Finance Manager

legacy hotels holding; Saudi Arabia; On-site; SAR 260,000 - 380,000; Full time

Job summary

Tulip Inn Al Daar Rawafid in Madinah, Saudi Arabia, seeks an experienced Finance Manager to lead the hotel’s financial strategy, budgeting, forecasting, reporting and controls. You will work closely with the General Manager and ownership to safeguard assets, drive profitability, manage cash flow, implement internal controls, and provide strategic financial guidance for decision-making.

The role requires strong leadership of the finance team, collaboration across departments, and a commitment to

Qualifications

• Must have experience leading hotel finance functions.
• Strong understanding of budgeting, forecasting and financial reporting.
• Proven ability to implement internal controls and manage cash flow.

Responsibilities

• Develop and lead the hotel's financial strategy, aligning with company objectives.
• Lead budgeting, forecasting, and financial planning efforts, ensuring financial goals are met.
• Provide financial guidance and recommendations to GM 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.
• Assist in business development efforts and strategic decision-making.
• Manage cash flow and liquidity, ensuring funds for operations.
• Implement treasury and cash management practices.
• Identify financial risks and implement risk mitigation strategies.
• Ensure compliance with financial regulations, policies, and industry standards.
• Facilitate internal and external audits as needed.
• Manage and develop the finance team, mentoring colleagues.

Skills

Financial planning

Budgeting

Forecasting

Financial reporting

Internal controls

Leadership

Stakeholder management

Job description

Tulip Inn Al Daar Rawafid is a franchised hotel located in Madinah, Kingdom of Saudi Arabia. We are seeking an experienced Finance Manager to lead the hotel’s financial strategy, budgeting, forecasting, reporting, and financial controls.

Working closely with the General Manager and the hotel’s ownership and leadership teams, the Finance Manager will be responsible for safeguarding the hotel’s assets and driving profitability through accurate financial reporting, effective cash flow and cost management, strong internal controls, and sound financial guidance that supports strategic decision-making.

Key Job 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.
• Assist in business development efforts and strategic decision-making.
• 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.
• Facilitate internal and external audits as needed.
• Manage and develop a finance and business support team, fostering a culture of excellence.
• Provide training and mentorship to colleagues to enhance financial knowledge and skills.
• Implement cost-control measures while maintaining quality and service standards.
• Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships.
• Stay updated on financial technology trends and recommend system improvements.
• Ensure the efficient use of financial systems and tools.
• Operate in a safe and environmentally friendly manner, prioritizing guests' and colleagues' health and safety, as well as environmental conservation.
• Adhere to hotel environmental, health, and safety procedures and policies.