Jumeirah Hiring for Director of Finance – Jumeirah Emirates Towers Job at Dubai Full Time

About Jumeirah & the Hotel:

Jumeirah Group, a member of Dubai Holding, has been making a distinguished impact on the global hospitality market for more than two decades with its Stay Different™ brand promise.

Its award-winning destinations, such as the iconic Burj Al Arab Jumeirah, position service beyond expectations, elevated dining destinations and surprising architecture and design at the heart of every guest experience.

Today, Jumeirah operates a world-class portfolio of 23 properties across the Middle East, Europe and Asia and employs over 8,000 colleagues, representing over 106 nationalities.

As Jumeirah continues to expand its global portfolio and scales up its operations to the next level of growth, it remains fully committed to developing and empowering our colleagues to excel in world class environments.

An architectural masterpiece, Jumeirah Emirates Towers offers luxurious experiences in the heart of UAE’s most dynamic city. Soaring high above the central business and commercial district, Jumeirah Emirates Towers is a dramatic backdrop to Dubai’s skyline and a visible statement of the region’s growing corporate success. Comprising two equilateral triangles, this landmark structure is home to an Office Tower, Hotel Tower and shopping Boulevard. The hotel encompasses 400 spacious rooms and suites, 15 world-class restaurants and bars, Talise Fitness, Talise Spa as well as elite shopping and lifestyle attractions at the Boulevard, a prestigious retail destination. The award-winning hotel has multiple venues for inspiring events including the grand Godolphin Ballroom and 16 meeting rooms.

About the Job:

An exciting opportunity has arisen for an experienced Director of Finance to join the Finance department in Jumeirah Emirates Towers. The main purpose of this role is to provide a strategic and business partnering finance support, advice and functional expertise of Jumeirah Emirates Towers complex and area management. Your key responsibilities will include:

Financial And Management Accounting Responsibilities:

• The main responsibilities are managing the accounting records, financial reports and oversee the issuance of Jumeirah Emirates Towers financial reporting.

• To ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.

• Ensure general ledger posting are in compliance with uniformed system of accounting for lodging industry.

• Establish a strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.

• Manage cash requirement and coordinate with Corporate on the funds.

• Ensure all balance sheet accounts are fully reconciled on a monthly basis and discrepancies are immediately identified and corrected.

• Review and approve balance sheet reconciliation on a quarterly basis.

• To oversee the Finance and Accounting department in the hotel, and ensure its smooth running so that all financial and management reports are accurate and available by their due dates.

• Establish and recommend to management major financial objectives for hotel.

• Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel.

• Draft and maintain accurate yearly financial statements, in accordance with International Financial Reporting Standards.

• Generate and discuss with relevant parties special operation analysis reports with a strategic objective of minimizing the variance: performance versus budget and versus prior year, flow through analysis, outlet menu engineering, profit margin analysis, manning structure and payroll cost, etc…

• Ensure all capital purchases / disposals are in accordance with policies and procedures and to review all management and depreciation reports.

Strategic Planning And Business Support:

• Develops SBU finance strategies by contributing financial and accounting information, analysis, and recommendations to strategic direction; establishing functional objectives in line with organizational objectives.

• Prepare a 5 year capital budget plan and 5 year operation projections.

• Prepare and present return on investment evaluation for capital development projects when needed.

• Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with asset management.

Communication And Relationship:

• Establish a professional and strong relationship with owner and asset managers.

• Report monthly to Regional, Corporate and Asset Management Group on the property financial performance.

• Work closely with the General Manager and Executive Ccommittee of the property and act as a business advisor and risk advocate.

• Work closely with Regional team and Corporate on any specific requirement.

• To maintain close communication with third parties such as the public auditors, external auditors, business partners and local authorities.

• Provide training in hotels to enhance the financial skills of the Management Team as a whole. You should be the “coach” to both the Hotel Finance teams and non-Financial Managers.

• Maintain appropriate records of education, training, skills and experience of each individual colleague.

• Ensure that responsibilities and authorities are defined and communicated within the organization.

• Set individual development plan for each individual colleague and strive for their future development.

• Work on special assignment set by regional or corporate team and meet specific deadline set by the group.

• Manage the coordination with the finance shared service based on agreed SLA. (Applicable in a shared service environment.)

Risk, Audit And Compliance Responsibilities:

• Ensure compliance with company finance directives and delegation of authority.

• Ensure that the company complies with all legal and local regulatory requirements

• Coordinate with Internal Audit on compliance according to company financial policies, governance, risks and fraud.

• Comply with the company’s ethic code of conduct and report any variation.

• Coordinate with government authorities for tax compliance.

• Monitor any legal issues involving the property and report to owner and corporate office accordingly.

• To devise and maintain a system of internal accounting control sufficient to ensure that transactions are executed in accordance with Management’s general and specific authorization and in compliance with generally accepted accounting principles and specific country legislation.

• Maintain relations with external auditors and investigate their findings and recommendations.

• To review and certify any hotel internal or external financial reporting before distribution.

• Mitigate any key risk on the asset and the company IP in general.

• Liaise with company treasury and corporate finance on cashflow, finance policies, reports, audits and insurance matters.

• Contribute to company finance policy drafting, implementation and ensure compliance within the Area.

• Conduct monthly performance reviews with HODs and establish a combined action plan.

• To regularly organise credit meetings with the participation of the General Manager and all concerned Heads of Department where all debtors’ balances are analyzed.

Others:

• Ensure the right person in the right role, in an environment of continuous development.

• Implement and create best practices that could be shared with Finance Leadership Committee.

• Complete ad hoc requests when required.

About you:

The ideal candidate for this position will have the following experience and qualifications:

• In order to be considered for this role, you will have a Bachelor’s degree in Commerce / Business / Accounting or Professional accreditation e.g. ACA, ACCA, CPA, CIMA, CMA.
• Minimum of 4 years’ experience in a similar role in a 5* luxury brands.
• Proficiency in computer software systems such as MS Office and knowledge of Opera, Micros, Sun, Oracle, and Hyperion is essential and excellent communication skills in written and spoken English.
• Master of Business Administration (MBA) desirable but not essential.
• Knowledge of and experience in the hospitality sector;
• Experience in Finance within hospitality or customer service related industry.
• Demonstrated knowledge of Finance & Accounting administration processes and policies in the Middle East.
• Fluent in written and verbal business English;
• Sun Financials and Hyperion reporting.
• Experience working in Middle East
• Demonstrate the ability to acquire attributes such as leadership, problem solving, training and developing subordinates, goal setting and goal oriented.

About the benefits:

Besides generous F&B benefits and reduced hotel rates across our hotels globally, this role has excellent employee benefits making the role attractive to high performers and any applicant who like to associate her/himself with one of the most luxurious brand in the hospitality industry.