Assistant Finance Manager

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Ihgarmyhotels Full time

Assistant Finance Manager

Hotel Brand: Kimpton
Location: Saudi Arabia, Riyadh
Hotel: KAFD Riyadh (RUHKA), 7422 Innovation Street 2, 2921 Al Aqeeq District, 13519
Job number: 141432

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Kimpton Hotels & Restaurants is the original boutique hotel company, which pioneered the concept of unique, distinctive, design-forward hotels in San Francisco, California before expanding worldwide. Anchored in one-of-a-kind experiences, Kimpton spaces and experiences center on our guests, offering inspiring design that evokes curiosity to forward-thinking flavors that feed the soul. Every detail is thoughtfully curated and artfully delivered, so that guest experiences remain meaningful, unscripted, and ridiculously personal.
Our mission is to be the best-loved hotel and restaurant company through the common belief that heartfelt connections make people's lives better. Our colleagues are empowered and encouraged to act from the heart, to go above and beyond to create 'ridiculously personal' experiences for each other and our guests.

About Kimpton Riyadh

Located in King Abdullah Financial District, which is set in the heart of the Saudi capital, 22 kilometers away from the airport, Kimpton Riyadh is the first Kimpton in the Middle East bringing the brand's playful energy, infectious personality, and unique design style to this LEED certified landmark development home to 1.6 million square meters of state-of-the-art office space, world-class venues, and iconic luxury residences. The hotel welcomes guests to experience its 212 guest rooms and suites and to enjoy its unique dining options.

Day-to-Day Responsibilities of an Assistant Finance Manager in a Luxury Hotel:

Financial Planning and Analysis

  1. Budgeting and Forecasting: Creating annual budgets and financial forecasts to meet the hotel's goals.
  2. Performance Analysis: Comparing actual results to budgeted figures and providing insights to management.

Financial Reporting

  1. Financial Statements: Preparing accurate financial statements, including income statements, balance sheets, and cash flow statements.
  2. Compliance: Ensuring financial reports comply with accounting standards and regulations.

Cash Flow Management

  1. Cash Flow Analysis: Monitoring and managing cash flow to ensure liquidity.
  2. Working Capital: Balancing receivables and payables to manage working capital efficiently.

Risk Management

  1. Risk Identification: Identifying financial risks and developing mitigation strategies.
  2. Insurance Management: Overseeing insurance policies to protect against financial risks.

Cost Management

  1. Cost Analysis: Conducting cost analysis to find areas for savings and efficiency.
  2. Expense Control: Implementing measures to control expenses while maintaining operations.

Tax Planning and Compliance

  1. Tax Strategy: Developing strategies to optimize the hotel's tax position.
  2. Compliance: Ensuring compliance with tax regulations.

Team Leadership and Development

  1. Team Building: Recruiting, training, and leading the finance team.
  2. Professional Development: Encouraging continuous learning and development for team members.

Stakeholder Communication

  1. Board Reporting: Presenting financial information to the board and providing insights into financial performance.

This role requires a strong background in finance and accounting, excellent leadership and communication skills, and the ability to manage multiple tasks and projects simultaneously.

What We Need From You

  1. Bachelor's degree, higher education qualification or equivalent in Hotel Administration / Business Administration
  2. Two to three years' prior tenure in a similar role
  3. International luxury hotel chain background
  4. GCC exposure
  5. English fluency is required
  6. Arabic fluency is preferred

Teamwork and Flexibility

In addition to the tasks outlined above, all team members are expected to demonstrate flexibility and a collaborative spirit. This may involve taking on additional responsibilities as needed, especially during periods of high occupancy or in emergency situations. Your willingness to assist colleagues and contribute to the overall success of the hotel is essential in maintaining our high standards of service and guest satisfaction.

What We Offer

We'll reward all your hard work with a competitive salary and benefits. So go on - show us how your passion and personality are the perfect fit to deliver memorable experiences to our guests.

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