The function of a Senior Role in Finance - Northern Emirates Hotels Cluster is multifaceted and involves a range of responsibilities aimed at ensuring the financial health and success of the designated cluster of hotels or properties. Its integral to the financial well-being of the designated cluster, and it involves a combination of strategic planning, financial management, compliance oversight, and collaboration with various stakeholders to support the overall success of the business.
• Key financial metrics such as revenue growth, profitability, return on investment (ROI), and other financial indicators specific to the hospitality industry.
• The ability to adhere to reporting deadlines and produce financial reports in a timely manner. Timeliness is essential for providing timely insights to leadership.
• The efficiency and effectiveness of financial operations within the cluster. This includes evaluating how well financial transactions are recorded, reconciliations are performed, and financial statements are generated.
• The effectiveness of providing financial insights and support to senior leadership for strategic decision-making. Contribution to the development and execution of financial strategies.
• Performance during internal and external audits. This includes the ability to prepare for audits, address audit findings, and ensure a clean audit report.
• Feedback from internal stakeholders on the effectiveness and usefulness of financial support provided.
• Evaluation of leadership skills, including the ability to inspire and lead a high-performing finance team.
Technical Skills
• Ability to enforce policy and procedures
• Balance sheet management and controls
• Contract review and management
• Hire and create high potential team
• Internal controls evaluation and improvement
• Management reporting and presentation skills
• Owner relations and owner management
• Performance management, Variance Analysis (P&L management, finding efficiency, cost management)
• Review of high balance report
• Working capital and cash management
• Maintain accurate forecast
• Pre-opening support and feasibility study (where applicable)
Competencies:
• Agility & Resilience
• Problem solving & Creative thinking
• Driving Business performance
• Change management
• Leadership & People management
• Emotional Intelligence
• Negotiation & Persuasion
• Stakeholder Management
• A bachelor's degree in finance, accounting, business administration, or a related field is typically required. Many organizations prefer candidates with advanced degrees such as a Master of Business Administration (MBA) or a master’s in finance.
• Possession of relevant professional certifications is often preferred. Common certifications include Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or similar qualifications.
• Certifications specific to the hospitality industry or related sectors, such as Certified Hospitality Accountant Executive (CHAE) or Certified Hospitality Financial Analyst (CHFA), may be advantageous.
• Substantial experience in leadership roles within finance, including roles with increasing levels of responsibility. Previous experience in a Director of Finance or similar leadership role is often required.
• Experience in coordinating and managing internal and external audits. Familiarity with audit processes and addressing audit findings.
• Demonstrated commitment to continuous learning and staying updated on advancements in financial technology and best practices in Record to Report processes.
• Experience in leading financial process improvements and change management initiatives to enhance efficiency and effectiveness.
At Emaar, our DNA lays the foundation for everything we do. It forms the base of how we serve our customers, how we speak with one another, and the way we move forward in every decision we make. In short, it is the essence of who we are and how we communicate.
Customer Focus
Customers are our number one priority. We take pride in delivering on our promises and above all we value the trust they place in us to deliver flawless products, services and experiences.
Ownership Mindset
No detail is too small, no challenge is too big and no ambition is too great. We drive efficiency and effectiveness into every corner of our business, so we are fit for the future and to compete.
Fast Paced
Speed is everything in business. We evolve and adapt quickly and have the willpower, skills, knowledge and passion needed to deliver extraordinary speed for our customers.
Talent and Tenacity
Our people are heroes, superhumans and warriors. We are a team of great pooled talent that dream big and act quickly, with high energy and positivity.
Adaptability
We keep up with the times, disrupting and challenging the status quo. We challenge conventional wisdom and ourselves, we expect the unexpected, and we develop products and services that reflect the future.