FLEX Senior Manager Divestitures and Openings

Salary Details

Salary Description: Competetive Salary Offered

Job Description For FLEX Senior Manager Divestitures and Openings

This is a temporary position.

As a member of the U.S. East Region - MSB MxM Finance team, the Senior Manager - Divestitures & Openings, provides financial leadership, expertise and consultative support to regional and property teams for Managed Marriott Select Brand properties in the U.S. This leader will contribute a high level of specialized financial leadership to support divestitures/conversions and new hotel openings, with a primary focus on Marriott Select Brands (MSB).

The Senior Manager will be the single point of contact (POC) to lead the execution of accounting and finance transactions, and reporting and analysis for all properties across the U.S. This position will partner with the Openings/Divestiture team, MSB Finance Leaders, Development, Asset Management, Operations, AHS and other key business partners/stakeholders to develop consistency and document a governance process for all divestitures and openings for the finance discipline. The Senior Manager must be adept at tapping diverse sources of information, identifying appropriate solutions, anticipating challenges, and devising and executing approaches to deliver against current and future priorities.

Approximately 25% travel expected.

CANDIDATE PROFILE

Education and Experience

Required

BS/BA in accounting, finance or related field required.

5+ years of relevant accounting/finance experience.

Preferred

Property DFA/Sr. Assistant DFA and/or transaction experience preferred.

Experience working in an above property or multi-unit capacity with multiple stakeholders preferred.

CORE WORK ACTIVITIES

Develop, document, and execute a consistent approach for managing and processing property divestitures, conversions, and openings including the due diligence process, transaction preparation and timeframe tracking, final accounting review, hotel tour coordination, and reserve estimates.

Coordination with owners that are the buyer and seller to ensure compliance with the Purchase and Sale Agreement (PSA).

Develop, document and execute a consistent approach for managing and processing property openings including the following accounting/finance functions: Develop a pre-opening budget in coordination with the MSB team, prior to the hiring of the General Manager.

Estimate working capital, detail the pre-opening budget for cash flow purposes, load the budget into Peoplesoft and work with AHS to coordinate the pre-opening invoice process.

Ensure bank accounts are established in accordance with the Management Agreement

Provide support to the Senior Director during conversions, leveraging processes documented and established for property openings.

Ensures appropriate controls are in place and are consistent with company policies and procedures.

Maintains integrity, accuracy and consistency of financial processes and transactions.

Communicates timely and effectively with stakeholders; keeping them apprised of all issues/challenges.

The pay range for this position is $47.35 to $73.61 per hour.

Washington Applicants Only: Employees will accrue 0.0334 PTO balance for every hour worked and eligible to receive minimum of 9 holidays annually.

FLEX opportunities offer coverage for medical, dental, vision, health care flexible spending account, dependent care flexible spending account, life insurance, disability insurance, accident insurance, adoption expense reimbursements, paid parental leave, 401(k) plan, stock purchase plan, discounts at Marriott properties, commuter benefits, employee assistance plan, and childcare discounts. Benefits are subject to terms and conditions, which may include rules regarding eligibility, enrollment, waiting period, contribution, benefit limits, election changes, benefit exclusions, and others.

Marriott HQ is committed to a hybrid work environment that enables associates to Be connected. Headquarters-based positions are considered hybrid, for candidates within a commuting distance to Bethesda, MD; candidates outside of commuting distance to Bethesda, MD will be considered for Remote positions.

The application deadline for this position is 14 days after the date of this posting, March 14, 2025.

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 world's 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.