Director - Asset Management - 50011443 - AG6

Qiddiya Investment Company 1; Riyadh; On-site; SAR 450,000 - 700,000; Full time

Job summary

Qiddiya Investment Company seeks a Director of Asset Management to maximize performance and value across hospitality and real estate assets. You will oversee business performance, strategic planning, operator management, and financial outcomes, driving asset optimization and long-term returns while coordinating with operators, investors, and internal stakeholders.

Applications will close on 5 October. The role requires extensive leadership, senior financial analysis, and a track record in

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business Administration, Hospitality Management, Economics, or related discipline.
• 15+ years of experience in Asset Management, Hospitality Asset Management, Real Estate Investment, Hotel Ownership, or related commercial discipline.
• Experience managing hospitality, mixed-use, commercial, or large-scale destination assets from an ownership perspective.
• Strong understanding of budgeting, forecasting, financial analysis, and performance management.
• Experience reviewing operator business plans, operating budgets, capital expenditure programs, and asset performance metrics.
• Relevant professional certifications such as CFA, CPA, CAIA, MRICS, or equivalent are preferred.

Responsibilities

• Develop and implement asset management strategies to maximize asset value and ROI.
• Monitor financial, operational, and commercial performance portfolio-wide.
• Lead annual business plan reviews, budgeting, forecasting, and performance reporting.
• Review operator business plans, budgets, capex, and KPIs.
• Drive asset repositioning and optimization for better performance and guest experience.
• Conduct financial analysis, market benchmarking, and investment evaluations.
• Build relationships with operators, partners, investors, and internal stakeholders.
• Provide strategic recommendations on leasing, branding, and operating models.
• Support acquisitions, divestments, and due diligence processes.
• Prepare investment and asset performance reports for senior leadership.

Skills

Asset management

Financial analysis

Budgeting

Forecasting

Operator management

Stakeholder management

Leasing strategy

Education

Bachelor’s degree (Real Estate/Finance)

Tools

Financial modeling

MS Excel

Job description

Qiddiya is Saudi Arabia’s future capital of entertainment, sports, and culture, bringing together world-class hospitality, leisure, entertainment, and mixed-use assets within one of the Kingdom’s most ambitious developments.

The Director of Asset Management will play a key role in maximizing the commercial performance, value creation, and long-term returns of Qiddiya’s hospitality and real estate assets. Acting on behalf of the owner, the role will oversee business performance, strategic planning, operator management, financial outcomes, and asset optimization initiatives across the portfolio.

Working closely with operators, investors, development teams, and key stakeholders, the Director will drive revenue growth, profitability, asset enhancement opportunities, and value creation strategies while ensuring assets achieve both operational and financial objectives.

Applications will close on the 5th of Oct.

Key Responsibilities

• Develop and execute asset management strategies that maximize asset value, revenue growth, profitability, and return on investment.

• Monitor and analyze financial, operational, and commercial performance across the portfolio, identifying opportunities for improvement and value creation.
• Lead annual business plan reviews, budgeting processes, forecasting activities, and performance reporting.
• Review and challenge operator business plans, operating budgets, capital expenditure programs, and key performance indicators.
• Drive asset repositioning, enhancement, and optimization initiatives to improve commercial performance and guest experience.
• Conduct financial analysis, market benchmarking, and investment evaluations to support strategic decision-making.
• Build and manage relationships with operators, partners, investors, and internal stakeholders to align on asset objectives.
• Provide strategic recommendations on leasing, branding, operating models, and commercial opportunities.
• Support acquisition, divestment, and transaction activities through financial and commercial due diligence.
• Prepare investment and asset performance reports for senior leadership and executive stakeholders.

Requirements

• Bachelor’s degree in Real Estate, Finance, Business Administration, Hospitality Management, Economics, or a related discipline.
• 15+ years of experience in Asset Management, Hospitality Asset Management, Real Estate Investment, Hotel Ownership, or a related commercial discipline.
• Strong experience managing hospitality, mixed-use, commercial, or large-scale destination assets from an ownership perspective.
• Demonstrated expertise in business planning, budgeting, forecasting, financial analysis, and performance management.
• Experience reviewing operator business plans, operating budgets, capital expenditure programs, and asset performance metrics.
• Strong understanding of value creation strategies, asset optimization, market benchmarking, and investment evaluation.
• Experience within hospitality, entertainment, leisure, real estate, or large-scale destination developments is preferred.
• Relevant professional certifications such as CFA, CPA, CAIA, MRICS, or equivalent are preferred.