Director of Finance

• Position Title:                  Director of Finance
• Department:                   Finance
• Reports To:                       General Manager
• Location:                            Mvenpick Hotel The Clock Tower Makkah
• Hotel Brand:                    Mvenpick by Accor

Position Summary

The Director of Finance is responsible for overseeing all financial operations of the hotel including budgeting forecasting financial reporting internal controls audits cost control and compliance with local regulations and Accor brand standards. The role is a key member of the executive committee and a strategic business partner to the General Manager providing financial insight and leadership to support operational and strategic decision-making.

This role is critical to maintaining financial integrity maximizing profitability and supporting operational efficiency particularly during high-demand periods such as Hajj Ramadan and Umrah.

KEY RESPONSIBILITES:

Financial Leadership & Reporting

• Lead and manage the hotels finance team in all financial aspects.
• Oversee monthly quarterly and annual financial reporting to both ownership and Accor corporate office.
• Ensure timely and accurate preparation of profit & loss balance sheet and cash flow statements.
• Provide financial analysis forecasts and strategic insights to support management decisions.

Budgeting & Forecasting

• Prepare the hotels annual operating budget and capital expenditure plans.
• Monitor performance against budget and provide variance analysis.
• Lead monthly financial review meetings with department heads and executive team.

Internal Controls & Compliance

• Ensure compliance with all internal control policies SOPs local laws tax regulations and Accor standards.
• Coordinate internal and external audits ensuring readiness and transparency.
• Maintain a robust system of internal financial controls to safeguard company assets.

Procurement & Cost Control

• Work closely with the Materials Manager and department heads to ensure cost-effective procurement and inventory control.
• Monitor F&B costs payroll ratios and departmental spending.
• Review and approve all major spending requests and contracts.

Team Management & Development

• Lead train and develop the finance team including Chief Accountant Credit Controller Payables and Night Auditor.
• Foster a culture of financial accountability continuous learning and ethical conduct.

Owner and Corporate Relations

• Serve as the financial liaison between hotel ownership Accor corporate office and internal stakeholders.
• Ensure clear communication and alignment with ownership goals and expectations.

Working Conditions:

• High-volume fast-paced environment in one of the busiest hotel destinations globally.
• Role requires flexibility attention to detail and ability to lead under pressureespecially during religious seasons
• Strong leadership and interpersonal skills

• Excellent communication and presentation skills
• Ability to multi-task work well in stressful & high-pressure situations
• A team player & builder
• A motivator & self-starter
• Well-presented and professionally groomed at all times
• Must be based in or willing to relocate to Makkah.

Qualifications :

• Bachelors or Masters degree in Accounting Finance or a related field; CPA or CMA certification will be an added advantage.
• Minimum 10 years of progressive finance experience in a senior leadership role and atleast 5 years of experience in a similar capacity within a 5-star hotel environment a
• Strong knowledge of Saudi tax law local compliance regulations and hotel financial systems.
• Exceptional analytical strategic planning and communication skills.
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• High degree of professionalism with strong understanding of business acumen
• Excellent reading writing and oral proficiency in English language and fluency in Arabic will be an added asset.
• Fully conversant in  accounting principles  and financial regulation standards

Systems & Technology

• Oversee financial systems including Sun Systems MC Opera PMS and Accor reporting tools.
• Drive automation and digitization of financial processes for accuracy and efficiency.