Asset Management Director (Real Estate)

Jobskey Search and Selection; Riyadh; On-site; SAR 600,000 - 1,100,000; Full time

Job summary

Jobskey Search and Selection is seeking an experienced Asset Management Director for a growing Saudi real estate developer and investor. The role focuses on maximizing portfolio performance, rental income, and occupancy across residential, commercial, and hospitality assets.

You will lead a hands-on team, oversee leasing, collections, budgeting, and reporting while ensuring compliance with Ejar and REGA guidelines. English and Arabic proficiency is required.

Qualifications

• Bachelor’s degree in Real Estate, Business Administration, Finance, Engineering or related field.
• 10–15 years of relevant experience in real estate asset/ leasing management with leadership exposure.

Responsibilities

• Lead the operational and financial performance of a diversified real estate portfolio.
• Manage leasing lifecycle: new leases, renewals, rent adjustments, terminations, Ejar registration.
• Drive rental collection performance and arrears recovery strategies.
• Monitor occupancy, rental income, collection metrics, and prepare exec reports.
• Oversee maintenance, facilities management, and contractor performance.
• Manage operating budgets, service charges and maintenance expenditure for cost efficiency.
• Build strong tenant relationships and lead lease negotiations.
• Analyze market trends and benchmarks to improve occupancy and yields.
• Ensure compliance with Saudi regulations (Ejar, REGA, Civil Defense).
• Lead asset management team and ensure robust reporting.
• Coordinate handover of new developments into operations.

Skills

Leadership

Financial performance

Tenant relations

Negotiation

Stakeholder management

Analytical skills

Education

Bachelor's degree in Real Estate/related

Job description

We are seeking an experienced Asset Management Director on behalf of one of our esteemed clients a growing Saudi Real Estate Developer and investor with a diversified portfolio of income-generating residential, commercial, and hospitality assets.

This is a hands-on leadership role for a results-driven professional who can maximize portfolio performance, strengthen rental income and collections, improve occupancy, and ensure effective property operations as the company's portfolio continues to expand.

Key Responsibilities

• Lead the operational and financial performance of a diversified real estate portfolio.
• Manage the complete leasing lifecycle, including new leases, renewals, rental adjustments, terminations, and Ejar registration.
• Drive rental collection performance, manage overdue receivables, and implement effective arrears recovery strategies.
• Monitor occupancy rates, rental income, collection performance, and outstanding balances, providing regular reports to executive management.
• Oversee property maintenance, facilities management, service providers, and contractor performance.
• Manage operating budgets, service charges, and maintenance expenditure to ensure cost efficiency.
• Build strong tenant relationships, lead lease negotiations, and resolve contractual disputes.
• Analyze market trends, rental benchmarks, and asset performance to improve occupancy and rental yields.
• Ensure compliance with applicable Saudi real estate regulations, Ejar requirements, REGA guidelines, and relevant municipal and Civil Defense requirements.
• Lead and develop the asset management team, establish effective processes, and strengthen operational reporting.
• Coordinate the handover of newly completed developments into operational management.
• Take ownership of portfolio performance, budgets, and continuous improvement initiatives.

Candidate Requirements

• Bachelor's degree in Real Estate, Business Administration, Finance, Engineering, or a related discipline.
• 10-15 years of relevant experience in real estate asset management, property management, or leasing, including leadership experience at department-head level or above.
• Proven experience managing a sizeable portfolio of income-generating real estate assets.
• Strong track record in rental collections, arrears recovery, occupancy improvement, and revenue optimization.
• Practical knowledge of Ejar, REGA regulations, and Saudi leasing practices.
• Experience across multiple asset classes, such as residential, commercial, retail, or hospitality.
• Demonstrated capability in operating budget management, cost control, and financial performance reporting.
• Experience building or improving asset management teams, systems, and operational processes.
• Strong negotiation, leadership, analytical, and stakeholder management skills.
• Excellent written and spoken English & Arabic.