An Exhilarating
Opportunity
Are 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 Candidate
A 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
Responsibilities
Financial 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 FIVE
FIVE 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
