Asset Management Director

Client of Michael Page; Saudi Arabia; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading company in Saudi Arabia is seeking an experienced Asset Management professional with a focus on hospitality projects. The role involves managing properties, monitoring financial performance, and fostering relationships with partners. The ideal candidate will have over 15 years of experience and strong leadership skills.

Benefits

Competitive remuneration package

Industry-related benefits

Qualifications

• 15+ years of experience in hospitality management or related fields.
• Demonstrated proficiency in oral and written English and Arabic.

Responsibilities

• Manage properties under Asset Management Agreements.
• Report on pre-opening/opening activities and financial performance.
• Assist with Hotel Management Agreement discussions and negotiations.

Skills

Leadership

Management

Financial Performance Monitoring

Relationship Management

Operational Excellence

Education

Bachelor's degree in Hospitality

Master's degree

Job description

• Manage the properties under the Asset Management/Asset Management Advisory Agreements (AMAs).
• Report on the progress of pre-opening/opening activities of Assets under AMAs, including monthly performance indicators such as financial performance and other relevant metrics.
• Assist with Hotel Management Agreement (HMA) discussions, negotiations, and formalization of agreements. Help identify potential brands and operators for unallocated sites.
• Hold operating partners accountable to maintain high standards of service, quality, and profitability.
• Foster strong relationships with partners for each Asset.
• Implement best practices for property management to support the growth of asset value.
• Monitor the financial performance of assigned Assets against the approved budget, identifying areas of improvement, and recommending corrective actions as necessary.
• Ensure the implementation of policies, procedures, and controls to maintain operational excellence in line with regulatory requirements.

• Job Description

• Manage the properties under the Asset Management/Asset Management Advisory Agreements (AMAs).
• Report on the progress of pre-opening/opening activities of Assets under AMAs, including monthly performance indicators such as financial performance and other relevant metrics.
• Assist with Hotel Management Agreement (HMA) discussions, negotiations, and formalization of agreements. Help identify potential brands and operators for unallocated sites.
• Hold operating partners accountable to maintain high standards of service, quality, and profitability.
• Foster strong relationships with partners for each Asset.
• Implement best practices for property management to support the growth of asset value.
• Monitor the financial performance of assigned Assets against the approved budget, identifying areas of improvement, and recommending corrective actions as necessary.
• Ensure the implementation of policies, procedures, and controls to maintain operational excellence in line with regulatory requirements.

The Successful Applicant

The successful candidate will have substantial experience in Asset Management with a focus on hospitality projects. Strong leadership skills and management skills are required.

• Bachelor's degree in Hospitality, Business Administration or a related field.
• A master's degree is preferred.
• Additional professional certification is a plus.
• 15+ years of experience in hospitality management, or related fields.
• Demonstrated proficiency in oral and written English and Arabic

What's on Offer

This is an opportunity to advance within this market leader. A competitive remuneration package with associated/industry related benefits.

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