Credit Manager - Raffles The Red Sea

Accor Hotels; Umluj; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading global hospitality group is seeking a Credit Manager for their resort in Umluj, Saudi Arabia. This role involves managing the hotel's credit operations, developing credit policies, and ensuring compliance with financial regulations. Candidates should possess a bachelor's degree in finance, at least 5 years of experience in credit management, and strong skills in financial analysis and negotiation. This position offers competitive compensation and opportunities for professional growth.

Benefits

Competitive package

Outstanding discounts across the global network

Opportunities for professional growth

Qualifications

• Minimum 5 years of experience in credit management, preferably in the hospitality industry.
• Strong knowledge of financial analysis and credit risk assessment techniques.
• Fluency in English; knowledge of Arabic is a plus.

Responsibilities

• Develop and implement credit policies to minimize financial risks.
• Analyze credit applications and assess creditworthiness.
• Manage accounts receivable and oversee debt collection processes.
• Collaborate with sales and finance teams to establish credit limits.

Skills

Credit risk assessment

Financial analysis

Leadership

Communication

Negotiation

Problem-solving

Education

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

Professional certifications (CCP or CCE) preferred

Tools

Accounting software

Microsoft Office Suite

CRM systems

Job description

Company Description

Raffles & Fairmont Red Sea, positioned in the Kingdom’s groundbreaking Red Sea Project, will provide visitors access to a nature-focused resort. With 361 rooms, eleven distinct dining concepts, including overwater restaurants with views of the Red Sea and the mangroves, and a spa. The resort will be situated next to an 18 hole championship golf course, reflecting Fairmont’s association as a world class golf destination. It will set new standards in sustainable development, positioned on 200km of untouched coastline, an archipelago of more than 90 unspoiled islands, dormant volcanoes, rich marine habitat, and ancient archaeological sites.

Job Description

Raffles The Red Sea is seeking a highly skilled and experienced Credit Manager to join our team in Umluj, Saudi Arabia. As the Credit Manager, you will play a crucial role in managing the hotel's credit operations, ensuring financial stability, and maintaining positive relationships with our esteemed clientele.

• Develop and implement credit policies and procedures to minimize financial risks
• Analyze credit applications and assess creditworthiness of corporate clients and travel agencies
• Manage accounts receivable and oversee debt collection processes
• Collaborate with sales and finance teams to establish credit limits and terms for clients
• Monitor and report on credit portfolio performance, identifying trends and potential risks
• Negotiate payment plans and resolve disputes with delinquent accounts
• Ensure compliance with local and international financial regulations
• Prepare regular financial reports and presentations for senior management
• Implement and maintain credit management software systems
• Train and supervise credit department staff
• Stay updated on industry trends and best practices in credit management

Qualifications

• Bachelor's degree in Finance, Accounting, or related field
• Minimum 5 years of experience in credit management, preferably in the hospitality industry
• Professional certifications such as Certified Credit Professional (CCP) or Certified Credit Executive (CCE) preferred
• Strong knowledge of financial analysis and credit risk assessment techniques
• Proficiency in accounting software, Microsoft Office Suite, and CRM systems
• Experience with international clientele and understanding of global financial practices
• Familiarity with Saudi Arabian financial laws and regulations
• Excellent analytical and problem-solving skills
• Strong leadership and team management abilities
• Exceptional communication and negotiation skills
• Ability to work under pressure and meet deadlines in a fast-paced environment
• Fluency in English; knowledge of Arabic is a plus

Additional Information

What’s in it for you...

• The opportunity to join Accor, a leading global hospitality group with an exceptional portfolio of luxury brands.
• The chance to define the pre-opening operations for two iconic resorts at one of the world’s most anticipated new destinations.
• Become part of a team dedicated to creating unparalleled luxury hospitality experiences.
• A competitive package and excellent opportunities for professional growth.
• Outstanding discounts across the global Accor and luxury brand network.