Director / Assistant Director Finance & Accounts Five Hotels and Resorts

1. Financial Reporting & Audit

• Lead preparation of standalone and consolidated financial statements in line with IFRS.
• Ensure compliance with statutory timelines and group consolidation standards.
• Manage intercompany reconciliations and eliminations.
• Coordinate quarterly and annual audits across all legal entities.
• Liaise with internal and external auditors for audit readiness and completion.
• Resolve audit findings and implement process improvements.
• Oversee technical accounting for complex transactions, valuations, and fair value assessments.

2. Treasury & Cash Flow Management

• Develop and maintain robust short- and long-term cash flow forecasts.
• Align forecast models with operational and development cash requirements.
• Identify and manage liquidity gaps proactively.
• Oversee treasury operations.
• Manage intercompany fund transfers, loan repayments, and fixed deposits.
• Monitor and mitigate FX exposures across currencies.
• Optimize fund utilization across entities for efficiency and yield enhancement.

3. Development Finance

• Maintain accurate accounting and cost reporting for all ongoing and planned developments.
• Track cost-to-complete, project cash flows, and payment milestones.
• Review project budgets and actuals with development and project teams.
• Oversee escrow and TAS accounts Ensure regulatory compliance and proper documentation for fund releases.
• Support feasibility studies with financial data, sensitivity analyses, and cash projections.

4. Banking & Financing

• Manage all banking relationships and credit facilities.
• Coordinate drawdowns, repayments, and rollover of facilities.
• Prepare regular compliance and covenant reporting packages.
• Ensure proper documentation and renewals of all financing arrangements.
• Lead discussions for new funding opportunities aligned with project timelines.

5. Taxation & Compliance

• Supervise VAT and Corporate Tax compliance for all group entities.
• Oversee preparation and submission of tax returns and related filings.
• Monitor changes in UAE and international tax regulations and ensure group compliance.
• Manage intercompany tax alignment and transfer pricing documentation.
• Oversee Economic Substance Regulation (ESR) and Ultimate Beneficial Ownership (UBO) filings.

6. Revenue Distribution & Collections

• Oversee monthly revenue distribution to unit owners across operating properties.
• Validate calculations, deductions, and owner statements.
• Ensure transparent reporting and timely payments.
• Manage collections and receivables.
• Review customer payment plans, discount approvals, and delay fee structures.
• Monitor aging and escalate overdue cases to management for resolution.

7. Internal Controls & Governance

• Review and approve supplier payments through SAP Ariba workflows.
• Verify supporting documentation, cost center allocations, and approvals.
• Validate financial aspects of SPAs, lease agreements, and title deed issuances.
• Strengthen internal controls and ensure adherence to company policies.
• Conduct periodic reviews to ensure process integrity and segregation of duties.

8. International Operations Support

• Oversee financial reporting and compliance for international entities, with focus on Spain (Ibiza).
• Ensure alignment with local statutory requirements and group accounting policies.
• Manage intercompany funding, reporting, and reconciliations between jurisdictions.
• Support local management teams in establishing and monitoring finance processes.