy and resolve reconciliation issues for assigned projects
Support process improvement opportunities to drive consistent tools and processes by using technology. Recommend areas in which processes may be optimized and/or improved
Utilize strong system skills in multiple applications in order to streamline processes and gain efficiencies
Provide financial support to business owners on select Program & Services by monitoring, measuring, and forecasting costs versus funding (over/under).
Ensure correct accounting of revenue & costs according to the relevant accounting standards
Ensure accurate, timely billing to properties in line with signed agreements as well as timely collection of overdue debt and escalate to appropriate level as appropriate
Reconcile over/under as well as deferred revenue balance sheet accounts as appropriate
Coordinate and implement work and projects as assigned.
Generate and provide accurate and timely results in the form of reports, presentations, etc.
Analyses information and evaluate results to choose the best solution and solve problems.
Maintain a strong accounting and operational control environment to safeguard assets. Ensure compliance with Marriott International Policies, as well as standard and local operating procedures (SOPs and LSOPs )
Assist with period end function each period.
Inform and/or update key stakeholders on relevant information in a timely manner.
Keep up-to-date technically
Review audit issues and makes corrections as necessary.
Perform other reasonable job duties as assigned by the management to meet business needs.
Communication
Speak to hotels, owners, senior management, co-workers and other key stakeholders using clear, appropriate and professional language
Answer telephones using appropriate etiquette
Talk with and listens to other employees to effectively exchange information.
Present ideas, expectations and information in a concise, well organized way.
Working with Others
Build partnerships and maintain strong relationships with all senior managers and their teams and Headquarter Finance.
Develops and maintain positive and productive working relationships with other employees and departments.
Partners with and assist others to promote an environment of teamwork and achieve common goals.
Supports all co-workers and treat them with dignity and respect.
Handle sensitive issues with employees and/or customers with tact, respect, diplomacy, and confidentiality
Effectively leverages centralized accounting processes via OFB and AHS.
Policies and Procedures
Complies with all applicable laws.
Follow company and department policies and procedures.
Maintain confidentiality of proprietary materials and information.
Skills and Knowledge
Strong communication skills (verbal, listening, writing)
Strong organization skills
Strong analytical skills
Strong problem-solving skills
Ability to use standard software applications technology-savvy
Ability to acquire and maintain relationships e.g., associates, customers, vendors
Effective decision making skills
Effective influence skills
Effective change management skills
Strong customer and associate relation skills
Knowledge of overall hotel operations
Proficient in Excel
MANAGEMENT COMPETENCIES
Leadership
Adaptability - Determines how change impacts self and others; displays flexibility in adjusting priorities; and communicates both the reasons for change and how it impacts the workplace.
Communication - Customizes approach to conveying complex information and ideas to others in a convincing and engaging manner; appropriately interprets verbal and non-verbal behavior; and models active listening to ensure understanding..
Problem Solving and Decision Making - Models and coaches others on breaking complex issues into manageable parts, identifying and evaluating alternatives and their implications before making decisions, and involving and gaining agreement from others when making key decisions.
Professional Demeanor - Exhibits behavioral styles that convey confidence and command respect from others; makes a good first impression and represents the company in alignment with its values.
Managing Execution
Building and Contributing to Teams - Leads and participates as a member of a team to move the team toward the completion of common goals while fostering cohesion and collaboration among team members.
Driving for Results - Sets high standards of performance for self and/or others; assumes responsibility for work objectives; initiates, focuses, and monitors the efforts of self and/or others toward the accomplishment goals; proactively takes action and goes beyond what is required.
Planning and Organizing - Gathers information and resources required to set a plan of action for self and/or others; prioritizes and arranges work requirements for self and/or others to accomplish goals and ensure work is completed.
Building Relationships
Coworker Relationships - Interacts with others in a way that builds openness, trust, and confidence in the pursuit of organizational goals and lasting relationships.
Customer Relationships - Develops and sustains relationships based on an understanding of customer needs and actions consistent with the company’s service standards.
Global Mindset - Supports employees and business partners with diverse styles, abilities, motivations, and/or cultural perspectives; utilizes differences to drive innovation, engagement and enhance business results; and ensures employees are given the opportunity to contribute to their full potential.
Generating Talent and Organizational Capability
Organizational Capability - Evaluates and adapts the structure of team assignments and work processes to best fit the needs and/or support the goals of an organizational unit.
Talent Management - Provides guidance and feedback to help individuals develop and strengthen skills and abilities needed to accomplish work objectives.
Learning and Applying Professional Expertise
Applied Learning - Seeks and makes the most of learning opportunities to improve performance of self and/or others.
Business Acumen - Understands and utilizes business information to manage everyday operations and generate innovative solutions to approach team, business, and administrative challenges.
Technical Acumen - Understands and utilizes professional skills and knowledge in a specific functional area to conduct and manage everyday business operations and generate innovative solutions to approach function-specific work challenges
Economics and Accounting - Knowledge of P&L statements, operating budgets, forecasting and scheduling, and the reporting of financial data.
Auditing and Reconciliation - The ability to recognize, research, and resolve discrepancies in financial data, and create flow charts on main accounting and control cycles (A/R, AP, Cash) to facilitate understanding of key control points.
General Finance and Accounting - The ability to perform bookkeeping procedures, proficiently use financial systems technology, and accurately complete general ledger entries; knowledge of database structures in order to obtain financial queries; establish Cash flow statements and cash flow forecast with a good understanding the financials flows and the working capital needs.
Analysis - The ability to create and maintain spreadsheets as well as analyze and summarize financial data using appropriate financial software.
Accounting Knowledge - Knowledge of general accounting principles and current company accounting policies and procedures. This includes general accounting and financial reporting, auditing, accounts payable, and accounts receivable.
Accounting and Internal Control Knowledge - Knowledge of local Generally Accepted Accounting Principles (local GAAP), Marriott International Policies (MIP), and International Standard Operating Procedures (ISOPs).
Legal - Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities and profit distribution.
Auditing Skills - The ability to perform auditing procedures, including the ability to recognize, research, and resolve discrepancies in financial data.
Payroll Systems - Knowledge of local payroll reporting and tax requirements, ability to effectively record wages/tax liabilities, and operate payroll software applications, including understanding the features and functions of the applications.
Accounts Payable and Accounts Receivable - Knowledge of Accounts Payable and Accounts Receivable processes, including knowledge of subledger reconciliation and controls.
Basic Competencies - Fundamental competencies required for accomplishing basic work activities.
Basic Computer Skills - Uses basic computer hardware and software (e.g., personal computers, word processing software, Internet browsers, etc.).
Mathematical Reasoning - Demonstrates ability to add, subtract, multiply, or divide quickly, correctly, and in a way that allows one to solve work-related issues.
Oral Comprehension - Demonstrates ability to listen to and understand information and ideas presented through spoken words and sentences.
Reading Comprehension - Demonstrates understanding of written sentences and paragraphs in work-related documents.
Writing - Communicates effectively in writing as appropriate for the needs of the audience.
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.
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