Director of Finance - Waldorf Astoria Lusail Doha
Waldorf Astoria Doha Lusail location Doha, Qatar category Hotel Full-time HOT0B2FR Posted: Oct 20th 2024 JOB DESCRIPTION The Director of Finance is responsible for overseeing the hotel’s financial performance, ensuring all financial activities comply with policies, regulations, contractual obligations, and financial profitability. This role works closely with the General Manager and plays a key role in fostering strong relationships with a broad range of internal and external stakeholders, while also working to maximize profits for shareholders and owners. Additionally, the Director of Finance ensures the hotel operates in full compliance with the management agreement.
The Director of Finance is accountable for the hotel in respect of understanding and driving financial performance and is responsible to perform all finance activities within the policy, regulatory and contractual framework.
As the Director of Finance, you will be responsible for performing the following tasks to the highest standards;
Financial Accounting & Control:
Oversee accounting records, financial reports, and compliance with company, owner, and statutory requirements. Maintain internal controls to safeguard assets and ensure accurate financial reporting. Ensure compliance with legal, tax, and insurance requirements.
Management Reporting:
Develop and deliver timely, accurate management information and performance reports. Implement reporting systems with KPIs, benchmarking, and balanced scorecards.
Business Support:
Provide financial and commercial advice to the General Manager and hotel team. Support business development and pricing decisions with financial insights.
Strategic Planning & Forecasting:
Assist in strategic planning and budgeting processes. Manage regular forecasting and provide alerts on business trends.
Cash & Working Capital Management:
Optimize cash flow and manage working capital effectively. Ensure accurate cash flow forecasting and strict control over bank accounts.
Cost Management:
Analyze and control costs, ensuring effective purchasing procedures. Benchmark costs and identify opportunities for cost reduction.
Team Leadership:
Recruit, develop, and lead the finance team, ensuring high performance. Foster good employee relations and maintain an efficient finance department.
You will be and remain familiar with the management agreement for the Hotel and implement processes and procedures to ensure the Hotel is operated in compliance with the management agreement, reporting issues of non-compliance to your supervising manager.
Strategic thinker with the ability to formulate effective goals, objectives and priorities with a long term perspective Strong communication and negotiation skills (all levels of management and external customers) Financial and operational analytical skills (operational analysis) Knowledge of departmental and hotel operations Ability to exercise judgment in evaluating situations and in making sound decisions Ability to analyze and interpret financial data Leadership and organizational skills (team orientation, flexible, adaptable) Ability to analyze large volume of complex financial information from many sources and create reports, forecasts projections Proficiency in MS Office suite applications (Excel, Word, Powerpoint)
Additional Preferences:
University degree in Accounting or Finance / Accounting certification (eg CIMA) Hotel level or industry experience
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