Portfolio Manager

Confidential Jobs; Eastern Province; On-site; SAR 350,000 - 550,000; Full time

Job summary

Confidential Jobs in Saudi Arabia seeks a Portfolio Manager to provide strategic and operational oversight of a diversified FM portfolio valued at SAR 300 million. You will lead site managers, ensure HSE compliance, drive profitability and budget adherence, oversee contracts, and push efficiency through CAFM/CMMS adoption while strengthening client relationships and pursuing new opportunities.

The role requires 10–12 years in FM, with 5+ years in a portfolio leadership context, and a track

Qualifications

• Bachelor's degree in Facilities Management, Engineering, Business Administration, or related field.
• 10–12 years of progressive experience in Facilities Management with at least 5 years in portfolio/multi-site leadership.
• Proven track record of managing FM portfolios of SAR 300M+ annual value.
• Professional certification preferred: IWFM, IFMA (CFM), PMP, or equivalent.

Responsibilities

• Oversee full lifecycle of FM contracts within the portfolio, ensuring service levels, KPIs, and SLAs are met or exceeded.
• Manage portfolio P&L, ensuring profitability targets, cost control, and budget adherence across all sites.
• Review and renew contracts, negotiate terms, and manage variations/change orders in coordination with commercial and legal teams.
• Monitor portfolio performance through regular reporting, dashboards, and site audits.
• Serve as the primary escalation point for key client accounts within the portfolio.
• Build and maintain strong client relationships to ensure high satisfaction and long-term retention.
• Conduct periodic business review meetings with clients to align on performance, expectations, and future needs.
• Provide leadership and direction to site/facility managers across the portfolio.
• Ensure compliance with Health, Safety, Environment (HSE) standards and applicable Saudi regulatory requirements.
• Drive operational efficiency through process standardization, technology adoption (CAFM/CMMS systems), and best-practice implementation.
• Manage mobilization and demobilization of new/exiting contracts within the portfolio.
• Own the annual budgeting and forecasting process for the portfolio.
• Track revenue, cost, and margin performance against targets; implement corrective actions where needed.
• Support business development in bidding for new contracts and expanding portfolio value.
• Lead, mentor, and develop a multi-site team of facility managers, supervisors, and technical staff.
• Manage workforce planning, manpower allocation, and performance management across the portfolio.
• Foster a culture of accountability, safety, and continuous improvement.
• Ensure all contracts and operations comply with Saudi Labor Law and relevant regulatory frameworks.
• Identify and mitigate operational, financial, and reputational risks across the portfolio.
• Maintain audit-readiness across all sites (quality, safety, and contractual compliance).

Skills

Leadership

Budgeting

Contract management

Stakeholder management

HSE compliance

Process improvement

Regulatory compliance

Education

Bachelor's degree in Facilities Management, Engineering, Business Administration, or related field

Master's degree preferred

Professional certification: IWFM, IFMA (CFM), PMP

Tools

CAFM/CMMS

Job description

The Portfolio Manager is responsible for the strategic and operational oversight of a diversified Facilities Management (FM) portfolio valued at over SAR 300 million. The role ensures service delivery excellence, contract profitability, client retention, and compliance across all managed sites, while driving operational efficiency and growth within the assigned portfolio.

Key Responsibilities

• Oversee the full lifecycle of FM contracts within the portfolio, ensuring service levels, KPIs, and SLAs are consistently met or exceeded.
• Manage portfolio P&L, ensuring profitability targets, cost control, and budget adherence across all sites.
• Review and renew contracts, negotiate terms, and manage variations/change orders in coordination with commercial and legal teams.
• Monitor portfolio performance through regular reporting, dashboards, and site audits.

Client & Stakeholder Relationship Management

• Serve as the primary escalation point for key client accounts within the portfolio.
• Build and maintain strong client relationships to ensure high satisfaction and long-term retention.
• Conduct periodic business review meetings with clients to align on performance, expectations, and future needs.

Operational Oversight

• Provide leadership and direction to site/facility managers across the portfolio.
• Ensure compliance with Health, Safety, Environment (HSE) standards and applicable Saudi regulatory requirements.
• Drive operational efficiency through process standardization, technology adoption (CAFM/CMMS systems), and best-practice implementation.
• Manage mobilization and demobilization of new/exiting contracts within the portfolio.
• Own the annual budgeting and forecasting process for the portfolio.
• Track revenue, cost, and margin performance against targets; implement corrective actions where needed.
• Support business development in bidding for new contracts and expanding portfolio value.
• Lead, mentor, and develop a multi-site team of facility managers, supervisors, and technical staff.
• Manage workforce planning, manpower allocation, and performance management across the portfolio.
• Foster a culture of accountability, safety, and continuous improvement.
• Ensure all contracts and operations comply with Saudi Labor Law and relevant regulatory frameworks.
• Identify and mitigate operational, financial, and reputational risks across the portfolio.
• Maintain audit-readiness across all sites (quality, safety, and contractual compliance).

Qualifications & Experience

• Bachelor's degree in Facilities Management, Engineering, Business Administration, or a related field (Master's degree preferred).
• Minimum 10–12 years of progressive experience in Facilities Management, with at least 5 years in a portfolio/multi-site leadership role.
• Proven track record of managing FM portfolios of comparable scale (SAR 300M+ annual value).
• Professional certification preferred: IWFM, IFMA (CFM), PMP, or equivalent.