Financial Controller

Financial Controller

Application Deadline: 31 May 2024

Department: Finance & Procurement

Employment Type: Permanent - Full Time

Location: Saudi Arabia - Yanbu

Reporting To: General Manager

Description
To provide timely and accurate information and work together with the executive team in order for the hotel to run profitably and within the legal and corporate guidelines to maximize the use of the resources available and maintain a control over revenues and costs and help ensure that the hotel objectives are met. 

The job of Financial Controller is executed satisfactorily when:

• All local and corporate guidelines and deadlines are met.
• High forecast accuracy is achieved consistently.
• Senior Management is provided with timely and accurate financial information.
• Hotel fully operates under the terms of the Management Agreement.
• Insurances are up to date and in compliance with local and corporate regulations.

The Financial Controller fulfils their role as a Talent Development Ambassador when:

• They actively support and implement Talent Development initiatives as a part of their daily activities.
• They identify Training talents in their department and throughout the hotels as per below definition* and actively support their career development.
• They support and initiate transfer, cross exposure and task force assignments for their team.
• They personally conduct TTTTs with their team on a regular basis and take personal interest for their talents’ development plans.
• They recruit and select potential talent according to the Company’s current and future hotel, regional and worldwide needs including conducting interviews for positions in their department and their region.

Key Responsibilities

• Responsible for following and understanding all Kempinski Policies & Procedures.
• Responsible for behaving in a professional and harmonious manner and following the Kempinski code of conduct.
• Responsible for understanding and following the terms of the Management Agreement.
• Responsible for supporting, mentoring and developing the finance staff.
• Responsible for supporting and encouraging training of all staff in financial matters.
• Responsible for developing the annual business plan together with the General Manager and Executive Committee.
• Responsible for conducting monthly P&L meetings.
• Responsible for monitoring and controlling all revenues and expenses and making the corresponding recommendations when needed.
• Responsible for reviewing the cash position of the hotel in order to optimize the use of funds.
• Responsible for preparing and submitting the quarterly self assessment report.
• Responsible for preparing and submitting an accurate monthly forecast.
• Responsible for reviewing and signing the Balance Sheet reconciliations monthly.
• Responsible for ensuring the preparation of the accurate and timely monthly financial report.
• Responsible for being the contact for the auditors and act upon recommendations in the audit report.
• Responsible for continuously searching for new business opportunities to benefit the hotel.
• Responsible for the control environment within the hotel.
• Responsible for keeping and safeguarding all contracts, lease agreements, licenses, insurance policies and all legal and financial documents.
• Responsible for maintaining good relationships with the hotel owners/representatives as well as external partners.
• Responsible for communicating with the General Manager on any discrepancies or other potential problems.

Additional responsibilities and tasks can be added at any time according to the needs of the business and of the hotel. 

Skills, Knowledge and Expertise
NATIONALITY:   Eligible for a working permit in country of hire

EDUCATION:     BA/BSc in finance, accounting or related field or CPA/ACA/ACCA or MBA (Financial)

EXPERIENCE:   To fill the position, the following is required:

• 2+ years as financial controller, preferably with a 5* Hotel chain

LANGUAGE:       Ability to work and communicate in a multinational environment:

• Local language – excellent oral and written skills
• English – excellent oral and written skills
• Additional language - beneficial

COMPETENCIES:                               

Ability to work independently, thrive under pressure and/or challenging circumstances and come up with proactive, rational solutions

Excellent written and verbal communication skills

Ability to establish and retain effective working relationships with hotel staff and clients/vendors

Ability to identify and delegate tasks effectively

Excellent organizational and time management skills

Applies a professional, confidential and ethical approach at all times

Works in a safe, prudent and organized manner

TECHNICAL COMPETENCIES: Computer literacy adapted to the field of training:

• Ability to operate computer and office equipment
• Strong affinity for Information Technology
• Proficiency in Excel and Word
• Experience in respective accounting software is a plus
• Knowledge of the generally accepted accounting principles, PCI DSS and local regulations and taxation
• In-depth knowledge of modern and complex principles and practices of hotel accounting and operations
• Experience in reporting, forecasting and budgeting

INDIVIDUAL CHARACTERISTICS: To fill this position the candidate must identify with the Kempinski core values, in addition they should be especially:

• People Oriented
• Passionate for European luxury
• Entrepreneurial
• Straightforward
• Business Acumen
• Sense of responsibility
• Leader
• Team player
• Analytical thinker
• Flexible and reliable
• Tolerant and open minded
• Works well under pressure

About Kempinski Hotel & Resort Yanbu

Set in a secluded area on the Red Sea, Kempinski Hotel & Resort Yanbu will sit close to this lively port city.

At this large upscale complex you’ll be able to choose from spacious suites, designer apartments or exclusive villas, all with the finest architecture and contemporary styling. Unwind at the stunning pools, spa and fitness centre. Escape the stresses of modern life at the private beach. Take an excursion from the marina to discover a rich underwater world. Or join our diving school with expert instructors. Then, once you’ve worked up an appetite, you’ll be able to indulge at any one of the five gourmet restaurants and lounges.