Strategic Advisor: Collaborate with the CEO and other executives to develop and refine the company’s long-term strategy. This involves assessing the financial implications of strategic initiatives and providing insights into how different strategies might impact on the company’s financial health. Capital Allocation: Determine the best use of the company’s capital resources, including decisions on investments, mergers, acquisitions, and divestitures. This requires a deep understanding of how different investments will align with and support strategic goals. Risk Management: Identify financial risks and develop strategies to mitigate them. This includes both operational risks and strategic risks related to market changes, regulatory developments, and other external factors. Financial Reporting: Ensure accurate and timely financial reporting to stakeholders, including the board of directors, investors, and regulatory bodies. This involves overseeing the preparation and integrity of financial statements. Internal Controls: Implement and maintain robust internal controls to safeguard assets, ensure the accuracy of financial records, and prevent fraud. Regularly review and update these controls to adapt to changing circumstances. Compliance: Ensure compliance with all relevant accounting standards, laws, and regulations. This involves staying updated on changes in financial regulations and implementing necessary changes within the organization. Audit Management: Oversee both internal and external audit processes. Work with auditors to address any findings and implement recommendations for improvement. Financial Systems and Processes: Oversee the implementation and maintenance of financial systems and processes. Ensure that they are efficient, reliable, and capable of supporting the company's financial reporting and analysis needs.

Financial Processes Development: implement and manage effective financial systems and workflows that comply with industry standards and regulations, while enhancing the accuracy and efficiency of budgeting, forecasting, and reporting. Treasury Operations Oversight: monitor cash flow and liquidity to make sure the organization has enough funds for its operations. Managing investment strategies and financial asset risk. Ensuring adherence to financial regulations and internal policies. Internal Controls: Establish and oversee internal controls to avoid financial inaccuracies and fraud by performing regular audits to ensure adherence to both internal and external standards and take the necessary corrective actions based on audit results and control evaluations. Strategic Planning: Work with other executives to formulate and implement the institution's financial strategy by evaluating financial performance and offering insights to aid in strategic decision-making. Regulatory Compliance: Ensure compliance with financial regulations, including industry-specific ones like FATF implemented by Saudi Central Bank which requires staying current with changes in financial regulations and adjusting processes accordingly.

Financial Statements Preparation Process Oversight: Ensure adherence to applicable accounting standards (such as GAAP and IFRS) and regulations pertinent to the hospitality sector to issue an error-free financial statements and to ensure they accurately represent the organization's financial status. Also, collaborate with external auditors for the annual audit, addressing any issues or discrepancies found during the process. ERP System Development Process Oversight: Work closely with IT professionals and consultants to implement changes that align with the company strategic objectives to ensure the customization and development of the ERP system will meet the organization’s needs. Moreover, control the system transition process to manage the risk that is associated with this process. Internal Control Processes Development: Identify and assess potential risks related to financial reporting, operational efficiency, compliance, and fraud and collaborate with other executives to design internal controls to address identified risks.This may include segregation of duties, authorization procedures, and access controls. Regularly, evaluate the policies and procedures to make corrective actions, if needed, through internal audits and reviews to identify areas for improvement.

Prepare Closing Schedules: Develop and manage a timeline for month-end closing activities. Reconcile Accounts: Ensure all accounts are reconciled, including bank accounts, accounts receivable, and accounts payable. Generate Financial Statements: Prepare the monthly financial statements (balance sheet, income statement, cash flow statement) for review. Identify Discrepancies: Review trial balances to identify and investigate discrepancies or unusual balances. Manage Chart of Accounts: Maintain and update the chart of accounts to reflect changes in business operations or reporting requirements. Support Internal Controls: Implement and enforce internal controls related to ledger management. Develop Budgets: Assist in the preparation of annual budgets and forecasts. Monitor Performance: Compare actual performance against budgeted figures to identify variances. Report Findings: Provide detailed variance analysis reports to management and recommend corrective actions.

Oversee the preparation of financial statements in compliance with relevant accounting standards (e.g., GAAP, IFRS). Coordinate with external auditors for audits and address any issues or recommendations. Ensure that General Ledger (GL) accounts are updated and reconciled regularly. Implement and maintain controls to safeguard the integrity of financial data. Evaluate and select vendors based on criteria such as cost, quality, and reliability. Negotiate contracts and terms to secure favorable agreements for the company. Analyze financial risks related to customers and vendors, including credit risk and payment terms. Develop risk management strategies and mitigation plans. Prepare and present risk assessment reports to senior management. Oversee the registration and tracking of company assets. Ensure accurate valuation and proper depreciation of assets. Implement policies for asset management and conduct regular audits.

Inventory Controls: Implement and monitor internal controls to prevent theft, loss, or mismanagement of inventory. Periodic Audits: Conduct regular inventory audits to reconcile physical counts with recorded quantities and address discrepancies. Monthly Reconciliation: Reconcile bank statements with the company’s general ledger monthly to ensure accuracy and completeness. Cash Flow Management: Monitor cash flows and ensure that there are sufficient funds for operational needs while optimizing the use of available cash. Journal Entries: Prepare and post necessary journal entries to close out the month’s transactions accurately. Account Reconciliation: Reconcile all general ledger accounts and ensure all transactions are correctly recorded

Transaction Recording: Record daily financial transactions in the accounting system, including sales, purchases, receipts, and payments. Account Maintenance: Maintain accurate and up-to-date records for accounts payable and receivable. Expense Tracking: Track and categorize business expenses and assist with financial reporting. Document Management: Maintain and organize financial documents, such as invoices, receipts, and statements. Invoice Review: Verify the accuracy of invoices received from vendors, ensuring they match purchase orders and receipts. Payment Processing: Prepare and process payments to vendors, employees, or other parties, including checks, electronic transfers, or ACH transactions.