Asset Management Director - Hospitality

Michael Page; Riyadh; On-site; USD 100,000 - 150,000; Full time

Job summary

A leading hospitality development company in Saudi Arabia is seeking a strategic Director of Asset Management. The role involves overseeing financial controls, audit compliance, and stakeholder management while contributing to the long-term strategic planning of hospitality assets. Ideal candidates will possess significant experience and qualifications in finance and hospitality.

Benefits

Opportunity to work on a leading mega project in Saudi Arabia

Work alongside a team of world-class hospitality professionals

Qualifications

• 10+ years of experience in hospitality asset management, audit, or financial control.
• At least 5 years in a leadership role in the hospitality sector.

Responsibilities

• Lead reviews and analysis of hotel P&L statements and balance sheets.
• Implement audit and internal control procedures across hospitality assets.
• Drive value creation and monitor competitive market dynamics.

Skills

Financial control

Education

Bachelor's degree in Finance, Accounting, Hospitality Management, or related field

MBA or CPA/CA qualification

Job description

Seeking a strategic and analytically driven Director of Asset Management with a strong background in audit, financial controls, and hospitality operations. This individual will play a critical role in safeguarding asset value, optimizing operational performance, and ensuring alignment between ownership interests and operator performance.

Client Details

One of the leading hospitality development companies in KSA by the PIF

Description

Financial Oversight & Control

1. Lead detailed reviews and analysis of hotel P&L statements, balance sheets, and cash flows to ensure accuracy, identify trends, and flag anomalies.
2. Partner with the internal finance team to validate financial assumptions and challenge forecasts, budgets, and performance metrics.
3. Monitor the financial health of assets and lead initiatives to improve GOP, NOI, and overall profitability.

Audit & Compliance

1. Implement robust audit and internal control procedures across owned hospitality assets.
2. Oversee periodic operational audits, risk assessments, and compliance checks in coordination with internal audit and finance teams.
3. Ensure hotel operators are compliant with management agreements, brand standards, and owner objectives.

Stakeholder Management

1. Build strong relationships with hotel General Managers, regional operator teams, and brand representatives to foster transparency and accountability.
2. Represent ownership in owner-operator meetings, business reviews, and strategic planning sessions.
3. Serve as a key liaison between internal stakeholders (finance, investments, legal) and external hotel operators.

Strategic Asset Management

1. Drive value creation by identifying opportunities for revenue enhancement, cost reduction, and capital investment optimization.
2. Contribute to annual business planning, reforecasting, and long-term strategic planning for each asset.
3. Monitor competitive set and market dynamics to proactively advise on pricing, positioning, and performance improvements.

Profile

1. Bachelor's degree in Finance, Accounting, Hospitality Management, or a related field; MBA or CPA/CA qualification preferred.
2. 10+ years of progressive experience in hospitality asset management, audit, or financial control, with a minimum of 5 years in a leadership role.
3. Proven experience interacting with hotel operators (preferably across international brands such as Marriott, Hilton, Accor, etc.).
4. Strong analytical acumen with the ability to interpret complex financial data and challenge assumptions effectively.
5. Familiarity with owner/operator agreements and financial modeling.

Job Offer

Opportunity to work directly with a leading mega project in Saudi Arabia

Work alongside a team of world-class hospitality professionals

Skills

financial control