Chief Accountant

Join Red Sea Global Hospitality and become part of a team leading the change in responsible development and regenerative tourism.Job Title: Chief AccountantDepartment: FinanceReporting to: Finance ManagerProperty: Desert RockAbout UsWelcome to the next generation of hospitality excellence. At Red Sea Global Hospitality, we are committed to delivering exceptional guest experiences and creating an extraordinary work environment for our team members. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaboration—values that guide us in our pursuit of operational brilliance, innovative guest service, and sustainable practices. Joining us means you will be part of a forward-thinking, pioneering organization, shaping the future of luxury hospitality, and contributing to the elevation of the Red Sea Global brand.The RoleAs a Chief Accountant, your role is to support the Finance Manager in ensuring the efficient and effective management of the hotel's financial operations. You will help maintain accurate financial records, ensure compliance with accounting standards and company policies, and provide timely financial reporting to support sound business decisions.Working closely with operational departments, corporate finance, auditors, suppliers, and external stakeholders, you will contribute to maintaining robust financial controls while supporting the financial success of the property.At Red Sea Global Hospitality, we take great pride in representing our resorts and the Kingdom of Saudi Arabia to visitors from around the globe. We uphold a values-led culture for both our guests and our colleagues, and we collaborate closely to deliver unparalleled service excellence.Key Areas of Responsibilities:Please note that the responsibilities outlined below are not exhaustive. Red Sea Global Hospitality employees continuously innovate in caring for the needs of the business, their guests, and their colleagues. As a Chief Accountant, you will need to:Financial Operations & ReportingSupport the Finance Manager in overseeing daily accounting operations, ensuring financial transactions are recorded accurately and in accordance with IFRS, company policies, and hospitality accounting standards.Assist in the preparation of monthly, quarterly, and annual financial closing activities, ensuring all deadlines are achieved.Review journal entries, accruals, amortizations, and adjustments to ensure accuracy before posting.Monitor the integrity of the general ledger and resolve accounting discrepancies promptly.Financial Controls & ComplianceAssist in maintaining effective internal controls to safeguard company assets and ensure compliance with corporate policies and regulatory requirements.Review monthly account reconciliations, including bank, balance sheet, intercompany, and clearing accounts, ensuring timely resolution of outstanding items.Support VAT, tax, statutory reporting, and other regulatory compliance requirements.Coordinate with internal and external auditors by preparing schedules, supporting documentation, and responding to audit inquiries.Accounts Payable, Receivable & Cash ManagementOversee Accounts Payable and Accounts Receivable activities to ensure timely processing of invoices, collections, and payments.Review supplier payments, employee reimbursements, petty cash, and expense claims for compliance with company policies.Monitor cash flow requirements and support daily treasury and banking activities.Assist in managing working capital by monitoring receivables, payables, and cash balances.Budgeting & Financial AnalysisSupport the preparation of annual budgets, forecasts, and financial plans in collaboration with department heads.Analyze financial performance against budgets and forecasts, identifying variances and recommending corrective actions.Prepare financial reports, dashboards, and KPI analyses to support operational and strategic decision-making.Assist in identifying opportunities to improve operational efficiency and optimize costs.Operational Finance SupportPartner with operational departments to ensure financial policies and procedures are consistently followed.Provide financial guidance to department heads on budgeting, purchasing, inventory control, and cost management.Support inventory counts, asset verification, and stock reconciliations as required.Assist with financial system enhancements, process improvements, and implementation of finance-related projects.Team Leadership & DevelopmentSupervise and support members of the Finance team, providing coaching, training, and guidance to ensure high performance.Foster a collaborative, service-oriented, and compliance-driven working environment.Act on behalf of the Finance Manager during periods of absence, ensuring continuity of finance operations.Ad Hoc DutiesSupport hotel openings, operational transitions, and special finance projects as assigned.Perform additional responsibilities and cross-functional initiatives as directed by the Finance Manager or Corporate Finance leadership.Key QualificationsEducation and ExperienceBachelor's degree in Accounting, Finance, or a related field.Professional accounting certification (e.g., SOCPA, CPA, ACCA, CMA, ACA, or CA) is preferred.Minimum of 5–7 years of finance and accounting experience, including at least 2 years in a supervisory or Assistant Finance Manager role within the hospitality industry.Experience in luxury hotels, resorts, or internationally branded hospitality companies is highly desirable. Experience in Saudi Arabia or the GCC region is an advantage.Strong knowledge of IFRS, budgeting, financial reporting, month-end closing, and internal controls.Experience with accounts payable, accounts receivable, general ledger, bank reconciliations, cash management, and financial analysis.Good understanding of Saudi Arabian VAT, Zakat (where applicable), and statutory reporting requirements.Proficiency in ERP and hospitality finance systems (e.g., Oracle, SAP, SunSystems, Microsoft Dynamics, or similar). Experience with Oracle OPERA PMS is an advantage.Advanced Microsoft Excel skills with the ability to analyze financial data and prepare management reports.Strong leadership, communication, organizational, and problem-solving skills, with a high level of integrity and attention to detail.In Return,What We OfferExciting opportunities for personal and professional development at all levels, featuring targeted development programs aimed at equipping you for your next career move.Competitive compensation package.Access to exclusive perks, complimentary nights, and benefits within Red Sea Global Hospitality.Health Insurance coverage whilst in service.A supportive and inclusive work environment that values diversity and collaboration.Employee Recognition Programmes.Accessibility and AdjustmentsWe welcome all applicants and are keen to ensure our employees reflect the diversity of the Kingdom of Saudi Arabia and the communities we serve. We are committed to providing reasonable adjustments throughout our recruitment process and we’ll always endeavor to be as accommodating as possible. If you would like to discuss any specific requirements, please get in touch with us.Red Sea Global Hospitality is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage individuals from all backgrounds to apply.