Director of Finance
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Key skills for this role
About the Role
Raffles The Palm Dubai is seeking a Director of Finance to lead the hotel's finance function, ensuring sound financial management and operational efficiency. The role involves financial planning, budgeting, reporting, cost control, and team leadership.
Key Skills for This Role
Responsibilities
- Develop and implement the hotel's financial planning and budgeting process
- Monitor and review budget performance regularly, identifying areas for improvement and cost saving opportunities
- Prepare and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements
- Analyse financial data to provide insights into the hotel's performance and make strategic recommendations
- Work closely with the revenue management team to set room rates and optimize revenue
- Implement cost control measures to manage expenses efficiently
- Oversee cash flow management and maintain adequate cash reserves
- Lead and supervise the finance team, providing guidance and support
- Ensure compliance with all relevant financial regulations, accounting standards, and local tax laws
- Coordinate and liaise with external auditors during the hotel's annual audit process
Requirements
- Degree in Finance, Accounting or a related field & professional accounting qualification
- Minimum 5 years’ experience in a hotel in an Executive role
- Excellent leadership skills with the ability to manage and motivate finance teams
- Strong verbal and written communication skills to effectively interact with owners, senior management, and other departments
- Strong analytical skills with a keen eye for detail and a proactive approach to solving financial issues
- Ability to assess financial risks and implement strategies to mitigate them
Full Job Posting
Company Description
- Raffles Hotels & Resorts The Birthplace of stories and legends since 1887.
- Raffles The Palm Dubai opened in 2021 on the western crescent of Palm Jumeirah, featuring 340 spacious rooms, suites and villas.
Key Responsibilities
- Develop and implement the hotel's financial planning and budgeting process.
- Monitor and review budget performance regularly, identifying areas for improvement and cost saving opportunities.
- Prepare and present accurate and timely financial reports.
- Analyse financial data to provide insights into the hotel's performance.
- Work closely with the revenue management team to set room rates and optimize revenue.
- Implement cost control measures to manage expenses efficiently.
- Oversee cash flow management and maintain adequate cash reserves.
- Lead and supervise the finance team.
- Ensure compliance with all relevant financial regulations.
- Coordinate and liaise with external auditors.
Experience & Qualifications
- Degree in Finance, Accounting or a related field & professional accounting qualification.
- Minimum 5 years’ experience in a hotel in an Executive role.
- Excellent leadership skills.
- Strong verbal and written communication skills.
- Strong analytical skills with a keen eye for detail.
- Ability to assess financial risks and implement strategies to mitigate them.
Employee Benefits
- Complimentary upgrades, extended stays, discounted stays across Fairmont & Raffles properties.
- Special dining and wellness discounts.
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