Director of Finance

FAIRMONT; Ras Al Khaimah; On-site; AED 120,000 - 180,000; Full time

Job summary

A leading company in the hospitality sector seeks a Finance Manager in Ras al-Khaimah. The role requires overseeing financial operations, maintaining compliance with regulations, and leading financial strategic initiatives. Candidates must have at least 10 years of finance experience with a strong background in hospitality finance.

Qualifications

• Minimum of 10 years in finance and accounting.
• 5 years in a leadership role within hospitality.
• Strong knowledge of financial regulations.

Responsibilities

• Oversee daily operations of the Finance Department.
• Ensure compliance with financial standards and policies.
• Prepare budgets and maintain financial records.

Skills

Analytical abilities

Communication

Leadership

Education

Bachelor's degree in Finance or related field

MBA or advanced degree

Tools

Financial software proficiency

Job description

Company Description

Established in 2000 in Turkey, Rixos pioneers the ‘ALL Inclusive, ALL Exclusive’ concept, inviting guests to discover a world of possibilities, with luxurious stays, inclusive culinary delights from around the globe, live entertainment, daily sports and fitness activities, sensorial spa and wellness journeys, and fun-filled kids and teens activities. Each Rixos property offers a unique experience inspired by local culture, global influences, and Turkish heritage, all within a setting of unparalleled luxury.

Job Description

Under the general direction of the Country Director of Finance and General Manager, and within the limits of established Rixos Hotel Policies and Procedures, the Finance Manager oversees and directs the daily operations of the Finance Department, ensuring efficiency and adherence to standards. Promotes a positive work environment.

Responsibilities include organizing and monitoring all financial affairs, maintaining proper grooming standards, attending scheduled training, fostering cooperation within the team and with other departments, and possessing comprehensive product knowledge of all hotel facilities.

The role involves preparing and controlling budgets, operating equipment purchases, and other finance-related activities. The Finance Manager maintains monthly reconciliations with owners, reports progress to regional offices, and ensures project plans are completed successfully. Building strong professional relationships with owners and their representatives is crucial.

Coordination with the IT department for system setup, implementation, and training is required. The role also involves understanding and ensuring compliance with the management agreement, preparing cash flow projections, operating budgets, and establishing strong cash management controls. Supervising hotel accounting procedures, controlling expenses and income, and managing staff are essential duties.

The position requires maintaining knowledge of local laws, managing leases, contracts, licenses, permits, insurance, and mortgage documents, and ensuring compliance. Collaboration with the Personnel Department on payroll matters, overseeing inventories and fixed assets, and minimizing overdue balances and losses from delinquent accounts are also part of the responsibilities.

The Finance Manager attends credit meetings, supervises tax return submissions, and liaises with external auditors and officials. Timely reporting of financial data, including monthly financial reports and other required documents, is mandatory. The role involves ongoing training, cooperation, and awareness of hotel operations and facilities.

Qualifications include a minimum of 10 years of progressive finance and accounting experience, with at least 5 years in leadership within hospitality. Strong knowledge of financial regulations, strategic development skills, analytical abilities, excellent communication, proficiency in financial software, and a relevant bachelor’s degree are required. An MBA or advanced degree is a plus.

Additional Information

Our commitment to Diversity & Inclusion:
We are an inclusive company and aim to attract, recruit, and promote diverse talent.