Director of Finance

Accor; Ras Al Khaimah; On-site; AED 180,000 - 250,000; Full time

Job summary

A leading company seeks a Director of Finance to oversee operations of the Finance Department at Rixos Al Mairid Ras Al Khaimah. The role involves budgeting, reporting, and maintaining strong professional relationships with owners. Ideal candidates will have extensive experience in finance within the hospitality sector and a strong educational background.

Qualifications

• Minimum of 10 years in Finance and Accounting leadership.
• At least 5 years in a leadership role within hospitality.
• Strong understanding of financial regulations and accounting principles.

Responsibilities

• Oversee and direct day-to-day operation of the Finance Department.
• Prepare and control all aspects of budgets and financial reports.
• Maintain a monthly reconciliation with owners on budget.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Education

Bachelor’s degree in Finance

MBA or relevant advanced degree

Tools

Financial software

Microsoft Office Suite

Job description

Under the general direction of the Country Director of Finance and General Manager within the limits of established Rixos Hotel Policies and Procedures, oversees and directs the day to day Operation of the Finance Department and maintains the overall efficiency of standards set. Promotes positive work environment

Organization and monitoring of all affairs concerned to the position.

Proper grooming at all times

Attend training classes as per schedule

Show fullest cooperation and respect within the team and other departments

Is aware of the daily activities and has product knowledge of all the hotel facilities

To prepare and be involved in the control of all aspects of Budgets, Operating Equipment Purchases and other Finance and Business related activities as may be necessary.

Maintain a monthly reconciliation with owners on the yearly budget and confirm full closing balance within requested period.

Regularly report to Regional office the progress and update on the critical path and ensure a success by completing 100% of project plan.

Establish and build a strong professional relationship with owners and their representatives.

Coordinate and plan with IT department system setup, implementation and trainings.

Understand the full term of the management agreement and ensure compliance with all key clauses.

Prepare cash flow projection and working capital requirements.

Prepare operation budget.

Establish a strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.

Supervises the maintenance of and co-ordinate with Regional Director of Finance hotel accounting procedures and controls in compliance with Rixos policies & procedures as well as local requirements.

Daily communication with management regarding control for expense and income potentials. Makes all studies and / or reports required by the General Manager, Regional or Corp. Management.

Works with all departments of the hotel in any function directly or indirectly pertaining to expense and finance. Keeps them informed of their departmental expenses and investigates all items that appear questionable.

Checks, supervises and controls all purchases, disbursements, payroll and expense of the hotel.

Maintains a basic knowledge of all local laws pertaining to hotel operations and communicates with General Manager and Regional Direcotr of Finance on any pending changes.

Maintaining and keeping up to date all tenant leases, contracts, licenses, permits, insurance and mortgage documents and ascertains compliance therewith.

Works with Personnel Department on payroll control, payroll budgets and procedures.

Initiates, supervises and spot checks all stocks taken of inventories and fixed assets.

Supervises and works with the Credit Manager in minimizing overdue balances and losses arising from delinquent accounts and to minimize losses arising from uncollected guests and city ledger accounts.

To attend and actively participate in credit meetings.

Supervises the preparation and timely submission of all required tax returns and other reports to government authorities and owning companies in accordance with regulations and contractual agreements.

Seeks advice and guidance from Local Counsel, external Auditors, Local Officials and other deemed necessary.

Submits tax returns and other government reports to the proper authorities on a timely basis.

To issue the Monthly Financial Report as well as all the documents required by the company.

To ensure that all reports to the Owning Company and Rixos are accomplished on a timely basis.

Attend training classes as per schedule

Show fullest cooperation and respect within the team and other departments

Is aware of the daily activities and has product knowledge of all the hotel facilities

Qualifications

• Minimum of 10 years of progressive experience in Finance and Accounting leadership, with at least 5 years in a leadership role within the hospitality industry.
• Strong understanding of financial regulations and accounting principles.
• Proven ability to develop and implement financial strategies.
• Exceptional analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in financial software and Microsoft Office Suite.
• Ability to work in a fast-paced, dynamic environment.
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; MBA or other relevant advanced degree a plus.
• Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting, analysis, and presentation.

Additional Information

Our commitment to Diversity & Inclusion :

We are an inclusive company and our ambition is to attract, recruit and promote diverse talent.

Director Finance • Rixos Al Mairid Ras Al Khaimah, Ras Al-Khaimah, United Arab Emirates