Finance Manager - FAENA

FAENA; Saudi Arabia; On-site; SAR 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Finance Manager, where you will steer financial operations during the pre-opening phase of a luxury resort. This pivotal role requires establishing a comprehensive financial structure, developing strategies, and providing guidance to ensure long-term sustainability. You will work closely with senior management, building strong relationships and ensuring compliance with international standards. If you have a passion for excellence and the skills to match, this is your chance to shape the future of an esteemed establishment in a creative and rewarding environment.

Benefits

Competitive salary package

Development opportunities

Creative work environment

International team collaboration

Qualifications

• 5+ years in a finance role within luxury hotel brands.
• Bachelor's degree in commerce or related field required.

Responsibilities

• Manage financial operations and reporting for the resort.
• Establish cash management controls and prepare forecasts.
• Ensure compliance with financial regulations and policies.

Skills

International Financial Reporting Standards (IFRS)

Financial Analysis

Cash Management

Budget Management

Communication Skills

Education

Bachelor’s degree in commerce, business, or accounting

Professional accreditation (e.g., ACA, ACCA, CPA)

Tools

MS Office

Opera

Micros

Sun

Hyperion

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 of International Financial Reporting Standards (IFRS) is essential. If you possess exceptional technical expertise, 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 :

1. Manage accounting records, financial reports, and oversee the issuance of financial reporting.
2. Ensure books, records, and accounts are maintained accurately, reflecting transactions and asset administration.
3. Ensure general ledger postings comply with the uniform system of accounting for the lodging industry and company policies.
4. Establish strong cash management controls, prepare monthly cash flow forecasts, and recommend actions.
5. Manage cash requirements and coordinate with owners on funds.
6. Ensure all balance sheet accounts are reconciled monthly, with discrepancies identified and corrected promptly.
7. Review and approve balance sheet reconciliations in line with company policy.
8. Oversee the Finance and Accounting department to ensure timely and accurate financial and management reports.
9. Establish and recommend major financial objectives for the hotel.
10. Direct the preparation of annual budgets and monthly forecasts; recommend economic objectives and policies.
11. Maintain accurate yearly financial statements according to IFRS.
12. Generate operational analysis reports to minimize variances, including performance vs. budget and prior year, flow-through analysis, menu engineering, profit margin, staffing, and payroll costs.
13. Ensure capital purchases/disposals adhere to policies and review related reports.

Communication and Relationship :

1. Build strong relationships with owners and asset managers.
2. Report monthly on financial performance to regional, corporate, and asset management groups.
3. Collaborate closely with the General Manager and Executive Committee, acting as a business advisor and risk advocate.
4. Maintain communication with government auditors, external auditors, business partners, and local authorities.
5. Provide financial training to hotel management teams and act as a coach for finance and non-finance managers.
6. Keep records of education, training, skills, and experience of staff.
7. Define and communicate responsibilities and authorities within the organization.
8. Develop individual career development plans.
9. Handle special assignments from regional or corporate teams, meeting deadlines accordingly.

Risk, Audit, and Compliance Responsibilities :

1. Ensure compliance with company finance directives and delegation of authority.
2. Ensure legal and regulatory compliance.
3. Coordinate with Internal Audit on compliance, risks, and fraud prevention.
4. Adhere to Ennismore's Code of Conduct and report deviations.
5. Coordinate tax compliance with government authorities.
6. Monitor legal issues affecting the property and report to owners and corporate office.
7. Maintain internal controls to ensure transactions are authorized and compliant with accounting principles and local laws.
8. Maintain relations with external auditors and review their findings.
9. Review and certify financial reports before distribution.
10. Coordinate with treasury and corporate finance on cash flow, policies, audits, and insurance.
11. Contribute to drafting and implementing finance policies, ensuring compliance.
12. Conduct monthly performance reviews with Heads of Departments and develop action plans.

Qualifications

1. Bachelor’s degree in commerce, business, accounting, or professional accreditation (e.g., ACA, ACCA, CPA, CIMA, CMA, IFRS).
2. Minimum of 5 years' experience in a similar role within a luxury hotel brand.
3. Proficiency in MS Office and knowledge of Opera, Micros, Sun, and Hyperion; excellent communication skills in English.

Additional Information

What awaits you...

1. The opportunity to join an international, innovative, and fast-growing group committed to building new hotels and creating a global brand.
2. The chance to challenge norms and work in a creative, rewarding environment.
3. Be part of a passionate team dedicated to creating exceptional hospitality experiences and exploring new locations.
4. A competitive package and ample development opportunities.