Assistant Director / Senior Manager - Finance & Accounts
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Key skills for this role
About the Role
FIVE Hotels and Resorts seeks an Assistant Director / Senior Manager – Finance & Accounts to lead financial reporting, treasury, development finance, taxation, and internal controls.
Key Skills for This Role
Responsibilities
- Lead preparation of standalone and consolidated financial statements in line with IFRS
- Ensure compliance with statutory timelines and group consolidation standards
- Manage intercompany reconciliations and eliminations
- Coordinate quarterly and annual audits across all legal entities
- Liaise with internal and external auditors for audit readiness and completion
- Resolve audit findings and implement process improvements
- Oversee technical accounting for complex transactions, valuations, and fair value assessments
- Develop and maintain robust short and long term cash flow forecasts
- Align forecast models with operational and development cash requirements
- Identify and manage liquidity gaps proactively
- Oversee treasury operations, manage intercompany fund transfers, loan repayments, and fixed deposits
- Monitor and mitigate FX exposures across currencies
Requirements
- Qualified Chartered Accountant (CA), CPA, or ACCA; MBA is an added advantage
- 10–15 years of progressive finance and accounting leadership experience
- Prior exposure to hospitality, real estate, or investment holding environments preferred
- In depth knowledge of IFRS, consolidation, taxation, and treasury management
- Strong knowledge of US GAAP and experience working with PCAOB audit requirements
- Proficiency in SAP and Ariba systems strongly preferred
- Strong analytical and problem solving skills
- Excellent communication and stakeholder management capabilities
- High attention to detail, execution orientation, and resilience under pressure
- Role is based in Dubai, with periodic travel to international project sites, especially Spain (Ibiza) and the United States (New York)
Full Job Posting
The Candidate
- A Driven Self Starter with Excellent Communication, Leadership and Organisational Skills.
- An Astute Creative and Critical Thinker who can Conceptualise and Implement Innovative Solutions in a Fast Paced Environment.
- A 'Can Do!' Attitude Coupled with An Inherent Flair for Taking Ownership.
What We’re Looking For
- Qualified Chartered Accountant (CA), CPA, or ACCA; MBA is an added advantage.
- 10–15 years of progressive finance and accounting leadership experience.
- Prior exposure to hospitality, real estate, or investment holding environments preferred.
- In depth knowledge of IFRS, consolidation, taxation, and treasury management.
- Strong knowledge of US GAAP and experience working with PCAOB audit requirements.
- Proficiency in SAP and Ariba systems strongly preferred.
- Strong analytical and problem solving skills.
- Excellent communication and stakeholder management capabilities.
- High attention to detail, execution orientation, and resilience under pressure.
- Role is based in Dubai, with periodic travel to international project sites, especially Spain (Ibiza) and the United States (New York).
- The position offers direct exposure to senior management and cross functional leadership opportunities.
Financial Reporting & Audit
- Lead preparation of standalone and consolidated financial statements in line with IFRS.
- Ensure compliance with statutory timelines and group consolidation standards.
- Manage intercompany reconciliations and eliminations.
- Coordinate quarterly and annual audits across all legal entities.
- Liaise with internal and external auditors for audit readiness and completion.
- Resolve audit findings and implement process improvements.
- Oversee technical accounting for complex transactions, valuations, and fair value assessments.
Treasury & Cash Flow Management
- Develop and maintain robust short and long term cash flow forecasts.
- Align forecast models with operational and development cash requirements.
- Identify and manage liquidity gaps proactively.
- Oversee treasury operations.
- Manage intercompany fund transfers, loan repayments, and fixed deposits.
- Monitor and mitigate FX exposures across currencies.
- Optimize fund utilization across entities for efficiency and yield enhancement.
Development Finance
- Maintain accurate accounting and cost reporting for all ongoing and planned developments.
- Track cost to complete, project cash flows, and payment milestones.
- Review project budgets and actuals with development and project teams.
- Oversee escrow and TAS accounts.
- Ensure regulatory compliance and proper documentation for fund releases.
- Support feasibility studies with financial data, sensitivity analyses, and cash projections.
Banking & Financing
- Manage all banking relationships and credit facilities.
- Coordinate drawdowns, repayments, and rollover of facilities.
- Prepare regular compliance and covenant reporting packages.
- Ensure proper documentation and renewals of all financing arrangements.
- Lead discussions for new funding opportunities aligned with project timelines.
Taxation & Compliance
- Supervise VAT and Corporate Tax compliance for all group entities.
- Oversee preparation and submission of tax returns and related filings.
- Monitor changes in UAE and international tax regulations and ensure group compliance.
- Manage intercompany tax alignment and transfer pricing documentation.
- Oversee Economic Substance Regulation (ESR) and Ultimate Beneficial Ownership (UBO) filings.
Revenue Distribution & Collections
- Oversee monthly revenue distribution to unit owners across operating properties.
- Validate calculations, deductions, and owner statements.
- Ensure transparent reporting and timely payments.
- Manage collections and receivables.
- Review customer payment plans, discount approvals, and delay fee structures.
- Monitor aging and escalate overdue cases to management for resolution.
Internal Controls & Governance
- Review and approve supplier payments through SAP Ariba workflows.
- Verify supporting documentation, cost center allocations, and approvals.
- Validate financial aspects of SPAs, lease agreements, and title deed issuances.
- Strengthen internal controls and ensure adherence to company policies.
- Conduct periodic reviews to ensure process integrity and segregation of duties.
International Operations Support
- Oversee financial reporting and compliance for international entities, with focus on Spain (Ibiza) and the United States (New York).
- Ensure alignment with local statutory requirements and group accounting policies.
- Manage intercompany funding, reporting, and reconciliations between jurisdictions.
- Support local management teams in establishing and monitoring finance processes.
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