Head – Shared Services
Skills
About This Role
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 Head – Shared Services 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
- Bachelor’s degree in finance, Accounting, Commerce, or a related field.
- Professional Qualifications such as CA, CPA, ACCA, or CMA will be Advantageous.
- A minimum of 8–10 years of progressive experience in Accounts Receivable and Accounts Payable Operations, with at least 4 years in a Leadership role.
- Prior experience within Hospitality, Real Estate, or Luxury Lifestyle Industries in the UAE is preferred.
- Comprehensive knowledge of UAE Financial Regulations, VAT Compliance, and Internal Control Frameworks.
- Strong understanding of Credit Management, Cash Flow Monitoring, Vendor Management, and Treasury Coordination.
- Expertise in Financial Systems such as SAP, Oracle, SUN, or similar ERP platforms.
- Advanced proficiency in Microsoft Excel, Financial Reporting, and Data Analysis.
- Excellent Communication, Stakeholder Management, and Negotiation Skills.
- Strong Leadership capabilities with the ability to Mentor and Develop High-Performing Teams.
- Exceptional Analytical Skills and Attention to Detail, ensuring Accuracy and Compliance across all Financial Operations.
- A hands-on attitude, fuelled by a ‘Can-Do!’ Spirit.
**1** **Accounts Receivable Management**
- Lead and oversee the end-to-end Accounts Receivable Function, ensuring Accurate and Timely Billing, Collections, and Revenue Recognition.
- Establish and refine Credit Policies, Credit Limits, and Collection Strategies to minimise Financial Risk and optimise Cash Flow.
- Monitor Customer Ageing Reports and proactively manage Overdue Accounts while maintaining strong Client Relationships.
- Ensure Accurate Posting and Reconciliation of Receipts, Adjustments, Credit Notes, and Account Balances.
- Maintain strict Control over Receipts, ensuring all Collections are properly accounted for, deposited, reconciled, and reported.
- Collaborate closely with Front Office, Sales, Reservations, and Commercial Teams to ensure Seamless Billing and Collection Processes.
- Prepare detailed Reports on Accounts Receivable Status, Cash Collections, and Credit Exposure for Senior Management Review.
2 **Accounts Payable Management**
- Lead and oversee the Accounts Payable Function, ensuring Accurate Booking, Verification, and Processing of Vendor Invoices.
- Manage Vendor Payment Cycles and Payment Processing Activities, ensuring Timely Disbursements in line with Company Policies and Cash Flow Requirements.
- Ensure proper Authorisation, Documentation, and Compliance for all Payments and Financial Transactions.
- Oversee Vendor Reconciliations and resolve Invoice and Payment Discrepancies in a Timely and Professional Manner.
- Monitor Accounts Payable Ageing and optimise Payment Scheduling while maintaining strong Vendor Relationships.
- Ensure Compliance with Internal Controls, Procurement Policies, VAT Regulations, and Audit Requirements.
- Supervise Bank Reconciliations and ensure Accuracy and Completeness of all Financial Transactions
3 **Owners Revenue Distribution & Treasury Coordination**
- Oversee Owners Revenue Distribution Processes, ensuring Accurate Calculation, Timely Settlement, and Transparent Reporting.
- Coordinate with Treasury and Finance Teams to ensure effective Cash Flow Planning and Fund Allocation.
- Monitor Cash Collections, Payment Obligations, and Liquidity Requirements to support Operational and Strategic Objectives.
- Ensure proper Tracking, Reconciliation, and Reporting of Escrow, Revenue Distribution, and related Financial Transactions.
Leadership & Process Improvement
- Lead, Mentor, and Develop the Accounts Receivable and Accounts Payable Teams, fostering a High-Performance and Service-Oriented Culture.
- Identify opportunities for Process Improvements, Automation, and Operational Efficiencies across AR and AP Functions.
- Establish and Maintain Strong Internal Controls to safeguard Company Assets and ensure Financial Integrity.
- Support Internal and External Audits by ensuring timely availability of Documentation, Reconciliations, and Financial Records.
- Prepare Monthly Management Reports, KPI Dashboards, and Cash Flow Updates for Senior Leadership.
- Collaborate Cross-Functionally with Operations, Procurement, Commercial, Treasury, and Finance Teams to drive Operational Excellence.
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 100% renewable electricity for 2022.
The company's Science-Meets-Styled ‘Sustainable Indulgence’ Ethos has led to a completely LEED Platinum-certified operational hospitality portfolio.
FIVE Palm Jumeirah and FIVE Jumeirah Village are also 3 Star SPIRE Rated Smart Buildings.
FIVE Zurich, the only LEED Platinum hotel in Switzerland, achieved an impressive 84 Points under LEED v4's BD+C and ID+C rating system, making it one of just five hotels worldwide to receive Platinum Certification.
FIVE illustrates its Commitment to making ‘Sustainability without Compromise on Luxury Living’ central to its Future Vision, with FIVE LUXE already on track to acquire LEED Platinum (BD+C).
These Achievements highlight FIVE’s Comprehensive and Committed Scope of Sustainability Strategy permeating Operations, Governance and Community.
An Equal Opportunity Employer
The FIVE Tribe represents over 70 nationalities across its over 1500 ‘FIVERs.’ FIVE is Committed to Hiring a Diverse and Inclusive Workforce as an Equal-Opportunity Employer.
Accordingly, FIVE does not discriminate based on disability, race, age, sex, gender, sexual orientation, ethnicity, religion or belief, nationality, marital status, or any other basis protected under national or local laws.
Ranked 10th on the Great Workplaces in the UAE 2023 list of Large Organizations, the FIVE Tribe is more than a group of people working together – it is a Family bonded by common Values and Goals, Celebrating People, Culture and Diversity.
About FIVE Hotels and Resorts
FIVE Hotels and Resorts prides itself on being Disruptively Different and Daringly Unique.
Our Growing Portfolio of Lavish Destinations are the epitome of Glamour and Experiential Luxury, and currently consists of FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich and FIVE LUXE.
Joining our Exceptional FIVE Tribe means you are part of a team who Breaks Boundaries and offers Unbeatable Next-Level Experiences at FIVE’s award-winning Hotels, Dining Concepts, and 360-Degree Immersive Nightlife Venues.
As part of the Accomplished FIVE Tribe, you will be part of a group of High Achievers who Fearlessly Challenge Conventions on a Global Stage.
Find out more here: fivehotelsandresorts.com
About FIVE Holdings
FIVE Holdings is a vertically integrated Group, and its current Portfolio includes 3 luxury hotels in the UAE, FIVE Palm Jumeirah, FIVE Jumeirah Village and FIVE LUXE, a hotel in Switzerland, FIVE Zurich, 2 hotels in Spain, Destino Pacha and El Hotel Pacha, a nightclub in Spain, Pacha Ibiza, 2 eponymous Fashion Lines, FIVE Mode and The Pacha Collection in the UAE and Spain; as well as a range of assets that include Toy Room, and WooMoon Storytellers (Globally).
FIVE’s focus is on a ‘Global Sustainable Entertainment Ecosystem,’ which is the integration of immersive entertainment with homegrown F&B concepts that results in a distinctive guest experience for an international and affluent audience of luxury-loving, eco-conscious Millennial and Gen-Z customers.
The success of FIVE’s ‘Global Sustainable Entertainment Ecosystem’ is evident in its RevPAR being 1.4X, its F&B PAR being 3X and its TRevPAR being 2.1X greater than their respective competitor sets in Dubai for 2023.
Find out more here: fiveglobalholdings.com
Job Type
Full time
Work Experience
5+ years
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