Type: Full Time
Location: Riyadh
Salary: AED 0
Category: Hospitality
Job Ref: 4658
Posted Date: 09-03-2016
To actively manage and report on the financial performance of the business with particular emphasis on cash flow management, cost control, profit enhancement and risk management practices.
Job Responsibilities 
- In consultation with the General Manager and Director of Sales & Marketing, prepare the financial budget for “The HOTEL” Riyadh and submit to Corporate Office and the Owner in the specified format.
- Implement measures to control operating expenses to achieve financial objectives.
 - Forecast and manage cash flows to ensure the efficient use of capital to meet business requirements.
- Manage the fixed asset register and implement measures to control the movement and/or disposal of assets.
- Liaise with internal/external legal advisors, consultants and regulatory authorities to ensure operational and legal compliance in all business dealings.
- Prepare and submit monthly financial and management reports on behalf of “The HOTEL” Riyadh to Corporate Office and the Owner on a timely basis.
- Conduct detailed business forecast analysis.
- Ensure effective systems are implemented to manage accounts payable, accounts receivable and payroll functions and the staff engaged to perform these duties.
- Preparation of the bank reconciliation on a daily and monthly basis.
- Ensure all “The HOTEL” Riyadh and “The HOTEL” Hospitality policies and procedures as they apply to the financial operations of the business are adhered to at all times.
- Ensure all documentation, record management and reports are maintained and filed in accordance with Company's guidelines.
- Investigate and report on any detected discrepancies, irregularities or errors.
- Implement and maintain systems that uphold the security and control of information, assets, cash and receivables belonging to the business.
- Engage with the finance team to assist them to achieve individual and department goals and targets.
- Ability to deliver effective presentations and provide rational argument in support of recommendations.
- Attend and deliver presentations to the Owner, Owner’s Representative and/or senior “The HOTEL” Hospitality executives as required.
- Engage with the finance team to assist them to achieve individual and department goals and targets.
- Conduct ongoing performance appraisal reviews in line with Company guidelines for all direct reports.
- Develop the finance team to become motivated by goal setting and be results oriented.
- Ensure the completion of timesheets and requests for personal leave for all direct reports are managed in accordance with Company policies and procedures.
- Identify appropriate training and development needs for the finance team and communicate these to Human Resources.
- Demonstrate leadership by setting a positive and professional example for others.
- Actively promote ROC.IT core values within the team and in all dealings.
- Conduct regular meetings and attend meetings.
- Actively contribute to and manage the Balanced Scorecard relative to the Finance Department function.
- Actively observe all workplace OH&S requirements and report any issues to the relevant.
department manager without delay.
- Review and implement Enterprise Wide Risk Management (ERM) practices, crisis.
management, business continuity plans and disaster recovery plans on behalf of the finance
department and property.
- Maintain professional business confidentiality and standards in accordance with “The
HOTEL” Hospitality code of conduct.
- Achieve pre-opening project tasks as per pre-opening checklist.
- Accurate forecast and management of cash outflows to ensure efficient use of capital to meet business requirements.
- Management and control of the debtor's ledger to less than 5% of total outstanding receivables for accounts standing at 60+days.
- Accomplish periodic reviews and market research to ensure purchasing practices deliver best pricing.
- Ensure management controls and monitoring is exercised.
- Preparation and submission of the annual business plan and financial budgets in accordance with “The HOTEL” Hospitality guidelines and the Owning Company's requirements.
- Manage all statutory reporting, license renewals and business insurances.
- Monitor and manage the performance of the finance team with respect to competency, productivity, and individual KRA's.
- Implement and monitor risk management practices in all facets of the business.
- Delivers presentations and performs administrative duties that are of a consistently high quality and that reflect industry-wide best practices standards.
Ideal Candidate
- Formal qualifications at tertiary level to degree standard in accountancy and completion of CPA OR Chartered Accountant.
- Prior experience (minimum 10 years) within a hotel finance department with 5 years at
management or senior management level.
- Knowledge of Saudi Arabia financial regulations and laws.
- High level of proficiency in accounting software application – (ACCPAC desirable), SAP, HIS
- Epitome, Microsoft applications (Word, Excel, PowerPoint), Vingcard and related hospitality
proprietary software packages.
- Detailed understanding of the Uniform System of Accounts for the Lodging Industry, 11th edition revised.
- Thorough understanding of contracts and management agreements.
- Task oriented with an overriding ability to think and act strategically.
- Ability to complete all assigned tasks and projects within prescribed timelines.
- Financial auditing skills, inquisitive, and result focused.
- Ability to identify and drive outcomes that focus on value creation.
- Principled and possesses sound business ethics, displays honesty in all dealings and is plain speaking.
- Must speak and write in Arabic language fluently.
- Competent in oral and written English language.
- Professionally groomed.
Apply Send to a Friend