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Key skills for this role
About the Role
The Luxury Collection seeks a strategic financial leader to serve as Director of Finance for its Jeddah property. The role champions property-wide financial strategies, manages budgeting and forecasting, and leads the finance team to maximize ROI and operational excellence.
Key Skills for This Role
Responsibilities
- Develop means to improve profit, including estimating cost and benefit, exploring new business opportunities
- Analyze information, forecast sales against expenses, and create annual budget plans
- Lead the finance team, oversee internal and external audits, and ensure compliance
- Manage property working capital and cash flow
- Ensure accurate P&L documentation and tax compliance
Requirements
- 4 year bachelor's degree in Finance and Accounting or related major; 3 years experience in finance and accounting or related professional area OR Master's degree in Finance and Accounting or related major; 1 year experience
- Experience in strategic financial planning and analysis
- Strong leadership and communication skills
Full Job Posting
Job Summary
- Functions as the property’s strategic financial business leader, championing property wide strategies to deliver products and services meeting brand expectations.
- Provides financial expertise to enable successful implementation of brand service strategy and initiatives while maximizing ROI.
Candidate Profile Education and Experience
- 4 year bachelor's degree in Finance and Accounting or related major; 3 years experience in finance and accounting or related professional area.
- OR Master's degree in Finance and Accounting or related major; 1 year experience in finance and accounting or related professional area.
Core Work Activities Engaging in Strategic Planning and Decision Making
- Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities.
- Analyzes information, forecasts sales against expenses and creates annual budget plans.
- Compiles information, analyzes and monitors actual sales against projected sales.
- Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
- Identifies underlying principles, reasons, or facts by breaking down information or data into separate parts.
- Thinks creatively and practically to develop, execute and implement new business plans.
- Creates the annual operating budget for the property.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities.
- Implements a system of appropriate controls to manage business risks.
- Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
- Analyzes financial data and market trends.
- Leads development and implementation of a comprehensive annual business plan aligned with company and brand strategic direction.
Leading Finance Teams
- Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making.
- Communicates strategic goals, focus and owner priorities to subordinates clearly and precisely.
- Leverages strong functional leadership and communication skills to influence executive team and lead own team.
- Oversees internal, external and regulatory audit processes.
- Provides excellent leadership by assigning team members and other department managers clear accountability backed by appropriate authority.
- Conducts annual performance appraisals with direct reports according to standard operating procedures.
Anticipating and Delivering on the Needs of Key Stakeholders
- Attends meetings and communicates with owners, understanding priorities and strategic focus.
- Understands and meets needs of key stakeholders (owners, corporate, guests, etc.).
- Advises GM and executive committee on existing and evolving operating/financial issues.
- Communicates financial concepts clearly and persuasively.
- Demonstrates understanding of cash flow and owner priorities.
- Manages communication with owners effectively.
- Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Facilitates critique meetings to review information with management team.
Developing and Maintaining Finance Goals
- Ensures Profits and Losses are documented accurately.
- Monitors all taxes that apply, ensuring taxes are current, collected and/or accrued.
- Submits reports in a timely manner, ensuring delivery deadlines.
- Develops and supports achievement of performance goals, budget goals, team goals.
- Improves profit growth in operating departments.
- Reviews audit issues to ensure accuracy.
- Monitors the purchasing process as applicable.
Managing Projects and Policies
- Generates and provides accurate and timely results in the form of reports, presentations.
- Reconciles balance sheet to ensure account balances are supported by appropriate documentation.
- Ensures P&L accuracy (costs properly matched to revenue, costs recorded in proper accounts).
- Ensures compliance with management contract and reporting requirements.
- Ensures compliance with standard and local operating procedures.
Managing and Conducting Human Resource Activities
- Ensures team members are cross trained to support successful daily operations.
- Ensures property policies are administered fairly and consistently.
- Ensures new hires participate in department orientation program and receive appropriate training.
- Creates appropriate development plans based on individual strengths, development needs, career aspirations and abilities.
- Conducts performance review process for employees.
- Participates in hiring activities as appropriate.
About The Luxury Collection
- Part of Marriott International, with over 120 properties in more than 35 countries.
- Offers authentic experiences creating lasting memories; over 100 years of experience since 1906 with Italian brand CIGA.
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