About the role:
Financial Accounting Reporting Responsibilities:
The main responsibilities are managing the accounting records and financial reports and oversee the issuance of SBUs financial reporting.
Draft and maintain accurate financial statements, prepare all relevant information for the mid-year and annual audit.
Review and approve quarterly balance sheet reconciliation.
Ensure general ledger posting are in compliance with uniformed system of accounting for lodging industry.
Manage cash requirement and coordinate with corporate on the funds.
Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel.
Prepare a 5 year capital budget for development projects and FF&E.
Prepare and present return on investment evaluation for capital development projects.
Develop a cash flow and balance sheet budget.
Coordinate and prepare a monthly operation forecast.
Conduct monthly internal performance review with all HODs.
Prepare monthly financial closing and generate MIS reports.
Generate and discuss with relevant parties special operation analysis reports with a strategic objective of minimizing the variance: performance versus budget and versus prior year, flow through analysis, outlet menu engineering, profit margin analysis, manning structure and payroll cost, etc…
Adhoc analysis reports
Committees and other responsibilities:
Develops SBU finance strategies by contributing financial and accounting information, analysis, and recommendations to strategic direction; establishing functional objectives in line with organizational objectives.
Executive Committee: Part of the Hotel Executive committee meets weekly to coordinate and develop strategic decision from the aspect of competition, market situation, capital plan of the asset, people, customer and financial performance. Contribute to the strategic performance target according to the set balance score card targets and maintaining the quality in the property.
Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with asset management.
Repot monthly to regional, corporate and asset management group on the property financial performance.
Manage the coordination with the finance shared service based on agreed SLA.
Work closely with regional team and corporate on any specific requirement.
Liaise with company treasury and corporate finance on cash flow, finance policies, reports, audits, and insurance matters.
Implement and create best practices that could be shared with Finance Leadership Committee.
Prepare board papers when relevant.
Ensure compliance with company directive and delegation of authority.
Ensure compliance with all rules and UAE applicable laws.
Supporting, advising and developing his/her team.
Work on special assignment set by regional or corporate team and meet specific deadline set by the group.
Risk, Audit and Compliance responsibilities:
Coordinate with Internal Audit on compliance according to company financial policies, governance, risks and fraud.
Ensure that the company complies with all legal and local regulatory requirements
Coordinate with government auditor, specific to government owned properties.
Coordinate with authorities for municipality tax fees compliance.
Contribute to company finance policy drafting, implement, and ensure compliance within the Area.
Monitor any legal issues involving the property.
Maintain relations with external auditors (PwC) and investigate their findings and recommendations
Mitigate any key risk on the asset and the company IP in general.
Maintain banking relationship.
About you:
Essential
Professional accreditation e.g. ACA, ACCA, CPA, CIMA, CMA.
Or
Bachelor’s degree in Commerce / Business / Accounting or similar.
Desirable:
Master of Business Administration (MBA) desirable but not essential.
About the benefits:
This position offers a highly competitive salary and package which includes: Family status including educational assistance for up to two dependents, liveout allowance, laundry services, meals during working hours, medical coverage, as well as accident insurance, retail and leisure discounts, 50% discount off Jumeirah F&B Outlets and reduced hotel rates.
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