Director of Finance

21c Museum Hotels; Ras Al Khaimah; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading international hotel chain is seeking a Finance Manager for their Ras al-Khaimah property. This pivotal role involves overseeing financial operations, ensuring compliance with regulations, and collaborating across departments to support the hotel's financial health. The ideal candidate will have extensive experience in finance and accounting within the hospitality industry, coupled with strong analytical and leadership skills.

Qualifications

• Minimum of 10 years of progressive experience in finance and accounting.
• At least 5 years in a leadership role within the hospitality industry.
• Strong understanding of financial regulations and accounting principles.

Responsibilities

• Oversee daily operations of the Finance Department.
• Prepare and control budgets, ensuring compliance with regulations.
• Supervise hotel accounting procedures and staff.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Education

Bachelor’s degree in Finance, Accounting, Business Administration

Tools

Financial software

Microsoft Office Suite

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 standards of efficiency and promoting a positive work environment.

Responsibilities include:

1. Organization and monitoring of all financial affairs related to the position.
2. Maintaining proper grooming at all times.
3. Attending scheduled training sessions.
4. Fostering cooperation and respect within the team and other departments.
5. Having knowledge of daily hotel activities and facilities.
6. Preparing and controlling budgets, operating equipment purchases, and other finance-related activities.
7. Monthly reconciliation with owners on the yearly budget and confirming full closing balance within the requested period.
8. Regular reporting to regional offices on progress and project plans.
9. Establishing professional relationships with owners and their representatives.
10. Coordinating with IT for system setup, implementation, and training.
11. Understanding and ensuring compliance with the management agreement.
12. Preparing cash flow projections and working capital requirements.
13. Developing operational budgets and establishing cash management controls.
14. Supervising hotel accounting procedures in compliance with company policies and local laws.
15. Communicating daily with management regarding expenses and income potential.
16. Collaborating with all hotel departments on expense and finance matters.
17. Staffing, training, supervising, evaluating, and upgrading the controller department staff.
18. Supervising purchases, disbursements, payroll, and expenses.
19. Maintaining knowledge of local laws affecting hotel operations and ensuring compliance.
20. Managing tenant leases, contracts, permits, insurance, and mortgage documents.
21. Working with personnel on payroll controls and budgets.
22. Supervising inventory and fixed asset audits.
23. Collaborating with the Credit Manager to minimize overdue balances and losses.
24. Participating actively in credit meetings.
25. Preparing and submitting tax returns and government reports timely and accurately.
26. Seeking advice from legal and external auditors when necessary.
27. Submitting financial reports and documents required by the company and owners.
28. Participating in training sessions and promoting a respectful team environment.
29. Maintaining product knowledge of hotel facilities.

Qualifications

• Minimum of 10 years of progressive experience in finance and accounting, 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 is a plus.
• Experience with accounting systems or similar financial software for reporting, analysis, and presentation.

Additional Information

Our commitment to Diversity & Inclusion: We are an inclusive company committed to attracting, recruiting, and promoting diverse talent.