Country/Region

Saudi Arabia

Province/City

Shura Island

Location

Rosewood Red Sea

Department

Finance

Job Type

Full-time Permanent

THE IMPACT OF THIS ROLE

Set and develop strategies for both Red Sea and Amaala hotel, aligned with organizational vision and future aspirations. Take a long-term and big-picture view of the business. Communicate compelling visions and translate that into plans and actions.

Provides financial leadership for the Hotels in achieving profit, cash flow, and key performance goals while maintaining a strategic perspective to identify profitable opportunities, anticipate challenges and create competitive advantage, ensures a controlled, check and balance, financial environment at all times.

KEY RESPONSIBILITIES

Financial

• Demonstrate sound business acumen by keeping up to date with market trends and industry dynamics. Identify business opportunities for the organization. Demonstrate financial awareness by thinking in terms of profits, loss and added value. Deliver tangible business results.
• Drive the Business Plan / CAPEX Plan process to ensure timely completion accuracy of data and suitable analysis prior to submission to Corporate Office. Use said plan(s), once agreed, to guide the business during the year.
• Manage the CAPEX plan of both Hotels, through the relevant Division Heads to ensure best use of owner funds is being applied.
• Ensure sufficiency of operating fund and maximisation of cash flow, when making payment and bank deposit, through control of stock levels, credit and accounts receivable collection.
• Execute and review existing financial controls, policies and procedures. Ensure that accounting follows policies stipulated by Corporate and Hotel manuals (ensuring procedures abide with local laws and regulations).
• Ensure timely settlement to any outstanding expenses payable to Management Company.

Operations

• Take initiative and ownership of making decisions and actions timely and independently. Take calculated risks and makes considered decisions based on information and intelligence across the organization.
• Support implementation of appropriate metrics and control to manage business risks; ensure strong accounting and operational control environment to safeguard assets, improve operations, profitability and ROIC.
• Promote an organisational environment that rapidly assimilates new information to improve business performance through process’s that benefit both the associates and customers.
• Actively pursues learning and self-development to enhance own professional growth. Seek feedback and takes action to enhance performance based on experiences & coaching.
• Provide guidance and advice to hotel management on financial and accounting matters, including preparation of monthly financial reports and operation performance analysis.
• Fully understand terms and conditions of hotel management agreement and other relevant agreements and ensures hotels are operated accordingly.
• With the Managing Director, takes a lead role in ensuring relationships with Owners are reasonably maintained.
• Implement and ensures a valid internal control environment, on existing accounting application programs and computer systems, according to hotel policies and procedures.
• Oversee the Operation Management Review (OMR) process and drives follow up actions as maybe required in order to enhance the performance of the Division and ensure compliance to standards, policies and procedures.
• Is conversant with all relevant laws for the hospitality business, understands the local regulations, and works closely with the operation team to ensure full compliance in all areas.
• Maintain and ensure all relevant hotel related licences are updated and securely stored.
• Establish and maintain effective safekeeping mechanism, including suitable storage and assess to all contracts, tenancy agreement, and administration of accounting records.

Team

• Through people leadership, provide others with a clear direction and set appropriate standards of behavior. Motivate and empower others by delegating work appropriately. Provide associates with development opportunities and support. Build capable and diverse teams.
• Identify training needs required to improve revenue generation skills of the team and pro-actively works with Talent Development, Sales and Marketing and Revenue training to overcome them.
• Foster the development of a positive work environment for all associates. Mentor all levels of associates through formal and informal meetings, discussions and performance feedback.
• Establish and maintain effective internal communication and meeting structures to ensure optimum teamwork and productivity.
• Proactively drive high levels of associate engagement by ensuring regular conversations and communication through department meetings, one to ones, performance appraisals and all associate meetings.
• Foster a culture of recognition by promoting hotel recognition programmes and divisional incentives.
• Maintain discipline within the Hotel and conduct disciplinary and grievance interviews with all relevant associates and as and when required with the Talent & Culture Department.
• Operate an efficient and well organized division, ensuring all associates are well trained and highly motivated.
• Take an active role in ensuring compliance with training requirements in conjunction with Talent & Culture.
• Actively participate in recruitment and succession planning, ensuring the right people are in the right roles, to meet both current and future needs.
• Model the company culture, vision, mission and core values at all times, actively driving the vision and values across the hotel.

Other
While this job description is intended to be an accurate reflection of the duties involved in this position, it is not to be regarded as exhaustive. The company reserves the right to add, remove or alter duties when business need dictates.

As the hotel’s level of business varies considerably, there is a need for flexibility in attitude, approach and working hours.

CRITICAL SKILLS & QUALIFICATIONS

• Well-developed leadership competencies:
• Initiative- ability to decide and initiate action.
• Strategic thinking- ability to formulate strategies and methodically solve problems.
• Business acumen- entrepreneurial mindset and commercial thinker.
• People leadership- leads by example, promoting a clear sense of purpose to associates.
• Excellent communication and presentation skills (written / verbal).
• Effective relationship management and influencing skills (internal / external).
• Bachelor’s degree or equivalent in Accounting.
• Ability to analyze, interpret and extract trends from data.
• Knowledge of hotel accounting and other systems (i.e. Opera, Micros, Hyperion, ADP, Infor Sun Systems) and general business systems (i.e. Outlook, Word, Excel, etc.)
• Conversant with all relevant laws for the hospitality business.
• Previous experience at a senior management level within Finance.

Located along Saudi Arabia's west coast on the Shura Island, the new Rosewood hotel and residences will be part of The Red Sea destination. Poised to be one of Saudi Arabia's top cultural and lifestyle hubs, the development is comprised of a stunning marina offering a yacht club, commercial retail and dining options, as well as an 18-hole championship golf course. The development will boast 149 guest rooms and suites, alongside elevated dining offerings including three restaurants, two lounges, a signature Manor Club and a central hub featuring authentic eateries. Additional recreational spaces will include event pavilions and Asaya, Rosewood's integrative well-being concept consisting of seven treatment rooms, a gym, two movement studios and a yoga pavilion.