Jobs in Kuwait - career in Kuwait - vacancies in Kuwait-Director of Finance and Business Support - Michael Page International (UAE) Limited-Jobs in Kuwait - career in Kuwait - vacancies in Kuwait
The Director of Finance and Business Support manages the entire finance discipline: Ensures stringent controls and enforcement of all divisional policies, leads a highly precise organization and oversees the team to perform duties through subordinate supervisors, and is responsible for all and overall financial aspects of the hotel operation.
Client Details
Our client is a luxury hotel which is part of a diversified business conglomerate based in Kuwait, with subsidiaries operating across multiple sectors. They are currently seeking to hire a Director of Finance and Business Support to be a part of their team.
Description
The Director of Finance and Business Support will be responsible for Managing the finance and operations in a professional and efficient manner
Core Responsibilities:
Ensuring that the credit policy is adhered to in conjunction with the General ManagerAnalysing and controlling expenditures for each department and ensuring specific controls and policies are adhered toAnalysing financial statistics to assist management in forward planning and policy formulationScreening and approving all expenditures prior to submission to the General ManagerMaintaining accounting standards in accordance with established policy and proceduresEnsuring that inter-company reconciliations have been completed and auctioned accordinglyReconciling all bank, asset, and liability accountsEnsuring all bank reconciliations are complete and current for all bank accountsOverseeing all contracts with suppliers in accordance with the financial terms and conditions (These contracts/agreements are to be properly reviewed and approved by the company's legal advisor and by the General Manager)Ensuring accurate reporting of all revenue centres and costsThe monitoring and controlling of the hotel's cashiering and internal control procedures to secure and/or safeguard the company's assetsMinimizing outstanding receivablesSupervising Food & Beverage Control, Accounts Payable, General Cashier and PayrollConducting month end financial presentationsAs a Senior Manager, you will carry out executive responsibilities in accordance with the organization's policies and as assigned to by the General Manager
Reporting:
Preparing and managing the company's cash flow (weekly/monthly) to ensure that financial resources are utilized in the best possible mannerPreparing the hotels financial statements for audit and publicationIndirectly, weighing up and analysing the feasibility of all procedures and controls in relation to all financial issues
Systems:
Developing the hotel's information technology systems with a view to utilize the potential of such systems to the optimumEnsuring a backup of all software is taken on a regular basis (The backup is to be verified, tested, and properly stored)
Team:
Developing the teamDirecting all related departments in terms of staffing, training, and performance evaluations
Profile
Required Qualifications and Experience:
Over 5 years in accounting/finance in a 5-star hotel set upGCC experience is a plusBachelor's Degree in business and/or accounting
Behavioural Characteristics:
Able to forward plan, analyze statistics and reports and deem necessary conclusions for implementation in financial planningGood interpersonal skills with guests, business partners and staffExperience with writing detailed financial reports and correspondenceMust be articulate and have the ability to build and formulate various spreadsheets, budgets and forecasts, calculate figures, and amounts such as discounts, interest, ROI, deprecations, FF&E, commissions, proportions and percentages
Job Offer
The s
The Director of Finance and Business Support manages the entire finance discipline: Ensures stringent controls and enforcement of all divisional policies, leads a highly precise organization and oversees the team to perform duties through subordinate supervisors, and is responsible for all and overall financial aspects of the hotel operation.
Client Details
Our client is a luxury hotel which is part of a diversified business conglomerate based in Kuwait, with subsidiaries operating across multiple sectors. They are currently seeking to hire a Director of Finance and Business Support to be a part of their team.
Description
The Director of Finance and Business Support will be responsible for Managing the finance and operations in a professional and efficient manner
Core Responsibilities:
Ensuring that the credit policy is adhered to in conjunction with the General ManagerAnalysing and controlling expenditures for each department and ensuring specific controls and policies are adhered toAnalysing financial statistics to assist management in forward planning and policy formulationScreening and approving all expenditures prior to submission to the General ManagerMaintaining accounting standards in accordance with established policy and proceduresEnsuring that inter-company reconciliations have been completed and auctioned accordinglyReconciling all bank, asset, and liability accountsEnsuring all bank reconciliations are complete and current for all bank accountsOverseeing all contracts with suppliers in accordance with the financial terms and conditions (These contracts/agreements are to be properly reviewed and approved by the company's legal advisor and by the General Manager)Ensuring accurate reporting of all revenue centres and costsThe monitoring and controlling of the hotel's cashiering and internal control procedures to secure and/or safeguard the company's assetsMinimizing outstanding receivablesSupervising Food & Beverage Control, Accounts Payable, General Cashier and PayrollConducting month end financial presentationsAs a Senior Manager, you will carry out executive responsibilities in accordance with the organization's policies and as assigned to by the General Manager
Reporting:
Preparing and managing the company's cash flow (weekly/monthly) to ensure that financial resources are utilized in the best possible mannerPreparing the hotels financial statements for audit and publicationIndirectly, weighing up and analysing the feasibility of all procedures and controls in relation to all financial issues
Systems:
Developing the hotel's information technology systems with a view to utilize the potential of such systems to the optimumEnsuring a backup of all software is taken on a regular basis (The backup is to be verified, tested, and properly stored)
Team:
Developing the teamDirecting all related departments in terms of staffing, training, and performance evaluations
Profile
Required Qualifications and Experience:
Over 5 years in accounting/finance in a 5-star hotel set upGCC experience is a plusBachelor's Degree in business and/or accounting
Behavioural Characteristics:
Able to forward plan, analyze statistics and reports and deem necessary conclusions for implementation in financial planningGood interpersonal skills with guests, business partners and staffExperience with writing detailed financial reports and correspondenceMust be articulate and have the ability to build and formulate various spreadsheets, budgets and forecasts, calculate figures, and amounts such as discounts, interest, ROI, deprecations, FF&E, commissions, proportions and percentages
Job Offer
The s
Job Details
| Posted Date: | 2023-01-17 |
| Job Location: | Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Hospitality & Accomodation |
Preferred Candidate
| Career Level: | Management |
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Jobs in Kuwait - career in Kuwait - vacancies in Kuwait-Director of Finance and Business Support - Michael Page International (UAE) Limited-Jobs in Kuwait - career in Kuwait - vacancies in Kuwait
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