Assistant Director of Finance

Job Number ‎23096386
Job Category Finance & Accounting
Location The Ritz-Carlton Riyadh, AlHada Area, Mekkah Road, Riyadh, Saudi
Arabia, Saudi Arabia VIEW ON MAP
Schedule Full-Time
Located Remotely? N
Relocation? N
Position Type Management

JOB SUMMARY

Develops and implements property-wide strategies that deliver products and
services to meet or exceed the needs and expectations of the brand's target
customer and property employees. The position provides the financial expertise
to enable the successful implementation of the brand service strategy and
brand initiatives while maximizing the return on investment. In addition,
creates and executes a business plan that is aligned with the property and
brand's business strategy and focuses on the execution of financial and
accounting activities and the delivery of desirable financial results.

CANDIDATE PROFILE

Education and Experience
* ‎4-year bachelor's degree in Finance and Accounting or related major; ‎1 year experience in the finance and accounting or related professional area.
OR
* Master's degree in Finance and Accounting or related major; no work experience required.

CORE WORK ACTIVITIES

Assists in Conducting Strategic Planning and Decision Making
* Assists in the development of means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
* Analyzes information, forecasts sales against expenses and creates annual budget plans.
* Compiles information, analyzes and monitors actual sales against projected sales.
* Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
* Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
* Assists in the creation of the annual operating budget for the property.
* Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
* Assists in the implementation of a system of appropriate controls to manage business risks.
* Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
* Analyzes financial data and market trends.
* Assists in the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
* Provides on going analytical support by monitoring the operating department's actual and projected sales.
* Produces accurate forecasts that enable operations to react to changes in the business.

Leading Finance & Accounting Team
* Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
* Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.
* Oversees internal, external and regulatory audit processes.
* Provides excellent leadership by assigning team members clear accountability backed by appropriate authority.
* Conducts annual performance appraisals with direct reports according to Standard Operating Procedures.

Anticipating and Delivering on the Needs of Key Stakeholders
* Attends meetings and communicating with the owners, understanding the priorities and strategic focus.
* Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
* Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
* Demonstrates an understanding of cash flow and owner priorities.
* Manages communication with owners in an effective manner.
* Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
* Facilitates critique meetings to review information with management team.

Developing and Maintaining Finance and Accounting Goals
* Ensures Profits and Losses are documented accurately.
* Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
* Submits reports in a timely manner, ensuring delivery deadlines.
* Develops and supports achievement of performance goals, budget goals, team goals, etc.
* Improves profit growth in operating departments.
* Reviews audit issues to ensure accuracy.

Managing Projects and Policies
* Generates and provides accurate and timely results in the form of reports, presentations, etc.
* Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs.
* Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
* Ensures compliance with management contract and reporting requirements.
* Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
* Ensures compliance with Standard Operating Procedures (SOPs).

Managing and Conducting Human Resource Activities
* Ensures team members are cross-trained to support successful daily operations.
* Ensures property policies are administered fairly and consistently.
* Ensures new hires participate in the department's orientation program.
* Ensures new hires receive the appropriate new hire training to successfully perform their job.
* Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.
* Conducts performance review process for employees
* Participates in hiring activities as appropriate.

Marriott International is an equal opportunity employer. We believe in hiring
a diverse workforce and sustaining an inclusive, people-first culture. We are
committed to non-discrimination on any protected basis, such as disability and
veteran status, or any other basis covered under applicable law.

At more than ‎100 award-winning properties worldwide, The Ritz-Carlton Ladies
and Gentlemen create experiences so exceptional that long after a guest stays
with us, the experience stays with them. As the premier worldwide provider of
luxury experiences, we set the standard for rare and special luxury service
the world over. We invite you to explore The Ritz-Carlton.