Director of Finance
Full time
at Rixos Hotels
in
Qatar
Posted on January 23, 2025
Job details
The Iconic Rixos Gulf Hotel Doha introduces a unique lifestyle and luxurious services and products, Rixos warm hospitality, the vibrant entertainment programs, and the trendy and distinguished ALL INCLUSIVE food and beverage concepts with 378 beautifully appointed guest rooms, dream bedding and luxurious atmosphere. Join our motivated and vibrant team as a Director of Finance and build your career with us.
Company Description
The Iconic Rixos Gulf Hotel Doha introduces a unique lifestyle and luxurious services and products, Rixos warm hospitality, the vibrant entertainment programs, and the trendy and distinguished ALL INCLUSIVE food and beverage concepts with 378 beautifully appointed guest rooms, dream bedding and luxurious atmosphere. Join our motivated and vibrant team as a Director of Finance and build your career with us.Job Description
We are seeking a visionary and analytical Director of Finance to join our dynamic organization in Doha, Qatar. As a key member of our executive team, you will be responsible for overseeing all financial operations, developing strategic financial plans, and ensuring the company's long-term financial health and growth.- Prepare and be involved in the control of all aspects of budgets, operating equipment purchases and other finance and business related activities as may be necessary.
- Maintain a monthly reconciliation with owners on the yearly budget and confirm full closing balance within requested period.
- Regularly report to the Regional office the progress and update on the critical path and ensure success by completing 100% of the project plan.
- Establish and build a strong professional relationship with owners and their representatives.
- Coordinate and plan with IT department system setup, implementation and trainings.
- Understand the full term of the management agreement and ensure compliance with all key clauses.
- Prepare cash flow projection and working capital requirements.
- Prepare operation budget.
- Establish strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.
- Supervise the maintenance of and coordinate with Regional Director of Finance hotel accounting procedures and controls in compliance with Rixos policies & procedures as well as local requirements.
- Daily communication with management regarding control for expense and income potentials. Make all studies and/or reports required by the General Manager, Regional or Corp. Management.
- Work with all departments of the hotel in any function directly or indirectly pertaining to expense and finance. Keep them informed of their departmental expenses and investigate all items that appear questionable.
- Staff, train, supervise, evaluate and upgrade controller department employees.
- Check, supervise and control all purchases, disbursements, payroll and expense of the hotel.
- Maintain a basic knowledge of all local laws pertaining to hotel operations and communicate with General Manager and Regional Director of Finance on any pending changes.
- Maintain and keep up to date all tenant leases, contracts, licenses, permits, insurance and mortgage documents and ascertain compliance therewith.
- Work with Personnel Department on payroll control, payroll budgets and procedures.
- Initiate, supervise and spot check all stocks taken of inventories and fixed assets.
- Supervise and work with the Credit Manager in minimizing overdue balances and losses arising from delinquent accounts and to minimize losses arising from uncollected guests and city ledger accounts.
- Attend and actively participate in credit meetings.
- Supervise the preparation and timely submission of all required tax returns and other reports to government authorities and owning companies in accordance with regulations and contractual agreements.
- Seek advice and guidance from Local Counsel, external Auditors, Local Officials and others deemed necessary.
- Submit tax returns and other government reports to the proper authorities on a timely basis.
- Issue the Monthly Financial Report as well as all the documents required by the company.
- Ensure that all reports to the Owning Company and Rixos are accomplished on a timely basis.
- Attend training classes as per schedule.
- Show fullest cooperation and respect within the team and other departments.
- Be aware of the daily activities and have product knowledge of all the hotel facilities.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field; Master's degree in Finance or MBA preferred.
- Minimum 7-10 years of experience in finance or accounting in a hotels field, with at least 5 years in a senior finance leadership role.
- Proven track record of strategic financial planning and execution in a complex business environment.
- Strong understanding of international financial regulations and reporting standards, with knowledge of Qatar's financial landscape.
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