Chief Accountant

Join Red Sea Global Hospitality and become part of a team leading the change in responsible development and regenerative tourism.

Job Title:
Chief Accountant

Department: Finance

Reporting to: Finance Manager

Property: Desert Rock

Welcome to the next generation of hospitality excellence. At Red Sea Global Hospitality, we are committed to delivering exceptional guest experiences and creating an extraordinary work environment for our team members. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaboration—values that guide us in our pursuit of operational brilliance, innovative guest service, and sustainable practices. Joining us means you will be part of a forward-thinking, pioneering organization, shaping the future of luxury hospitality, and contributing to the elevation of the Red Sea Global brand.

As a Chief Accountant, your role is to support the Finance Manager in ensuring the efficient and effective management of the hotel's financial operations. You will help maintain accurate financial records, ensure compliance with accounting standards and company policies, and provide timely financial reporting to support sound business decisions.

Working closely with operational departments, corporate finance, auditors, suppliers, and external stakeholders, you will contribute to maintaining robust financial controls while supporting the financial success of the property.

At Red Sea Global Hospitality, we take great pride in representing our resorts and the Kingdom of Saudi Arabia to visitors from around the globe. We uphold a values-led culture for both our guests and our colleagues, and we collaborate closely to deliver unparalleled service excellence.

Please note that the responsibilities outlined below are not exhaustive. Red Sea Global Hospitality employees continuously innovate in caring for the needs of the business, their guests, and their colleagues. As a Chief Accountant, you will need to:

• Support the Finance Manager in overseeing daily accounting operations, ensuring financial transactions are recorded accurately and in accordance with IFRS, company policies, and hospitality accounting standards.
• Assist in the preparation of monthly, quarterly, and annual financial closing activities, ensuring all deadlines are achieved.
• Review journal entries, accruals, amortizations, and adjustments to ensure accuracy before posting.
• Monitor the integrity of the general ledger and resolve accounting discrepancies promptly.
• Assist in maintaining effective internal controls to safeguard company assets and ensure compliance with corporate policies and regulatory requirements.
• Review monthly account reconciliations, including bank, balance sheet, intercompany, and clearing accounts, ensuring timely resolution of outstanding items.
• Support VAT, tax, statutory reporting, and other regulatory compliance requirements.
• Coordinate with internal and external auditors by preparing schedules, supporting documentation, and responding to audit inquiries.

• Oversee Accounts Payable and Accounts Receivable activities to ensure timely processing of invoices, collections, and payments.
• Review supplier payments, employee reimbursements, petty cash, and expense claims for compliance with company policies.
• Monitor cash flow requirements and support daily treasury and banking activities.
• Assist in managing working capital by monitoring receivables, payables, and cash balances.

• Support the preparation of annual budgets, forecasts, and financial plans in collaboration with department heads.
• Analyze financial performance against budgets and forecasts, identifying variances and recommending corrective actions.
• Prepare financial reports, dashboards, and KPI analyses to support operational and strategic decision-making.
• Assist in identifying opportunities to improve operational efficiency and optimize costs.

• Partner with operational departments to ensure financial policies and procedures are consistently followed.
• Provide financial guidance to department heads on budgeting, purchasing, inventory control, and cost management.
• Support inventory counts, asset verification, and stock reconciliations as required.
• Assist with financial system enhancements, process improvements, and implementation of finance-related projects.
• Supervise and support members of the Finance team, providing coaching, training, and guidance to ensure high performance.
• Foster a collaborative, service-oriented, and compliance-driven working environment.
• Act on behalf of the Finance Manager during periods of absence, ensuring continuity of finance operations.

• Support hotel openings, operational transitions, and special finance projects as assigned.
• Perform additional responsibilities and cross-functional initiatives as directed by the Finance Manager or Corporate Finance leadership.