Director Of Finance And Business Support

Millennium Plaza Downtown Hotel; Dubai; On-site; AED 480,000 - 720,000; Full time

Job summary

Millennium Plaza Downtown Hotel in Dubai seeks a Director of Finance & Business Support to lead financial management, strategic planning, and business analysis for the property.

You will oversee budgeting, forecasting, treasury, audits, and procurement, driving efficiency, compliance, and guest-focused service while developing the finance team.

Responsibilities

• Develop and execute the hotels financial strategy, aligning it with company objectives.
• Lead budgeting, forecasting, and financial planning efforts, ensuring financial goals are met.
• Provide financial guidance and recommendations to the General Manager and senior management.
• Prepare and analyze financial statements, identifying trends and variances.
• Monitor financial performance, highlighting areas for improvement or cost-saving opportunities.
• Maintain accurate and timely financial records, complying with regulatory requirements.
• Collaborate with various departments to evaluate and optimize business processes.
• Conduct feasibility studies and financial analysis for potential projects or investments.
• Assist in business development efforts and strategic decision-making.
• Manage cash flow and liquidity, ensuring the availability of funds for operational needs.
• Implement effective treasury and cash management practices.
• Identify financial risks and implement risk mitigation strategies.
• Ensure compliance with financial regulations, company policies, and industry standards.
• Facilitate internal and external audits as needed.
• Manage and develop a finance and business support team, fostering a culture of excellence.
• Provide training and mentorship to colleagues to enhance financial knowledge and skills.
• Implement cost-control measures while maintaining quality and service standards.
• Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships.
• Stay updated on financial technology trends and recommend system improvements.
• Ensure the efficient use of financial systems and tools.
• Operate in a safe and environmentally friendly manner, prioritizing guests and colleagues health and safety, as well as environmental conservation.
• Adhere to hotel environmental, health, and safety procedures and policies.

Job description

Job Description:

As a Director of Finance & Business Support, you will be a key member of our leadership team, responsible for overseeing the financial and business support functions of the hotel. Your expertise in financial management, strategic planning, and business analysis will drive our financial success and ensure operational efficiency.

Key Job Responsibilities:

• Develop and execute the hotels financial strategy, aligning it with company objectives.
• Lead budgeting, forecasting, and financial planning efforts, ensuring financial goals are met.
• Provide financial guidance and recommendations to the General Manager and senior management.
• Prepare and analyze financial statements, identifying trends and variances.
• Monitor financial performance, highlighting areas for improvement or cost-saving opportunities.
• Maintain accurate and timely financial records, complying with regulatory requirements.
• Collaborate with various departments to evaluate and optimize business processes.
• Conduct feasibility studies and financial analysis for potential projects or investments.
• Assist in business development efforts and strategic decision-making.
• Manage cash flow and liquidity, ensuring the availability of funds for operational needs.
• Implement effective treasury and cash management practices.
• Identify financial risks and implement risk mitigation strategies.
• Ensure compliance with financial regulations, company policies, and industry standards.
• Facilitate internal and external audits as needed.
• Manage and develop a finance and business support team, fostering a culture of excellence.
• Provide training and mentorship to colleagues to enhance financial knowledge and skills.
• Implement cost-control measures while maintaining quality and service standards.
• Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships.
• Stay updated on financial technology trends and recommend system improvements.
• Ensure the efficient use of financial systems and tools.
• Operate in a safe and environmentally friendly manner, prioritizing guests and colleagues health and safety, as well as environmental conservation.
• Adhere to hotel environmental, health, and safety procedures and policies.