Cluster Director of Finance (KSA)
Millennium Hotels and Resorts MEA
Date: 3 weeks ago
City: Medina
Contract type: Contractor
We are looking for an experienced Cluster Director of Finance, for our 2 newly acquired hotels located in Madinah, Saudi.
The successful candidate will bring around 12-15 years of progressive experience in finance in the hospitality industry with international brands, and be an Arabic speaker.
A previous experience in Saudi would be a plus.
Key responsibilities include:
The successful candidate will bring around 12-15 years of progressive experience in finance in the hospitality industry with international brands, and be an Arabic speaker.
A previous experience in Saudi would be a plus.
Key responsibilities include:
- Develop and execute the hotel's financial strategy, aligning it with company objectives
- Lead budgeting, forecasting, and financial planning efforts, ensuring financial goals are met
- Provide financial guidance and recommendations to the General Manager and senior management
- Prepare and analyze financial statements, identifying trends and variances
- Monitor financial performance, highlighting areas for improvement or cost-saving opportunities
- Maintain accurate and timely financial records, complying with regulatory requirements
- Collaborate with various departments to evaluate and optimize business processes
- Conduct feasibility studies and financial analysis for potential projects or investments
- Manage cash flow and liquidity, ensuring the availability of funds for operational needs
- Implement effective treasury and cash management practices
- Identify financial risks and implement risk mitigation strategies
- Ensure compliance with financial regulations, company policies, and industry standards
- Manage and develop a finance and business support team, fostering a culture of excellence. Lead by example, train and grow the team
- Implement cost-control measures while maintaining quality and service standards
- Oversee procurement processes, negotiating vendor contracts and optimizing supplier relationships
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