Assistant Director Senior Manager - Finance And Accounts
Job Fit Check
Base Career helps you apply smarter for this job.
Key skills for this role
About the Role
FIVE Hotels and Resorts is seeking an Assistant Director / Senior Manager – Finance & Accounts to lead financial reporting, treasury, development finance, and taxation. The role requires a qualified Chartered Accountant with 10-15 years of experience in hospitality or real estate.
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
Job Description
- An Exhilarating Opportunity: Are You Ready for a Daring Challenge with The World’s Hottest Luxury Hotel Group?
- Join the FIVE Tribe and Get Ready to Make Waves.
- The Candidate: A Driven Self Starter with Excellent Communication, Leadership and Organisational Skills.
- Joining our Finance Team as an Assistant Director / Senior Manager – Finance & Accounts will empower you to deliver Exceptional Experiences.
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).
Key Responsibilities
- 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.
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.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at FIVE Hotels and Resorts
Assistant Director / Senior Manager - Finance & Accounts
Dubai, UAE
FIVE Hotels and Resorts seeks an experienced finance leader to oversee financial reporting, treasury, development finance, taxation, and internal controls. Requires 10-15 years of progressive finance leadership, CA/CPA/A
Public Relations (PR) Manager - FIVE Palm Jumeirah
Dubai, UAE
FIVE Hotels and Resorts is seeking a Public Relations Manager to develop and implement PR strategies, manage media relations, and drive campaigns for new hotel openings. Requires a Bachelor's degree in PR or related fiel
Marketing Manager - German Speaker
Dubai, UAE
FIVE Hotels and Resorts seeks a Marketing Manager with German language proficiency to create compelling social media content, manage calendars, address guest concerns, and drive revenue for its luxury hospitality destina
Assistant Director / Senior Manager - Finance & Accounts
Dubai, UAE
FIVE Hotels and Resorts seeks an experienced finance leader to oversee financial reporting, treasury, development finance, taxation, and internal controls. The role requires a qualified Chartered Accountant with 10-15 ye
Head Shared Services
Dubai, UAE
FIVE Hotels and Resorts seeks a Head of Shared Services to lead AP, AR, financial closing, and consolidation across multiple entities. The role requires strong finance operations experience, IFRS knowledge, and leadershi
Public Relations (PR) Manager - FIVE Palm Jumeirah
Dubai, UAE
FIVE Hotels and Resorts is seeking a Public Relations Manager to develop and implement PR strategies, manage media relations, and drive brand reputation. The role requires experience in PR, strong communication skills, a
Head – Shared Services
Dubai, UAE
FIVE Hotels and Resorts seeks a Head of Shared Services to lead AP, AR, financial closing, and automation initiatives. The role requires a CA/CPA, strong finance operations experience, and expertise in SAP or similar ERP
Social Media Executive
Dubai, UAE
FIVE Hotels and Resorts is seeking a Social Media Executive to join their marketing team in Dubai. The role involves creating, curating, and managing content across social media platforms, engaging with the online commun
Assistant Director / Senior Manager - Finance & Accounts
Dubai, UAE
Public Relations (PR) Manager - FIVE Palm Jumeirah
Dubai, UAE
Marketing Manager - German Speaker
Dubai, UAE
Assistant Director / Senior Manager - Finance & Accounts
Dubai, UAE
Head Shared Services
Dubai, UAE
Public Relations (PR) Manager - FIVE Palm Jumeirah
Dubai, UAE
Head – Shared Services
Dubai, UAE
Social Media Executive
Dubai, UAE