SP/AsstMgr-Full Service Compliance US amp Canada

Profile

Job SummaryThe Assistant Manager, Full Service (FS) Compliance is responsible for the monitoring, consolidation and reporting of key contractual milestones for the continent’s FS owned/leased and managed properties. The Assistant Manager uses analytical skills and finance knowledge to constantly monitor business and competitive trends in markets in the US and Canada to identify opportunities and threats to business goals. He/She assists in developing early warning systems to preempt or proactively inform and prompt the continent finance business leadership team in order to address non-compliant hotels. Expected ContributionsnnWork with Senior Manager to ensure property leadership complies with contracts in a timely and accurate manner, meeting contractual due dates regarding Owner reporting, including: nAnnual Operating Statement and certifications, quarterly representationsnAnnual Owner’s Priority validationnAudits of financial statements.nnnWork with Senior Manager to consolidate MIP 66 US and Canada reporting; including review and analysis of balances reported.nWork with Revenue Management/Legal/DFAs/GMs on market share determination, updates to STR reports, and preparing Side Letters to the Management Agreements.nMaintain tools to ensure compliance around Major Deduction thresholds found in certain individual management agreements.  For the Host Hotels and Resorts portfolio, this function has the added responsibility to ensure the timely and accurate submission of explanations for budget overages, as well as ensuring receipt of Owner approval or acknowledgement of these explanations. nManage Aged Receivables reporting to the Regions, update YTD summary files, and follow up on aging over 90 Days.nMaintain tools to ensure compliance with critical contractual key milestones for managed hotels such as fee changes, accurate owner priority calculations, owner procured insurance caps, expirations, contract renewals, and annual statements.nProvide support for the Management Agreement Synopsis (MAS), contract terminations summary reports and annual updates. nParticipate in training provided by appropriate MI Corporate Departments as required. He/She will participate in the continent’s training efforts on contract compliance matters while fostering sharing of best practices includingnCreate and update performance tools – including job aids.nSupport FS Reporting as determined.nMay work with Legal, Asset Management, FR&A, FCC, and other corporate groups to ensure compliance of Management Agreements on a variety of issues.nWork as directed on transaction work on purchases/divestures of large portfolios.nAssist in ad-hoc requests as requested by Senior Director and Senior Manager.nSupport all FS MR and SPG hotel brands.nCandidate ProfileKnowledge And Skills nExperience with reading and understanding franchise, management and lease agreements, and evaluating legal and business issues.nStrong system skills and process mindset.nKnowledge of the principles, procedures, and techniques of accounting, and of financial records and transactions including, but not limited to, generally accepted accounting principles.nDemonstrates ability to evaluate business trends to influence business strategies.nResourceful in resolving issues and solving problems, leveraging resources to get results.nTranslates business needs into what needs to get done; ensures that all work is completed effectively; maintains high performance standard; works effectively by using a highly collaborative style.nCreates an atmosphere in which timely information flows smoothly both upward and downward through the organization; possesses exceptional communication and presentation skills.nSupports, manages and initiates change within the organization, taking steps to remove barriers or to accelerate its pace.nActively pursues learning and self-development to enhance personal, professional and business growth; shares learning.nKnowledge of overall hotel operations and governances.nAbility to work independently and take initiative; strong time management skills.nStrong interpersonal skills with the ability to negotiate and influence others at all levels, including senior management.nEffective decision-making skills; can choose a prompt course of action amongst options involving uncertainty or risk.nStrong problem-solving skills; encourages new innovative solutions when appropriate.nAbility to build consensus amongst various stakeholders with competing priorities.nEffective change management skills.nStrong verbal and written communications skillsnMinimum Job Specifications nBachelor's degree in accounting, finance or a related field.nMinimum of four years financial management experience; hotel finance and accounting experience preferred. nLocationMIHQ This position requires proof of full vaccination against COVID-19 prior to the first date of employment, subject to applicable law. If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation request is received and approved.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. Source: Hospitality Online,

Company info

Sign Up Now - FinancialServicesCrossing.com