director of finance

Merex Investment Group

An exciting opportunity has arisen for a strong&gt;Director of Finance/strong&gt; to join thestrong&gt; Finance/strong&gt; team in strong&gt;Jumeirah Living Marina Gate/strong&gt;. The main duties and responsibilities of this role:
<ul>
 <li>Ensure accurate maintenance of financial records, compliance with accounting standards, and adherence to legal and regulatory requirements, including preparation and review of financial statements.</li>
 <li>Establish robust cash management controls, prepare cash flow forecasts, and oversee reconciliations of balance sheet accounts to ensure accuracy and identify discrepancies.</li>
 <li>Supervise the Finance and Accounting department, ensuring smooth operations and timely delivery of financial reports, while also providing training and development opportunities to enhance team skills.</li>
 <li>Direct the preparation of annual budgets and monthly forecasts, establish major financial objectives and policies, and conduct analysis to minimize variances and maximize return on investment.</li>
 <li>Contribute financial insights and recommendations to strategic planning processes, establish functional objectives aligned with organizational goals, and prepare long-term capital and operational projections.</li>
 <li>Maintain professional relationships with stakeholders such as owners, asset managers, and corporate teams, reporting on financial performance, acting as a business advisor, and addressing specific requirements.</li>
</ul>

Director of Finance

Capella Hotels and Resorts

<div>
 
 
 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
 
 
 <ul>
 <li>
 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.
 </li>
 <li>
 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.
 </li>
 <li>
 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.
 </li>
 <li>
 Ensures that monthly reconciliations for all balance sheet accounts are prepared and signed off on in accordance with policy.
 </li>
 <li>
 Review and sign off on all bank reconciliations monthly, paying special attention to reconciling items.
 </li>
 <li>
 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.
 </li>
 <li>
 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.
 </li>
 <li>
 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.
 </li>
 <li>
 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.
 </li>
 <li>
 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
 </li>
 </ul>
 
 
 
 
 
 TALENT PROFILE
 
 
 <ul>
 <li>
 Masters/Degree in Business Management specialising in Finance Management.
 </li>
 <li>
 Minimum of 5 years&rsquo; experience in a similar capacity in a luxury brand hotel, auditing will be advantage.
 </li>
 <li>
 Candidate must be fluent in English with excellent knowledge of local business legislation, fluency in Arabic spoken and written is an asset.
 </li>
 <li>
 Strong Business acumen, excellent communication, analytical and interpersonal skills
 </li>
 </ul>
 
 
 
 
 
 Kindly note that only shortlisted candidates will be contacted.
 
 
</div>

Accor

<div>Job Description 
We are seeking a visionary and analytical Director of Finance to join our team in Alexandria, Egypt. As a key member of our senior leadership, you will be responsible for overseeing all financial operations, driving strategic financial planning, and ensuring the long-term financial health of our organization.<ul><li>
Develop and implement financial strategies aligned with the company's overall business objectives</li><li>
Lead and manage the finance department, overseeing all accounting, budgeting, financial planning, and analysis functions</li><li>
Direct the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, and tax returns</li><li>
Oversee the company's budget process, providing insightful analysis and recommendations to senior management</li><li>
Manage relationships with external auditors, banks, and financial institutions</li><li>
Implement and maintain robust financial controls and risk management processes</li><li>
Drive financial innovation and process improvements to enhance efficiency and accuracy</li><li>
Provide strategic financial input and leadership on decision-making issues affecting the organization</li><li>
Ensure compliance with local and international financial regulations and reporting standards</li><li>
Collaborate with other department heads to develop financial plans and forecasts</li><li>
Present financial reports to the board of directors, highlighting insights and recommended actions</li></ul> 

