Assistant Finance Manager

Red Sea Global Hospitality; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player in hospitality is seeking an Assistant Finance Manager to support financial operations and ensure compliance with strategic goals. This role involves financial reporting, budgeting, and cost control, while fostering a culture of transparency and efficiency. You will collaborate with cross-functional teams to drive financial health and contribute to data-driven decision-making. Join a forward-thinking organization committed to sustainability and exceptional guest experiences, where your contributions will shape the future of luxury hospitality.

Benefits

Health Insurance

Employee Recognition Programs

Daily Meals on Duty

Uniform Dry-Cleaning Services

Year-Round Social Events

Wellness Programs

Charity Drives

Sports Activities

Competitive Compensation Package

Personal Development Opportunities

Qualifications

• Experience in financial reporting, budgeting, and compliance.
• Strong analytical skills to identify trends and variances.

Responsibilities

• Assist in preparing financial reports and ensuring compliance.
• Collaborate with teams for budgeting and forecasting.
• Monitor cash flow and support working capital management.

Skills

Financial Reporting

Budgeting

Cost Control

Data Analysis

Compliance

Team Collaboration

Education

Bachelor's degree in Finance or Accounting

Tools

Accounting Software

Financial Modeling Tools

Job description

Join Red Sea Global Hospitality and become part of a team leading the change in responsible development and regenerative tourism.

Job title: Assistant Finance Manager

Department: Finance

Reporting to: Finance Manager

About Us

Welcome to the next generation of hospitality excellence. At Red Sea Global Hospitality, we are committed to delivering exceptional guest experiences and creating an extraordinary work environment for our team members. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaboration - values that guide us in our pursuit of operational brilliance, innovative guest service, and sustainable practices. Joining us means you will be part of a forward-thinking, pioneering organization, shaping the future of luxury hospitality, and contributing to the elevation of the Red Sea Global brand.

The Role

As Assistant Finance Manager, you will support the Finance Manager in overseeing the financial operations of the organization, ensuring accuracy, compliance, and alignment with strategic goals. Your role will involve assisting in financial reporting, budgeting, cost control, and compliance activities while fostering a culture of transparency and efficiency. You will collaborate closely with cross-functional teams to drive financial health and contribute to data-driven decision-making.

Key Areas of Responsibilities

Please note that the responsibilities outlined below are not exhaustive. Red Sea Global Hospitality employees continuously innovate in caring for the needs of the business, their guests, and their colleagues. As Assistant Finance Manager, you will need to:

1. Financial Reporting & Analysis Support
   • Assist in preparing accurate monthly, quarterly, and annual financial reports (e.g., balance sheets, income statements, cash flow statements).
   • Support compliance with accounting standards, company policies, and regulatory requirements.
   • Analyze financial data to identify trends, variances, and opportunities for improvement, providing insights to the Finance Manager.
   • Aid in the monthly/quarterly close process, ensuring timely and accurate completion.
   • Help prepare presentations for senior management on financial performance and forecasts.
2. Budgeting & Forecasting Assistance
   • Collaborate with departments to gather data and support the annual budgeting process.
   • Assist in developing financial forecasts, monitoring actual performance against budgets, and highlighting discrepancies.
   • Update financial models to reflect changing business conditions and operational needs.
   • Provide administrative support during budget reviews and adjustments.
3. Cash Flow & Working Capital Support
   • Monitor daily cash flow activities and assist in preparing liquidity reports.
   • Support accounts receivable/payable processes to optimize working capital efficiency.
   • Track cash flow forecasts and flag potential liquidity risks to the Finance Manager.
   • Aid in reconciling bank statements and ensuring timely collections/payments.
4. Cost Control & Process Efficiency
   • Assist in reviewing departmental expenses and identifying cost-saving opportunities.
   • Support the implementation of cost-control initiatives to enhance profitability.
   • Help streamline financial processes (e.g., invoice approvals, expense tracking) to reduce inefficiencies.
   • Collaborate with operational teams to ensure resource optimization.
5. Team Collaboration & Development
   • Mentor junior finance staff, providing guidance on tasks like data entry, reconciliations, and reporting.
   • Participate in training programs to stay updated on accounting software, regulations, and best practices.
   • Foster a collaborative environment by sharing insights and supporting cross-departmental projects.
6. Compliance & Internal Controls
   • Assist in maintaining internal controls to safeguard assets and ensure data integrity.
   • Support internal audits and help prepare documentation for external audits.
   • Monitor compliance with tax filings, financial regulations, and corporate governance requirements.
   • Report discrepancies or risks to the Finance Manager promptly.
7. Strategic & System Support
   • Aid in developing financial models for business cases, investments, or scenario analysis.
   • Support the implementation of financial systems/software to improve reporting accuracy and efficiency.
   • Assist in evaluating financial risks (e.g., currency, credit) and contribute to mitigation strategies.
   • Collaborate with IT and operations to enhance integration of financial data across platforms.

In Return, What We Offer

• Exciting opportunities for personal and professional development at all levels, featuring targeted development programs aimed at equipping you for your next career move.
• Competitive compensation package.
• Access to exclusive perks, complimentary nights, and benefits within Red Sea Global Hospitality.
• Health Insurance coverage whilst in service.
• A supportive and inclusive work environment that values diversity and collaboration.
• Employee Recognition Programmes.
• Daily meals on duty and uniform dry-cleaning services.
• Year-round events of social, wellness programs, charity drives, and sports activities.

Accessibility and Adjustments

We welcome all applicants and are keen to ensure our employees reflect the diversity of the Kingdom of Saudi Arabia and the communities we serve. We are committed to providing reasonable adjustments throughout our recruitment process and will always endeavor to be as accommodating as possible. If you would like to discuss any specific requirements, please get in touch with us.

Red Sea Global Hospitality is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage individuals from all backgrounds to apply.