Director of Finance Sls

3 months ago


تبوك, Saudi Arabia SLS Full time

**Company Description**
We are looking for a Director of Finance to join the pre-opening of **SLS The Red Sea**.

Ennismore, with its luxury brand SLS Hotels, is currently opening a magnificent project in the oasis that is The Red Sea.** SLS The Red Sea** is planned to open in 2025.

Introducing the newest gem of dazzling luxury to reach The Red Sea project: resort offers 150 luxurious keys, complemented by an impressive array of 7 distinct Food & Beverage outlets and a rejuvenating spa sanctuary. Catering to both adults seeking a getaway and families craving connection and some adventure, this hotel brings a wonderland of extraordinary experiences to The Red Sea, providing an array of amenities and activities tailored for travelers of all ages.

This project is not for the faint at heart. At Ennismore, we are ambitious, and this project is a perfect example of that. If you are looking to make your mark as we expand further into the Kingdom of Saudi Arabia, build an exciting hotel with lots to offer, and curate the team with some of the best and brightest in the lifestyle and luxury hospitality space, this might just be the right fit for you

The Director of Finance will play a crucial role in steering the financial operations of SLS, during its pre-opening phase. Responsible for establishing and overseeing a comprehensive financial structure that supports the resort's successful launch, including the development and implementation of financial strategies, budget management, and providing financial guidance to senior management for long-term sustainability. Excellent knowledge in International Financial Reporting Standards (IFRS) is a must. If you possess exceptional technical expertise, excellent leadership skills, and a passion for maintaining a world-class facility, we invite you to take on this pivotal role and shape the future of our esteemed establishment

**Key Responsibilities**:

- ** Financial Planning and Strategy**: Develop and implement comprehensive financial plans and strategies aligned with the resort's overall business objectives.
- ** Budgeting and Forecasting**: Prepare detailed operating and capital budgets, accurately forecasting revenue and expenses. Monitor actual performance against budgets and identify areas for improvement.
- ** Financial Reporting and Analysis**: Generate timely and accurate financial reports, providing insights into the resort's financial performance. Conduct financial analyses to identify trends, risks, and opportunities.
- ** Treasury Management**: Manage the resort's cash flow, ensuring sufficient liquidity to meet financial obligations. Optimize banking relationships and negotiate favourable terms.
- ** Internal Control and Compliance**: Establish and maintain robust internal controls to safeguard assets and prevent fraud. Ensure compliance with all applicable financial regulations and reporting requirements.
- ** Financial Team Leadership**: Lead and manage the finance team, providing guidance, training, and performance management. Foster a collaborative and results-oriented work environment.
- ** Pre-Opening Preparation**: Oversee financial aspects of the resort's pre-opening phase, including vendor negotiations, asset acquisitions, and initial staffing.
- ** Financial Guidance and Reporting**: Provide financial guidance to senior management, and prepare regular financial reports for stakeholders.

**Financial and Management Accounting Responsibilities**:

- The main responsibilities are managing the accounting records, financial reports and oversee the issuance of 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 compliant with uniform system of accounting for lodging industry and company finance policies.
- Establish strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.
- Manage cash requirement and coordinate with owners 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 in line with company policy.
- 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 (IFRS).
- Generate and discuss with relevant parties special operation analysis reports with a strategic objective of minimizing the variance: performance versus budget a



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