Director of Finance📣 Job Ad

About the Role

Marriott International is seeking a Director of Finance for a full-time position in Jeddah. This role functions as the property’s strategic financial business leader, responsible for championing, developing, and implementing property-wide strategies to deliver products and services that meet or exceed customer and employee expectations. The Director provides financial expertise to ensure the successful implementation of the brand service strategy and initiatives, while maximizing return on investment. This position involves creating and executing a business plan aligned with the property and brand’s business strategy, with a focus on financial activities and achieving desirable financial results.

Key Responsibilities

• Develop strategies 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 and forecasted wages for efficient budget planning.
• Identify underlying principles and facts by breaking down information or data into separate parts.
• Develop, execute, and implement new business plans, and create the annual operating budget for the property.
• Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
• 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 the operating department’s actual and projected sales, and produce accurate forecasts that enable operations to react to changes in the business.

Leadership and Stakeholder Engagement

• Utilize interpersonal and communication skills to lead, influence, and encourage others; advocate sound financial/business decision-making; demonstrate honesty and integrity; and lead by example.
• Communicate strategic goals, focus, and owner priorities to subordinates in a clear and precise manner.
• Leverage strong functional leadership and communication skills to influence the executive team, the property's strategies, and to lead own team.
• Oversee internal, external, and regulatory audit processes.
• Provide leadership by assigning team members and other department managers clear accountability backed by appropriate authority.
• Conduct annual performance appraisals with direct reports according to standard operating procedures.
• Attend meetings and communicate with owners, understanding their priorities and strategic focus, and manage communication with owners effectively.
• Advise the General Manager and executive committee on existing and evolving operating/financial issues.
• Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
• Demonstrate an understanding of cash flow and owner priorities, and manage property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.

Financial Operations and Compliance

• Ensure Profits and Losses are documented accurately, and monitor all applicable taxes, ensuring they are current, collected, and/or accrued.
• Submit reports in a timely manner, ensuring delivery deadlines, and develop and support achievement of performance, budget, and team goals.
• Improve profit growth in operating departments, and review audit issues to ensure accuracy.
• Monitor the purchasing process as applicable.
• Generate and provide accurate and timely results in the form of reports and presentations.
• Reconcile balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
• Ensure that the P&L is accurate (*, costs are properly matched to revenue, costs are recorded in the proper accounts).
• Ensure compliance with management contract and reporting requirements, and with standard and local operating procedures.
• Oversee human resource activities including ensuring 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 individual strengths, needs, aspirations, and abilities, and conduct performance review processes.

Qualifications

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

Company Culture and Values

At Marriott International, we are dedicated to being an equal opportunity employer, welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and celebrated, recognizing that our greatest strength lies in the rich blend of culture, talent, and experiences. We are committed to non-discrimination on any protected basis, including disability, veteran status, or other basis protected by applicable law.

This role is part of a team that upholds The Ritz-Carlton's "Gold Standards," which guide daily operations and service delivery across more than 100 award-winning properties worldwide. These standards are foundational to The Ritz-Carlton's reputation as a global leader in luxury hospitality. As part of this team, you will learn and exemplify the Gold Standards, including the Employee Promise, Credo, and Service Values. Joining The Ritz-Carlton means joining a portfolio of brands within Marriott International, where associates are empowered to be creative, thoughtful, and compassionate, fostering a sense of pride in their work and team.