Requirements
Minimum 5 years of progressive experience in hospitality finance, with demonstrated expertise in multi-property financial management. Minimum 2 years of supervisory or leadership experience managing finance teams. Strong proficiency in financial analysis, budgeting, forecasting, and variance analysis. Advanced knowledge of accounting principles, generally accepted accounting practices, and hospitality-specific accounting standards. Proficiency with financial management systems and accounting software (Oracle, SAP, or similar platforms preferred). Experience in pre-Opening is a must.
Description
Company DescriptionRaffles & Fairmont the Red Sea, positioned in the kingdom's groundbreaking Red Sea Project, will provide visitors access to two nature-focused resorts. With 361 rooms, 11 distinct dining concepts, including overwater restaurant with views of the Red Sea and the mangroves, and a Spa.Raffles The Red Sea will be a sanctuary of refined elegance and timeless luxury, nestled within Saudi Arabia's extraordinary Red Sea destination. Blending Raffles legendary graciousness and personalized service with the natural beauty and sustainability ethos of Red Sea Global, the property offers a curated haven for the world's most discerning travelers.Job DescriptionWe are seeking an experienced and detail-oriented Assistant Cluster Director of Finance to join our prestigious hospitality organization at Raffles & Fairmont The Red Sea in Umluj, Saudi Arabia. In this pivotal role, you will provide strategic financial leadership and oversight across our luxury resort cluster, ensuring operational excellence, financial integrity, and sustainable profitability. You will work collaboratively with senior management to drive financial performance while maintaining the highest standards of hospitality service delivery.Oversee financial operations and performance across multiple properties within the cluster, analyzing variances and implementing corrective actions to achieve budgeted targetsPrepare and present comprehensive financial reports, forecasts, and analyses to senior leadership, providing actionable insights for strategic decision-makingDevelop, monitor, and manage departmental budgets and capital expenditure plans, ensuring optimal resource allocation and cost controlLead and mentor finance team members, fostering a culture of professional development, accountability, and continuous improvementEnsure compliance with accounting standards, internal controls, audit requirements, and regulatory obligations specific to Saudi Arabia operationsCollaborate with department heads to identify cost optimization opportunities and implement efficiency initiatives without compromising service qualityManage accounts payable, accounts receivable, and general ledger functions, ensuring accuracy and timeliness of financial transactionsAnalyze revenue streams, occupancy rates, and pricing strategies to support revenue management and profitability objectivesCoordinate with external auditors and regulatory authorities, maintaining transparent and professional relationshipsSupport the Cluster Director of Finance in strategic planning, financial forecasting, and long-term financial sustainability initiativesQualificationsMinimum 5 years of progressive experience in hospitality finance, with demonstrated expertise in multi-property financial managementMinimum 2 years of supervisory or leadership experience managing finance teamsStrong proficiency in financial analysis, budgeting, forecasting, and variance analysisAdvanced knowledge of accounting principles, generally accepted accounting practices, and hospitality-specific accounting standardsProficiency with financial management systems and accounting software (Oracle, SAP, or similar platforms preferred)Excellent analytical and problem-solving skills with the ability to interpret complex financial data and communicate findings clearlyStrong organizational and time management capabilities with the ability to manage multiple priorities simultaneouslyDemonstrated ability to lead, motivate, and develop team members in a fast-paced environmentExceptional communication and interpersonal skills with the ability to collaborate effectively across all organizational levelsKnowledge of Saudi Arabia's regulatory environment, tax requirements, and labor laws (preferred)Experience in luxury hospitality operations and understanding of high-end resort management (preferred)Familiarity with multi-currency operations and international financial management (preferred)Professional certification such as CPA, ACCA, or equivalent accounting qualification (preferred)Additional InformationUnderstanding of Ultra-Luxury guest expectations and brand alignment.experience in project coordination, scheduling, and document control during pre-Opening stages.Experience in pre-Opening is a must.A proactive, anticipatory approach with a strong sense of ownership and accountability.Impeccable grooming and personal presentation aligned with Luxury standards.