Chief Accountant

Minor Hotels; Dubai; On-site; AED 120,000 - 150,000; Full time

Job summary

A leading company in the hospitality sector seeks a Financial Manager to oversee financial operations at their new hotel in Dubai. The role involves financial management, reporting, compliance, and team leadership, ensuring the highest standards of financial integrity and efficiency.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field required.
• CPA designation preferred.
• Experience in property management accounting preferred.

Responsibilities

• Maintain accurate financial records and assist in budget development.
• Prepare financial reports and analyze data for trends.
• Ensure compliance with accounting standards and tax regulations.

Skills

Analytical Skills

Communication

Interpersonal Skills

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Tools

QuickBooks

Yardi

MRI

Job description

Company Description

NH Collection Dubai The Palm: Eclectic Elegance on Palm Jumeirah

Feel the ambiance at our exciting new hotel on Palm Jumeirah. Sitting on the exclusive West Beach, NH Collection Dubai The Palm offers easy access to Nakheel Mall.

Our new property features 14 storeys with 227 guest rooms and suites, along with 306 serviced apartments. Guests can enjoy a sunset-facing rooftop infinity pool, an elegant bar and lounge, and a lively sports bar, making it a vibrant spot in Dubai.

Job Description

Please note that this is not an exhaustive list of all duties. NH Collection employees continuously find new ways to serve our guests, colleagues, and the business. The key responsibilities for this position are:

1. Financial Management

• Maintain accurate financial records, including accounts payable, receivable, and general ledger entries.
• Assist in budget development and monitoring for residential properties.
• Oversee cash flow management and forecasting.
• Manage banking relationships and reconcile bank statements.

Reporting and Analysis

• Prepare monthly, quarterly, and annual financial reports.
• Analyze data to identify trends, variances, and opportunities for cost savings or revenue enhancement.
• Develop financial models and dashboards for management decision-making.
• Conduct financial audits and present findings to senior management.

Compliance and Process Improvement

• Ensure adherence to accounting standards and tax regulations.
• Identify opportunities to streamline financial processes and controls.
• Implement internal control systems to ensure data integrity.
• Stay updated on financial regulation changes and ensure compliance.

Stakeholder Communication

• Collaborate with property managers, homeowner associations, and other stakeholders.
• Prepare and present financial reports to board members and executives.
• Support department heads and project managers with financial guidance.

Management Rental Scheme

• Oversee rental pool operations, including P&L, VAT invoicing, profit distribution, and budgeting.
• Respond to owner queries and manage related financial processes.
• Develop strategies to optimize rental income and occupancy.

Team Leadership and Development

• Manage and mentor the accounting team.
• Conduct performance evaluations and identify training needs.
• Promote continuous improvement and professional growth within the team.

Strategic Financial Planning

• Contribute to long-term financial strategies and goals.
• Provide insights and recommendations for business growth.
• Align financial objectives with overall business strategy in collaboration with senior management.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA designation preferred.
• Experience in property management accounting or real estate finance preferred.
• Proficiency in accounting software such as QuickBooks, Yardi, or MRI.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to prioritize and meet deadlines in a fast-paced environment.
• Knowledge of relevant accounting standards and regulations.