Senior Manager Asset Management

Saudi Petroleum Services Polytechnic; Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

A leading company in the hospitality sector is seeking an experienced Asset Management professional to manage properties and engage with operators. This role requires extensive experience in hospitality projects, strong negotiation skills, and proficiency in English and Arabic. The position offers competitive remuneration and opportunities for advancement.

Benefits

Competitive remuneration package

Industry-related benefits

Qualifications

• 10+ years of experience in hospitality management or related fields.
• Extensive experience in Asset Management with a focus on hospitality projects.

Responsibilities

• Assist in managing properties under Asset Management/Advisory Agreements.
• Support Hotel Management Agreement discussions and negotiations.
• Collaborate with the Asset Management team for timely reporting.

Skills

Asset Management

Hotel Management Agreements

Brand Licenses

Education

Bachelor's degree in Hospitality

Master's degree

Job description

Job Responsibilities

1. Assist in managing properties under Asset Management/Advisory Agreements.
2. Participate in engagements with Operators across the Hospitality Asset portfolio, including discussions and negotiations related to Hotel Management Agreements, Technical Service Agreements, Brand License Agreements, and Branded Residences Agreements.
3. Support Hotel Management Agreement (HMA) discussions, negotiations, and formalization of agreements.
4. Identify potential brands and operators for unallocated sites.
5. Serve as liaison between Head Office and the commission for specific requirements.
6. Assist organization-wide and support peers as needed to perform their duties.
7. Perform additional activities as required by the board, CEO, or other stakeholders.
8. Collaborate with the Asset Management team to ensure timely reporting of asset performance.
9. Contribute to weekly, monthly, and Board of Directors reports for the portfolio under AMA.
10. Conduct regular property visits and reporting to execute strategies effectively.

Candidate Profile

• Extensive experience in Asset Management with a focus on hospitality projects.
• Bachelor's degree in Hospitality, Business Administration, or related field; a master's degree is preferred.
• Additional professional certifications are a plus.
• 10+ years of experience in hospitality management or related fields.
• Proficiency in oral and written English and Arabic.

Opportunity

This role offers a chance to advance within a market leader, with a competitive remuneration package and industry-related benefits.

Skills: Asset Management, Hotel Management Agreements, Brand Licenses