Asset Management and Hospitality Executive Director

Job Description

A large governmental client is currently seeking an Asset Management and Hospitality Executive to manage and operate luxury hospitality assets in Saudi Arabia.Client DetailsThe client is a real estate public development entity based in Saudi Arabia focusing on developing tourism-centric and luxury hospitality projects.DescriptionAchieve departmental goals by setting individual objectives.Developing and motivating employees to maximize performance.Overseeing the consolidation, budgeting, and monitoring financial performance to capitalize on opportunities.Fulfil procedural/legislative requirements by coordinating the activities of the team to deliver high-quality, cost-effective services.Ensure that all department reports are prepared timely and accurately and is in line with the annual business plans, goals, policies, and procedures.Ensuring employee safety, legislative compliance, and a responsible environmental attitude for all asset management and hospitality-related activities, policies, procedures, and controls.Identify opportunities for continuous improvement of asset management and hospitality systems, processes, and practices; improvement of business processes, cost optimization, and efficiency improvement.Oversee the development of the asset portfolio and land acquisition strategy to determine acquisitions/disposals, and recommend changes to existing assets, ensuring optimum ROI, profitability, maximizing value, and minimizing risks.Identify hospitality brands and hotel class mix for establishing partnerships and agreements with hotel operators to achieve desired growth results.Support the Real Estate Development team with asset development opportunities, asset valuations, and business plan updates.Facilitate the smooth working of hospitality asset operations by building relationships with various stakeholders and ensuring adherence to the established service level agreements (SLAs).Enabling the transaction process and negotiating for asset monetization.ProfileThe Ideal Candidate will possess:* Bachelors degree in Real Estate, Business Administration or any other related field; MBA is preferred.* Proven experience in Development within the Asset Management & Hospitality Department.* In-depth knowledge of Portfolio Management, Budgeting and Asset Management.* Strong relationship management skills with proven efficiency in building and maintaining relationships with internal andexternal stakeholders.* Demonstrated leadership and team management capabilities.* Relevant knowledge of the industrys divisional requirements, policies and quality standards.Job OfferThis is an opportunity to deliver for one of the largest organizations in the MENA region and grow within the field of P&C.The candidate will have the opportunity to play a pivotal role in shaping and implementing impactful development projects while enjoying a competitive compensation package, access to extensive resources, and professional growth opportunities.The Asset Management and Hospitality Executive will be responsible for leading the management of the key hospitality assets in this large-scale development.

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