Associate Director EME F&A

Education and Experience

• 4-year bachelor's degree in Finance and Accounting or related major; 5 to10 years experience in the finance and accounting or related professional area.

OR

• Master's degree in Finance and Accounting or related major; 5 year experience in the finance and accounting or related professional area.

CORE WORK ACTIVITIES

Engaging in Strategic Planning and Decision Making

• Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
• Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Thinks creatively and practically to develop, execute and implement new business plans.
• Co-ordinates the annual operating budget for the properties within the region.
• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property & regional managers.
• Helps to co-ordinate the development,  consolidation and implementation of a comprehensive annual business plan for the region which is aligned with the company’s and brand’s strategic direction.
• Produces accurate forecasts that enable operations to react to changes in the business.

Leading Finance Teams

• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.
• Oversees internal, external and regulatory audit processes.
• Provides on going analytical support by monitoring the operating department’s and regions actual and projected sales.

Anticipating and Delivering on the Needs of Key Stakeholders

• Demonstrates a commitment to meeting the needs of all key stakeholders.
• Understands and meeting the needs of key stakeholders (owners, corporate, guests, etc.).
• Advises the RDOF and RVP on existing and evolving operating/financial issues.
• Demonstrates an understanding of cash flow and owner priorities.
• Understands the owners' perspective and return on investment expectations.
• Attends meetings and communicating with the stakeholders, understanding the priorities and strategic focus.

Developing and Maintaining Finance Goals

• Ensures Profits and Losses are documented accurately.
• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
• Submits reports in a timely manner, ensuring delivery deadlines.

• Improves profit growth in operating departments.
• Coaches management team to ensure revenue goals are met and opportunities are identified and addressed.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
• Sets aggressive goals that will drive the property's financial performance.
• Provides pricing and inventory recommendations that increase market share and attain revenue growth and profit goals.

Managing Projects and Policies

• Champions the use of technology to create operational efficiency.
• Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
• Identifies key projects and manages associated Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.

Managing and Conducting Human Resource Activities

• Ensures employees are treated fairly and equitably.
• Holds staff accountable for successful performance.
• Maintains communication with all site Finance DOFs and Assistant Controllers to ensure goals are met; provides guidance toward improvement when necessary.

Additional Responsibilities

• Shares alternative viewpoints and encourages others to do so as well.
• Generates and provides accurate and timely results in the form of reports, presentations, etc.
• Negotiates effectively while maintaining positive relationships with others.
• Participates in sales strategy and revenue management meetings as applicable.

JOB SPECIFIC TASK LIST

Essential Job Functions

Management Accounting and Reporting

Consolidated EME

• Responsible for the proper and timely preparation of the European group financial management accounts and the consolidated European reporting package for all MVCI business units within Europe and the Middle East. Includes production of the Exec Reporting Pack, VO deck and Financial Updates pack for ITEX and US Snr Leadership. Reporting directly to the AVP Finance EME.
• Works independently with F&A and business leaders for all major process area to prepare and understand the performance drives and variances.
• Liaise with all the site and regional DOFs to ensure the reporting packs are complete with concise and meaningful variance analysis.
• Liaise with the US FAS Reporting Team on Europe results to ensure reporting in line with US, and to ensure month end is completed on time and accurately. Assist/manage as required to ensure this objective.

S&M

• Responsible for the Consolidated Reporting for the S&M Monthly Management Accounts and review of variances and performance drivers with the site teams and presentation of results to the Snr leaders in conjunction with the RDOF.
• Responsible for overviewing the accounting, forecasting and budgeting for S&M the 47PS Site and the review of the performance for the Management Accounts, Forecast and Budget.
• Responsible for overviewing the preparation and review and analysis of the FDB for EME S&M and the review of the FDBs with the Snr S&M leaders.
• Constantly review month end, Forecast and Budget requirements and reporting needs and adapt processes and develop reporting to meet the constantly changing needs of the business. Develop a Standardise period process for the S&M Finance and for the regional EME reporting.
• Identify areas of risk/weaknesses to the RDOF and present possible alternatives to eliminate or mitigate the risk/weaknesses.
• Develops knowledge of key business drivers and measurements.
• Liaises closely with S&M finance business units in regard to cost management.

Internal Controls & Financial Accounting.

