Finance Director

Roles and Responsibilities

An exciting opportunity has arisen for a Finance Director - Finance. The role will oversee and ensure that the hotel's financial operations run smoothly and ensure the inflow and outflow of cash is monitored, minimizing loss/cost as much as possible. This role involves assisting in the preparation of financial reports, conducting analysis to support decision-making, and collaborating with the leadership team and internal stakeholders to ensure the organization's financial objectives are met.

Your key responsibilities will include:

• Responsible for all aspects of the financial management of the properties, which includes administering accounting policies & procedures, following procurement practices and procedures, preparing and interpreting financial statements and management reports, budgetary control, and all legal/contractual matters to ensure compliance with Jumeirah standards.
• Drive the annual budgeting and forecasting process to ensure all departments are delivering according to the approved targets.
• Lead the Finance team to drive improved performance and develop talent to create solid succession planning within the SBU and beyond for Jumeirah.
• Provide accurate forecasting of the business to determine correct allocation of resources and maximize business performance.
• Provide value-added business performance reporting to give operations the tools to identify areas for improvement.
• Lead the support and coordination of all internal and external audit visits and ensure a good relationship with the key members of these teams and pro-active follow-up of audit issues raised.
• Maintain a strong business relationship with the owner/owner’s representative to align business objectives and facilitate approvals on relevant activities (capex, etc).
• Ensure a detailed understanding of local accounting and tax rules and ensure all reporting is in compliance with company directives.
• Ensure that the capital replacement and disposal policy is enforced as per the company directives and in line with the management agreement.
• Act as a business partner/advisor to the General Manager and other members of the Excom team to help achieve hotel objectives.
• Any other duties as may reasonably be requested by the management.

About You:

The ideal candidate for this position will have the following experience:

• 7 years minimum of relevant experience in a senior finance role.
• Degree level education, preferably with a Finance-related degree - essential.
• Partly or fully qualified professional accounting qualification (ACCA, ACA, CMA, etc) - desirable.
• Experience working for or with the luxury hospitality retail industry preferred.
• This role requires a strategic thinker with strong financial acumen and the ability to drive excellence in financial management practices.
• Strong presentation skills, ability to articulate clearly and concisely financial information to colleagues without a finance background.
• ERP competencies (preferably Oracle Fusion and EPM) – Practical experience including master data management.
• Software competencies – Microsoft Office programs (Advanced Excel models and PowerPoint presentation skills).
• Middle East experience desirable.

Desired Candidate Profile

1. Financial Strategy: Developing and implementing financial strategies that align with the organization’s goals and objectives.

2. Budget Management: Overseeing the preparation and management of budgets, ensuring resources are allocated effectively and efficiently.

3. Financial Reporting: Preparing and presenting financial reports to the executive team and board of directors, providing insights into financial performance and trends.

4. Cash Flow Management: Monitoring cash flow, managing liquidity, and ensuring the organization meets its financial obligations.

5. Risk Management: Identifying financial risks and implementing strategies to mitigate them, including insurance and investment strategies.

6. Compliance: Ensuring compliance with financial regulations, accounting standards, and internal policies, and coordinating audits as necessary.

7. Team Leadership: Managing and mentoring the finance team, fostering a culture of collaboration and continuous improvement.

8. Financial Analysis: Conducting financial analysis to support strategic decision-making, including cost-benefit analysis and investment evaluations.

9. Stakeholder Engagement: Collaborating with other departments and external stakeholders to align financial strategies with operational goals.

10. Technology Integration: Overseeing the implementation of financial systems and technologies that enhance reporting and operational efficiency.

Key Skills

1. Financial Acumen: Deep understanding of financial management, accounting principles, and financial regulations.

2. Analytical Skills: Strong ability to analyze complex financial data and provide actionable insights.

3. Leadership: Proven leadership skills to inspire and guide the finance team, promoting a high-performance culture.

4. Communication: Excellent verbal and written communication skills for presenting financial information to diverse audiences.

5. Strategic Thinking: Ability to think strategically and align financial management with organizational goals.