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Financial Asset Section Head (Gulf Area)

Riyadh, Saudi Arabia
Posted 2 years ago
99Applicants for1 open position
  • 72Viewed
  • 7In Consideration
  • 0Not Selected
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Job Details

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Job Description

The Financial Asset Section Head will be responsible for maximizing the value of the firm's assets. This individual will develop and execute an asset management strategy encompassing property leasing, capital expenditures, and third-party manager relationships. The person in this role will be a member of the asset management team and will have a significant responsibility for, and impact on, the portfolio's financial performance.

Responsibilities:

  • Updating the documents and data related to the company's assets in line with its current and future policy.
  • Implementation and follow-up of all procedures that apply to fixed assets.
  • Implementation and follow-up of all procedures for financial projects.
  • Make a record of the company's fixed assets and ensure that it is always updated.
  • Make a plan to follow up on fixed assets and deal with them according to the applicable accounting principles.
  • Thorough knowledge of market performance and real estate operations, collaborate with marketing, revenue management, accounting, financial planning & analysis, capital investment, renovation, and income strategy departments to formulate and execute strategies intended to maximize portfolio value and report performance results to leadership.
  • Leverage monthly and quarterly financial statements, and a host of analytical tools to identify property and portfolio underperformance to budget and/or market benchmarks and collaborate with the relevant team members to correct issues.
  • Incorporate a value-oriented approach to each asset by analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and financial decisions.
  • Conduct frequent physical inspections of each property in assigned portfolio to develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement and communicate those opportunities among relevant internal and external teams.
  • Assisting in preparing a daily position with cash inflows and outflows at the level of all branches and providing the necessary liquidity to pay the supplier's dues.
  • Take active role in creation of annual operating and capital budgets. Collaborate with teams and impart property and market knowledge to create comprehensive budgets that meet targeted investment strategies and objectives.

Job Requirements

  • Bachelor's degree in Accounting, Business, Finance, or equivalent practical experience.
  • 8 - 10 years of experience.
  • CPA, CA, or CIA is a plus.
  • Males only
  • Collaborative style, and ability to work well in a fast-paced environment with cross-functional and international regional teams.
  • Excellent analytical skills, and ability to communicate effectively with executive management.
  • Solid attention to detail, organizational skills and focus on continuous improvement.

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JobsAccounting/FinanceFinancial Asset Section Head (Gulf Area)