Director of Finance

3 days ago

Riyadh, Saudi Arabia Hilton Full time

The Director of Finance is accountable for the hotel in respect of understanding and driving financial performance and is responsible to perform all finance activities within the policy, regulatory and contractual framework.The role will business partner with the General Manager and has accountability for developing excellent working relationships across a broad range of internal and external stakeholders, including within Hotel Finance, Commercial, IT, Procurement, Human Resources, Operations, Shared Service Centers (where applicable), Owners and Assett Managers as well as Regional Operations Finance. The Director of Finance works closely with all Business Partners to develop best-in-class hotel Finance teams, including participation in all relevant Finance development programs.You will be and remain familiar with the management agreement for the Hotel and implement processes and procedures to ensure the Hotel is operated in compliance with the management agreement, reporting issues of non-compliance to your supervising manager.

**What will I be doing?**
- Maximise profitability and performance of Managed / Leased Hotel
- Partner with Central Corporate Functions to identify areas of opportunity to increase revenues or reduce costs across the estate
- Lead commercial financial analysis, monthly forecasts reviews and meetings, annual budget, cash flow analysis and other financial benchmarking and tools
- Partner with General Manager, hotel management team to identify opportunities for the Hotel (cost savings; revenue initiatives; working capital improvements)
- Participate in and lead finance projects as and when required
- Serve as a strategic business partner and financial advisor to hotel management and ownership, lead monthly performance review meetings
- Assist and advise department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability
- Demonstrate full understanding of Lease / Management Agreement
- Provide financial oversight of capital expenditure projects as necessary
- Hire, manage, evaluate hotel finance team members and drive high performing culture
- Build competence with relevant Team Members through training, best practice sharing, recognition and rewards and other professional development opportunities
- Perform other duties and responsibilities as and when assigned or required
- Act in accordance with fire, health and safety regulations on property and follow the correct procedures when required
- Ensure hotels are in compliance with Corporate Policies (SPI's) and governmental rules and regulations and report irregularities and non-compliant situations as required by corporate guidelines
- Ensure that the best interest of the hotel, Hilton International and owners are protected and seek advice from the Regional Director of Finance if and when needed
- Provide direction and directives to the departmental team members in the performance of their duties, establishing work priorities and in achieving management objectives
- Determine staffing needs and oversee the recruiting, selecting, hiring, training and developing of certain departmental team members
- Hold regular communication meetings and ensure that hotel finance team is kept informed of all relevant hotel and company information, news and initiatives
- Oversee and evaluate business processes to maximize efficiency and effectiveness within the department
- Ability to deliver presentations and effectively present to hotel team, owners and Regional Team
- Strong communication and negotiation skills (all levels of management and external customers)
- Review and approval (release) of payroll related payments (online banking if applicable)
- Ensure deadlines according to local requirements in the payroll process are met
- Ensure that all debtors are billed in a timely fashion
- Ensure that all necessary supporting documentation is submitted with invoices to substantiate charges and ensures payment is collected in a timely fashion
- Ensure the timely delivery of invoices within three working days
- Ensure that all city ledger invoice batches are posted and reconciled on a daily basis
- Ensure the posting of invoices is done using the correct debtor codes
- Post and reconcile credit card transactions for all credit card types and follow up with banks on outstanding credit card reimbursements
- Handle all credit card queries
- Prepare credit card rebates/refunds with complete supporting documents/approval
- Follow up the collection of inter-hotel billings and Hilton Honors redemptions
- Ensure proper filing systems to facilitate retrieval of information
- Post and allocate all payments received accurately and on a timely basis
- Ensure all monthly debtor statements are sent on a timely basis
- Ensure all advanced payments received are properly recorded
- Notify the hotels on all advanced deposits received
- Review and follow up on short paid invoices and credit balances for n

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