Financial Reporting Executive - Hospitality

Over the past two decades, The First Group has forged a reputation as one of the hospitality industry’s leading innovators, providing groundbreaking investment opportunities to clients and partners, while delivering exceptional, memorable experiences to hotel and leisure guests.

Our corporate ethos and unique vision for the future of hospitality is encapsulated in our fast-growing portfolio of award-winning hotels and residences, exciting F&B outlets and lifestyle venues, and delivered through our array of complementary third-party hotel and asset management services.

Core to our vision for the future of hospitality is The First Collection, our award-winning hotel brand that reflects the rich culture, innovative spirit, and unparalleled refinement for which Dubai is famous for.

The First Collection’s urban lifestyle resorts, situated in prime locations across Dubai, are renowned for their unique blend of world-class hospitality and modern flair, as well as their cutting-edge guest facilities and services, which include exclusive access to the stunning Soluna Restaurants and Beach Club, located on the world-famous Palm Jumeirah.

Every hotel in our fast-growing portfolio reflects our ambition to capture the essence of urban living, blending it seamlessly with the tranquillity of a serene getaway.

The First Collection echoes the city’s heartbeat, ensuring all our guests are made to feel a part of the magnificent tapestry of Dubai, the world’s most exciting metropolis.

The Financial Reporting Executive develops automated financial reports utilising the Sun Systems Q&A Reporting Tool, develops dynamic and automated budget and forecast financial models, provides accurate month end financial reports consolidation, any other assigned ad hoc reports and analysis by the Group Director of Finance, and researching and analysing financial information to help the Group make well informed decisions, write reports and monitor financial movements.

• Consolidate and analyse financial data (budgets, income statement, forecasts, etc) taking into account Group’s goals and financial standing
• Assist the hotel and F&B teams with the development, review and upload of all budgets and forecasts
• Provide creative alternatives and recommendations to reduce costs and improve financial performance
• Assemble and summarize data to structure sophisticated reports on financial status and risks
• Develop financial models, conduct benchmarking and process analysis
• Conduct business studies on past, future and comparative performance and develop forecast models
• Identify trends, advise and recommend actions to the Hospitality leadership team based on sound analysis
• Track and determine financial status by analysing actual results in comparison with forecasts
• Reconcile transactions by comparing and correcting data
• Gain and update job knowledge to remain informed about current and future industry trends
• Communicate with a wider audience outside of Finance including department leadership. Influence company leadership through the presentation of accurate and reliable data
• Drive process improvement and policy development initiatives that impact the function
• Prepare financial analysis models for all potential initiatives and measure results after implementation
• Research and report on financial actual result variances against budget and forecast Identify areas of opportunity for cost reducing or revenue generating initiatives/best practices
• Prepare monthly and quarterly consolidated financial and operational reports for HMC and F&B
• Prepare monthly consolidated cash flow for the hotels
• Be the lead in the financial system implementations for the upcoming projects and openings
• Continue managing the relationship with the OA managers
• Continue managing our insurance programs with the CCO

Desired Skills & Expertise:

• Hands on experience with statistical analysis and statistical packages
• Knowledge of financial forecasting and diagnosis, corporate finance and information analysis
• Well informed in current financial subjects, accounting, tax laws, money market and business environments

Soft Skills

• Outstanding presentation, reporting and communication skills
• Well informed in current financial subjects, accounting, tax laws, money market and business environments

Preferred Computer Proficiency:
• Sun Systems Financials
• Sun Systems Q&A Reporting Tool
• VBA Coding
• Advanced Excel and MS Office applications
• Power BI