Assistant Director of Finance & Business Support (Pre-Opening)
Full time
at InterContinental Hotels Group
in
Saudi Arabia
Posted on January 12, 2025
Job details
About us InterContinental Hotels & Resorts has delighted luxury travellers since 1946, serving as a meeting place for heads of state, a setting for world-changing speeches, and the impetus for some of the most famous love stories of all time. The brand has become synonymous with bold exploration, travel, and cultural discovery. The InterContinental The Red Sea Resort exemplifies these attributes. Set within one of the world’s most ambitious luxury tourism developments amidst an archipelago of over 90 pristine islands, the hotel offers guests sweeping views of the ocean and a discreet barefoot luxury immersed in nature experience. Each of the resort’s 210 sea-facing rooms provides immediate beach access; allowing guests to step out onto the sands of the Red Sea from the terrace. Moreover, the resort features seven different gastronomic experiences, sprawling pools and recreational facilities, a spa, a health club, and curated meetings and events spaces for leisure, business travellers and groups. With the worldliness that travel brings, every stay will take your imagination to places you’d never expect! Assistant Director of Finance & Business Support A little taste of your day-to-day: Administration
- Assists to ensure that the hotel holds all required licenses and permits to operate, and all insurances as stipulated in the management contract.
- Assists to review all proposed contracts for pricing and terms, ensuring that the hotel’s interests come first and are protected at all times.
- Assists to provide support to other operational departments in the definition, implementation, and follow-up of improved control tools.
- Assists to maintain close communication with third parties such as the owning company, public auditors, and local authorities.
- Assists in overseeing the Finance and Accounting department, ensuring that books, records, and accounts maintained accurately and fairly reflect the transactions and dispositions of the assets of the company.
- Assists in devising and maintaining a system of internal accounting control sufficient to ensure that transactions are executed in accordance with management’s general and specific authorization and in compliance with generally accepted accounting principles and country legislation.
- Assists to review and certify any hotel internal/external financial reporting before their distribution and oversees the preparation of the hotel’s yearly operating budget.
- Follows up on audits.
- The timely preparation and release of monthly financial statements and other related reports and their accuracy, ensuring corporate deadlines are met.
- Ensures that all balance sheet accounts are fully reconciled on a monthly basis and discrepancies are timely identified and corrected; reviews and approves those reconciliations.
- Ensures that all accounts receivable balances are appropriately acted upon to collect overdue amounts.
- Regularly organizes credit meetings with the participation of the General Manager and all concerned heads of department where all debtors’ balances are analyzed.
- Oversees the maintenance of the Accounts Receivable sub-ledgers in creating new debtors’ codes or updating credit limits.
- Safeguards all hotel cash and bank assets: certifies all monthly bank and credit card reconciliations, ensuring that all daily cash and cheque collections are duly verified and banked intact on a daily basis.
- Maintains accurate records of all inventories of the hotel with all variances being justified and corrected.
- Records food and beverage costing accurately.
- Assists in overseeing and ensuring the smooth running of the purchasing functions, ensuring that all procurement of goods and services are done in accordance with hotel policies and procedures.
- Ensures the accuracy of payroll calculation and payment.
- Strictly respects country tax legislation (preparation and tax filing).
- Assists in overseeing all legal and tax matters related to the hotel in liaison with consultants and local authorities.
- Assists in liaising with internal and external audits.
- Implements and maintains acceptable accounting practices and procedures.
- Reviews operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow-moving items.
- Ensures the acquisition and write-off of fixed assets are updated and recorded by the owning party, including control over the existence of fixed assets, i.e., liaises with the owning party regarding physical asset counts.
- Identifies training needs, develops formal training plans, and conducts training sessions for accounting and operation staff in coordination with other departments.
- Reviews payroll register, payroll reconciliation, and all reports concerning payroll.
- Assists in overseeing and ensuring the smooth running of the hotel’s computer system.
- Meets with the Director of Finance and Administration on a regular basis to communicate all accounting activities and results of the Finance department meeting or any other related issues.
- Bachelor's Degree in Hospitality Tourism, Commerce, Finance, or Business Administration related or higher education qualification/equivalent in Accounting or Finance.
- Two years in hotel accounting or audit, or an equivalent combination of education and work-related experience.
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