Dir Finance & Accounting📣 Job Ad

About the Director of Finance & Accounting Role

Sheraton Hotels & Resorts is seeking a Director of Finance & Accounting to serve as the property's strategic financial business leader. This full-time position, based in Medina within the Eastern Province, requires 2-5 years of experience. The role is central to developing and implementing property-wide strategies that align with brand standards, enhance guest satisfaction, and maximize return on investment.

Strategic Financial Leadership

This position champions financial expertise to drive the successful execution of brand service strategies and initiatives. The Director will create and implement a business plan aligned with the property and brand's strategic direction, focusing on financial and accounting activities to achieve desirable financial results. This includes developing means to improve profit, estimating costs and benefits, and exploring new business opportunities.

Key Responsibilities

• Analyzing information, forecasting sales against expenses, and creating annual budget plans.
• Monitoring actual sales against projected sales and analyzing budget variances for efficient planning.
• Identifying underlying principles in data and developing practical, new business plans.
• Creating the annual operating budget and providing analytical support for cost-saving opportunities.
• Implementing appropriate controls to manage business risks and ensuring a strong accounting and operational control environment.
• Analyzing financial data and market trends to support strategic direction.
• Overseeing internal, external, and regulatory audit processes.
• Ensuring accurate documentation of Profits and Losses and timely submission of reports.
• Monitoring taxes to ensure they are current, collected, and/or accrued.
• Reconciling balance sheets and ensuring the accuracy of the P&L.
• Ensuring compliance with management contracts, reporting requirements, and operating procedures.

Team Leadership and Stakeholder Engagement

The role involves leading and influencing finance and accounting teams through clear communication of strategic goals and priorities. The Director will leverage functional leadership skills to influence the executive team and property strategies. This includes overseeing audit processes, assigning clear accountability, and conducting performance appraisals. Engaging with owners and the executive committee to understand priorities and advise on operating and financial issues is also a key aspect. The Director will manage property working capital and cash flow in accordance with brand standards and owner requirements.

Qualifications and Experience

• A 4-year bachelor's degree in Finance and Accounting or a related major, with 2 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 no work experience required.

Human Resources and Development

The Director is responsible for managing human resource activities within the department. This includes ensuring team members are cross-trained, property policies are administered fairly, and new hires receive appropriate orientation and training. Creating development plans based on individual strengths, development needs, and career aspirations, as well as participating in hiring activities, are also key functions.