Dir Finance A📣 Job Ad

About the Role

The Luxury Collection is seeking a Director of Finance to join their team in Makkah, Saudi Arabia. This full-time position will serve as the property’s strategic financial business leader, driving financial performance and supporting brand initiatives within the Jeddah and Makkah regions. The role requires 5-10 years of experience in finance and accounting.

Role Overview

This position functions as the property’s strategic financial business leader. The role champions, develops, and implements property-wide strategies to deliver products and services that meet or exceed the needs and expectations of the brand’s target customer and property employees. It provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing return on investment. Furthermore, it involves creating and executing a business plan aligned with the property and brand’s business strategy, focusing on financial activities and desirable financial results.

Key Responsibilities

• Develop strategies to improve profit, including cost-benefit analysis and exploring new business opportunities.
• Analyze financial information, forecast sales against expenses, and create annual budget plans.
• Compile, analyze, and monitor actual sales against projected sales, and analyze differences between actual and forecasted wages for efficient budget planning.
• Identify underlying principles, reasons, or facts within data by breaking down information into separate parts.
• Develop, execute, and implement new business plans creatively and practically.
• Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost-saving and productivity opportunities.
• Implement 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 company and brand strategic direction.
• Provide ongoing analytical support by monitoring operating department sales and producing accurate forecasts to enable operational adjustments.
• Utilize interpersonal and communication skills to lead, influence, and encourage others, advocating for sound financial/business decision-making and leading by example.
• Communicate strategic goals and priorities clearly to subordinates and leverage leadership skills to influence the executive team and lead the finance team.
• Oversee internal, external, and regulatory audit processes, assigning clear accountability with appropriate authority to team members and other department managers.
• Conduct annual performance appraisals with direct reports.
• Attend meetings and communicate with owners to understand priorities and strategic focus, advising the GM and executive committee on operating/financial issues.
• Communicate financial concepts clearly and persuasively to drive desired behaviors, demonstrating 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, monitor applicable taxes, and submit reports in a timely manner.
• Develop and support the achievement of performance, budget, and team goals, and improve profit growth in operating departments.
• Review audit issues to ensure accuracy and monitor the purchasing process as applicable.
• Generate and provide accurate and timely results in the form of 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 contracts, reporting requirements, and operating procedures.
• Ensure team members are cross-trained, property policies are administered fairly, and new hires participate in orientation and receive appropriate training.
• Create development plans for team members based on their strengths, development needs, career aspirations, and abilities, and conduct performance review processes.
• Participate in hiring activities as appropriate.

Qualifications and Experience

• 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.
• OR 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.
• Minimum of 5-10 years of experience in a finance role.

Work Location and Type

This is a full-time position located in Makkah, Saudi Arabia, with responsibilities spanning the Jeddah and Makkah regions.