Chief Financial Officer - Based in Egypt

Salary Details

Salary Description: Competetive Salary Offered

Job Description For Chief Financial Officer - Based in Egypt

ENNISMORE

Company Description

We are looking for an ambitious CFO of Rixos Hospitality Egypt to join the Finance team at Ennismore. This is an exciting role in our growing company and will focus on leading both corporate and operational finance function for our properties and entity in Egypt

At Ennismore we like to think that we do things a little bit differently, we are a small team with big dreams. Working together and delivering what we say we will is really important to us.

Job Description

Ownership Relations

• Manage relations with owners, asset managers and shareholders.

• Establish processes for analyzing and reporting on branded hotel performance and operational efficiency.
• Develop, build support for and implement accounting/technology initiatives that align with the Company's strategies and lead to positive business results.
• Formulate strategic business plans by region and by property, and support operational tactical initiatives.
• Develop key financial performance measures that support the Company's overarching strategic direction.
• Facilitate cross-company communication to share best practices and leverage organizational resources.
• Supervise hotel finance teams
• Embrace a continuous growth environment by actively assisting in recruiting and maintaining strong financial leaders.

• Coordinate daily, monthly quarterly and annual reporting activities for the region.
• Organize and execute the region's budget process and reforecast.
• Oversee the delivery of ad-hoc financial information as requested by owners and Global C-level staff.
• Lead and review P&L revenue/expense and balance sheet reports, cash forecasts.
• Provide financial modeling and analysis in support of new business, cost savings, ROI, and key metrics.

• Support and ensure compliance with the capital request process.
• Ensure compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
• Oversee hotel-level transaction processing systems and ensure compliance with Company policies.
• Review the activities of independent auditors and assist with various external and internal audits to ensure on-going compliance.
• Create and implement best practices and standard operating procedures to enhance property controls.
• Maintain and continuously improve systems of internal control to safeguard assets across the portfolio.
• Understand and mitigate key elements of the Company's risk profile.
• Monitor and provide data pertaining to various risk/liability or legal issues involving the Company.
• Ensure that Company record keeping meets the requirements of auditors and government agencies.

• Perform other duties, as directed and as required

• Bachelor's degree in accounting or finance required, with MBA and CPA preferred.
• 15+ years of senior financial management experience with increasing responsibilities for multi-faceted direction and planning.
• Previous multi-unit/multi-entity financial executive experience in a centralized environment within the hotel industry is a must for this position.
• Extensive knowledge of business methods, financial procedures, accounting and auditing practices.
• Extensive experience with Generally Accepted Accounting Principles and uniform reporting conventions for the hotel industry.
• Ability to work in a fast-paced, deadline-conscious environment with rapidly changing priorities.
• Ability to multi-task and effectively manage numerous priorities within a fast-paced environment.
• Experience with major hospitality brands and familiarity will all brand metrics and performance criteria.
• Ability to travel periodically on behalf of the company.