Qualifications 
<ul><li>
Bachelor's degree in Accounting, Finance, or related field required; CPA, CMA, or MBA preferred</li><li>
Minimum of 10 years of progressive experience in finance or accounting, with at least 5 years in a senior leadership role</li><li>
Strong understanding of financial principles, including full-cycle accounting, budgeting, forecasting, and financial analysis</li><li>
Excellent knowledge of U.S. GAAP, IFRS, and internal control best practices</li><li>
Proficiency in advanced financial modeling and analysis techniques</li><li>
Experience with ERP systems and financial software; knowledge of data visualization tools is a plus</li><li>
Strong analytical and problem-solving skills with a keen attention to detail</li><li>
Exceptional leadership abilities with experience managing and developing high-performing teams</li><li>
Outstanding verbal and written communication skills, with the ability to present complex financial information to diverse audiences</li><li>
Proven track record of driving financial strategy and contributing to organizational growth</li><li>
Experience in international finance and familiarity with Egyptian financial regulations is highly desirable</li><li>
Ability to work effectively in a fast-paced, dynamic environment and manage multiple priorities</li><li>
Demonstrated integrity and ethical standards in handling sensitive financial information</li><li>
Fluency in English required; proficiency in Arabic is a plus</li></ul></div>

Sofitel

<div>Company Description 
Join a hotel that is a member of the Accor network, whose group brings together more than 45 brands, 5,500 hotels, 10,000 restaurants and lifestyle destinations. Here, we believe in you and what you bring to the table. There are many opportunities for development and advancement. Every gesture, every smile, every action, contributes to creating a positive and memorable impact for our customers, our colleagues and also for our planet. Together, we embody the vision of responsible hospitality.
Take the opportunity to become a Heartist&reg;, and let your heart guide you in this world where life beats faster. 
Job Description 
The Director of Finance will be responsible for overseeing all financial aspects of the hotel, ensuring the integrity and accuracy of financial operations. This role involves strategic planning, financial analysis, budgeting, forecasting, and compliance. The successful candidate will play a pivotal role in guiding the financial strategy and ensuring the fiscal health of Sofitel Istanbul. 
Qualifications 
Bachelor&rsquo;s degree in Finance, Accounting, or a related field; CPA, CMA, or MBA preferred.
Minimum of 10 years of progressive experience in finance, with at least 5 years in a leadership role within the hospitality industry.
Strong understanding of financial regulations and accounting principles.
Proven ability to develop and implement financial strategies.
Exceptional analytical and problem-solving skills.
Excellent communication and interpersonal skills.
Proficiency in financial software and Microsoft Office Suite.
Ability to work in a fast-paced, dynamic environment. 
Additional Information 
Key Responsibilities: 
Develop and implement financial strategies to achieve the hotel's objectives.
Oversee the preparation and analysis of financial reports, ensuring accuracy and compliance with regulations.
Manage the budgeting process, including forecasting and variance analysis.
Ensure effective internal controls are in place to safeguard company assets.
Monitor cash flow, investments, and financial planning.
Provide strategic recommendations to senior management based on financial analysis and projections.
Collaborate with department heads to optimize financial performance and achieve operational efficiencies.
Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
Liaise with external auditors, regulatory bodies, and stakeholders as necessary.
Ensure compliance with all financial regulations and standards.</div>

Hyatt

<div><div>Summary<div>
You will be responsible for the efficient running of the department in line with Hyatt International's Corporate Strategies and brand standards, whilst meeting employee, guest and owner expectations. The Assistant Director of Finance is responsible to assist the Director of Finance in managing the department, through planning, organizing, directing and controlling the Accounting &amp; Finance and Information Systems policies and procedures, operation and administration.</div></div><div>
Qualifications<div>
Ideally with a university degree or diploma in Finance or Hospitality/Tourism management. CA certification would be an advantage. Minimum 2 years work experience as Assistant Director of Finance or Finance Manager. Good problem solving, administrative and interpersonal skills are a must.</div></div></div>

