Assistant Director / Senior Manager - Finance & Accounts

Five Hotels and Resorts View all jobs

  • Dubai
  • Permanent
  • Full-time
  • 20 days ago
An Exhilarating OpportunityAre You Ready for a Daring Challenge with The World’s Hottest Luxury Hotel Group? Disruptive by Design, FIVE Hotels and Resorts is Redefining ‘FIVE-Star’ Hospitality and Setting the Gold Standard across the Industry.Join the FIVE Tribe - and Get Ready to Make Waves.The CandidateA Driven Self-Starter, you have Excellent Communication, Leadership and Organisational Skills. As an Astute Creative and Critical Thinker, you can Conceptualise and Implement Innovative Solutions in a Fast-Paced Environment. Not even the Smallest Detail Escapes Your Keen Eye and You Execute Tasks Proactively with Precision and Finesse. A ‘Can-Do!’ Attitude Coupled with An Inherent Flair for Taking Ownership Makes You a Highly Motivated Go-Getter.Your Outgoing and Approachable Nature enables you to Seamlessly Connect with other ‘FIVERs’ and key Stakeholders, ensuring that Their and Your Journey at FIVE is nothing short of Sensational. Joining our Finance Team as an Assistant Director / Senior Manager – Finance & Accounts will Empower you to deliver Exceptional Experiences across our award-winning Lifestyle Destinations. Jump on Board and Unlock your Potential in a Buzzing Environment that will take your Career to New Heights!What We’re Looking For
  • Qualified Chartered Accountant (CA), CPA, or ACCA; MBA is an added advantage.
  • 10–15 years of progressive finance and accounting leadership experience.
  • Prior exposure to hospitality, real estate, or investment holding environments preferred.
  • In-depth knowledge of IFRS, consolidation, taxation, and treasury management.
  • Strong knowledge of US GAAP and experience working with PCAOB audit requirements.
  • Proficiency in SAP and Ariba systems strongly preferred.
  • Strong analytical and problem-solving skills.
  • Excellent communication and stakeholder management capabilities.
  • High attention to detail, execution orientation, and resilience under pressure.
  • Role is based in Dubai, with periodic travel to international project sites, especially Spain (Ibiza) and the United States (New York).
  • The position offers direct exposure to senior management and cross-functional leadership opportunities.
Key ResponsibilitiesFinancial Reporting & Audit
  • Lead preparation of standalone and consolidated financial statements in line with IFRS.
  • Ensure compliance with statutory timelines and group consolidation standards.
  • Manage intercompany reconciliations and eliminations.
  • Coordinate quarterly and annual audits across all legal entities.
  • Liaise with internal and external auditors for audit readiness and completion.
  • Resolve audit findings and implement process improvements.
  • Oversee technical accounting for complex transactions, valuations, and fair value assessments.
Treasury & Cash Flow Management
  • Develop and maintain robust short- and long-term cash flow forecasts.
  • Align forecast models with operational and development cash requirements.
  • Identify and manage liquidity gaps proactively.
  • Oversee treasury operations.
  • Manage intercompany fund transfers, loan repayments, and fixed deposits.
  • Monitor and mitigate FX exposures across currencies.
  • Optimize fund utilization across entities for efficiency and yield enhancement.
Development Finance
  • Maintain accurate accounting and cost reporting for all ongoing and planned developments.
  • Track cost-to-complete, project cash flows, and payment milestones.
  • Review project budgets and actuals with development and project teams.
  • Oversee escrow and TAS accounts
  • Ensure regulatory compliance and proper documentation for fund releases.
  • Support feasibility studies with financial data, sensitivity analyses, and cash projections.
Banking & Financing
  • Manage all banking relationships and credit facilities.
  • Coordinate drawdowns, repayments, and rollover of facilities.
  • Prepare regular compliance and covenant reporting packages.
  • Ensure proper documentation and renewals of all financing arrangements.
  • Lead discussions for new funding opportunities aligned with project timelines.
Taxation & Compliance
  • Supervise VAT and Corporate Tax compliance for all group entities.
  • Oversee preparation and submission of tax returns and related filings.
  • Monitor changes in UAE and international tax regulations and ensure group compliance.
  • Manage intercompany tax alignment and transfer pricing documentation.
  • Oversee Economic Substance Regulation (ESR) and Ultimate Beneficial Ownership (UBO) filings.
Revenue Distribution & Collections
  • Oversee monthly revenue distribution to unit owners across operating properties.
  • Validate calculations, deductions, and owner statements.
  • Ensure transparent reporting and timely payments.
  • Manage collections and receivables.
  • Review customer payment plans, discount approvals, and delay fee structures.
  • Monitor aging and escalate overdue cases to management for resolution.
Internal Controls & Governance
  • Review and approve supplier payments through SAP Ariba workflows.
  • Verify supporting documentation, cost center allocations, and approvals.
  • Validate financial aspects of SPAs, lease agreements, and title deed issuances.
  • Strengthen internal controls and ensure adherence to company policies.
  • Conduct periodic reviews to ensure process integrity and segregation of duties.
International Operations Support
  • Oversee financial reporting and compliance for international entities, with focus on Spain (Ibiza) and the United States (New York).
  • Ensure alignment with local statutory requirements and group accounting policies.
  • Manage intercompany funding, reporting, and reconciliations between jurisdictions.
  • Support local management teams in establishing and monitoring finance processes.
The Team‘FIVERs’ are Cultured yet Chic, Confident yet Self-Effacing, and Work Hard to Play even Harder. As a FIVE Tribe Member, you'll Personify the distinct ‘Vibe at FIVE’ and apply it to create Insta-Perfect Experiences for our Guests that keeps them Coming Back for More. If you Dream of being surrounded by Like-Minded Individuals who share your Passion for Delivering Unforgettable Moments that last a Lifetime – then Look No Further and Unleash your Next-Level Potential.Sustainable Indulgence at FIVEFIVE is a leader in Sustainable Luxury Living and Hospitality, with its UAE-based Destinations being the first and only Hotels in the UAE to obtain the International Renewable Energy Certificates (I-REC) for achieving 100% renewable electricity for 2022. The company's Science-Meets-Styled ‘Sustainable Indulgence’ Ethos has led to a completely LEED Platinum-certified operational hospitality portfolio. FIVE Palm Jumeirah and FIVE Jumeirah Village are also 3 Star SPIRE Rated Smart Buildings. FIVE Zurich, the only LEED Platinum hotel in Switzerland, achieved an impressive 84 Points under LEED v4's BD+C and ID+C rating system, making it one of just five hotels worldwide to receive Platinum Certification. FIVE illustrates its Commitment to making ‘Sustainability without Compromise on Luxury Living’ central to its Future Vision, with FIVE LUXE already on track to acquire LEED Platinum (BD+C). These Achievements highlight FIVE’s Comprehensive and Committed Scope of Sustainability Strategy permeating Operations, Governance and Community.An Equal Opportunity EmployerThe FIVE Tribe represents over 70 nationalities across its over 1500 ‘FIVERs.’ FIVE is Committed to Hiring a Diverse and Inclusive Workforce as an Equal-Opportunity Employer. Accordingly, FIVE does not discriminate based on disability, race, age, sex, gender, sexual orientation, ethnicity, religion or belief, nationality, marital status, or any other basis protected under national or local laws. Ranked 10th on the Great Workplaces in the UAE 2023 list of Large Organizations, the FIVE Tribe is more than a group of people working together – it is a Family bonded by common Values and Goals, Celebrating People, Culture and Diversity.About FIVE Hotels and ResortsFIVE Hotels and Resorts prides itself on being Disruptively Different and Daringly Unique. Our Growing Portfolio of Lavish Destinations are the epitome of Glamour and Experiential Luxury, and currently consists of FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich and FIVE LUXE. Joining our Exceptional FIVE Tribe means you are part of a team who Breaks Boundaries and offers Unbeatable Next-Level Experiences at FIVE’s award-winning Hotels, Dining Concepts, and 360-Degree Immersive Nightlife Venues. As part of the Accomplished FIVE Tribe, you will be part of a group of High Achievers who Fearlessly Challenge Conventions on a Global Stage.Find out more here: fivehotelsandresorts.comAbout FIVE HoldingsFIVE Holdings is a vertically integrated Group, and its current Portfolio includes 3 luxury hotels in the UAE, FIVE Palm Jumeirah, FIVE Jumeirah Village and FIVE LUXE, a hotel in Switzerland, FIVE Zurich, 2 hotels in Spain, Destino Pacha and El Hotel Pacha, a nightclub in Spain, Pacha Ibiza, 2 eponymous Fashion Lines, FIVE Mode and The Pacha Collection in the UAE and Spain; as well as a range of assets that include Toy Room, and WooMoon Storytellers (Globally).FIVE’s focus is on a ‘Global Sustainable Entertainment Ecosystem,’ which is the integration of immersive entertainment with homegrown F&B concepts that results in a distinctive guest experience for an international and affluent audience of luxury-loving, eco-conscious Millennial and Gen-Z customers. The success of FIVE’s ‘Global Sustainable Entertainment Ecosystem’ is evident in its RevPAR being 1.4X, its F&B PAR being 3X and its TRevPAR being 2.1X greater than their respective competitor sets in Dubai for 2023.
Find out more here: fiveglobalholdings.com

Five Hotels and Resorts