Finance Director

Job Description : FINANCE DIRECTOR KUWAIT a luxury hotel which is part of a diversified business conglomerate based in Kuwait, with subsidiaries operating across multiple sectors. 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 Manager · Analysing and controlling expenditures for each department and ensuring specific controls and policies are adhered to · Analysing financial statistics to assist management in forward planning and policy formulation · Screening and approving all expenditures prior to submission to the General Manager · Maintaining accounting standards in accordance with established policy and procedures · Ensuring that inter-company reconciliations have been completed and auctioned accordingly · Reconciling all bank, asset, and liability accounts · Ensuring all bank reconciliations are complete and current for all bank accounts · Overseeing 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 costs · The monitoring and controlling of the hotel's cashiering and internal control procedures to secure and/or safeguard the company's assets · Minimizing outstanding receivables · Supervising Food & Beverage Control, Accounts Payable, General Cashier and Payroll · Conducting month end financial presentations · As 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 manner · Preparing the hotels financial statements for audit and publication · Indirectly, 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 optimum · Ensuring a backup of all software is taken on a regular basis (The backup is to be verified, tested, and properly stored) Team: · Developing the team · Directing all related departments in terms of staffing, training, and performance evaluations · Over 15 years in finance and 5 years in accounting/finance in a 5-star hotel set up · GCC experience is a plus · Bachelor's Degree in business and/or accounting · Proficiency in verbal and written Arabic language is a must · Able to forward plan, analyze statistics and reports and deem necessary conclusions for implementation in financial planning · Good interpersonal skills with guests, business partners and staff · Experience with writing detailed financial reports and correspondence · Must 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

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