Director of Finance

Company Description

The 41-storey Mövenpick Hotel and Residence Hajar Tower Makkah, located only a few steps from the holy Ka’abah, offers premium accommodation and first-class hospitality managed by Accor. Its location within the Abraj Al Bait tower complex provides access to a wide range of lifestyle facilities. With privileged location, blessed views, vast capacity, modern amenities, and five world-class dining venues, the hotel caters to guests from around the world, particularly during the religious seasons of Hajj, Ramadan, and Umrah.

Job Description

• Position Title: Director of Finance
• Department: Finance
• Reports To: General Manager
• Location: Mövenpick Hotel – The Clock Tower, Makkah
• Hotel Brand: Mövenpick by Accor
  
  

Position Summary

The Director of Finance is responsible for overseeing all financial operations of the hotel, including budgeting, forecasting, financial reporting, internal controls, audits, cost control, and compliance with local regulations and Accor brand standards. The role is a key member of the executive committee and a strategic business partner to the General Manager, providing financial insight and leadership to support operational and strategic decision-making.

This role is critical to maintaining financial integrity, maximizing profitability, and supporting operational efficiency, particularly during high-demand periods such as Hajj, Ramadan, and Umrah.

Key Responsibilites

Financial Leadership & Reporting

• Lead and manage the hotel’s finance team in all financial aspects.
• Oversee monthly, quarterly, and annual financial reporting to both ownership and Accor corporate office.
• Ensure timely and accurate preparation of profit & loss, balance sheet, and cash flow statements.
• Provide financial analysis, forecasts, and strategic insights to support management decisions.
  
  

Budgeting & Forecasting

• Prepare the hotel’s annual operating budget and capital expenditure plans.
• Monitor performance against budget and provide variance analysis.
• Lead monthly financial review meetings with department heads and executive team.
  
  

Internal Controls & Compliance

• Ensure compliance with all internal control policies, SOPs, local laws, tax regulations, and Accor standards.
• Coordinate internal and external audits, ensuring readiness and transparency.
• Maintain a robust system of internal financial controls to safeguard company assets.
  
  

Procurement & Cost Control

• Work closely with the Materials Manager and department heads to ensure cost-effective procurement and inventory control.
• Monitor F\&B costs, payroll ratios, and departmental spending.
• Review and approve all major spending requests and contracts.
  
  

Team Management & Development

• Lead, train, and develop the finance team, including Chief Accountant, Credit Controller, Payables, and Night Auditor.
• Foster a culture of financial accountability, continuous learning, and ethical conduct.
  
  

Owner and Corporate Relations

• Serve as the financial liaison between hotel ownership, Accor corporate office, and internal stakeholders.
• Ensure clear communication and alignment with ownership goals and expectations.
  
  

Working Conditions

• High-volume, fast-paced environment in one of the busiest hotel destinations globally.
• Role requires flexibility, attention to detail, and ability to lead under pressure—especially during religious seasons
• Strong leadership and interpersonal skills
• Excellent communication and presentation skills
• Ability to multi-task, work well in stressful & high-pressure situations
• A team player & builder
• A motivator & self-starter
• Well-presented and professionally groomed at all times
• Must be based in or willing to relocate to Makkah.
  
  

Qualifications

• Bachelor’s or Master’s degree in Accounting, Finance, or a related field; CPA or CMA certification will be an added advantage.
• Minimum 10 years of progressive finance experience in a senior leadership role and atleast 5 years of experience in a similar capacity within a 5-star hotel environment a
• Strong knowledge of Saudi tax law, local compliance regulations, and hotel financial systems.
• Exceptional analytical, strategic planning, and communication skills.
• High degree of professionalism with strong understanding of business acumen
• Excellent reading, writing and oral proficiency in English language and fluency in Arabic will be an added asset.
• Fully conversant in accounting principles and financial regulation standards
  
  

Systems & Technology

• Oversee financial systems including Sun Systems, MC, Opera PMS, and Accor reporting tools.
• Drive automation and digitization of financial processes for accuracy and efficiency.
  
  

Additional Information

• Why work for Accor? We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day, making sure that work brings purpose to your life, so that during your journey with us, you can continue to explore Accor’s limitless possibilities. By joining Accor, every chapter of your story is yours to write and together we can imagine tomorrow's hospitality. Discover the life that awaits you at Accor, visit https://careers.accor.com/ Do what you love, care for the world, dare to challenge the status quo! #BELIMITLESS