Director of Finance

JOB SUMMARY

The Director of Finance (DOF) holds the key leadership of the Finance Department. The individual is responsible for safeguarding the hotel assets and financial resources contributing towards maximizing hotel profitability. As the Pre-Opening DOF for Capella Diriyah and member of the Guidance Team (Executive Committee), the individual will oversee pre-opening, critical path leading to the opening, setting up of company policies and provides the leadership, vision and strategic direction in continuous improvement of operation standards to ensure that the hotel delivers stellar level of service to all guests and achieve long-term financial performance for the Owners and the Hotel.

THE ROLE

• Oversees and manages all aspects of the Finance department and ensures that all colleagues comply with service standards, departmental policies and operating procedures set by the hotel.
• Continuously deliver the highest level of product with respect to financial reporting and analysis, internal control compliance and business management. Ensure this is done with both integrity and accuracy.
• As appropriate, based on the hotel's accounting on behalf of owners, interest accruals on long-term debt may be recorded on the hotel's books; the Director of Finance should ensure accuracy of the unpaid balance and applicable interest rate, and accrue the expense to the Interest Expense line item and record the corresponding liability in the Accrued Interest liability account.
• Ensures that monthly reconciliations for all balance sheet accounts are prepared and signed off on in accordance with policy.
• Review and sign off on all bank reconciliations monthly, paying special attention to reconciling items.
• Monitor and effectively manage labour costs; plan vacations effectively and ensure proper service levels are provided with the labour standards, while minimizing over-time. Ensure all colleagues and colleagues comply with the local Employment Laws.
• Prepare forecasts and budgets as required locally, by Corporate Office and or Owners. Review the cash position of the hotel on a daily basis in order to optimize the use of funds.
• Maintain an up-to-date knowledge of the hotel daily services, activities, promotion, and event. Effectively communicate and update all colleagues on any changes to ensure guests receive up-to-date information.
• Foster a positive working environment for all colleagues and check in regularly to ensure colleagues satisfaction and maintain strong working relationships within the. Give praises and encouragements for good performances.
• Maintains strong working relationships with other departments to ensure effective communications for operational issues, serves as a role model for inter-departmental collaboration and support

TALENT PROFILE

• Masters/Degree in Business Management specialising in Finance Management.
• Minimum of 5 years’ experience in a similar capacity in a luxury brand hotel, auditing will be advantage.
• Candidate must be fluent in English with excellent knowledge of local business legislation, fluency in Arabic spoken and written is an asset.
• Strong Business acumen, excellent communication, analytical and interpersonal skills

Kindly note that only shortlisted candidates will be contacted.