Director of Finance

Raffles Hotels & Resorts

The Birthplace of stories and legends since 1887, Raffles is a legendary brand, steeped in history and loved by generations past, present and future.  Raffles, at distinguished landmark addresses around the world, is the vibrant heart of its destination, curating experiences that are culturally enriching, intellectually stimulating and always respectful of local communities, heritage and the environment.

About Raffles The Palm

Opened in 2021 on the western crescent of Palm Jumeirah, the world’s largest man-made island and archipelago, this palatial beach resort, featuring 340 spacious rooms, suites and villas, is inspired by the stunning elegance of European palaces and embellished with handcrafted Italian furniture. Guests can enjoy panoramic views, a private beach, state-of-the-art entertainment and recreational facilities, including specialist boutiques, a VIP movie theatre, and signature and private restaurants complemented by exquisite banqueting and conference spaces.

More than a destination, Raffles the Palm Dubai embodies the spirit of a legendary brand, celebrated for its storied heritage since 1887 and its hallmark of intuitive, gracious service. At the palace, excellence is a craft, and every team member is a master in their field. Here, talent is not only recognized, it plays a vital role in shaping the next chapter of this extraordinary resort and its legacy within the brand.

We invite you to join the world of luxury hospitality at Raffles The Palm as our new Director of Finance. Reporting directly to the Regional Vice President & Managing Director, you will lead the hotel’s Finance function, ensuring sound financial management and operational efficiency while supporting a culture of service excellence. By planning, organizing, directing, and controlling all Accounting & Finance policies and procedures, you will ensure alignment with Accor and Raffles standards and contribute to an exceptional guest experience.

Key Responsibilities

• Develop and implement the hotel’s financial planning and budgeting process, in alignment with the hotel’s strategic goals and objectives.
• Monitor and review budget performance regularly, identifying areas for improvement and cost-saving opportunities.
• Prepare and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other financial metrics to the hotel’s management and ownership.
• Analyse financial data to provide insights into the hotel’s performance and make strategic recommendations for improvement.  
• Work closely with the revenue management team to set room rates and optimize revenue through effective pricing strategies.
• Monitor and analyse revenue streams from various hotel operations, such as room revenue, food and beverage, and other ancillary services.
• Implement cost control measures to manage expenses efficiently without compromising on service quality and guest satisfaction.
• Review and approve expenditures, ensuring compliance with budgetary guidelines and procurement procedures.
• Oversee the financial operation of the hotel.
• Co-ordinate an effective and efficient Payroll Management/Resource allocation through establishing a flexible work force throughout the Division, based on the principles of multi-skilling and multi-tasking.
• Ensure compliance with all relevant financial regulations, accounting standards, and local tax laws.
• Coordinate and liaise with external auditors during the hotel’s annual audit process.
• Oversee cash flow management and maintain adequate cash reserves to meet operational needs.https://careers.accor.com/global/en/job/director-of-finance-in-raffles-the-palm-dubai-dubai-united-arab-emirates-jid-100144