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Deputy Director of Finance

St. Regis Hotels & Resorts

Posted on July 15, 2019

1 - 2 years Abu Dhabi - United Arab Emirates

Any Nationality

Opening 01

Job Description

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Main Responsibilities
• In conjunction with Director of Finance the incumbent will motivate staff and identifying appropriate training courses for staff and suggest ways to improve hotel operations.
•Preparing and reviewing regularly the continuity/development Program for those accounting office staff members reporting directly to the Director of Finance.
•Attend to the daily administration of the accounting office and identify and resolve problems in conjunction with respective members of staff.
•To liaise with other Department Heads regarding their performance against budget and provide them with information and training as required.
•Participate in the taking of all inventories and verification of extensions.
•Reviewing and verifying accounts payable input and output, accounts receivable posting and billing.
•Maintain cash control over receipts, house banks, bank account reconciliation and submitting required data to the Home Office.
•Maintaining control over the accounting function, to include:
•Preparation and review of information to be posted to subsidiary and General Ledgers.
•Reconciliation of general Ledger account balances.
•Analysis of operating ledger accounts balances.
•Closing ledgers and preparation of month end reports.
•Ensuring that all financial transactions are recorded in accordance with accepted accounting principles and established St Regis policies and procedures.
•Supervise and coordinate the month-end close to ensure timely compliance to reporting timetable.
•Signing (Supervise) cheques and ensuring A/P has reviewed authority and coded correctly.
•Control (including monthly reconciliation) of replacement reserve account.
•Review of travel agency commission payments.
•Ensure all inter-company accounts reconcile both receivables and payable. Includes Management fees to SW.
•Ensure all Balance Sheet subsidiary ledgers reconcile to general Ledger and review of journals posted by income Auditor.
•Ensuring A/R maintains tight control over average age of debtors and if necessary instigating credit meetings.
•Together with Director of Finance, monitor cash flow.
•Producing forecasts and assisting in preparation of fiscal budgets and re-forecasts.
•Coordinate and prepare the Three Month Outlook / Forecast.
• Participate in the preparation of budgets, re-forecasts and strategic plans.
• Prepare cash flow forecasts / projections.
• Preparing and/or reviewing daily, weekly and monthly reports in accordance with reporting calendars, ensuring that all reports for which the Deputy Director of Finance is responsible are submitted on a timely basis.
• Assisting Director of Finance in preparation of special analysis as may be requested by hotel Operations team members.
• To prepare management reports as required.
• Prepare any necessary project status summary and additions/disposals to owners fixed asset schedule reports.
• Assist with F & B quarterly reports.
• To assist in monitoring of operating department s compliance to corporate and internal policies and procedures, and to implement new policies and procedures where necessary.
• To ensure that all corporate reporting requirements and code of ethics are adhered to.
• Ensuring correct taxes/ fees are being paid.
• Reviewing tenants and lessees leases and rent reports, maintaining both at current status and auditing their annual financial returns.
• Reviewing hotel management contract to ensure compliance.
• Knowledge of computer system contingency plans
• Deputize as the Director of Finance as and when required.
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.


Hotels / Hospitality

Finance / Treasury

Keywords

Deputy Director of Finance

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St. Regis Hotels & Resorts

Founded by J. Willard and Alice Marriott in 1927, Marriott International, Inc. is a leading global lodging company headquartered in Washington, DC in Bethesda, Maryland. It has over 6,000 properties in nearly 122 countries- Middle East & Africa (245 properties, 29 countries), Europe (512 properti es, 37 countries), United States & Canada ( 4,526 properties, 2 countries), Caribbean & Latin America (225 properties, 33 countries), and Asia-Pacific (572 properties, 21 countries). Marriott International, a FORTUNE 500 Company, started its operations in the Middle East in 1980 with Riyadh Marriott Hotel in Saudi Arabia.





Marriott’s portfolio of brands includes JW Marriott and Marriott Hotels, the flagship brand of Marriott with over 500 international locations, along with the other 30 brands. The ever-evolving and award-winning brands of the organization continue to bring in customer satisfaction by offering exceptional amenities and attentive guest care that sets the industry standards. Known as one of the ‘best employers’, Marriott maintains a work culture that puts its people first. The organization offers excellent benefits and career paths that help its employees to grow professionally and personally. Marriott International promotes innovation, diversity, teamwork and a thriving culture. Marriott International’s merger with Starwood Hotels & Resorts has strengthened its position as the best travel company in the world.



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