Dir Finance & Accounting📣 Job Ad

About the Role

Sheraton Hotels & Resorts is seeking a Director of Finance & Accounting to join its team in Medina, Al-Madinah Al-Munawarah. This full-time position requires a strategic financial leader to drive property-wide initiatives and maximize return on investment.

Role Overview and Strategic Contribution

The Director of Finance & Accounting serves as the property's strategic financial business leader. This role champions, develops, and implements property-wide strategies to deliver products and services that meet or exceed the expectations of the brand's target customers and employees. The position provides essential financial expertise to support the successful execution of brand service strategies and initiatives, with a focus on maximizing return on investment. A key responsibility is creating and executing a business plan aligned with the property and brand's strategic direction, emphasizing financial and accounting activities to achieve desirable financial outcomes.

Key Responsibilities

• Develop strategies to improve profit, including cost-benefit analysis and exploration of new business opportunities.
• Analyze financial information, forecast sales against expenses, and create annual budget plans.
• Compile and monitor actual sales performance against projected sales.
• Analyze wage variances between actual and forecasted budgets for improved planning.
• Identify underlying principles, reasons, or facts by breaking down information and data.
• Develop and implement new business plans creatively and practically.
• Create the property's annual operating budget 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 and 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 strategy.
• Provide ongoing analytical support by monitoring operating department sales and produce accurate forecasts to enable operational adjustments.
• Oversee internal, external, and regulatory audit processes.
• Ensure accurate documentation of Profits and Losses and monitor all applicable taxes.
• Submit reports in a timely manner, ensuring delivery deadlines are met.
• Develop and support the achievement of performance, budget, and team goals, and improve profit growth in operating departments.
• Reconcile balance sheets and ensure P&L accuracy, matching costs to revenue and recording costs in the proper accounts.
• Ensure compliance with management contracts, reporting requirements, and Standard Operating Procedures (SOPs) and Local Standard Operating Procedures (LSOPs).

Leadership and Stakeholder Management

• Utilize interpersonal and communication skills to lead, influence, and encourage others, advocating for sound financial/business decisions and leading by example with honesty and integrity.
• Communicate strategic goals, focus, and owner priorities clearly and precisely to subordinates.
• Leverage functional leadership and communication skills to influence the executive team, property strategies, and lead own team.
• Provide excellent leadership by assigning clear accountability backed by appropriate authority to team members and other department managers.
• Attend meetings and communicate with owners, understanding their priorities and strategic focus.
• Understand and meet the needs of key stakeholders, including owners, corporate, and guests.
• Advise the General Manager and executive committee on operating and financial issues.
• Communicate financial concepts clearly and persuasively to drive desired behaviors.
• Demonstrate an understanding of cash flow and owner priorities, and manage communication with owners effectively.
• Manage property working capital and cash flow in accordance with brand SOPs and owner requirements.
• Facilitate critique meetings to review information with the management team.

Human Resources and Team Development

• Ensure team members are cross-trained to support successful daily operations.
• Ensure property policies are administered fairly and consistently.
• Ensure new hires participate in the department's orientation program and receive appropriate training to successfully perform their job.
• Create development plans for team members based on individual strengths, development needs, career aspirations, and abilities.
• Conduct annual performance review processes for employees and participate in hiring activities as appropriate.

Qualifications and Experience

Candidates should possess the following qualifications:

• 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.

Work Details

This is a full-time position located in Medina, Al-Madinah Al-Munawarah.