Director of Finance & Business Support

Company Description

Sofitel Riyadh Hotel & Convention Center: A Symphony of French Elegance and Saudi Arabian Warmth

The Sofitel Riyadh is dedicated to providing a five-star experience characterized by luxury, elegance, and impeccable service. The hotel's commitment to personalized attention ensures that each guest's stay is not just comfortable but memorable. Blending urban sophistication with refined opulence, the Sofitel Riyadh creates an atmosphere where every detail is thoughtfully curated to offer a unique and unforgettable experience.

By joining us, you will become a Heartist, because hospitality is, first and foremost, a work of heart.

You will join a caring environment and a team where you can be all you are. You will be in a supportive place to grow, to fulfil yourself, to discover other professions and to pursue career opportunities, in your hotel or in other hospitality environments, in your country or anywhere in the world!

You will enjoy exclusive benefits, specific to the sector and beyond, as well as strong recognition for your daily commitment.

Everything you will do with us, regardless of your profession, will offer a deep sense of meaning, to create lasting, memorable and impactful experiences for your customers, for your colleagues and for the planet.

Hospitality is a work of heart,

Join us and become a Heartist.

Job Description

The Director of Finance & Business Support provides strategic leadership, functional guidance and valuable insights for optimal business decision; Interacting with hotel’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The Director of Finance & Business Support will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills.

• Oversee the full spectrum of financial operations, including budgeting, forecasting, reporting, auditing, and compliance.
• Develop and implement robust financial controls and policies to safeguard assets and ensure accurate financial reporting.
• Collaborate with the General Manager, executive committee, and department heads to drive profitability and support strategic decision-making.
• Prepare and analyze monthly, quarterly, and annual financial statements in accordance with company standards and local regulations.
• Ensure compliance with all local tax laws, labor laws, and financial regulations.
• Manage cash flow, working capital, and capital expenditure plans to optimize the hotel financial performance.
• Lead the finance team by setting clear goals, providing training and development, and promoting a culture of accountability and excellence.
• Liaise with external auditors, banks, and government authorities as required.
• Identify financial risks and develop mitigation strategies.
• Provide insight and recommendations to improve revenue, reduce costs, and maximize return on investment.
• Oversee daily financial operations, including accounting, purchasing, payroll, and audit functions.
• Monitor key performance indicators and prepare timely, accurate financial reports and analyses for senior management and ownership.
• Ensure compliance with local and international accounting standards, tax regulations, and internal policies.
• Manage cash flow, cost control, and inventory to optimize profitability and operational performance.
• Supervise and develop the finance team to ensure high levels of accuracy, professionalism, and service.
• Collaborate with department heads to support financial decision-making and business strategies.
• Act as the primary point of contact for external auditors, banks, and other financial stakeholders.
• Contribute to strategic planning and provide recommendations based on financial insights and data.
  
  

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field (Master’s or MBA preferred).
• CPA, ACCA, CMA, or equivalent certification is highly desirable.
• Minimum of 7-10 years of progressive financial leadership experience in the hospitality industry, with at least 3 years in a senior leadership role.
• Proven experience in operations is a strong advantage.
• Proficiency in financial management systems (e.g., Sun Systems, Opera, or similar).
• Exceptional analytical, organizational, communication, and interpersonal skills.
• Proven leadership ability with a hands-on, proactive approach.
• Proficient in financial software (e.g., Sun Systems, Opera, Micros, Excel, etc.).