Marriott Vacations Worldwide

Director, Market Finance

Marriott Vacations Worldwide$125K — $175K *
Hospitality & Recreation
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance or Accounting preferred, or related major
  • 10+ years related work experience in finance and accounting
  • Strong leadership skills with associate management experience
  • Excellent relationship-building skills with diverse stakeholders
  • Proven ability to drive financial planning and analysis for complex operations
  • Knowledge of compliance with GAAP and Sarbanes-Oxley requirements

Responsibilities

  • Lead financial reporting and analysis to support business decision-making
  • Establish and align financial goals with organizational objectives
  • Direct and improve the financial reporting process for efficiency and effectiveness
  • Motivate and develop the resort operations finance team
  • Manage annual business plans and cash flow forecasts for property owners' associations
  • Build relationships with business partners to enhance decision outcomes
  • Ensure integrity of financial reporting through robust internal controls

Benefits

  • Relocation assistance available
  • Opportunities for professional development and training
  • Engagement in strategic decision-making at the organizational level
  • Dynamic work environment with diverse stakeholders
  • Potential for career advancement within a growing company
Full Job Description
Salary:

Pay Range $125k-$175k

Relocation Assistance Available

Job Summary

The Market Director of Finance (MDOF) Resort Operations (Ops) is a pro-active and trusted business leader who provides financial expertise and leads the delivery of financial analysis and reports that enable business partners to make timely and informed business decisions, optimize business value, and manage financial risk. Responsible for leading Resort Operations Finance in support of and in alignment with Resort Operations team.

The resort operations finance team consists of Finance and Accounting (F&A) professionals based on-site at various resort locations within a specific geographic area. The total number of resorts in the MDOF's portfolio may vary over time as the company expands the Marriott Vacation Clubs brand. Resort operations finance is responsible for financial compliance and adherence of the management agreements with the nonprofit property owners' associations and the financial and accounting reporting and analysis of the on-site ancillary business operations.

MDOF must have a pulse on the business, anticipating the ever-changing environment, while meeting company financial objectives and ensuring compliance of accounting controls within their portfolio of resorts. Provides clear direction through effective communication, setting realistic expectations, monitoring the progress of the team and following-up on status and course correct when necessary, are all key responsibilities of the MDOF. Other core work activities include, but not limited to, business partnering with various stakeholders to positively impact decision outcomes, ensuring the integrity of the financial reporting, and driving improvements to transparency, efficiency, and effectiveness of the reporting.

Expected Contributions

Managing & Leading:
  • Establish F&A goals that are fully aligned with organizational goals and effectively lead change to support company objectives
  • Motivate and recruit the resort operations finance team within the MDOF's portfolio of resorts
  • Direct and continually improve the financial reporting process, including analyzing job tasks and structure to maintain controls, transparency, efficiency and effectiveness
  • Leads and provides direction, coaching and guidance to on-site F&A team
  • Actively support the development and training of associates
  • Working with others to identify and remove barriers to success


Financial Planning & Analysis:
  • Lead the comprehensive annual business plans for property owners' association and on-site ancillary operations, including action plans to meet financial objectives
  • Manage regional cash flow and profit forecasts that facilitate timely adjustments to the business
  • Provide analytical support during budget reviews and capital planning to identify cost savings and productivity opportunities
  • Manage special projects as directed by the business needs


Strategic Planning & Business Partnerships:
  • Utilize effective relationship building skills with a broad range of business partners to gain trust, positively impact decision outcomes, and mitigate risk to the organization. Stakeholders include, but not limited to, corporate and F&A executives, Asset Management, corporate and regional Resort Operations executives, corporate tax, property owners' association Board of Directors, on-site leaders and associates, internal and external auditors, and third-party vendors.
  • Make quality business decisions that thoughtfully weigh the facts and understand the interests of stakeholders involved
  • Manage new site start up, including pre-opening assessment, working with Asset Management and Resort Operations to positively impact decision outcomes of operational set-up, and F&A recruitment


Accounting, Financial Systems & Controls:
  • Responsible for providing direction and ensuring the integrity of the financial reporting and resort operations finance through a strong internal controls environment, including the compliance to company standards and policies, General Accepted Accounting Principles, and Sarbanes-Oxley requirements
  • Provide oversight to audit processes by analyzing property level self-assessments and assisting with internal, tax, and regulatory audits


Candidate Profile

Successful candidates should possess knowledge and experience and demonstrate strong leadership and relationship skills as follows:

Generally, a professional position requiring significant knowledge and experience in one or more disciplines and/or business operations as well as associate management experience. College degree and/or relevant experience generally required.
  • Bachelor's degree in Finance or Accounting preferred, or related major
  • 10+ years related work experience in finance and accounting, or,
  • High School Diploma/GED and equivalent work experience


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About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. As of December 31, 2020, it operated approximately 120 resorts and approximately 700,000 owners in a range of vacation experiences in approximately 100 countries and territories. The company was formerly known as Marriott Vacations Worldwide Corporation and changed its name to Marriott Vacations Worldwide Corporation in April 2011. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.
Learn more about Marriott Vacations Worldwide
Size
20,300 employees
Market Cap
$5 billion
Industry
Net Income
-$275 million
5 Year Trend
+14.2%
Revenue
$2.8 billion
NASDAQ

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