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Accounting Manager

3 weeks ago

جدة, Saudi Arabia The First Group Full time

Overview:
Over the past two decades, The First Group has forged a reputation as one of the hospitality industry’s leading innovators, providing groundbreaking investment opportunities to clients and partners, while delivering exceptional, memorable experiences to hotel and leisure guests. Our corporate ethos and unique vision for the future of hospitality is encapsulated in our fast-growing portfolio of award-winning hotels and residences, exciting F&B outlets and lifestyle venues, and delivered through our array of complementary third-party hotel and asset management services.

Core to our vision for the future of hospitality is The First Collection, our award-winning hotel brand that reflects the rich culture, innovative spirit, and unparalleled refinement for which Dubai is famous for.

The First Collection’s urban lifestyle resorts, situated in prime locations across Dubai, are renowned for their unique blend of world-class hospitality and modern flair, as well as their cutting-edge guest facilities and services, which include exclusive access to the stunning Soluna Restaurants and Beach Club, located on the world-famous Palm Jumeirah.

Every hotel in our fast-growing portfolio reflects our ambition to capture the essence of urban living, blending it seamlessly with the tranquillity of a serene getaway. The First Collection echoes the city’s heartbeat, ensuring all our guests are made to feel a part of the magnificent tapestry of Dubai, the world’s most exciting metropolis.

Positioned on the edge of the Red Sea, Silver Sands Beach stands as a pinnacle of sophisticated living in Jeddah, Kingdom of Saudi Arabia. This premier community is a seamless blend of tranquil coastal ambience and convenient city access, offering an unparalleled lifestyle for discerning individuals and families. For over six decades, Silver Sands Beach has transitioned from a beloved family retreat into a symbol of community cohesion and respect for nature. Our ambition goes beyond providing beautiful homes; we aim to cultivate a vibrant, interconnected community that cherishes a deep sense of togetherness. Positioned near a natural lagoon, with perfect conditions for water sports, Silver Sands is for families and enthusiasts, promising lasting memories amidst its splendour.

**Job Description**:
The Accounting Manager at Silver Sands Beach is responsible for overseeing all financial aspects, ensuring accuracy and compliance with accounting principles, financial regulations, and company policies. The role includes managing financial records, preparing financial reports, budgeting, forecasting, and advising management on financial decisions to support the growth and profitability of the organization.
- Oversee day-to-day financial operations, including accounts payable, receivable, payroll, and general ledger entries.
- Prepare monthly, quarterly, and annual financial statements and management reports.
- Ensure timely reconciliation of bank accounts and balance sheets.
- Monitor cash flow, manage budgets, and forecast financial trends.
- Collaborate with department heads to prepare annual budgets and financial plans.
- Analyze financial data to identify trends, variances, and areas for cost reduction or revenue enhancement.
- Provide financial projections and analyses to support decision-making.
- Ensure compliance with local, state, and federal financial regulations.
- Coordinate with external auditors for annual audits and ensure all financial records are accurate and up to date.
- Implement and maintain internal controls to safeguard assets.
- Oversee the preparation and filing of all tax returns.
- Develop strategies to optimize tax liabilities while ensuring compliance with tax laws.
- Liaise with tax authorities and consultants as needed.
- Lead and mentor the accounting team, providing guidance and support for professional development.
- Conduct performance evaluations, set goals, and ensure the team meets all deadlines and standards.
- Provide financial analysis and insights to support strategic initiatives and business growth.
- Work closely with the Financial Controller, Resort Manager and other department heads to align financial goals with overall objectives.
- Evaluate investment opportunities and assess financial risks.

Desired Skill & Expertise:

- Bachelor’s degree in Accounting, Finance, or a related field; CPA or CMA preferred.
- Minimum of 5 years of experience in accounting, with at least 2 years in a managerial role, preferably in the hospitality industry.
- Strong knowledge of accounting principles, financial regulations, and tax laws.
- Proficient in accounting software and Microsoft Office Suite, particularly Excel.
- Excellent analytical, organizational, and communication skills.
- Ability to work independently and manage multiple priorities in a fast-paced environment.