Director, Finance & Business Support

Fairmont Hotels & Resorts; Riyadh Region; On-site; SAR 600,000 - 900,000; Full time

Benefits offered by this job

Healthcare

Retirement plans

Travel discounts

Other perks

Job summary

Fairmont Ramla, Riyadh, a luxury hospitality destination, seeks an experienced Director of Finance to lead the hotel's finance team, oversee all financial operations, and drive the financial strategy in alignment with local and corporate policies.

You will supervise budgeting, reporting, forecasting, cost control, and risk management while partnering with department heads to maximize profitability and ensure regulatory compliance.

Qualifications

• 2–5 years of experience in the luxury hotel or hospitality industry.
• Proven track record of achieving sales targets and managing key accounts.

Responsibilities

• Direct and coordinate all finance activities for the hotel.
• Oversee budgeting, financial reporting, and forecasting.
• Implement cost-control measures and assess financial risks.
• Lead and develop the finance team and provide staff training.
• Communicate financial performance and strategy to owners and management.

Skills

Sales targets

Key accounts management

Hospitality industry experience

Job description

Company Description

Fairmont Ramla, Riyadh is a luxury hospitality destination offering premium serviced residences, exceptional dining experiences, and world-class guest services. As part of the renowned Fairmont brand, the property is committed to excellence and innovation, delivering unforgettable experiences through high standards in hospitality

Job Description

To lead the Finance Team in all financial aspects of the hotel’s operations, to ensure that all local & corporate policies & procedures are observed, and to supervise the day-to-day operations of the Finance office. We are looking for an experienced Director of Finance to oversee all financial aspects of business and drive the company’s financial strategy and planning.

You Will Be Responsible For

• Financial Management
• Budgeting: Develop and manage the hotel’s annual budget.
• Financial Reporting: Prepare and present financial statements and reports to senior management.
• Forecasting: Analyze financial performance and provide forecasts to inform strategic decisions.
• Operational Support
• Business Analysis: Support operational teams by providing financial insights and analysis to enhance performance.
• Cost Control: Implement cost control measures to maintain profitability.
• Compliance and Risk Management
• Regulatory Compliance: Ensure adherence to financial regulations and standards.
• Risk Assessment: Identify and manage financial risks associated with hotel operations.
• Team Leadership
• Staff Management: Lead and develop the finance team, fostering a collaborative environment.
• Training: Provide training and support to staff on financial processes and systems.
• Strategic Planning
• Business Development: Collaborate with other departments to identify opportunities for revenue growth.
• Investment Analysis: Evaluate potential investment opportunities and their financial implications.
• Communication
• Stakeholder Engagement: Communicate financial performance and strategies to stakeholders, including owners and management.
• Cross-Department Collaboration: Work closely with other departments to ensure alignment on financial objectives.

Duties & Responsibilities

• Directs, coordinates, and participates in all activities of Accounting personnel, such as:
• preparing management reports, financial statements, and related accounting reports;
• receiving, storing, issuing, accounting for, and controlling the cost of food, beverage, general supplies, operating equipment, and fixed assets;
• requisition needed equipment, materials, and supplies;
• receiving, keeping, depositing, investing, and disbursing funds;
• preparing, controlling, and maintaining all vouchers and cheques;
• processing and preparing all credit applications;
• auditing all revenue reports of the hotel;
• Ensures that all accounting reports and financial statements are prepared according to the uniform system of accounts for the hotel.
• Sees to the accurate and timely preparation and submission of all accounting reports, financial statements, and tax returns.
• Complies in conjunction with the mgt. Department heads are responsible for all budgets and forecasts covering all hotel activities, and maintain all budget control procedures.
• Analyzes and interprets financial statements and accounting reports of the hotel; reports to management.
• Maintains all proper control systems and procedures and conducts continuous audit of all hotel accounts, records, and transactions.
• Implements and administers credit and collection policies and procedures established by the General Manager.
• Ensures the maintenance of ledgers and subsidiary records of authorized appropriations and expenditures are properly authorized and accounted for.
• Ensures the maintenance of all subsidiary records in connection with inventories, accounts receivables, accounts payables, operating equipment, fixed assets, etc.
• Supervises and directs the receiving, storing, and issuing functions to ensure that proper procedures and controls are in effect.
• Assists all department heads in the preparation of their respective budgets and feasibility studies, and whenever any financial information or expertise is required.
• Ensures the cleanliness and maintenance of all accounting machines and equipment.
• Maintains good relations with banks to facilitate the handling of such arrangements as overdrafts, placing funds in time deposits, etc.
• Maintains good relationships with the government to facilitate the handling of such hotel functions as tax matters, import licenses, and customs clearances.
• Performs related duties as assigned.

Additional Information

Your Work Environment

Note: The description can be adjusted to meet specific local or legal requirements, such as work permits.

Our Commitment To Diversity & Inclusion

We are an inclusive company, and our goal is to attract, hire, and develop diverse talent.

Requirements

• Experience: Minimum of 2–5 years of experience in the position within the luxury hotel or hospitality industry, with a proven track record of achieving sales targets and managing key accounts.

Working Conditions

• Full-time position with flexibility for evening and weekend work, depending on client needs and industry events.

Compensation

• Competitive salary and commission structure based on performance.
• Benefits package may include healthcare, retirement plans, travel discounts, and other perks.