Director of Finance

AccorHotel; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading hotel chain is seeking an experienced finance executive to develop and implement financial planning and budgeting processes. The role involves monitoring budget performance, preparing financial reports, and ensuring compliance with financial regulations. Ideal candidates will have a degree in Finance or Accounting, strong leadership skills, and at least 5 years of experience in a hotel environment. This is a full-time position located in Dubai, United Arab Emirates.

Qualifications

• Professional accounting qualification required.
• Excellent leadership skills to manage finance teams.
• Strong verbal and written communication skills for interactions.

Responsibilities

• Develop and implement financial planning to align with hotel goals.
• Monitor budget performance and identify cost-saving opportunities.
• Prepare and present financial reports to management.

Skills

Leadership skills

Strong communication skills

Analytical skills

Financial risk assessment

Education

Degree in Finance/Accounting or related field

Job description

• Develop and implement the hotels financial planning and budgeting process in alignment with the hotels strategic goals and objectives.
• Monitor and review budget performance regularly identifying areas for improvement and costsaving opportunities.
• Prepare and present accurate and timely financial reports including income statements balance sheets cash flow statements and other financial metrics to the hotels management and ownership.
• Analyze financial data to provide insights into the hotels performance and make strategic recommendations for improvement.
• Work closely with the revenue management team to set room rates and optimize revenue through effective pricing strategies.
• Monitor and analyze revenue streams from various hotel operations such as room revenue food and beverage and other ancillary services.
• Implement cost control measures to manage expenses efficiently without compromising on service quality and guest satisfaction.
• Review and approve expenditures ensuring compliance with budgetary guidelines and procurement procedures.
• Oversee the financial operation of the hotel.
• Coordinate an effective and efficient Payroll Management/Resource allocation through establishing a flexible work force throughout the Division based on the principles of multi‑skilling and multi‑tasking.
• Ensure compliance with all relevant financial regulations accounting standards and local tax laws.
• Coordinate and liaise with external auditors during the hotels annual audit process.
• Oversee cash flow management and maintain adequate cash reserves to meet operational needs.
• Implement and monitor cash handling procedures to minimize risks of fraud or theft.
• Collaborate with the hotels executive team to develop financial strategies that support overall business objectives.
• Conduct financial analysis to assess investment opportunities cost‑effectiveness on various initiatives.
• Provide tools for future planning and control.
• Ensure that invoices and petty cash are paid and recorded correctly.
• Ensure that remittances are received and recorded correctly.
• Support the preparation and processing of journals for all transactions at month‑end ensuring these are correctly recorded in the general ledger and prepare financial statements accordingly.
• Lead and supervise the finance team including accountants and financial analysts providing guidance and support in their roles.
• Facilitate training and development opportunities to enhance the teams financial acumen.
• Ensure that all financial reports are submitted accurately and on time.
• Ensure smooth management of the accounting department and refer those matters that are relevant to the Financial Controller.
• Oversee the implementation and monitoring of internal controls to safeguard assets mitigate financial risks and detect any potential discrepancies or fraudulent activities.
• Ensure all historical information is filed in a way that provides easy access including microfilming or other storage where necessary.
• Organize vacation planning for the Finance and Accounts Department.
• Protect the owners and the management companys interest in the hotel assets and operations.
• Participates in and contributes to all material property decisions providing financial leadership.
• Consults with and supports activities of Managing Director and members of Executive Committee.
• Understand and manage the Management Agreement terms priorities performance tests and incentive fees distribution requirements.
• Manage and control the Owners monthly reporting package as per Hotel Management Agreement (HMA).
• Maintain confidentiality of proprietary information at all time.
• Liaise with Owners and Accor Regional Office in a courteous and professional way respond with complete and accurate information.
• Maintain transparent communication with Owners providing regular detailed financial reports to ensure they are informed of the hotels performance profitability and investment opportunities.
• Provide financial insights and strategic recommendations to the hotel management and ownership to guide decision‑making ensuring sustainable growth and profitability.

Qualifications

• Degree in Finance Accounting or a related field & professional accounting qualification
• Excellent leadership skills with the ability to manage and motivate finance teams.
• Strong verbal and written communication skills to effectively interact with owners senior management and other departments.
• Strong analytical skills with a keen eye for detail and a proactive approach to solving financial issues.
• Ability to assess financial risks and implement strategies to mitigate them.

Experience

• Minimum 5 years experience in a hotel in an Executive role

Remote Work

No

Employment Type

Fulltime