About Grand Mercure Business Bay
Grand Mercure Business Bay is a 270-room premium hotel located on Al Abraj Street along Marasi Drive, in the heart of Dubai's Business Bay district. Rooted in the Grand Mercure brand ethos, the property celebrates "pride of place" through refined grandeur, cultural immersion, and heartfelt human connection. The hotel offers four versatile meeting rooms, a club lounge, five dining and entertainment venues, and an enhanced outdoor pool terrace overlooking the Business Bay skyline .
As part of Accor's internationally trusted portfolio, Grand Mercure Business Bay upholds world-class standards while celebrating the richness of the destination through authenticity, discovery, and cultural sensitivity. The hotel serves as a bridge between business efficiency and lifestyle-driven exploration for the modern global traveller .
Job Purpose
As the Finance Manager, you will be responsible for safeguarding the financial integrity of the Grand Mercure Business Bay. You will lead the finance team to ensure accurate financial reporting, strict cost control, and regulatory compliance. You will act as a strategic business partner to the General Manager, providing data-driven insights to maximize profitability while maintaining the highest standards of Accor brand compliance.
Key Responsibilities
- Oversee the preparation and analysis of monthly financial statements, P&L, and Balance Sheet in accordance with Accor and local regulatory standards.
- Lead the annual budgeting and quarterly forecasting processes, providing strategic input to department heads.
- Conduct monthly variance analysis (Actuals vs. Budget/Forecast) and advise management on corrective actions to improve margins.
- Provide financial modeling and feasibility analysis for potential revenue streams, capex projects, and operational changes.
- Implement and maintain a robust internal control environment (SOX/Accor internal audit standards) to prevent leakage and fraud.
- Oversee the Cost Controller to manage F&B costs, inventory levels, and purchasing procedures.
- Review and approve all operational expenditures, ensuring alignment with budgetary constraints and ROI expectations.
- Manage cash flow, banking relationships, and treasury functions to optimize working capital.
- Ensure full compliance with UAE Federal Tax Authority regulations (VAT filing), Dubai Municipality fees, and Tourism Dirham collection.
- Liaise with external auditors, tax consultants, and government authorities to ensure timely submission of returns and statutory reports.
- Ensure compliance with Accor’s financial policies, internal audits, and legal requirements (Labor Law, Civil Code).
- Partner with the Director of Sales & Marketing to analyze revenue performance, channel costs, and pricing strategies.
- Oversee the credit control function to minimize bad debt and ensure timely collection of receivables (OTA commissions, corporate accounts, City Ledger).
- Monitor payroll efficiency and productivity metrics in collaboration with the HR department.
- Recruit, train, and mentor the finance team (Accountants, Payroll Master, Cost Controller, Storekeepers).
- Conduct performance reviews and identify training needs to build a high-performing finance department.
- Foster a culture of financial awareness among non-finance department heads.
- Oversee Accounts Payable, Accounts Receivable, Income Audit, General Cashier, and Payroll functions.