Finance Manager

AccorHotel; Saudi Arabia; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Finance Manager to lead financial operations during its pre-opening phase. This pivotal role involves developing financial strategies, managing budgets, and ensuring compliance with International Financial Reporting Standards (IFRS). The ideal candidate will possess exceptional technical expertise and leadership skills, guiding the hotel towards long-term sustainability. If you are passionate about maintaining a world-class facility and eager to shape the future of a prestigious establishment, this opportunity is perfect for you.

Qualifications

• Bachelor's degree in commerce/business/accounting required.
• 5+ years of experience in a luxury hotel brand.
• Proficiency in financial software and excellent English communication.

Responsibilities

• Manage financial operations and establish a comprehensive financial structure.
• Prepare annual budgets and monthly forecasts for the hotel.
• Ensure compliance with International Financial Reporting Standards (IFRS).

Skills

Financial Reporting

Budget Management

Cash Management

Leadership Skills

Communication Skills

Education

Bachelor's Degree in Business Administration

Professional Accreditation (ACA, ACCA, CPA, CIMA, CMA, IFRS)

Tools

MS Office

Opera

Micros

Sun

Hyperion

Job description

Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Job Description

The Finance Manager will play a crucial role in steering the financial operations of FAENA, during its pre-opening phase. Responsible for establishing and overseeing a comprehensive financial structure that supports the resort's successful launch, including the development and implementation of financial strategies, budget management, and providing financial guidance to senior management for long-term sustainability. Excellent knowledge in International Financial Reporting Standards (IFRS) is a must. If you possess exceptional technical expertise, excellent leadership skills, and a passion for maintaining a world-class facility, we invite you to take on this pivotal role and shape the future of our esteemed establishment!

Key Responsibilities:

Financial and Management Accounting Responsibilities:

• The main responsibilities are managing the accounting records, financial reports and oversee the issuance of financial reporting.
• To ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
• Ensure general ledger posting are compliant with uniform system of accounting for lodging industry and company finance policies.
• Establish strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.
• Manage cash requirement and coordinate with owners on the funds.
• Ensure all balance sheet accounts are fully reconciled on a monthly basis and discrepancies are immediately identified and corrected.
• Review and approve balance sheet reconciliation in line with company policy.
• To oversee the Finance and Accounting department in the hotel, and ensure its smooth running so that all financial and management reports are accurate and available by their due dates.
• Establish and recommend to management major financial objectives for hotel.
• Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel.
• Draft and maintain accurate yearly financial statements, in accordance with International Financial Reporting Standards (IFRS).
• Generate and discuss with relevant parties special operation analysis reports with a strategic objective of minimizing the variance: performance versus budget and versus prior year, flow through analysis, outlet menu engineering, profit margin analysis, manning structure and payroll cost, etc
• Ensure all capital purchases / disposals are in accordance with policies and procedures and to review all management and depreciation reports.

Communication and relationship:

• Establish a professional and strong relationship with owners and asset managers.
• Report monthly to regional, corporate and asset management group on the property financial performance.
• Work closely with the General Manager and Executive committee of the property and act as a business advisor and risk advocate.
• To maintain close communication with third parties such as government auditors, external auditors, business partners and local authorities.
• Provide training in hotels to enhance the financial skills of the Management Team as a whole. You should be the "coach" to both the Hotel Finance teams and non-Financial Managers.
• Maintain appropriate records of education, training, skills and experience of each individual colleague.
• Ensure that responsibilities and authorities are defined and communicated within the organization.
• Set individual development plan for each individual colleague and strive for their future development.
• Work on special assignments set by regional or corporate team and meet specific deadline set by the group.

Desired Candidate Profile

Qualifications

• In order to be considered for this role, you will have a bachelor s degree in commerce / business / accounting or professional accreditation e.g. ACA, ACCA, CPA, CIMA, CMA, IFRS.
• Minimum of 5 years' experience in a similar role with luxury hotel brand.
• Proficiency in computer software systems such as MS Office and knowledge of Opera, Micros, Sun, and Hyperion is essential and e excellent communication skills in written and spoken English.

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