ASSISTANT DIRECTOR OF FINANCE

Hilton

<div>
 The Cluster Director of Finance is accountable for their portfolio of hotels in respect of understanding and driving financial performance and is responsible to perform all finance activities within the policy, regulatory and contractual framework. The role will business partner with the General Managers and has accountability for developing excellent working relationships across a broad range of internal and external stakeholders, including within Hotel Finance, Commercial, IT, Procurement, Human Resources, Operations, Shared Service Centers (where applicable), Owners and Asset Managers as well as Regional Operations Finance. The Cluster Director of Finance works closely with all Business Partners to develop best-in-class hotel Finance teams, including the participation in all relevant Finance development programs. You will be and remain familiar with the management agreement for the Hotel and implement processes and procedures to ensure the Hotel is operated in compliance with the management agreement, reporting issues of non compliance to your supervising manager.
 
 
 
 What will I be doing?
 
 
 
 <ul>
 <li>
 Maximize profitability and performance of Managed Hotels or cluster of hotels in scope
 </li>
 <li>
 Partner with Central Corporate Functions to identify areas of opportunity, to increase revenues or reduce costs across the estates
 </li>
 <li>
 Lead commercial financial analysis, monthly forecasts reviews and meetings, annual budget, cash flow analysis and other financial benchmarking and tools
 </li>
 <li>
 Partner with General Managers, hotel management teams to identify opportunities for the hotels (cost savings; revenue initiatives; working capital improvements)
 </li>
 <li>
 Serve as a strategic business partner and financial advisor to hotel management and ownership, lead monthly performance review meetings
 </li>
 <li>
 Assist and advise team heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability
 </li>
 <li>
 Demonstrate full understanding of Lease / Management Agreements and related implications for hotels in scope for the role
 </li>
 <li>
 Provide financial oversight of capital expenditure projects as necessary
 </li>
 <li>
 Build competence with relevant Team Members through training, best practice sharing, recognition and rewards, and other professional development opportunities
 </li>
 <li>
 Ensure hotels are in compliance with Corporate Policies (SPI&rsquo;s) and governmental rules and regulations and report irregularities and non-compliant situations as required by corporate guidelines
 </li>
 <li>
 Ensure that the best interest of the hotels, Hilton International and owners are protected and seek advice from the Regional Director of Finance if and when needed
 </li>
 <li>
 Provide direction and directives to the departmental team members in the performance of their duties for establishing work priorities and in achieving management objectives
 </li>
 <li>
 Determine staffing needs and oversee the recruiting, selecting, hiring, training and developing of certain departmental team members
 </li>
 <li>
 Perform regular communication meetings and ensure that hotel finance team is kept informed of all relevant hotel and company information, news and initiatives
 </li>
 <li>
 Oversee and evaluate business processes to maximize efficiency and effectiveness within the department
 </li>
 <li>
 Ability to deliver presentations and effectively present to hotel team, owners and Regional team
 </li>
 <li>
 Participate in and lead finance projects as and when required
 </li>
 <li>
 Perform other duties and responsibilities as and when assigned or required
 </li>
 <li>
 Act in accordance with fire, health and safety regulations on property and follow the correct procedures when required
 </li>
 <li>
 Ensure month-end reporting to owner and Hilton is completed within the deadlines
 
 
 
 </li>
 </ul>
 
 What are we looking for?
 
 
 
 <ul>
 <li>
 Preferably with 7 years of relevant and progressive accounting or finance experience; preferably in hospitality industry
 </li>
 <li>
 4 years of experience in a managerial role would be an asset
 </li>
 <li>
 Strategic thinker with the ability to formulate effective goals, objectives and priorities with a long term perspective
 </li>
 <li>
 Strong communication and negotiation skills (all levels of management and external customers)
 </li>
 <li>
 Financial and operational analytical skills (operational analysis)
 </li>
 <li>
 Knowledge of departmental and hotel operations
 </li>
 <li>
 Ability to exercise judgment in evaluating situations and in making sound decisions
 </li>
 <li>
 Ability to analyze and interpret financial data
 </li>
 <li>
 Leadership and organizational skills (team orientation, flexible, adaptable)
 </li>
 <li>
 Ability to analyze large volume of complex financial information from many sources and create reports, forecasts projections
 </li>
 <li>
 Proficiency in MS Office suite applications (Excel, Word, Powerpoint)
 
