Assistant Manager of Accounting Foreign Exchange and Hedging
Position Summary
Corporate Financial Accounting (CFA) is a headquarter-based accounting department responsible for the accounting and reporting relating to Marriotts investment, development, joint venture, foreign exchange and international banking activities. The Assistant Manager will assist in the accounting and financial reporting for Marriotts foreign currency hedges and derivative transactions, as well as analyses of consolidated financial results due to foreign exchange. Additionally, the position will support the department in partnering with multiple stakeholders to ensure delivery of department deliverables. This position reports to the Manager, CFA Banking Team.
CLS Expected Contributions and Responsibilities
Develop a solid understanding of the accounting and reporting for foreign currency transactions and financial statement translations to ensure compliance with ASC 830, Foreign Currency Matters.
Provide assistance and training on a regular basis to finance/accounting colleagues across the globe regarding foreign currency issues.
Prepare analysis of company-wide impact to financial results driven by FX fluctuations and hedging activities; provide commentary and deliver reports to senior management and various groups within Global Finance.
Analyze enterprise-wide FX exposures, including those in foreign assets and liabilities, cash flow from international affiliates, as well as net investments in foreign subsidiaries, in support of Global Treasury in executing hedging strategies to manage FX risk.
Analyze foreign currency derivative instruments and determine the appropriate accounting treatment; work with Accounting Policy Group to ensure proper disclosure on forms 10-Q and 10-K.
Perform assessment of functional currency determinations for new international subsidiaries and branches.
Gather information on cumulative translation adjustment (CTA) for selected business units or operating units in support of potential divestiture transactions.
Perform accounting research and apply complex accounting concepts on ad-hoc transactions and projects.
Maintain systems and controls to ensure compliance with Marriott International policy (MIP 66) reporting requirements relating to foreign exchange.
Support internal and external audit requests regarding foreign currency transactions, foreign currency hedging transactions, and currency translation adjustments.
Act as a key contributor in the departments continuous business process improvement efforts.
Skill Requirements
Solid understanding of accounting concepts and standards, with close attention to details
Strong software skills to extract and evaluate significant volumes of accounting data
Strong quantitative and qualitative analysis and research skills
Comfort with complexity, ambiguity, and change
Excellent verbal and written communication skills, promoting an environment that allows timely information flows and concise articulation of complex issues
Strong interpersonal and organizational skills to work in a team environment and maintain effective client relationships
Strong analytical and problem-solving skills with the ability to work independently and manage multiple time-sensitive assignments simultaneously
Positive attitude with high degree of initiative, personal responsibility, and integrity
Specific Candidate Profile
BS/BA in Accounting, Finance, or related discipline; CPA, MBA, or advanced degree in Accounting or Finance a plus
Three or more years of progressive job experience in accounting/finance field
Proficient knowledge of Microsoft Office applications, with strong focus on spreadsheet applications
International accounting experience a plus, but not required
PeopleSoft general ledger experience a plus, but not required
The salary range for this position is $81,200 to $121,400 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 worlds 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.
Apply Now
Corporate Financial Accounting (CFA) is a headquarter-based accounting department responsible for the accounting and reporting relating to Marriotts investment, development, joint venture, foreign exchange and international banking activities. The Assistant Manager will assist in the accounting and financial reporting for Marriotts foreign currency hedges and derivative transactions, as well as analyses of consolidated financial results due to foreign exchange. Additionally, the position will support the department in partnering with multiple stakeholders to ensure delivery of department deliverables. This position reports to the Manager, CFA Banking Team.
CLS Expected Contributions and Responsibilities
Develop a solid understanding of the accounting and reporting for foreign currency transactions and financial statement translations to ensure compliance with ASC 830, Foreign Currency Matters.
Provide assistance and training on a regular basis to finance/accounting colleagues across the globe regarding foreign currency issues.
Prepare analysis of company-wide impact to financial results driven by FX fluctuations and hedging activities; provide commentary and deliver reports to senior management and various groups within Global Finance.
Analyze enterprise-wide FX exposures, including those in foreign assets and liabilities, cash flow from international affiliates, as well as net investments in foreign subsidiaries, in support of Global Treasury in executing hedging strategies to manage FX risk.
Analyze foreign currency derivative instruments and determine the appropriate accounting treatment; work with Accounting Policy Group to ensure proper disclosure on forms 10-Q and 10-K.
Perform assessment of functional currency determinations for new international subsidiaries and branches.
Gather information on cumulative translation adjustment (CTA) for selected business units or operating units in support of potential divestiture transactions.
Perform accounting research and apply complex accounting concepts on ad-hoc transactions and projects.
Maintain systems and controls to ensure compliance with Marriott International policy (MIP 66) reporting requirements relating to foreign exchange.
Support internal and external audit requests regarding foreign currency transactions, foreign currency hedging transactions, and currency translation adjustments.
Act as a key contributor in the departments continuous business process improvement efforts.
Skill Requirements
Solid understanding of accounting concepts and standards, with close attention to details
Strong software skills to extract and evaluate significant volumes of accounting data
Strong quantitative and qualitative analysis and research skills
Comfort with complexity, ambiguity, and change
Excellent verbal and written communication skills, promoting an environment that allows timely information flows and concise articulation of complex issues
Strong interpersonal and organizational skills to work in a team environment and maintain effective client relationships
Strong analytical and problem-solving skills with the ability to work independently and manage multiple time-sensitive assignments simultaneously
Positive attitude with high degree of initiative, personal responsibility, and integrity
Specific Candidate Profile
BS/BA in Accounting, Finance, or related discipline; CPA, MBA, or advanced degree in Accounting or Finance a plus
Three or more years of progressive job experience in accounting/finance field
Proficient knowledge of Microsoft Office applications, with strong focus on spreadsheet applications
International accounting experience a plus, but not required
PeopleSoft general ledger experience a plus, but not required
The salary range for this position is $81,200 to $121,400 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 worlds 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.
Apply Now