Chief Financial Officer – Hospitality & hotels | Saudi Arabia
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Key skills for this role
About the Role
A leading hospitality and hotel management company in Makkah is seeking a Chief Financial Officer to lead financial strategy, oversee all financial operations, and ensure profitability and compliance.
Key Skills for This Role
Responsibilities
- Ensure implementation of systems, regulations, decisions, and instructions related to financial affairs
- Develop financial strategies in line with set goals and objectives
- Oversee identification of financial needs, return requirements, and risk appetite levels
- Coordinate with other organizational units to determine financial needs and monitor expenditure movements
- Participate in developing main objectives of the financial department and implement plans to achieve them
- Oversee preparation of financial reports, balance sheets, and analysis of final accounts
- Organize financial and accounting records and ledgers, ensure correctness of entries
- Oversee preparation of summaries and reports on overall achievement rates regarding financial revenues
Requirements
- 15+ years in finance management
- Proven experience as a CFO, Finance Director, or Area Director of Finance
- Strong expertise in financial planning, budgeting, yield/revenue management, and cost control within a hospitality context
- Experience managing large, multi property operational budgets and CapEx projects
- CMA, CPA, or equivalent professional certification is a Must
- Financial reporting and statement preparation
- Budget design, development, and monitoring
- Preparation of annual accounts and financial statements
Full Job Posting
Overview
- Leverage your abilities and join the dynamic team of a leading company specializing in Hospitality and Hotel Management located in Makkah.
- The CFO will lead the company’s financial strategy, overseeing all financial operations to ensure profitability, compliance, and sustainable growth within the unique operational landscape of the hospitality sector.
Key Responsibilities
- Ensure the implementation of systems, regulations, decisions, and instructions related to financial affairs within the entity, and develop financial strategies in line with set goals and objectives.
- Oversee the identification of financial needs, return requirements, and risk appetite levels.
- Coordinate with other organizational units to determine their financial needs, monitor expenditure movements, and ensure their recording in accordance with applicable financial rules.
- Submit related recommendations to senior management.
- Participate in developing the main objectives of the financial department, and develop and implement plans, programs, and projects that contribute to achieving these objectives.
- Ensure the existence of frameworks and indicators to accurately measure the achievement levels of these plans and objectives.
- Oversee the preparation of financial reports, balance sheets, and the analysis of final accounts.
- Organize financial and accounting records and ledgers, ensure the correctness of entries, follow up on their closing, direct subordinate staff, and ensure their compliance with all applicable financial and accounting systems and rules.
- Oversee the preparation and compilation of summaries and reports that illustrate overall achievement rates regarding financial revenues, and present them to the relevant authorities.
Requirements
- 15+ years in finance management.
- Proven experience as a CFO, Finance Director, or Area Director of Finance.
- Strong expertise in financial planning, budgeting, yield/revenue management, and cost control within a hospitality context.
- Experience managing large, multi property operational budgets and CapEx projects.
- CMA, CPA, or equivalent professional certification is a Must.
- Financial reporting and statement preparation.
- Budget design, development, and monitoring.
- Preparation of annual accounts and financial statements.
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