 
 
 </li>
 </ul>
 Additional Preferences:
 
 
 <ul>
 <li>
 Bachelors degree holder; preferably in Accounting or Finance
 </li>
 <li>
 Holds Accounting certification ideally &ldquo;Egyptian Society of Auditors &amp; Accountants&rdquo; - (ESAA), would be an asset
 
 
 
 </li>
 </ul>
 
 What will it be like to work for Hilton?
 
 
 
 Hilton is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For nearly a century, Hilton has offered business and leisure travelers the finest in accommodations, service, amenities and value. Hilton is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Our vision &ldquo;to fill the earth with the light and warmth of hospitality&rdquo; unites us as a team to create remarkable hospitality experiences around the world every day. And, our amazing Team Members are at the heart of it all!
 
 
 
 Work Locations
 
 
 
 Hilton Cairo Heliopolis
 
 
 
 Schedule
 
 
 
 Full-time
 
 
 
 Brand
 
 
 
 Hilton Hotels &amp; Resorts
 
 
 
 Job
 
 
 
 Finance
</div>

Cluster Director of Finance

<div>Company Description 
Join a hotel that is a member of the Accor network; Sofitel Cairo Nile Downtown, whose group brings together more than 45 brands, 5,500 hotels, 10,000 restaurants and lifestyle destinations. Here, we believe in you and what you bring to the table. There are many opportunities for development and advancement. Every gesture, every smile, every action, contributes to creating a positive and memorable impact for our customers, our colleagues and also for our planet. Together, we embody the vision of responsible hospitality.
Take the opportunity to become a Heartist&reg;, and let your heart guide you in this world where life beats faster. 
Job Description 
<ul><li>
Oversee all financial operations, including financial reporting, budgeting, forecasting, and cash management</li><li>
Ensure financial compliance with federal, state, and local regulations, as well as internal policies</li><li>
Develop financial strategies that align with business goals and objectives, driving profitability and long-term growth</li><li>
Lead financial planning and analysis, providing key insights to support decision-making at the executive level</li><li>
Manage hotel financial risks, identifying potential issues and implementing effective mitigation strategies</li><li>
Collaborate with department heads to develop and manage the annual budget, ensuring alignment with corporate priorities</li><li>
Direct the preparation and analysis of financial statements, ensuring accuracy and timeliness</li><li>
Monitor financial performance, identifying trends and opportunities to improve profitability</li><li>
Implement best practices in financial management, accounting, and reporting across all business units</li><li>
Lead the Finance team, promoting a culture of accountability, transparency, and continuous improvement</li></ul> 

Qualifications 
<ul><li>
5+ years of relevant experience in Finance Management in 5 stars hotel with luxury experience</li><li>
Bachelor's degree in finance</li><li>
Very good command of written and spoken English</li><li>
Strong problem-solving capabilities</li><li>
Excellent leadership skills with a hands-on approach and lead-by-example work style</li><li>
Ability to find creative solutions, offering advice and recommendations</li><li>
Personal integrity, with the ability to work in an environment that demands excellence, time and energy</li><li>
Strong communication and listening skills, excellent speaking, reading and writing skills</li><li>
Outstanding analytical and strategic skills improving the business from a financial perspective</li><li>
Skilled with Microsoft Office software, especially strong in Excel</li><li>
An open, positive and communicative personality</li></ul> 

Additional Information 
experience is an asset 
Prior experience working with Opera or a related system 
Strong interpersonal and problem solving abilities 
Fluency in English, additional languages are a plus</div>

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