Finance Manager

About the Role

Legacy Hotels Holding is seeking an experienced Finance Manager for Tulip Inn Al Daar Rawafid, a franchised hotel located in Medina, Al Madinah, Saudi Arabia. This full-time role involves leading the hotel’s financial strategy, including budgeting, forecasting, reporting, and financial controls.

Role Context and Objectives

The Finance Manager will work closely with the General Manager and the hotel’s ownership and leadership teams. The primary objective is to safeguard the hotel’s assets and drive profitability. This is achieved through accurate financial reporting, effective cash flow and cost management, strong internal controls, and providing sound financial guidance to support strategic decision-making.

Key Responsibilities

• Develop and execute the hotel's financial strategy, ensuring alignment with company objectives.
• Lead budgeting, forecasting, and financial planning to meet financial goals.
• Provide financial guidance and recommendations to the General Manager and senior management.
• Prepare and analyze financial statements, identifying trends and variances.
• Monitor financial performance, highlighting areas for improvement or cost-saving opportunities.
• Maintain accurate and timely financial records, ensuring compliance with regulatory requirements.
• Collaborate with various departments to evaluate and optimize business processes.
• Conduct feasibility studies and financial analysis for potential projects or investments.
• Assist in business development efforts and strategic decision-making.
• Manage cash flow and liquidity, ensuring funds are available for operational needs.
• Implement effective treasury and cash management practices.
• Identify financial risks and implement risk mitigation strategies.
• Ensure compliance with financial regulations, company policies, and industry standards.
• Facilitate internal and external audits as needed.
• Manage and develop a finance and business support team, fostering a culture of excellence.
• Provide training and mentorship to colleagues to enhance financial knowledge and skills.
• Implement cost-control measures while maintaining quality and service standards.
• Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships.
• Stay updated on financial technology trends and recommend system improvements.
• Ensure the efficient use of financial systems and tools.

Qualifications and Experience

• A minimum of 5-10 years of experience in a relevant finance role.
• Demonstrated ability to lead financial strategy, budgeting, forecasting, and reporting.
• Strong understanding of financial controls and asset safeguarding.

Work Environment and Safety

The Finance Manager is expected to operate in a safe and environmentally friendly manner, prioritizing the health and safety of guests and colleagues, as well as environmental conservation. Adherence to hotel environmental, health, and safety procedures and policies is required.

Application Information

This is a full-time position. Salary details will be discussed during the interview process.