Finance Manager – Jumeirah Living Marina Gate

at Jumeirah Hotels and Resorts
Published May 23, 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 organise credit meetings with the participation of the General Manager and all concerned Heads of Department where all debtors’ balances are analyzed.
Industry Hospitality

Description

JOB DESCRIPTION

 

For more than two decades, Jumeirah Group, a member of Dubai Holding, has been making a distinct mark on the global hospitality market with its unwavering Stay Different™ brand promise.

About Jumeirah & the Hotel:Its award-winning destinations, including the iconic Burj Al Arab Jumeirah, position service beyond expectations, signature dining experiences and artful surroundings at the heart of every guest experience.

Today, Jumeirah operates a world-class portfolio of 26 properties across the Middle East, Europe and Asia, and employs over 9,000 colleagues, representing over 120 nationalities.

As Jumeirah continues to expand its global portfolio and scale up its operations to the next level of growth, we remain fully committed to developing and empowering our colleagues to excel in world-class environments.Jumeirah is committed to embedding equality, diversity and inclusion in all its practices, embracing a culture that celebrates diversity.

Jumeirah Living Marina Gate is a destination for urban living in Dubai’s upbeat Marina, ideal for those looking for a space that caters to work and play. Sitting boldly in the waterfront, Jumeirah Living marina Gate redefines the standard of living by offering exclusive range of facilities and amenities, including an infinity pool overlooking Dubai Marina, along state-of-the-art fitness center and Amara Lounge. A sense of accomplishment and excitement envelops this destination, where long- and short-term guests confidently find a home away from home.

An opportunity has arisen for a Finance Manager to join Finance in Jumeirah Living Marina Gate Hotel. The main duties and responsibilities of this role:

About the Job: 

 

 

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 organise credit meetings with the participation of the General Manager and all concerned Heads of Department where all debtors’ balances are analyzed.

 

 

 

About you:

  • Bachelor’s Degree in Finance, Accounting or equivalent from an accredited and renowned University.
  • Professional Finance or Accounting Certification (i.e. CPA, CIMA).
  • Master’s Degree in Finance, Accounting or equivalent from an accredited and renowned University.
  • Strong knowledge of finance processes and policies, cost control and fund management optimization.
  • Good understanding of core hotelier operations and the luxury hospitality industry.
  • Good budgeting, financial planning and financial modelling skills.
  • Good analytical and problem-solving skills.
  • Good interpersonal and communication skills among all stakeholders.

 

 

We offer an attractive tax-free salary, paid in Dirhams (AED), the local currency of the UAE. In addition, we offer generous F&B benefits, reduced hotel rates across our properties globally, excellent leave and health care package including dental coverage, flights home, life insurance, incentive programs, children’s education assistance and other employee benefits making the role attractive to high performers and any applicant looking for a career with one of the most luxurious brands in the hospitality industry.

About the Benefits:

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