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

Job Description

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,…