Director - Finance. (Hospitality) SN7

Qiddiya Investment Company; Riyadh; On-site; SAR 600,000 - 960,000; Full time

Job summary

Qiddiya Investment Company in Saudi Arabia seeks a Cluster Director of Finance to lead all financial governance for the hotel portfolio, spanning pre-opening, opening, and stabilization phases.

You will partner with ownership and hotel leadership to drive profitability, manage cash flow, and implement strong controls across multiple properties while building high-performing finance teams.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
• CPA, CA, ACCA, CMA, CFA, or equivalent professional qualification preferred.
• Minimum 10 years of progressive finance and accounting experience.
• Minimum 5 years in a Director of Finance, Cluster Finance, or senior finance leadership role.
• Previous hospitality experience required; multi-property or cluster finance experience preferred.
• Proven pre-opening hotel experience strongly preferred.

Responsibilities

• Develop and execute a cluster-wide financial strategy aligned with ownership objectives.
• Lead pre-opening finance activities across the hotel portfolio.
• Oversee budgeting, forecasting, and long-range financial projections.
• Manage cash flow, treasury, and working capital.
• Ensure governance, controls, and accurate financial reporting.
• Partner with ownership and hotel leadership to drive profitability.

Skills

Finance leadership

Pre-opening experience

Budgeting & forecasting

Governance & controls

Cash flow management

Education

Bachelor's degree in Finance/Accounting

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 & 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 & 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 & 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 & 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 & 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.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
• CPA, CA, ACCA, CMA, CFA, or equivalent professional qualification preferred.
• Minimum 10 years of progressive finance and accounting experience.
• Minimum 5 years in a Director of Finance, Cluster Finance, or senior finance leadership role.
• Previous hospitality experience required.
• Multi-property or cluster finance experience preferred.
• Proven pre-opening hotel experience strongly preferred.