Finance Manager

Overview

The Finance Manager oversees the financial management and strategic direction of Aasaal operations with a focus on maximizing revenue and controlling costs across all assets. This role involves evaluating the P&L for each property, developing financial strategies, and ensuring the success of all projects in line with budget targets. The ideal candidate has international hotel experience and a background as a hotelier with expertise in financial planning and operations in the hospitality industry.

• Lead the finance function for Aasaal's portfolio, including budgeting, forecasting, financial analysis, and reporting.
• Evaluate the P&L of each hotel within Aasaal's portfolio, providing insights and recommendations to optimize revenue and control costs.
• Develop and implement financial strategies aligned with corporate goals to support the financial growth of the company's hotel assets.
• Ensure financial policies, procedures, and controls are in place, ensuring compliance with IFRS, industry standards, and local regulations.
• Support operators and internal teams with financial insights and corrective-action plans.
• Budgeting & Forecasting
  :
  Oversee the annual budgeting process for all hotels, working with hotel managers to develop realistic financial plans; provide rolling forecasts; analyze variances; align operational goals with financial objectives; develop scenarios and modelling.
• P&L Evaluation & Optimization
  :
  Lead the evaluation of the profit and loss for all hotels, providing strategies to enhance profitability and operational efficiency; identify opportunities to reduce costs and increase revenue streams.
• Cap Ex & Project Evaluation
  :
  Oversee Cap Ex planning, validate budgets, ensure projects are delivered within financial and operational targets; collaborate with relevant teams to ensure alignment with strategic goals.
• Strategic Planning & Execution
  :
  Support the Managing Director and leadership team to develop and implement Aasaal's corporate strategy, focusing on sustainable growth and long‑term profitability; identify opportunities for expansion, acquisitions, and partnerships in the hospitality sector.
• Financial Reporting & Compliance
  :
  Ensure timely and accurate preparation of financial reports (income statements, balance sheets, and cash flow) for each hotel; monitor compliance with local regulations, tax laws, and IFRS; liaise with auditors and external institutions to manage financial risks.
• Team Leadership
  :
  Lead, mentor, and develop the finance team, fostering a culture of financial accountability; collaborate with leadership, hotel managers, operations, and other departments to provide financial support and strategic guidance.

• Bachelor's degree in Finance, Accounting, Business Administration, or related field; MBA or Master's in Finance preferred.
• Professional accounting certification (e.g., CPA, ACCA, CIMA) is highly desirable.
• 10+ years of senior-level experience in financial management, with a strong background in international hotel operations.
• Proven track record of evaluating P&Ls and implementing financial strategies to optimize hotel profitability.
• Extensive knowledge of hotel financials, including budgeting, forecasting, and cost control within an international hospitality environment.
• Experience in Cap Ex management and project evaluation, ensuring alignment with budgetary goals and operational needs.
• Strong leadership and team management skills, with experience leading finance teams in the hospitality industry.
• Fluency in English required; knowledge of Arabic is a plus.