Financial Controller

Frasers Hospitality; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

Frasers Hospitality is seeking a Financial Controller for their Riyadh location. This role entails managing financial budgets, forecasting cash flows, and ensuring compliance with local regulations. Ideal candidates will have a degree in accountancy, CPA certification, and experience in the hotel finance sector.

Qualifications

• Tertiary level qualifications in accounting and CPA.
• Experience in hotel finance at management/senior level.
• Knowledge of local financial regulations and IFRS.

Responsibilities

• Prepare financial budgets and manage operating expenses.
• Forecast cash flows and manage the fixed asset register.
• Prepare and submit financial reports to Corporate Office.

Skills

Communication

Organisational skills

Integrity

Financial forecasting

Education

Degree in accountancy

CPA - Certified Public Accountant

Tools

Sage 300

MICROS

Bayan

Infor HMS

Microsoft Excel

Job description

Location : Location : Fraser Suites – Riyadh

Frasers Hospitality, a member of Frasers Property Group, is a global hospitality leader. As the world’s leading brand in serviced apartments and hotel residences, we deliver gold standard hospitality in cities across Asia, Australia, Europe, the Middle East and Africa. A true global brand with a friendly feel, our staff are connected through our shared vision and four core values, collaborative, real, respectful, and progressive. Passionate about promoting from within, our culture is one which is fostered by the continual learning and development needs of our staff.

What you’ll be doing as a Financial Controller :

• In consultation with the General Manager and Director of Sales & Marketing, prepare the financial budget for Fraser Suites Riyadh and submit to Corporate Office and the Owner in the specified format.
• Implement measures to control operating expenses to achieve financial objectives.
• Forecast and manage cash flows to ensure the efficient use of capital to meet business requirements.
• Manage the fixed asset register and implement measures to control the movement and / or disposal of assets.
• Liaise with internal / external legal advisors, consultants and regulatory authorities to ensure operational and legal compliance in all business dealings.
• Prepare and submit monthly financial and management reports on behalf of Fraser Suites Riyadh to Corporate Office and the Owner on a timely basis.
• Conduct detailed business forecast analysis.
• Ensure effective systems are implemented to manage accounts payable, accounts receivable and payroll functions and the staff engaged to perform these duties.
• Preparation of the bank reconciliation on a daily and monthly basis.
• Maintain a continuous improvement regime to ensure best practice measures are employed in all finance department related procedures.

What we’re looking for :

• Formal qualifications at tertiary level to degree standard in accountancy and completion of CPA – Certified Public Accountant
• Proven experience within a hotel finance department at management or senior management level.
• Knowledge of local financial regulations and laws.
• Updated knowledge of IFRS Accounting Standards.
• Competency in Sage 300, MICROS, Bayan, Infor HMS, Microsoft applications (Word,
• Excel, PowerPoint), Vingcard and related hospitality proprietary software packages.
• Excellent oral and written communication skills.
• Strong organisational and work coordinating skills combined with an ability to handle
• multiple assignments and projects simultaneously.
• Professionally groomed.
• Able to work with minimal supervision.
• Ethical, honest and possessing integrity.
• Ability to work to deadlines.
• Able to identify and implement new business practices and processes.

Financial Controller • Riyadh, Saudi Arabia