Assistant Director of Finance

4.00 to 7.00 Years   Saudi Arabia , Egypt   27 May, 2023
Job LocationSaudi Arabia , Egypt
EducationNot Mentioned
SalaryNot Mentioned
IndustryHotels /Hospitality /Restaurant
Functional AreaNot Mentioned

Job Description

JOB SUMMARYDevelops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brands target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment. In addition, creates and executes a business plan that is aligned with the property and brands business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results. CANDIDATE PROFILEEducation and Experience. 4-year bachelors degree in Finance and Accounting or related major 1 year experience in the finance and accounting or related professional area. OR . Masters degree in Finance and Accounting or related major no work experience required. CORE WORK ACTIVITIESAssists in Conducting Strategic Planning and Decision Making. Assists in the development of means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc. . Analyzes information, forecasts sales against expenses and creates annual budget plans. . Compiles information, analyzes and monitors actual sales against projected sales. . Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning. . Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. . Assists in the creation of the annual operating budget for the property. . Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers. . Assists in the implementation of a system of appropriate controls to manage business risks. . Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability. . Analyzes financial data and market trends. . Assists in the development and implementation of a comprehensive annual business plan which is aligned with the companys and brands strategic direction. . Provides on going analytical support by monitoring the operating departments actual and projected sales. . Produces accurate forecasts that enable operations to react to changes in the business. Leading Finance & Accounting Team. Utilizes interpersonal and communication skills to lead, influence, and encourage others advocates sound financial/business decision making demonstrates honesty/integrity leads by example. . Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner. . Oversees internal, external and regulatory audit processes. . Provides excellent leadership by assigning team members clear accountability backed by appropriate authority. . Conducts annual performance appraisals with direct reports according to Standard Operating Procedures. Anticipating and Delivering on the Needs of Key Stakeholders. Attends meetings and communicating with the owners, understanding the priorities and strategic focus. . Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.). . Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors. . Demonstrates an understanding of cash flow and owner priorities. . Manages communication with owners in an effective manner. . Manages property working capital and cash flow in accordance with brand SOPs and owner requirements. . Facilitates critique meetings to review information with management team. Developing and Maintaining Finance and Accounting Goals. Ensures Profits and Losses are documented accurately. . Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued. . Submits reports in a timely manner, ensuring delivery deadlines. . Develops and supports achievement of performance goals, budget goals, team goals, etc. . Improves profit growth in operating departments. . Reviews audit issues to ensure accuracy. Managing Projects and Policies. Generates and provides accurate and timely results in the form of reports, presentations, etc. . Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs. . Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts). . Ensures compliance with management contract and reporting requirements. . Ensures compliance with standard and local operating procedures (SOPs and LSOPs). . Ensures compliance with Standard Operating Procedures (SOPs). Managing and Conducting Human Resource Activities. Ensures team members are cross-trained to support successful daily operations. . Ensures property policies are administered fairly and consistently. . Ensures new hires participate in the departments orientation program. . Ensures new hires receive the appropriate new hire training to successfully perform their job. . Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities. . Conducts performance review process for employees . Participates in hiring activities as appropriate.At more than 100 award-winning properties worldwide, The Ritz-Carlton Ladies and Gentlemen create experiences so exceptional that long after a guest stays with us, the experience stays with them. As the premier worldwide provider of luxury experiences, we set the standard for rare and special luxury service the world over. We invite you to explore The Ritz-Carlton.

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About Company

Marriott Hotels & Resorts is Marriott Internationals brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 hotels with 47,765 rooms planned for development


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