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Hotel Finance Director

Our Education
Riyadh, Saudi Arabia
Posted 4 years ago
329Applicants for1 open position
  • 119Viewed
  • 0In Consideration
  • 0Not Selected
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Job Details

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Job Description

  • As a Director of Finance, you will provide leadership and guidance in all matters relating to the financial operation of the hotel.
  • You will develop and deliver accurate and timely financial reports to assist management decision making process

The Director of Finance will be responsible for the following duties:

  • To direct, manage and support the development, implementation, maintenance and administration of all financial controls and accounting procedures, based upon a maximization of internal control techniques consistent with Best Western Plus Hotel and the company.
  • To be actively involved in the search for opportunities to improve the profitability of the hotel and encourage the preparation of exception reports and analyses to help meet and measure the success of this objective.
  • To manage/oversee the accounting department to ensure optimal efficiency of financial operations and adherence to Best Western Plus Hotel commitments to management contracts.
  • To supervise preparation all financial reports, ledger reviews and forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision-making and budget preparation processes.
  • To monitor revenues/expenses and ensure accurate recording of information to Best Western Plus Hotel established guidelines.
  • To establish and oversee /audits all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll and employee records to ensure policies are enforced according to Best Western Plus Hotel standards and local law.
  • To assist management in the capital planning process by providing appropriate ROI information as well as coordinate the development of the Annual Budget and Monthly Forecasts.
  • To evaluates changes in guest needs, the hotels guest mix and industry competitive set, to recommend appropriate product/service and operational changes necessary to ensure guest and employee satisfaction, while maintaining market dominance and exceptional financial prospects.

Job Requirements

  • 4-year bachelor's degree in Finance and Accounting or related major; 3 years’ experience in the finance and accounting or related professional area.

OR

  • Master's degree in Finance and Accounting or related major; 1-year experience in the finance and accounting or related professional area.

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