Purpose of the role:
The Owner is seeking a motivated and technically strong Senior Accountant at Sofitel Dubai the Palm. The role supports both hotel-level operations and corporate/ owner reporting requirements for the investment entity and its holding companies. The incumbent will be responsible for full-cycle financial reporting compliance audit coordination and support on tax and financing matters ensuring adherence to IFRS and UAE regulatory standards.
Responsible for:
Financial
- Manage and oversee the end-to-end financial reporting of the hotel investment entity and holding companies ensuring full compliance with IFRS owner requirements and UAE regulatory standards
- Coordinate and assist with the annual external audit and tax reporting processes with auditors and advisors ensuring complete accurate and timely submissions
- Monitor cash flow and liquidity manage capital calls and distributions and ensure accurate and timely execution of payment instructions
- Review management-fee / performance-fee / incentive fee calculations under the Hotel Management Agreement and ensure correct accounting treatment
- Work with the hotel finance team on monthly trial balance reviews and preparation of supporting schedules for payables receivables fixed assets borrowings provisions and other key accounts
- Oversee VAT Corporate Tax and other regulatory filings ensuring full compliance accuracy and timeliness
- Maintain the Fixed Asset Register recording additions disposals and depreciation and reconciling regularly with hotel operations
- Ensure adherence to accounting policies internal controls and documentation standards so that all files remain audit-ready and internally reviewed
- Compile and analyse financial and operating data for quarterly presentations submitted to different stakeholders
- Debt reporting prepare and maintain loan drawdown and repayment schedules monitor covenant compliance and coordinate with banks for information requests and the internal capital markets team for refinancing activities
- Build and maintain relationships with auditors external advisors lenders and service providers to ensure smooth financial operations
- Support special projects such as capex tracking and reviews system or process improvements to enhance financial efficiency and control.
Qualifications :
Education & professional background
- Must be a Chartered Accountant (ACCA ACA CPA or equivalent)
- 8 - 10 years of relevant post qualification experience in financial reporting audit or compliance roles.
- Deep understanding of IFRS (mandatory) and Ind-AS (preferred)
- Hospitality industry experience strongly preferred
Technical Expertise
- In-depth understanding of IFRS and complex group consolidations
- Expert knowledge of UAE VAT Corporate Tax and related regulatory compliance requirements
- Advanced proficiency in Microsoft Excel and familiarity with ERP / consolidation systems
Soft Skills & Working Style
- Capable of working independently in an individual-contributor role while effectively engaging with senior management
- Strong analytical and critical thinking skills; with exceptional attention to detail
- Comfortable in a fast-paced dynamic environment with multiple deadlines
- Excellent leadership communication and stakeholder management skills with the ability to streamline reporting processes and influence decision-making
- Outstanding written and verbal communication skills
Remote Work :
No
Employment Type :
Full-time
Purpose of the role: The Owner is seeking a motivated and technically strong Senior Accountant at Sofitel Dubai the Palm. The role supports both hotel-level operations and corporate/ owner reporting requirements for the investment entity and its holding companies. The incumbent will be responsible f...
Purpose of the role:
The Owner is seeking a motivated and technically strong Senior Accountant at Sofitel Dubai the Palm. The role supports both hotel-level operations and corporate/ owner reporting requirements for the investment entity and its holding companies. The incumbent will be responsible for full-cycle financial reporting compliance audit coordination and support on tax and financing matters ensuring adherence to IFRS and UAE regulatory standards.
Responsible for:
Financial
- Manage and oversee the end-to-end financial reporting of the hotel investment entity and holding companies ensuring full compliance with IFRS owner requirements and UAE regulatory standards
- Coordinate and assist with the annual external audit and tax reporting processes with auditors and advisors ensuring complete accurate and timely submissions
- Monitor cash flow and liquidity manage capital calls and distributions and ensure accurate and timely execution of payment instructions
- Review management-fee / performance-fee / incentive fee calculations under the Hotel Management Agreement and ensure correct accounting treatment
- Work with the hotel finance team on monthly trial balance reviews and preparation of supporting schedules for payables receivables fixed assets borrowings provisions and other key accounts
- Oversee VAT Corporate Tax and other regulatory filings ensuring full compliance accuracy and timeliness
- Maintain the Fixed Asset Register recording additions disposals and depreciation and reconciling regularly with hotel operations
- Ensure adherence to accounting policies internal controls and documentation standards so that all files remain audit-ready and internally reviewed
- Compile and analyse financial and operating data for quarterly presentations submitted to different stakeholders
- Debt reporting prepare and maintain loan drawdown and repayment schedules monitor covenant compliance and coordinate with banks for information requests and the internal capital markets team for refinancing activities
- Build and maintain relationships with auditors external advisors lenders and service providers to ensure smooth financial operations
- Support special projects such as capex tracking and reviews system or process improvements to enhance financial efficiency and control.
Qualifications :
Education & professional background
- Must be a Chartered Accountant (ACCA ACA CPA or equivalent)
- 8 - 10 years of relevant post qualification experience in financial reporting audit or compliance roles.
- Deep understanding of IFRS (mandatory) and Ind-AS (preferred)
- Hospitality industry experience strongly preferred
Technical Expertise
- In-depth understanding of IFRS and complex group consolidations
- Expert knowledge of UAE VAT Corporate Tax and related regulatory compliance requirements
- Advanced proficiency in Microsoft Excel and familiarity with ERP / consolidation systems
Soft Skills & Working Style
- Capable of working independently in an individual-contributor role while effectively engaging with senior management
- Strong analytical and critical thinking skills; with exceptional attention to detail
- Comfortable in a fast-paced dynamic environment with multiple deadlines
- Excellent leadership communication and stakeholder management skills with the ability to streamline reporting processes and influence decision-making
- Outstanding written and verbal communication skills
Remote Work :
No
Employment Type :
Full-time
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