Director of Finance

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

Job Title: Director of Finance

Department: Finance

Reporting to: Cluster Director of Finance

About Us

Welcome to the next generation of hospitality excellence. We're on a mission to recruit the finest in our industry—seize the opportunity to become part of this pioneering team. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaboration, values that guide us in creating extraordinary experiences for our guests and a thriving workplace for our team members. We offer more than just a job—we provide an opportunity to shape the future of luxury hospitality.

The Role

As the Director of Finance, you will be responsible for overseeing and directing the financial strategy, planning, and operations of the organization. Your leadership will be crucial in driving financial performance, ensuring regulatory compliance, and aligning financial objectives with the overall business strategy. You will work closely with senior leadership to develop and execute financial plans that contribute to the long-term success of Red Sea Global Hospitality.

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. In this role, you will need to:

1. Financial Strategy & Leadership: Develop and implement financial strategies to support the company's business objectives, ensuring financial sustainability and growth.
2. Pre-Opening Financial Oversight: Lead the financial pre-opening strategy, including budgeting, financial planning, cost control measures, and reporting structures. Collaborate with senior leadership and relevant departments to ensure financial operations align with the hotel’s luxury standards, budget, and opening timeline.
3. Financial Reporting & Compliance: Ensure accurate and timely preparation of financial reports, including monthly, quarterly, and annual financial statements, while maintaining compliance with local and international financial regulations.
4. Budget & Forecasting: Oversee the development and management of annual budgets, financial forecasts, and long-term financial planning to ensure financial goals are met.
5. Cost Control & Revenue Optimization: Implement financial controls and cost-saving initiatives while identifying opportunities to enhance revenue and profitability.
6. Cash Flow & Risk Management: Monitor cash flow, liquidity, and financial risks, implementing strategies to maintain financial stability and mitigate potential risks.
7. Stakeholder Collaboration: Work closely with executive leadership, ownership groups, and key stakeholders to align financial objectives with broader business goals.
8. Team Leadership & Development: Lead, mentor, and develop the finance team, fostering a high-performance culture that promotes excellence and continuous improvement.
9. Operational Efficiency: Optimize financial systems, policies, and procedures to enhance efficiency and accuracy in financial operations.

Qualifications and Standards

The ideal candidate must have at least five years of experience as Director of Finance, preferably in luxury hotels or the hospitality industry. They should possess strong strategic leadership skills, deep expertise in financial planning and analysis, and comprehensive knowledge of financial operations management. A track record of driving financial efficiency, ensuring compliance, and delivering results in a fast-paced, high-end hospitality environment is essential.

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 Programs.
• 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 we’ll 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.