Finance Manager – Finance 

at Jumeirah Creekside
Published May 30, 2024
Location Dubai, United Arab Emirates
Category Chefs / F&B / Housekeeping / Hospitality  
Job Type Full-time  
Responsibilities Financial and Management Accounting Responsibilities: The main responsibilities are managing the accounting records, financial reports and oversee the issuance of SBUs 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.  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 monthly 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. Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel. 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. 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 committee of the property and act as a business advisor and risk advocate. 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 assignments set by GM or Regional DOF and meet specific deadlines.   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.   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. 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 organize 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.
Industry Hospitality

Description

JOB DESCRIPTION

About Jumeirah & the Hotel:

At Jumeirah, we are committed to encouraging and developing our colleagues in world class environments. We value diversity and provide equal opportunities, employing over 14,000 colleagues from over 140 different countries including locations in Asia Pacific, CIS, Central Asia, Western and Eastern Europe, South America, Africa and the Middle East.

We want you to do well from the beginning, so we’ll give you every chance to impress during the recruitment process. We promise our colleagues a warm welcome and will help you feel part of our Jumeirah family from day one. You can rely on us to support you as you settle into your journey with us and make Jumeirah ‘Your Place to Shine’.

Jumeirah Creekside Hotel is a contemporary lifestyle hotel located 2km from Dubai International Airport in the heart of old Dubai. Set in landscaped grounds overlooking Dubai Creek, the hotel offers 292 rooms and suites, 21 meeting rooms, four restaurants, an award-winning spa and access to sports and leisure complex, The Aviation Club. Designed from the outset to connect the hotel to the region’s vibrant arts and cultural heritage, Jumeirah Creekside Hotel houses one of Dubai’s largest art collections – a specially commissioned collection of 482 pieces by 52 artists with roots from the Middle East. Rooted in the cultural and cosmopolitan essence of Dubai, the property combines comfort and unrivalled connectivity with true Arabian hospitality for the ultimate business and leisure experience.

About the Job:

Assist the Director of Finance to deliver strategic, added value Finance interventions to the business and act as a business partner to ensure the achievement of the hotel objectives

To lead the operational Finance team in the provision of added value Finance excellence to deliver hotel targeted results whilst demonstrating strong commercial awareness and solid financial control.

Your main duties will include:

Financial and Management Accounting Responsibilities:

  • The main responsibilities are managing the accounting records, financial reports and oversee the issuance of SBUs 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.
  • 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 monthly 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.
  • Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel.
  • 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.

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 committee of the property and act as a business advisor and risk advocate.
  • 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 assignments set by GM or Regional DOF and meet specific deadlines.

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.
  • 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.
  • 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 organize 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:

Qualifications:

  • Professional accounting qualification or studying towards one is a must (e.g. ACCA, CIMA, ACA, etc)

Experience:

  • Strong background in hospitality Finance function
  • Hotel pre-opening experience. 
  • Manage Hotel Experience
  • Strong for candidates with GCC experience
  • Prior experience of working with SUN financials, ERP system
  • At least 2 years management level experience
  • Displayed a strong track record of solid career progression to date
  • Knowledge of the Uniformed System of Account for Lodging Industry.
  • Involvement with Capex and corporate projects

Skills:

  • Good knowledge of ERP systems an advantage (Oracle, Sun, etc)
  • Strong communication skills / previous experience of managing resort operations.
  • Owner relations / working directly with asset managers / stakeholder management.
  • Fluent command of English-spoken and written

 

About Benefits:

We offer an attractive tax-free salary, paid in Dirhams (AED), the local currency of the UAE. In addition, we offer reduced hotel rates across our properties globally, excellent care package, flights home, accommodation allowance, health insurance, up to 50% discount off Jumeirah F&B Outlets.

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