Director - Asset Management 3 - 20005481 (CDU911)

The Director of Finance, Reporting & Management Accounts for Hospitality Asset Management is a senior leadership role responsible for overseeing the financial management, reporting, and performance analysis of a portfolio of hospitality assets. This role plays a key part in driving financial strategy, enhancing operational performance, and ensuring effective financial oversight and governance across all assets under management. The position requires a high level of expertise in financial reporting, budgeting, forecasting, and analysis within the hospitality or real estate sectors, alongside strong leadership abilities to manage a team and collaborate with senior executives.

Their accountabilities include:

• A senior role in the establishment and growth of the Hospitality Portfolio Management platform
• Managing the pre-opening, operational readiness, opening and stabilization of assigned assets ensuring the hospitality portfolio delivers on Qiddiya City's vision to be a world class destination city which is home to the most innovative and immersive experiences
• Achieving optimum financial and technical performance for each asset and the overall portfolio, contributing positively to the target return on investment and achieving long-term sustainable return
• Delivering QIC's ESG vision and commitments for hospitality assets
• Maximizing the value of the QIC Hospitality portfolio
  
  
  

Essential Duties and Responsibilities:

• Develop and implement robust financial reporting systems and processes to drive decision-making, operational efficiency, and value creation across the hospitality portfolio in an accurate and timely manner including monthly, quarterly, and annual management accounts, as well as other financial statements (P&L, balance sheets, cash flow)
• Lead the preparation and coordination of annual budgets, financial forecasts, and long-term financial plans for the hospitality assets, ensuring alignment with strategic goals
• Lead operational readiness for the first hospitality assets scheduled for Q4 2026 completion
• Manage the Finance functions of asset handover, onboarding of all hotel operators and the pre-opening activities, budgets, business plans etc. for all hotel assets in conjunction with the Qiddiya Development & Finance teams
• Develop strategic relationships with all hotel operators and service providers counterparts
• Contribute to Qiddiya Asset Management operational policies and standards which all asset owners and operators will follow
• Drive continuous improvement in financial systems, reporting tools, and processes to increase accuracy, efficiency, and insights
• Provide financial analysis and insights into budget variances and forecasting. Offering actionable recommendations to improve profitability, cost efficiency, and revenue optimization accurately reflecting operational changes, economic conditions, and market dynamics referencing key drivers such as, RevPAR, ADR, occupancy rates, operating margins, and other financial metrics
• Identify trends, issues, and opportunities within the portfolio, and provide proactive recommendations for operational improvements or cost-saving initiatives
• Ensure the implementation and adherence to sound internal controls, risk management practices, and compliance with financial regulations and policies and compliance with accounting standards (IFRS, GAAP) and regulatory requirements across all financial reporting and management activities
• Work closely with legal, tax, and compliance teams to ensure financial operations meet regulatory requirements and mitigate financial risks
• Drive initiatives to streamline financial processes, implement technological solutions, and improve efficiency across reporting, budgeting, and forecasting activities ensuring that the business has access to the most accurate and timely financial information
• Lead and mentor a high-performing finance team, fostering a culture of collaboration, excellence, and accountability and drive team engagement through effective communication, coaching, and professional development opportunities
• Other tasks as required
  
  
  

Requirements

Qualifications:

Degree educated within the fields of Finance, Accounting Business Management or a related field

Professional Certifications (if required):

Relevant Finance & Accounting certifications and industry memberships/affiliations

Years of Experience:

• 15+ years of Finance & Accounting experience
• 10+ years in a managerial / leadership position
• Hospitality experience with pre-opening & operations experience (preferred)
• International experience including prior experience within MENA (preferred)