Director, Finance & Business Support

Fairmont Ramla, Riyadh is a luxury hospitality destination offering premium serviced residences, exceptional dining experiences, and world-class guest services. As part of the renowned Fairmont brand, the property is committed to excellence and innovation, delivering unforgettable experiences through high standards in hospitality

To lead the Finance Team in all financial aspects of the hotel’s operations, to ensure that all local & corporate policies & procedures are observed, and to supervise the day-to-day operations of the Finance office. We are looking for an experienced Director of Finance to oversee all financial aspects of business and drive the company’s financial strategy and planning.

You will be responsible for

Responsibilities

Budgeting: Develop and manage the hotel’s annual budget.; Financial Reporting: Prepare and present financial statements and reports to senior management.; Forecasting: Analyze financial performance and provide forecasts to inform strategic decisions.; Business Analysis: Support operational teams by providing financial insights and analysis to enhance performance.; Cost Control: Implement cost control measures to maintain profitability.; Regulatory Compliance: Ensure adherence to financial regulations and standards.; Risk Assessment: Identify and manage financial risks associated with hotel operations.; Staff Management: Lead and develop the finance team, fostering a collaborative environment.; Training: Provide training and support to staff on financial processes and systems.; Business Development: Collaborate with other departments to identify opportunities for revenue growth.; Investment Analysis: Evaluate potential investment opportunities and their financial implications.; Stakeholder Engagement: Communicate financial performance and strategies to stakeholders, including owners and management.; Cross-Department Collaboration: Work closely with other departments to ensure alignment on financial objectives.; These functions contribute to the overall financial health and operational efficiency of the hotel, ensuring it meets both short-term and long-term goals.; Directs, coordinates, and participates in all activities of Accounting personnel, such as:; preparing management reports, financial statements, and related accounting reports,; receiving, storing, issuing, accounting for, and controlling the cost of food, beverage, general supplies, operating equipment, and fixed assets,; requisition needed equipment, materials, and supplies,; receiving, keeping, depositing, investing, and disbursing funds,; preparing, controlling, and maintaining all vouchers and cheques,; processing and preparing all credit applications,; auditing all revenue reports of the hotel,; Ensures that all accounting reports and financial statements are prepared according to the uniform system of accounts for the hotel.; Sees to the accurate and timely preparation and submission of all accounting reports, financial statements, and tax returns.; Complies in conjunction with the mgt. Department heads are responsible for all budgets and forecasts covering all hotel activities, and maintain all budget control procedures.; Analyzes and interprets financial statements and accounting reports of the hotel, reports to management.; Maintains all proper control systems and procedures and conducts continuous audit of all hotel accounts, records, and transactions.; Implements and administers credit and collection policies and procedures established by the General Manager.; Ensures the maintenance of ledgers and subsidiary records of authorized appropriations and expenditures are properly authorized and accounted for.; Ensures the maintenance of all subsidiary records in connection with inventories, accounts receivables, accounts payables, operating equipment, fixed assets, etc.; Supervises and directs the receiving, storing, and issuing functions to ensure that proper procedures and controls are in effect.; Assists all department heads in the preparation of their respective budgets and feasibility studies, and whenever any financial information or expertise is required.; Ensures the cleanliness and maintenance of all accounting machines and equipment.; Maintains good relations with banks to facilitate the handling of such arrangements as overdrafts, placing funds in time deposits, etc.; Maintains good relationships with the government to facilitate the handling of such hotel functions as tax matters, import licenses, and customs clearances.; Performs related duties as assigned.

Requirements

Hotel Operational Finance knowledge; Accounting -Demonstrated expertise in accounting principles, P&L statements, operating budgets, forecasting and scheduling, and the reporting of financial data; Excellent interpersonal, communication, and organizational skills; Strong problem-solving abilities; Highly responsible and reliable; Ability to work cohesively as part of a team; Ability to focus attention on both guest needs while balancing colleague needs, remaining calm and courteous at all times; Empathetic leader, you are keen to build emotional connection with your colleagues, help them develop their strengths, and provide regular and constructive feedback; You ensure good communication of the Finance information and maintain excellent relationships and partnerships with all the different hotel stakeholders (Owners, Hotel, and Banks, etc.)