Dir Finance A📣 Job Ad

About the Role

Luxury Collection is seeking a Finance Director (Dir-Finance-A) to join their team in Jeddah. This full-time position offers the opportunity to serve as the property’s strategic financial business leader, driving financial expertise to meet and exceed brand and customer expectations while maximizing return on investment.

Key Responsibilities

• Champion, develop, and implement property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand’s target customer and property employees.
• Develop and execute a business plan aligned with the property and brand’s business strategy, focusing on financial activities and desirable financial results.
• Identify means to improve profit, including estimating cost and benefit, and exploring new business opportunities.
• Analyze information, forecast sales against expenses, and create annual budget plans.
• Compile, analyze, and monitor actual sales against projected sales, and analyze differences between actual budget wages and forecasted wages for efficient budget planning.
• Identify underlying principles, reasons, or facts by breaking down information or data into separate parts.
• Think creatively and practically to develop, execute, and implement new business plans.
• Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost-saving and productivity opportunities.
• Implement a system of appropriate controls to manage business risks and ensure a strong accounting and operational control environment to safeguard assets, improve operations, and profitability.
• Analyze financial data and market trends, and lead the development and implementation of a comprehensive annual business plan aligned with the company’s and brand’s strategic direction.
• Provide ongoing analytical support by monitoring operating department’s actual and projected sales, and produce accurate forecasts that enable operations to react to changes in the business.
• Utilize interpersonal and communication skills to lead, influence, and encourage others; advocate sound financial/business decision-making; demonstrate honesty and integrity; lead by example.
• Communicate strategic goals, focus, and owner priorities to subordinates clearly and precisely.
• Leverage strong functional leadership and communication skills to influence the executive team, property strategies, and lead own team.
• Oversee internal, external, and regulatory audit processes.
• Provide leadership by assigning clear accountability to team members and other department managers, backed by appropriate authority.
• Conduct annual performance appraisals with direct reports according to standard operating procedures and participate in hiring activities as appropriate.
• Attend meetings and communicate with owners, understanding their priorities and strategic focus, and advise the GM and executive committee on operating/financial issues.
• Communicate financial concepts clearly and persuasively, and demonstrate an understanding of cash flow and owner priorities.
• Manage communication with owners effectively and manage property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.
• Facilitate critique meetings to review information with the management team, ensure Profits and Losses are documented accurately, and monitor all applicable taxes.
• Submit reports in a timely manner, develop and support achievement of performance goals, improve profit growth in operating departments, and review audit issues for accuracy.
• Monitor the purchasing process as applicable, generate and provide accurate and timely results in reports and presentations.
• Reconcile balance sheets to ensure account balances are supported by appropriate documentation and ensure the P&L is accurate.
• Ensure compliance with management contract, reporting requirements, and standard operating procedures.
• Ensure team members are cross-trained, property policies are administered fairly and consistently, and new hires participate in orientation and receive appropriate training.
• Create appropriate development plans for team members based on their individual strengths, development needs, career aspirations, and abilities.

Qualifications and Requirements

• A 4-year bachelor’s degree in Finance and Accounting or a related major, with 3 years of experience in finance and accounting or a related professional area.
• Alternatively, a Master’s degree in Finance and Accounting or a related major, with 1 year of experience in finance and accounting or a related professional area.