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Director - Finance. (Hospitality) SN7

Qiddiya | القدية · Riyadh, Riyadh, Saudi Arabia

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The Cluster Director of Finance is a key member of the cluster leadership team, responsible foroverseeing all finance, accounting, treasury, procurement controls, financial planning, reporting, andgovernance functions across multiple hotels within the portfolio.Reporting to the Cluster General Manager, this role serves as a strategic business partner toownership and hotel leadership teams. The Cluster Director of Finance will play a critical rolethroughout the pre-opening, opening, stabilization, and operational phases of the hotels, ensuringsound financial management, strong governance, effective cash flow planning, and long-term valuecreation.This role combines commercial acumen, financial stewardship, and project finance expertise tosupport a portfolio of hotels with different positioning, customer segments, and operating models.The successful candidate will partner closely with ownership and hotel leadership to establish robustfinancial processes, drive profitability, manage risk, and support strategic decision-making across theportfolio.Key ResponsibilitiesStrategic Financial Leadership Develop and execute a cluster-wide financial strategy aligned with ownership objectives,business plans, and brand standard. Serve as a strategic advisor to the Cluster General Manager and hotel leadership teams onfinancial opportunities, risks, and business performance. Support business planning, investment decisions, asset enhancement initiatives, andoperational optimization across the portfolio. Establish financial governance frameworks and performance measurement systems for allproperties. Drive a culture of financial accountability, transparency, and commercial awarenessthroughout the organization.Pre-Opening Finance Management Lead all finance-related pre-opening activities across the hotel portfolio Develop and manage the Finance Pre-Opening Critical Path and readiness plan Prepare, review, and manage Pre-Opening Budgets (POB) for all hotels within the cluster Monitor pre-opening expenditures to ensure spending remains within approved budgets Establish accounting structures, chart of accounts, financial controls, approval matrices, andreporting frameworks prior to opening. Implement finance systems, purchasing controls, treasury processes, and operationalprocedures before opening. Support operational readiness reviews, opening audits, and transition planning activitiesFinancial Planning & Analysis Lead the preparation of annual budgets, business plans, forecasts, and long-range financialprojections. Consolidate financial planning across multiple hotels and operating entities Analyze revenue, operating expenses, labor costs, departmental performance, andprofitability trends. Prepare business cases and financial evaluations for operational initiatives and investmentdecisions. Support ownership with financial insights and performance analysis Identify opportunities to improve profitability, asset returns, and operational efficienciesCash Flow, Treasury & Working Capital Management Develop and manage cash flow forecasts across the hotel portfolio Monitor working capital requirements from pre-opening through stabilization Support funding requests and owner capital calls where necessary Manage treasury activities, banking relationships, and cash management processes Monitor accounts receivable, accounts payable, inventory levels, and cash conversion cycles Ensure appropriate liquidity is maintained to support business operationsAccounting, Reporting & Governance Oversee all accounting, financial reporting, audit, tax, compliance, and internal controlactivities. Ensure accurate and timely monthly, quarterly, and annual financial reporting Establish strong financial control environments across all properties Ensure compliance with corporate policies, operator standards, statutory requirements, andaccounting standards. Manage internal and external audits and ensure timely resolution of audit findings Protect the integrity and accuracy of financial recordsProcurement & Cost Control Implement financial control procedures for procurement, contracts, purchasing, andinventory management. Monitor procurement spend and ensure purchasing activities align with approved budgets Drive cost optimization initiatives while maintaining operational effectiveness Support contract reviews, tender evaluations, and supplier negotiations from a financialperspective.Owner Support Act as the primary finance business partner for ownership Prepare owner reports, cash flow forecasts, and performance updates Support owner reviews, investment analysis, and value enhancement initiatives Provide financial recommendations related to capital projects, staffing plans, commercialinitiatives, and operating strategies. Support stabilization planning and long-term asset value optimizationTeam Leadership & Talent Development Build and lead high-performing finance and accounting teams across the hotel portfolio Develop succession plans and finance talent pipelines Establish training and development programmes to strengthen financial capabilities Promote collaboration between finance, operations, commercial teams, and ownershipstakeholders. Foster a culture of accountability, continuous improvement, and business partnershipRequirementsThe Ideal CandidateThe successful candidate will be a commercially minded finance leader with a strong track record ofsupporting hotel openings, financial planning, governance, and portfolio performance.You will bring: Proven finance leadership experience within hotels, hospitality portfolios, mixed-usedevelopments, or complex service businesses. Strong pre-opening experience including POB preparation, financial system implementation,operational readiness, and opening support. Experience developing hotel budgets, long-term business plans, forecasts, and cash flowmodels. Strong understanding of hotel finance, management agreements, owner reportingrequirements. Experience supporting working capital planning, funding requests, and treasury managementactivities. Strong knowledge of financial controls, accounting standards, audits, tax compliance, andgovernance requirements. Demonstrated ability to convert financial analysis into operational and strategicrecommendations. Strong leadership, communication, and influencing skillsQualifications Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a relateddiscipline. CPA, CA, ACCA, CMA, CFA, or equivalent professional qualification preferred Minimum 10 years of progressive finance and accounting experience Minimum 5 years in a Director of Finance, Cluster Finance, or senior finance leadership role Previous hospitality experience required Multi-property or cluster finance experience preferred Proven pre-opening hotel experience strongly preferred