Job Number 23131307

Job Category Finance & Accounting

Location Shanghai Operations, 9/F Tower B One ITC, Shanghai, Shanghai, China VIEW ON MAP

Schedule Full-Time

Located Remotely? N

Relocation? N

Position Type Management

Position Summary

This position provides financial leadership over Marriott legal entities administration, statutory entity accounting and tax work, financial shared services and APAC and Greater China admin areas. He/She will be accountable for the accounting operations of Greater China, to include the production of periodic financial reports, maintenance of a system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles, SEC rules and regulations, international financial reporting standards and Sarbanes/Oxley 404 rules on internal controls.

This position provides financial leadership to shared services in Greater China, ensuring operational efficiencies, financial controls and the collection of receivables. The incumbent will partner with other disciplines to define and execute strategies to expand financial shared services across Greater China. They will function as the financial representative when needed to get Programs & Services Agreement Compliance Advisory Committee (PSAC) and Business Request & Entity Management Committee (BREM) approval for the expansion of shared services. The position also oversees Marriott’s joint ventures in Greater China, including the Travel Ease JV.

He/She must be adept at tapping diverse sources of information, identifying profitable opportunities, anticipating challenges, and devising and executing breakthrough strategies to deliver against current and future global and Continent finance and accounting priorities, thereby strengthening Marriott’s competitive advantage through excellence in finance and accounting services delivery. Leads a team in efforts to develop a high performing workforce and implement the appropriate reporting, systems and end-to-end process strategies and tactics across Greater China in alignment with the broader financial framework of the enterprise, and in collaboration with the Chief Accounting Officer and Senior Vice President of Finance, Greater China.

The VP will partner with the appropriate business and finance resources in Continent and Corporate HQ including but not limited to the VP, Corporate & Statutory Accounting for entity management, SVP Global Entity Reporting & Tax, MBS for accounting services, and Continent leadership to translate business needs and opportunities into financial strategies that maximize returns and mitigate risk.

• Provides proactive financial leadership and support to the SVP of Finance, Greater China and Chief Accounting Officer, MI while ensuring the appropriate financial focus and resources are utilized to maximize value and reduce exposure for the Company.
• Provides finance and accounting leadership by leading the execution of key priorities for the Continent and discipline. Identifies opportunities to increase profits and create value by challenging existing processes, encouraging innovation, and driving necessary change related to shared services and administrative areas.
• Ensures the accuracy and completeness of financial information related to Greater China’s entity structures by providing guidance on recording transactions in accordance with both US and local country GAAP and developing and/or implementing processes and procedures that establish a complete audit trail from local entity to US GAAP books.
• Provides expert consultation on entity financial data interpretation and financial reporting issues as they relate to Greater China’s entities. Provides pro-active interpretation of financial results and outline recommendations for follow-up actions, as appropriate. Will manage all Greater China entities, adding or eliminating them as business needs change.
• Supervise Leadership team to ensure effective and timely production of all requisite reports, statements, memorandum, and all other documentation on behalf of Company on or before the deadlines set; therefore, the financial integrity of Company’s books and records relating to the firm’s activity; timely and accurate processing of cash management, accounts payable, accounts receivable and tax.
• Establishes processes and controls to proactively identify financial risks and creatively resolves risk, overseeing Greater China’s Shared Services and entity accounting in partnering with Global Finance COEs as appropriate; continually monitors the financial control environment, making changes as necessary in collaboration with Finance COEs and Shared Services; ensures standardized accounting policies and procedures are in place to produce accurate financial reporting; ensures processes and controls are aligned with broader Global Finance requirements. Will lead the Greater China Business Services Advisory Committee (BSAC) which assists the Continent to assemble the information necessary for PSAC and BREM submissions.
• Supports the execution of finance and accounting responsibilities for the continent: budgeting and forecasting, control assessment, cash management, receivables and working capital management, balance sheet, CAPEX, and financial risk management related to MI entities.
• Work with the Headquarters Tax Department to ensure that all transactions completed are done in the most tax efficient manner, considering both local and US taxation regulation. Also work closely with the Marriott Headquarters’ Tax Department to ensure that the Greater China tax approach is in alignment with the Global Tax strategy for all entities and existing, pipeline and development property franchise and management agreements.
• Serve as a Director on various Marriott entities and provide oversight of the related activities.
• Builds/maintains strong relationships with team, other continent leaders, global finance leaders, and other key stakeholders to effectively influence key business decisions and optimize overall work effectiveness.
• Develops processes to learn about, share and effectively execute best practices within and between continents.
• Improve business performance through leveraging talent and organizational systems. Lead the selection, development, and retention of key leadership talent in the division to build a high-performing, diverse workforce. Supervise the day-to-day activities of direct reports and promote a work environment that is fair, equitable, feedback-rich and career opportunity-focused. Assemble a high performing leadership team that bridges the gaps in own competencies based on an exceptional understanding of business performance requirements
• Partner with Human Resources leadership to strengthen the organization performance through ensuring effective structures, processes, jobs, and performance management systems, along with the “right” people, are in place to support the strategic priorities of the business.
• Set goals and expectations for direct reports using the Leadership Performance Process (LPP) and hold staff accountable for successful performance; coach team by providing specific feedback to improve performance; conduct annual performance appraisal with direct reports; and ensure the same occurs at lower level of his/her organization.
• Champion excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement.
• Perform other duties as assigned to meet business needs.

