Cluster Director of Finance (KSA)

Millennium Hotels and Resorts MEA; Medina; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading hotel group located in Medina, Saudi Arabia, is seeking an experienced Cluster Director of Finance. This role requires substantial experience in finance within the hospitality industry, specifically with international brands. You will be responsible for executing financial strategies, leading budgeting and planning, and ensuring compliance with financial regulations. Candidates should have strong leadership skills and proficiency in Arabic. Only shortlisted applicants will be notified.

Qualifications

• 12-15 years of experience in finance in the hospitality industry.
• Experience with international brands.
• Previous experience in Saudi Arabia is advantageous.

Responsibilities

• Develop and execute the hotel's financial strategy.
• Lead budgeting and forecasting efforts.
• Provide financial guidance to management.
• Prepare and analyze financial statements.
• Monitor financial performance and process improvements.

Skills

Financial strategy development

Budgeting and forecasting

Financial analysis

Leadership

Arabic language proficiency

Job description

Overview

We are looking for an experienced Cluster Director of Finance, for our 2 newly acquired hotels located in Madinah, Saudi.

The successful candidate will bring around 12-15 years of progressive experience in finance in the hospitality industry with international brands, and be an Arabic speaker.

A previous experience in Saudi would be a plus.

Responsibilities

• Develop and execute the hotel's 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
• 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
• Manage and develop a finance and business support team, fostering a culture of excellence. Lead by example, train and grow the team
• Implement cost-control measures while maintaining quality and service standards
• Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships

Due to the high volume of application received, only shortlisted candidates will be notified.