Dir Finance & Accounting📣 Job Ad

About the Director of Finance & Accounting Role

Sheraton Hotels & Resorts is seeking a Director of Finance & Accounting for its property in Medina, Al-Madinah Al-Munawarah. This full-time position serves as the property's strategic financial business leader, responsible for developing and implementing strategies that meet or exceed brand expectations while maximizing return on investment. The role requires a strong focus on financial and accounting activities to achieve desirable financial results.

Strategic Financial Leadership

The Director of Finance & Accounting will champion and implement property-wide strategies, acting as the financial business leader. This includes developing means to improve profit, estimating costs and benefits, and exploring new business opportunities. The role involves analyzing information, forecasting sales against expenses, and creating annual budget plans. A key responsibility is to identify underlying principles, reasons, or facts by breaking down information or data into separate parts, and to think creatively and practically to develop and implement new business plans aligned with the property and brand's strategic direction.

Financial Planning and Control

This position is responsible for creating the annual operating budget for the property and providing analytical support during budget reviews to identify cost-saving and productivity opportunities. Implementing a system of appropriate controls to manage business risks and ensuring a strong accounting and operational control environment to safeguard assets, improve operations, and profitability are critical. The role requires analyzing financial data and market trends, producing accurate forecasts, and ensuring profits and losses are documented accurately. Monitoring all applicable taxes and ensuring timely submission of reports are also key duties.

Team Leadership and Stakeholder Management

The Director will lead, influence, and encourage others using strong interpersonal and communication skills, advocating for sound financial/business decision-making and leading by example. This includes communicating strategic goals clearly to subordinates and leveraging functional leadership to influence the executive team and property strategies. Overseeing internal, external, and regulatory audit processes, assigning clear accountability with appropriate authority, and conducting annual performance appraisals are also part of the leadership responsibilities. The role involves attending meetings and communicating with owners to understand priorities and strategic focus, advising the GM and executive committee on operating/financial issues, and managing communication with owners effectively.

Qualifications and Experience

Candidates should possess a 4-year bachelor's degree in Finance and Accounting or a related major, with 2 years of experience in finance, accounting, or a related professional area. Alternatively, a Master's degree in Finance and Accounting or a related major with no work experience required will be considered.

Operational and Human Resources Management

Responsibilities include ensuring balance sheet reconciliation with appropriate documentation, verifying the accuracy of the Profit & Loss statement, and ensuring compliance with management contracts, reporting requirements, and standard operating procedures. The role also involves ensuring team members are cross-trained, property policies are administered fairly, and new hires receive appropriate orientation and training. Creating development plans for team members based on their strengths and aspirations, conducting performance reviews, and participating in hiring activities are also key human resource functions.