Finance Executive (AR/Income)

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 Finance Executive (AR/Income) is responsible for managing the hotel’s accounts receivable process, ensuring that all revenue is accurately recorded and collected in a timely manner. This role involves overseeing guest and corporate billing, reconciling income accounts, and providing financial reporting to ensure the hotel’s revenue cycle runs smoothly. The Finance Executive plays a key role in maintaining strong cash flow and financial integrity.

Key Responsibilities:

• Manage all guest and corporate accounts receivable, ensuring accurate invoicing and prompt collection.
• Review and reconcile outstanding accounts, ensuring timely follow-up on overdue payments.
• Process and record all incoming payments, ensuring correct allocation to the appropriate accounts.
• Ensure the accurate posting of daily revenues from all hotel departments, including rooms, food and beverage, and other services.
• Reconcile daily income and ensure that all revenue entries align with the hotel’s financial systems.
• Assist in the preparation of monthly revenue reports and assist with month-end closing processes.
• Prepare and issue invoices for corporate clients, group bookings, and long-staying guests.
• Maintain accurate records of billing, payments, and credit notes.
• Ensure that all billing is in compliance with hotel policies and corporate agreements.
• Review credit limits for corporate clients and ensure that accounts remain within approved credit terms.
• Coordinate with the Sales and Reservations teams to ensure accurate billing for group events, conferences, and special bookings.
• Assist in preparing daily, weekly, and monthly financial reports related to income and accounts receivable.
• Provide management with detailed reports on outstanding receivables and aging reports to assist with cash flow management.
• Highlight any discrepancies or unusual patterns in income and accounts receivable.
• Work closely with the Front Office, Sales, and Reservations teams to resolve any billing issues or discrepancies.
• Communicate effectively with clients to clarify invoices and address any payment concerns.
• Ensure compliance with accounting standards, hotel policies, and local regulations regarding billing and revenue collection.
• Assist with the preparation for internal and external audits, providing necessary documentation and supporting materials.

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• 2-3 years of experience in accounts receivable or income auditing, preferably within the hospitality industry.
• Familiarity with hotel management systems (e.g., Opera, Micros) and accounting software is a plus.

Skills:

• Strong attention to detail and accuracy in financial processing and reporting.
• Excellent communication and interpersonal skills to interact with internal teams and clients.
• Strong organizational and time management skills.