Job Information
Dubai Holding Director - Finance - Jumeirah at Saadiyat Island in Abu Dhabi, United Arab Emirates
About Jumeirah & the Hotel:
For more than two decades, Jumeirah Group, a member of Dubai Holding, has been making a distinct mark on the global hospitality market with its unwavering Stay Different™ brand promise.
Its award-winning destinations, including the iconic Burj Al Arab Jumeirah, position service beyond expectations, signature dining experiences and artful surroundings at the heart of every guest experience.
Today, Jumeirah operates a world-class portfolio of 26 properties across the Middle East, Europe and Asia, and employs over 9,000 colleagues, representing over 120 nationalities.
As Jumeirah continues to expand its global portfolio and sale up its operations to the next level of growth, we remain fully committed to developing and empowering our colleagues to excel in world-class environments. Jumeirah is committed to embedding equality, diversity and inclusion in all its practices, embracing a culture that celebrates diversity.
A sustainable hospitality leader in the capital, Jumeirah at Saadiyat Island Resort is a breath of fresh air offering an eco-friendly stay amidst contemporary surroundings on the Abu Dhabi coastline. Surrounded by natural beauty and designed to care for every aspect for guest wellbeing, the resort resembles a perennial summerhouse where visitors can experience Abu Dhabi Island life at its best. The luxury beachfront resort is home to seven world-class restaurants and bars, three swimming pools and the award-winning SPA featuring an extensive menu of specialized treatments and exclusive products from all around the world.
In addition, guests can utilize a wide range of leisure facilities including a mixed and ladies only gym, a kids club and a tennis court. Boasting 400 meters of pristine private beach and sand dunes, the resort is anchored on one of the most desirable beach locations in the UAE and was conceived with the environment in mind having implemented eco-friendly strategies and initiatives since its launch in 2018.
About the Job:
An opportunity has arisen for a Director of Finance to join our Executive Committee in Jumeirah at Saadiyat Island Resort. The main duties and responsibilities of this role:
Financial and Management Accounting Responsibilities:
To oversee the Finance and Accounting department in the hotel and ensure its smooth running so that all financial and management reports are accurate and available by their due dates.
To ensure that the books, records, and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
Draft and maintain accurate yearly financial statements, in compliance with International Financial Reporting Standards and country requirements.
Ensure statutory requirements and obligations for the relevant legal entities are met.
Ensure compliance with the Uniform Systems of Accounting for the lodging industry and the terms of the hotel management agreement.
Establish strong cash management controls, prepare monthly cash flow forecasts, and recommend actions accordingly.
Ensure all balance sheet accounts are fully reconciled every month and discrepancies are immediately identified and corrected.
Conduct detailed operational analysis and review with relevant stakeholders to optimize performance and deliver agreed financial targets to minimize variances versus budget and prior year, flow-through analysis, outlet menu engineering, profit margin analysis, manning structure, and payroll cost, etc.
Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for the hotel.
Work closely with relevant stakeholders on capex planning and execution including proper accounting, ROI analysis and post-investment reviews.
Communication and relationship:
Report monthly and act as a liaison to regional, corporate, and asset management groups on the properties’ financial performance.
Partner with the General Manager and Executive committee of the properties and act as a business advisor and risk advocate.
Maintain close communication with third parties such as the public auditors, external auditors, and local authorities.
Provide training in the hotels to enhance the financial skills of the Management Team as a whole. Be the "coach" to both the Hotel Finance teams and non-Financial Managers.
Set individual development plans for each finance colleague and strive for their future development.
Risk, Audit and Compliance responsibilities:
Ensure compliance with company finance directives and delegation of authority as well as all legal, tax, and regulatory requirements.
Coordinate with Internal Audit on compliance according to company financial policies, governance, risks, and fraud.
Comply with the company’s code of conduct and report any variation.
Monitor any legal issues involving the property and report to the owner and corporate office accordingly.
Maintain relations with external auditors and investigate their findings and recommendations.
To review and certify any hotel's internal or external financial reporting before distribution.
Others:
- Complete ad hoc requests when required.
About you:
The ideal candidate for this position will have the following experience and qualifications:
Professional accounting accreditation such as ACA, ACCA, CPA, CGMA, CMA
Bachelor’s degree in commerce/business/accounting or similar
A Master of Business Administration (MBA) is desirable but not essential Enthusiastic, self-motivated and with ability to exercise initiatives
Minimum of 4 years' experience in a similar role.
About Benefits:
We offer an attractive tax-free salary, paid in Dirhams (AED), the local currency of the UAE. In addition, we offer generous F&B benefits, reduced hotel rates across our properties globally, excellent leave and health care package including dental coverage, flights home, life insurance, incentive programs, children’s education assistance and other employee benefits making the role attractive to high performers and any applicant looking for a career with one of the most luxurious brands in the hospitality industry.