Finance Manager📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
EWAA Hotels, a group of Hotels & Resorts known for its hospitality and services, is seeking a Finance Manager to oversee financial operations across its portfolio. With 54 properties in 14 cities across Saudi Arabia, EWAA Hotels serves business and leisure travelers, offering amenities such as conference halls and exhibition centers. The group includes brands like Grand Plaza Hotels & Resorts, Al Muhaidb Hotels & Residence, and EWAA Express Hotels. EWAA Hotels is committed to sustainability and guest experiences. This is a full-time, on-site role based in Jeddah. The Finance Manager will contribute to the company's vision of excellence and community service.
The Finance Manager will develop budgets, prepare financial reports, ensure regulatory compliance, and analyze financial performance to provide strategic insights. This role involves managing accounts, overseeing audits, and contributing to strategic decision-making to ensure the organization's financial health and growth.
Key Responsibilities
- Lead budgeting, forecasting, and cash flow management across multiple hotel properties within EWAA Hotels.
- Consolidate and standardize financial reporting processes to support senior management decision-making.
- Monitor financial performance against objectives and provide strategic recommendations for improvement and growth.
- Strengthen internal financial controls across Finance, Food & Beverage (F&B), Procurement, Payroll, and other operational functions.
- Manage Capital Expenditure (CAPEX) planning, conduct investment evaluations, and ensure a strong Return on Investment (ROI) for capital projects.
- Track and improve key hotel performance indicators, including Revenue Per Available Room (RevPAR), Gross Operating Profit Per Available Room (GOPPAR), and Flow-Through.
- Ensure full compliance with Saudi Arabian regulations, including ZATCA requirements, 15% VAT, and Phase 2 E-Invoicing mandates.
- Oversee all audit processes, manage reconciliations, ensure financial governance, and implement risk management activities.
Qualifications and Requirements
- A Bachelor's degree in Finance or Accounting is required.
- A minimum of 10 years of progressive experience within the hotel industry is essential.
- A minimum of 5 years of experience specifically in a Finance Manager position is mandatory.
- Proven experience managing finance operations across multiple hotel properties is a key requirement.
- At least 5 years of experience overseeing financial controls for F&B, Procurement, and Payroll functions is necessary.
- A minimum of 1 year of experience managing CAPEX projects and evaluating ROI is required.
- Demonstrated experience in monitoring and improving key hotel KPIs, including RevPAR, GOPPAR, and Flow-Through, is essential.
- A minimum of 1 year of hands-on experience with ZATCA regulations, 15% VAT, and Phase 2 E-Invoicing is required.
- Strong knowledge of the Saudi Arabian regulatory, taxation, and compliance framework is crucial.
Required Skills
- Budgeting
- Forecasting
- Cash Flow Management
- Financial Reporting
- Financial Performance Analysis
- Financial Planning
- Financial Strategies
- Account Management
- Audits
- Strategic Decision-Making
- Internal Controls
- CAPEX Planning
- Investment Evaluation
- Return on Investment (ROI)
- Hotel KPIs (RevPAR, GOPPAR, Flow-Through)
- Saudi Regulations Compliance
- ZATCA Requirements
- VAT (15%)
- Phase 2 E-Invoicing
- Financial Governance
- Risk Management
- Leadership
- Analytical Skills
- Communication Skills
- Strategic Planning Skills
Work Environment and Location
This is a full-time, on-site position. The primary work location is Jeddah, Saudi Arabia. While the role is based in Jeddah, travel to Riyadh may be required.
Requirements
- Requires +10 Years experience
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