Director Finance

About Red Sea Global and DMC

Red Sea Global (RSG) is a prominent developer of luxury tourism destinations. DMC (Destination Management Company) is a subsidiary of RSG, specializing in the design and implementation of comprehensive travel solutions including hotel accommodations, transportation, itineraries, activities, and logistics for RSG destinations. DMC serves both B2B and B2C customers, providing end-to-end planning and booking solutions, supported by advanced technology and a dedicated customer care team available around the clock. The company also offers Meet & Assist services to ensure a seamless travel experience for guests.

Role Summary

The Director Finance will lead the VRS Finance function within VRS’ Shared Services. This full-time role, based in Riyadh, Saudi Arabia, involves overseeing all financial operations including Accounting, Budgeting & Forecasting, and Financial Reporting. The Director Finance is responsible for ensuring sound financial management, regulatory compliance, and providing strategic financial support to optimize organizational performance in alignment with Visit Red Sea’s long-term objectives.

Key Responsibilities

• Financial Leadership & Strategy: Provide strategic financial direction and insights to senior leadership and the VRS Shared Services team. Align financial planning with Visit Red Sea’s organizational goals and long-term strategy, acting as a financial advisor to the Head of VRS Shared Services and other division heads.
• Accounting & Compliance: Oversee all accounting operations to ensure accuracy, integrity, and compliance with applicable regulations and standards. Manage timely month-end and year-end close processes, maintain internal controls, and ensure adherence to financial policies and procedures.
• Budgeting & Forecasting: Lead the annual budgeting process across VRS Shared Services departments. Develop and manage rolling forecasts, conduct variance analyses, and create financial models. Partner with department heads to monitor budget performance and recommend corrective actions.
• Financial Reporting: Oversee the preparation and delivery of accurate and timely financial reports for both internal and external stakeholders. Present financial results, key metrics, and recommendations to senior management, ensuring compliance with statutory and regulatory reporting requirements.
• Team Management: Lead, mentor, and develop the VRS Finance team, which includes Accounting, Budgeting & Forecasting, and Financial Reporting sections. Set clear performance objectives, conduct regular performance reviews, and foster a high-performance, collaborative finance culture.

Qualifications and Experience

• A minimum of 10 years of relevant experience in finance leadership roles.
• Demonstrated expertise in accounting, budgeting, forecasting, and financial reporting.
• Strong understanding of regulatory compliance and internal control frameworks.

Work Location

This position is based in Riyadh, Saudi Arabia.

Application Process

Candidates who meet the qualifications are encouraged to apply.