Group Director of Finance - Asset management
JOB TITLE: Director of Finance Planning and Asset Management (Corporate Hotel Portfolio)
REPORTING TO: Chief Asset Management Officer (CAMO)
ROLE OBJECTIVE:
This position seeks an experienced and strategic Director of Finance (Corporate Hotel Portfolio) to oversee
financial operations across our diverse portfolio of hotels spanning multiple geographical areas. The successful
candidate will provide financial leadership, drive business growth, and ensure optimal financial performance across
the portfolio.
DETAILED ROLES AND RESPONSIBILITIES:
Key Responsibilities:
1. Financial Oversight:
a. Lead financial planning, budgeting, and forecasting across the portfolio.
b. Develop and implement financial strategies to drive revenue growth and cost optimization.
c. Assist the Asset Management department in Feasibilities and Return-on-Investment analysis.
2. Operational Finance:
a. Collaborate with hotel general managers and financial controllers to ensure seamless financial
operations.
b. Monitor and analyze financial performance, identifying areas for improvement.
c. Conduct cost benchmarking across brands, operator and geographical jurisdictions to inform Asset
Management decisions.
d. Conduct regular review of monthly Hotels Cash Flow forecasts and reports.
e. Conduct thorough review and analysis of monthly detailed P&Ls, Balance Sheets and Trial Balances.
f. Conduct Ad-Hoc hotel's finance review and Balance Sheet review.
g. Monitor and control CAPEX and FF&E Reserve Budget, Forecast and Expenditures.
3. Portfolio Management:
a. Oversee financial performance across multiple hotels, identifying trends and opportunities.
b. Develop and maintain financial models to inform investment decisions.
c. Oversee insurance claims and follow-ups.
d. Conduct operational Audits through 3rd party entities and oversee Financial Audit exercise.
e. Attend and sometime conduct End-Of-Month review meetings with hotels on Ad-hoc basis.
f. Lead hotel valuation exercises with 3rd party valuators.
4. Stakeholder Management:
a. Communicate financial results and insights to senior leadership, investors, and stakeholders.
b. Collaborate with Group Finance department for all hotels' related finances and reports.
c. Foster strong relationships with hotel teams, hotel operator's regional offices, and corporate
functions.
5. Financial Reporting and Compliance:
a. Ensure accurate and timely financial reporting, including consolidated statements and regulatory
compliance.
6. Talent Development:
a. Mentor and develop financial talent across the portfolio, promoting best practices and knowledge
sharing.
7. Strategic Initiatives:
a. Participate in strategic planning, driving financial initiatives to support business growth.
EDUCATIONAL QUALIFICATIONS:
Advanced degree in Finance, Accounting, or related field.
Professional certification (e.g., CPA, CMA) preferred.
EXPERIENCE:
10+ years of finance experience in the hospitality industry, with a focus on hotel operations.
Proven track record of financial leadership and strategic planning.
Strong analytical, communication, and interpersonal skills.
Ability to work in a fast-paced environment, prioritizing multiple tasks and deadlines.
Experience in Audit and exposure to Middle East and European markets is a plus.