Director of Finance
Job Fit Check
Base Career helps you apply smarter for this job.
Key skills for this role
About the Role
Raffles The Palm Dubai seeks a Director of Finance to lead the hotel's finance function, ensuring sound financial management and operational efficiency. Requires a degree in Finance/Accounting, professional accounting qualification, and minimum 5 years of hotel executive experience.
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, including accountants and financial analysts
- 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
- 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
Job Description
- We invite you to join the world of luxury hospitality at Raffles The Palm as our new Director of Finance.
- Reporting directly to the Regional Vice President & Managing Director, you will lead the hotel’s Finance function, ensuring sound financial management and operational efficiency while supporting a culture of service excellence.
Key Responsibilities
- Develop and implement the hotel's financial planning and budgeting process, in alignment with the hotel's strategic goals and objectives.
- 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, and other financial metrics to the hotel's management and ownership.
- Analyse financial data to provide insights into the hotel's performance and make strategic recommendations for improvement.
- Work closely with the revenue management team to set room rates and optimize revenue through effective pricing strategies.
- Monitor and analyse revenue streams from various hotel operations, such as room revenue, food and beverage, and other ancillary services.
- Implement cost control measures to manage expenses efficiently without compromising on service quality and guest satisfaction.
- Review and approve expenditures, ensuring compliance with budgetary guidelines and procurement procedures.
- Oversee the financial operation of the hotel.
- Co ordinate an effective and efficient Payroll Management/Resource allocation through establishing a flexible work force throughout the Division, based on the principles of multi skilling and multi tasking.
- 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.
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 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.
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 Raffles Hotels & Resorts
Restaurant Manager
Doha, QAT
Raffles & Fairmont Doha seeks a Restaurant Manager to oversee daily operations, lead the team, and deliver exceptional dining experiences in a luxury hotel environment. The role requires 3-5 years of restaurant managemen
Assistant Restaurant Manager
Doha, QAT
Raffles & Fairmont Doha is seeking an Assistant Restaurant Manager to support daily restaurant operations, ensure exceptional guest experiences, and maintain luxury service standards. The role requires 2-4 years of super
Housing Manager
Doha, QAT
Raffles & Fairmont Doha is looking for a Housing Manager to oversee colleague accommodation facilities, ensuring safety, cleanliness, and compliance. The role manages assignments, inspections, maintenance, transportation
Waiter / Waitress
Dubai, UAE
Raffles Hotels & Resorts is seeking a Waiter/Waitress for Raffles The Palm in Dubai. The role involves providing prompt, attentive, and courteous food and beverage service to guests, ensuring a seamless dining experience
Junior Sous Chef
Doha, QAT
Raffles Hotels & Resorts seeks a Junior Sous Chef to assist in kitchen operations, ensuring high standards of food preparation, presentation, and service. The role requires strong culinary technique, leadership potential
Reservations Agent
Jiddah, KSA
Raffles Hotel Jeddah is seeking a professional Reservations Agent to manage bookings, provide information about hotel services, and maximize revenue through up-selling. The role requires strong customer service, accuracy
Guest Relations Officer
Dubai, UAE
Raffles The Palm Dubai is seeking a Guest Relations Officer to architect personalized guest journeys at a luxury beach resort. The role requires at least 2 years of guest-facing experience in a luxury hotel environment,
Employee Dining Supervisor
Doha, QAT
We are seeking an Employee Dining Supervisor to oversee daily operations of the Employee Dining Room at Fairmont Doha. You will lead the team, ensure food safety and service standards, and coordinate with culinary teams.
Restaurant Manager
Doha, QAT
Assistant Restaurant Manager
Doha, QAT
Housing Manager
Doha, QAT
Waiter / Waitress
Dubai, UAE
Junior Sous Chef
Doha, QAT
Reservations Agent
Jiddah, KSA
Guest Relations Officer
Dubai, UAE
Employee Dining Supervisor
Doha, QAT