Director - Finance. (Hospitality)

Qiddiya Investment Company; Riyadh; On-site; SAR 600,000 - 900,000; Full time

Job summary

Qiddiya Investment Company is seeking a Cluster Director of Finance to lead strategic financial leadership, pre-opening finance management, and portfolio-wide financial planning across a multi-hotel portfolio in Riyadh. This role partners with ownership and hotel leadership to ensure governance, cash flow, and value optimization throughout pre-opening, opening, stabilization and operations.

The ideal candidate combines commercial acumen with robust financial stewardship and project finance

Qualifications

• Proven finance leadership experience within hotels, hospitality portfolios, mixed-use developments, or complex service businesses.
• Strong pre-opening experience including POB preparation, financial system implementation and opening support.
• Experience developing hotel budgets, long-term business plans, forecasts, and cash flow models.
• Understanding of hotel finance, owner reporting requirements and governance.

Responsibilities

• Develop and execute a cluster-wide financial strategy aligned with ownership objectives.
• Lead all finance-related pre-opening activities across the hotel portfolio.
• Oversee budgeting, forecasting and long-range financial projections for multiple hotels.
• Manage cash flow forecasts and working capital across the portfolio.
• Oversee accounting, reporting, audits, tax compliance and internal controls.
• Drive procurement cost controls and value optimization across properties.
• Act as primary finance partner to ownership and hotel leadership.

Skills

Finance leadership

Pre-opening experience

Strategic advisory

Cash flow management

Governance and controls

Portfolio finance

Job description

The Cluster Director of Finance is a key member of the cluster leadership team responsible for overseeing all finance accounting treasury procurement controls financial planning reporting and governance functions across multiple hotels within the portfolio. Reporting to the Cluster General Manager this role serves as a strategic business partner to ownership and hotel leadership teams. The Cluster Director of Finance will play a critical role throughout the pre-opening opening stabilization and operational phases of the hotels ensuring sound financial management strong governance effective cash flow planning and long-term value creation. This role combines commercial acumen financial stewardship and project finance expertise to support a portfolio of hotels with different positioning customer segments and operating models. The successful candidate will partner closely with ownership and hotel leadership to establish robust financial processes drive profitability manage risk and support strategic decision-making across the portfolio.

Key Responsibilities

Strategic Financial Leadership

Develop and execute a cluster-wide financial strategy aligned with ownership objectives business plans and brand standard Serve as a strategic advisor to the Cluster General Manager and hotel leadership teams on financial opportunities risks and business performance Support business planning investment decisions asset enhancement initiatives and operational optimization across the portfolio Establish financial governance frameworks and performance measurement systems for all properties Drive a culture of financial accountability transparency and commercial awareness throughout the organization

Pre-Opening Finance Management

Lead all finance-related pre-opening activities across the hotel portfolio Develop and manage the Finance Pre-Opening Critical Path and readiness plan Prepare review and manage Pre-Opening Budgets POB for all hotels within the cluster Monitor pre-opening expenditures to ensure spending remains within approved budgets Establish accounting structures chart of accounts financial controls approval matrices and reporting frameworks prior to opening Implement finance systems purchasing controls treasury processes and operational procedures before opening Support operational readiness reviews opening audits and transition planning activities

Financial Planning amp Analysis

Lead the preparation of annual budgets business plans forecasts and long-range financial projections Consolidate financial planning across multiple hotels and operating entities Analyze revenue operating expenses labor costs departmental performance and profitability trends Prepare business cases and financial evaluations for operational initiatives and investment decisions Support ownership with financial insights and performance analysis Identify opportunities to improve profitability asset returns and operational efficiencies

Cash Flow Treasury amp Working Capital Management

Develop and manage cash flow forecasts across the hotel portfolio Monitor working capital requirements from pre-opening through stabilization Support funding requests and owner capital calls where necessary Manage treasury activities banking relationships and cash management processes Monitor accounts receivable accounts payable inventory levels and cash conversion cycles Ensure appropriate liquidity is maintained to support business operations

Accounting Reporting amp Governance

Oversee all accounting financial reporting audit tax compliance and internal control activities Ensure accurate and timely monthly quarterly and annual financial reporting Establish strong financial control environments across all properties Ensure compliance with corporate policies operator standards statutory requirements and accounting standards Manage internal and external audits and ensure timely resolution of audit findings Protect the integrity and accuracy of financial records

Procurement amp Cost Control

Implement financial control procedures for procurement contracts purchasing and inventory management Monitor procurement spend and ensure purchasing activities align with approved budgets Drive cost optimization initiatives while maintaining operational effectiveness Support contract reviews tender evaluations and supplier negotiations from a financial perspective

Owner Support

Act as the primary finance business partner for ownership Prepare owner reports cash flow forecasts and performance updates Support owner reviews investment analysis and value enhancement initiatives Provide financial recommendations related to capital projects staffing plans commercial initiatives and operating strategies Support stabilization planning and long-term asset value optimization

Team Leadership amp Talent Development

Build and lead high-performing finance and accounting teams across the hotel portfolio Develop succession plans and finance talent pipelines Establish training and development programmes to strengthen financial capabilities Promote collaboration between finance operations commercial teams and ownership stakeholders Foster a culture of accountability continuous improvement and business partnership

The Ideal Candidate

The successful candidate will be a commercially minded finance leader with a strong track record of supporting hotel openings, financial planning, governance, and portfolio performance. You will bring:

• Proven finance leadership experience within hotels, hospitality portfolios, mixed-use developments, or complex service businesses.
• Strong pre-opening experience including POB preparation, financial system implementation, operational readiness, and opening support.
• Experience developing hotel budgets, long-term business plans, forecasts, and cash flow models.
• Strong understanding of hotel finance, management agreements, owner reporting requirements.
• Experience supporting working capital planning, funding requests, and treasury management activities.
• Strong knowledge of financial controls, accounting standards, audits, tax compliance, and governance requirements.
• Demonstrated ability to convert financial analysis into operational and strategic recommendations.
• Strong leadership, communication, and influencing skills.