Residential Finance Manager - Four Seasons Resort at The Red Sea, Saudi Arabia
- السعودية
- دائم
- دوام كامل
- Monitor the status of the Accounts Receivable aging and billing collection of service charges and other charges as aligned with the governing documents and local standards while maintaining adequate cash flow.
- In conjunction with the Corporate Risk Management team, ensure that adequate insurance coverage is procured on both a global and local basis.
- Prepare allocation methodology between residences and common areas in accordance with governing documents, local legislation and common practice in the marketplace for a similar level of luxury residential developments.
- Ensure that monthly reconciliations for all balance sheet accounts are prepared and signed off in accordance with policy, with special attention paid to the bank accounts.
- Review all purchase orders for alignment with service charge budget.
- Prepare the annual service charge budget
- Attend/present at Board and/or Member meetings.
- Prepare all sales and use tax returns and any other reporting that is required by local legislation on time and accurately.
- Maintain a capital reserve account for the replacement of FF&E, plant and machinery and be actively involved in the longer-term planning for the replacement of the infrastructure as appropriate and/or in compliance with the governing documents including a third party reserve study if applicable.
- Monitor and control expenses of the residences to ensure that the service charge budget is always respected.
- Preparation of comprehensive monthly report of the entire financial results of the residences in established corporate formats and in accordance with the governing documents, Four Seasons Management Agreements and generally accepted accounting principles.
- Ensure that financial statements, corporation tax returns, etc. are prepared and completed by a third-party audit firm, in accordance with local requirements.
- Assist with labour meetings and ensure labour model is efficient and appropriate for residence occupancy throughout the year.
- Maintain files on all contracts, leases and agreements and ensure compliance with their requirements, ensure proper authorisation has been obtained for all residence specific contracts, and other agreements and competitive bids are on file.
- Proactively suggest ways to reduce costs and look to implement such savings on an on-going basis.
- Coordinate, observe and prepare all operating equipment and supply inventories in accordance with corporate policies.
- Maintain internal controls and financial procedures that align with organizational policies and industry best practices.
- Working technical knowledge of generally accepted accounting principles and job knowledge of all positions in accounting and purchasing. These should include but not limited to accounts payable, credit management, cashiering function, and complete understanding of the general ledger.
- Strategic, analytical and have solid business acumen.
- Strong reading comprehension and competency in legal language reading comprehension.
- Excellent excel and computer skills, Sun Accounting and Opera knowledge would be preferable.
- Proven leadership skills in a residences/hotel/resort environment.
- Excellent written and verbal communication skills to prepare and deliver reports, effective presentations and to facilitate meetings.
- Applies an ethical and moral approach to influence the outcome of situations.
- Serve as a role model for others by demonstrating appropriate business conduct and ethical principles
- Strong interpersonal and relationship building skills to work with cross-functional teams negotiate for resources and influence stakeholders and to gain acceptance of and commitment to plans, ideas, and initiatives as appropriate.
- University Degree - Bachelor’s degree in finance, Accounting, Business Administration, or a related field (master’s preferred).
- Minimum of 5 years of progressive financial management experience, preferably in residential, or nonprofit settings.
- Director of Residences
- Regional Director of Finance/Director of Finance
- Residences Owners/Asset Managers
- Homeowner Associations (where applicable)
- Third Party Professionals – Bankers, Lawyers, Auditors etc