• Review periodically the S&M Finance balance sheet reconciliations with the site DOFs and highlight any risks and implement improvements.
• Consolidate the S&M Finance quarterly MIP-66 and exception reports and submit to the RDOF for review, approval and sign off. Proactively work with the Site DOFs to identify issues and ensure they are resolved in a timely manner.
• Overview, co-ordinate  and manage the S&M SOX requirements for the EME region, work with the US to ensure process narratives are updated on a yearly basis and the that sites provide the interim and end of year reconciliations in a timely manner.
• Co-ordinate and manage the quarterly S&M Finance CSA requirements for the EME region. Ensure the sites complete the required reports, analysis, reconciliations for the CRMs on a quarterly basis to the required standards.
• Lead, co-ordinate and manage the yearly S&M Finance Site Audit process reviews with the Site DOFs. Complete onsite reviews and testing to ensure the required controls and processes are in place and that Sites are Audit ready.
• Management the Broker Audit process. Prepare and adapt the Audit checklist as needed based on changing processes, systems and requirements. Work with Broker and S&M and Site DOFs to complete the yearly broker audits.
• Work with US on LSOPs for S&M in the EME region. Ensure all LSOP are rolled out, implemented and followed up to ensure they are being applied in required manner.
• Work with Statutory dept. and S&M Finance Site DOFs to ensure that Management Accounting processes are aligned with Statutory requirements. Ensure new processes are reviewed with Statutory prior to roll out and the required Inter-co agreements and invoicing is in place.

Budgeting, Forecasting and Planning.

• Responsible for Consolidating the EME Forecast and for following up with US, AP and EME F&A and Business processes areas and leaders to understand and explain variances and drivers of performance. Works with RDOF to prepare consolidated forecasts timelines and instructions, and for identifying and preparing Risk and Opportunities.
• Responsible for Consolidating EME Budget and LRP and for following up with US, AP and EME F&A and Business processes areas and leaders to understand and explain variances and drivers of performance. Works with AVP to prepares budget and LRP timelines and distribute budget instructions to European accounting teams.
• Responsible for the EME product cost model.
• Co-ordinate and distribute the EME S&M budget guidelines to the Sites.
• Co-ordinating with the US to ensure the S&M Finance Budget model is updated on a yearly basis to meet the changing needs of the budget, and co-ordinating the budget upload process with the US and the Sites.
• Identify areas of risk/weaknesses to the RDOF and help ensure these items are follow up  to resolve these issues in a timely manner.
• Co-ordinate both the S&M period fully participative Forecast Process with the Sites, the US S&M teams and with IPSM and our S&M business partners. Host both the site and regional review meetings and prepare the consolidated forecast summary and commentary for review with the RDOF and Snr VP.
• Act as the point of contact between the US and Europe for budgets, forecasts, strategic and long ranges plans.

Staff Management, Support and Training

• Responsible for the Cork Assistant Accountant for S&M, who’s role involves the 47PS accounting and reporting, forecasting and budgeting. The preparation of the FDB for EME & S&M. The preparations of the Consolidated S&M month end reports, forecasts and the yearly Budgets
• Provide hands on S&M Finance Site support where we have staff turnover, new hires and other difficulties at the site.
• Provide support with task force efforts, special projects, initiatives or clean up efforts specific to the S&M Sites.
• Co-ordinate the S&M Finance Site teams with the completion of tasks and deliverables both regular and ad hoc items.
• Manage specific S&M Finance associates as the need arises and circumstances change.
• Provide training and refresher trainings to S&M Site F&A.
• Develop the S&M Finance training manual and tools for the sites in co-ordination and in alignment with the US.

Systems and Process Development.

• Project manage in conjunction with other team members major systems changes impacting S&M.
• Pro-actively develop S&M Finance processes and reporting in light of systems change and constantly changing requirements of the business.
• Project lead for S&M Finance Power BI report enhancement initiative.
• Maintain Process Outline documentation for S&M Finance, actualising as processes change over time.

Special Projects

• Convert ideas into action.
• Manage special projects, co-ordinating with multiple depts., working to strict deadlines, providing regular feedback, highlighting risks, resolving issues and post implementation follow up.
• Other tasks and projects as directed by RDOF.

MANAGEMENT COMPETENCIES

Leadership

• Adaptability – Develops strategies and identifies resources to implement and manage change; models flexibility in adjusting priorities; and communicates the need for change in a positive way that encourages commitment. 

• Communication - Actively listens and uses appropriate communication styles to deliver complex information in a clear concise way and influences others to accept a point of view, gain consensus, or take action.

• Problem Solving and Decision Making - Models and sets expectations for solving complex problems, collecting and comparing information to evaluate alternatives, considering their potential impact before making decisions, involving others to gain agreement and support, and guiding others to implement solutions.

• 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 - Focuses and guides others in accomplishing work objectives.

• Planning and Organizing - Gathers information and resources required to set a plan of action for self and/or others; prioritizes and arranges work requirements self and/or others to accomplish goals and ensure work is completed.

Building Relationships

• Coworker Relationships - Develops and uses collaborative relationships to facilitate the accomplishment of work goals.

• 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 organizational units, jobs, 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 (e.g., data related to employee engagement, guest satisfaction, and property financial performance) to manage everyday operations and generate innovative solutions to approach 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.

• 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 Vacations Worldwide is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture.