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  4. Cluster Director of Finance

Cluster Director of Finance

  • Qiddiya Investment Company
  • Riyadh, Saudi Arabia
  • Posted 13 Oct
  • Verified source
Job type
—
Work mode
On-site
Seniority
Director
Salary
Not stated

Summary

Qiddiya Investment Company is seeking a Cluster Director of Finance to lead financial management across multiple hotels in Riyadh. The role covers pre-opening finance, budgets and forecasts, treasury and cash flow, accounting, reporting, governance, procurement controls, and owner support. The successful candidate will have hospitality finance leadership experience, including hotel pre-openings and financial systems implementation, and at least 10 years of progressive finance experience, with five years in a senior finance leadership role. A bachelor's degree in a relevant discipline is required; a professional finance qualification is preferred.

The posting

As published on qiddiya.com. Pulled from the employer's site and shown as they wrote it.

The Cluster Director of Finance is a key member of the cluster leadership team, responsible for

overseeing all finance, accounting, treasury, procurement controls, financial planning, reporting, and

governance functions across multiple hotels within the portfolio.

Reporting to the Cluster General Manager, this role serves as a strategic business partner to

ownership and hotel leadership teams. The Cluster Director of Finance will play a critical role

throughout the pre-opening, opening, stabilization, and operational phases of the hotels, ensuring

sound financial management, strong governance, effective cash flow planning, and long-term value

creation.

This role combines commercial acumen, financial stewardship, and project finance expertise to

support a portfolio of hotels with different positioning, customer segments, and operating models.

The successful candidate will partner closely with ownership and hotel leadership to establish robust

financial processes, drive profitability, manage risk, and support strategic decision-making across the

portfolio.

Key Responsibilities

Strategic Financial Leadership

• Develop and execute a cluster-wide financial strategy aligned with ownership objectives,

business plans, and brand standard.

• Serve as a strategic advisor to the Cluster General Manager and hotel leadership teams on

financial opportunities, risks, and business performance.

• Support business planning, investment decisions, asset enhancement initiatives, and

operational optimization across the portfolio.

• Establish financial governance frameworks and performance measurement systems for all

properties.

• Drive a culture of financial accountability, transparency, and commercial awareness

throughout the organization.

Pre-Opening Finance Management

• Lead all finance-related pre-opening activities across the hotel portfolio.

• Develop and manage the Finance Pre-Opening Critical Path and readiness plan.

• Prepare, review, and manage Pre-Opening Budgets (POB) for all hotels within the cluster.

• Monitor pre-opening expenditures to ensure spending remains within approved budgets.

• Establish accounting structures, chart of accounts, financial controls, approval matrices, and

reporting frameworks prior to opening.

• Implement finance systems, purchasing controls, treasury processes, and operational

procedures before opening.

• Support operational readiness reviews, opening audits, and transition planning activities.

Financial Planning & Analysis

• Lead the preparation of annual budgets, business plans, forecasts, and long-range financial

projections.

• Consolidate financial planning across multiple hotels and operating entities.

• Analyze revenue, operating expenses, labor costs, departmental performance, and

profitability trends.

• Prepare business cases and financial evaluations for operational initiatives and investment

decisions.

• Support ownership with financial insights and performance analysis.

• Identify opportunities to improve profitability, asset returns, and operational efficiencies.

Cash Flow, Treasury & Working Capital Management

• Develop and manage cash flow forecasts across the hotel portfolio.

• Monitor working capital requirements from pre-opening through stabilization.

• Support funding requests and owner capital calls where necessary.

• Manage treasury activities, banking relationships, and cash management processes.

• Monitor accounts receivable, accounts payable, inventory levels, and cash conversion cycles.

• Ensure appropriate liquidity is maintained to support business operations.

Accounting, Reporting & Governance

• Oversee all accounting, financial reporting, audit, tax, compliance, and internal control

activities.

• Ensure accurate and timely monthly, quarterly, and annual financial reporting.

• Establish strong financial control environments across all properties.

• Ensure compliance with corporate policies, operator standards, statutory requirements, and

accounting standards.

• Manage internal and external audits and ensure timely resolution of audit findings.

• Protect the integrity and accuracy of financial records.

Procurement & Cost Control

• Implement financial control procedures for procurement, contracts, purchasing, and

inventory management.

• Monitor procurement spend and ensure purchasing activities align with approved budgets.

• Drive cost optimization initiatives while maintaining operational effectiveness.

• Support contract reviews, tender evaluations, and supplier negotiations from a financial

perspective.

Owner Support

• Act as the primary finance business partner for ownership.

• Prepare owner reports, cash flow forecasts, and performance updates.

• Support owner reviews, investment analysis, and value enhancement initiatives.

• Provide financial recommendations related to capital projects, staffing plans, commercial

initiatives, and operating strategies.

• Support stabilization planning and long-term asset value optimization.

Team Leadership & Talent Development

• Build and lead high-performing finance and accounting teams across the hotel portfolio.

• Develop succession plans and finance talent pipelines.

• Establish training and development programmes to strengthen financial capabilities.

• Promote collaboration between finance, operations, commercial teams, and ownership

stakeholders.

• Foster a culture of accountability, continuous improvement, and business partnership.

Requirements

The Ideal Candidate

The successful candidate will be a commercially minded finance leader with a strong track record of

supporting hotel openings, financial planning, governance, and portfolio performance.

You will bring:

• Proven finance leadership experience within hotels, hospitality portfolios, mixed-use

developments, or complex service businesses.

• Strong pre-opening experience including POB preparation, financial system implementation,

operational readiness, and opening support.

• Experience developing hotel budgets, long-term business plans, forecasts, and cash flow

models.

• Strong understanding of hotel finance, management agreements, owner reporting

requirements.

• Experience supporting working capital planning, funding requests, and treasury management

activities.

• Strong knowledge of financial controls, accounting standards, audits, tax compliance, and

governance requirements.

• Demonstrated ability to convert financial analysis into operational and strategic

recommendations.

• Strong leadership, communication, and influencing skills.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related

discipline.

• CPA, CA, ACCA, CMA, CFA, or equivalent professional qualification preferred.

• Minimum 10 years of progressive finance and accounting experience.

• Minimum 5 years in a Director of Finance, Cluster Finance, or senior finance leadership role.

• Previous hospitality experience required.

• Multi-property or cluster finance experience preferred.

• Proven pre-opening hotel experience strongly preferred.

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Closing date

dayshrsminsec

No closing date at the source

The employer's site doesn't give one, so this job can close any day. Check the posting before you count on it.

Check the posting on qiddiya.com

Skills

  • ACCA
  • CPA
  • Financial Reporting
  • Treasury Management

Qiddiya Investment Company

Real estate and entertainment

All jobs at Qiddiya Investment Company

ReferenceGH 83CE 0312 F784

Always check the employer's original posting for details.

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Cluster Director of Finance

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