REQUIRED:

• Ten + years of financial accounting and management experience.
• Strong leader of people – influential, demonstrates flexibility in approach, and motivates others (who may, oftentimes, not be direct reports) to achieve desired results; ability to work in a matrix organization and make things happen without having to own all the resources; leverages shared resources to achieve results
• Demonstrated knowledge base and experience in certain key Greater China Statutory Accounting.
• Strong knowledge base of Greater China tax regulations.
• Experience with complex operating and financial agreements; demonstrated success in evaluating risks and developing proactive strategies and plans to mitigate business issues.
• Excellent finance, accounting, and analytical skills, including experience with cash management, forecasting, capital expenditure planning and budgeting, and project management.
• Knowledge in generally accepted finance and accounting policies, principles, and controls.
• Strong qualitative and quantitative analytical skills; ability to take large volumes of complex information and present it in a clear and concise manner to senior management, owners, and franchisees; uses data and a cogent problem-solving methodology in decision making and impact assessment.
• Strong communications and interpersonal skills; role requires considerable liaison with multiple stakeholders and maintenance of considerable internal and external relationships.
• Skillful negotiator in tough situations; sells ideas persuasively; settles differences and wins concessions without damaging relationships; can be both direct and forceful while remaining diplomatic.
• Ability to evaluate business trends and develop and successfully implement new business programs and strategies that enhance multi-unit financial performance.
• Ability to identify and exploit new opportunities and reach a positive outcome, whether dealing with partners or providers of capital.
• Ability to consistently make decisions in a timely manner sometimes with incomplete information and under tight deadlines and pressure; comfortable challenging organizational norms and accepted thinking to improve effectiveness.
• Results oriented; delivers results under difficult conditions and demonstrates balanced judgment under pressure
• Ability to integrate and balance priorities, work activities and resources for the benefit of multiple key stakeholders.
• Ability to assess, plan and get “the right priorities” done, on time and budget, at high quality levels.
• Active learner — able to enhance personal, professional, and business growth through new knowledge and experiences.
• Advanced computer skills working with accounting, financial and reporting software as well as Microsoft Office programs.

PREFERRED:

• International Finance experience within a hospitality company.
• Fluency in Chinese and English language (speaking and written) required

Education and Professional Certification

• Baccalaureate degree in Accounting, Finance or related discipline required.
• MBA or Master of Science/Graduate Degree in Finance or related field strongly preferred.
• CPA certificate or similar equivalent preferred.

LOCATION:

• This position will be based in Shanghai and will require some travel across Greater China.