Finance Senior Manager - Property Management Staff Accommodation - 002 - DA3
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Key skills for this role
About the Role
Qiddiya Investment Company seeks a Finance Senior Manager to lead the financial strategy for its Staff Accommodation portfolio. The role oversees budgeting, financial operations, governance, and vendor management for a portfolio scaling to 13,000 units by 2030.
Key Skills for This Role
Responsibilities
- Lead end to end financial strategy for the Staff Accommodation portfolio, ensuring financial sustainability and long term asset value creation
- Develop multi year financial plans aligned with portfolio expansion to 13,000 units by 2030
- Establish financial frameworks supporting property management, facilities management, community management, security, catering, and occupancy operations
- Develop and oversee service charge models, cost recovery mechanisms, pricing structures, and resident billing strategies
- Build and lead financial operating infrastructure for new assets launching in 2026 2027, including budgeting, cost baselines, and procurement financial reviews
- Implement strong financial governance, internal controls, approval workflows, and spend management protocols
- Lead annual budgeting, OPEX/CAPEX planning, monthly reforecasting, and long range planning
- Drive cost optimization initiatives across utilities, FM spend, staffing, maintenance, and service contracts
- Evaluate and approve commercial terms for all PM/FM/community/catering/security vendors
- Oversee monthly, quarterly, and annual financial reporting, including OPEX performance, CAPEX spending, and budget vs. actual variances
Requirements
- Bachelor's degree in Finance, Accounting, Real Estate, or related field
- Minimum 8 10 years of progressive finance experience with significant exposure to property management or real estate finance
- Strong expertise in financial modeling, budgeting, and reporting
- Excellent analytical, communication, and leadership skills
- Proven ability to work collaboratively with cross functional teams
- Experience with property management systems and relevant financial software is an advantage
- Knowledge of relevant regulatory and compliance standards
Full Job Posting
Company Overview
- Qiddiya Investment Company is developing one of the region's largest and most diverse asset portfolios, spanning residential communities, hospitality, retail, entertainment, sports, education, healthcare, and staff accommodation.
- The Staff Accommodation portfolio is projected to scale to approximately 13,000 residential units by 2030.
Role Overview
- The Finance Sr. Manager Property Management (Staff Accommodation) will serve as the senior financial leader accountable for the full financial lifecycle of the staff accommodation portfolio.
- The role provides strategic financial direction, oversees financial operations, ensures governance and controls, optimizes cost structures, leads budgeting and forecasting, and supports long term asset stewardship.
Key Responsibilities
- Lead the end to end financial strategy for the Staff Accommodation portfolio, ensuring financial sustainability, scalability, and long term asset value creation.
- Develop multi year financial plans aligned with portfolio expansion to 13,000 units by 2030.
- Establish financial frameworks supporting PM, FM, community management, security, catering, and occupancy operations.
- Develop and oversee service charge models, cost recovery mechanisms, pricing structures, and resident billing strategies.
- Provide financial input into operating model design, operator selection, and commercial negotiations.
- Build and lead the financial operating infrastructure for new assets launching in 2026 2027, including budgeting, cost baselines, procurement financial reviews, and contract commercial governance.
- Implement strong financial governance, internal controls, approval workflows, and spend management protocols.
- Partner with Property Management, FM, AM, and Procurement to ensure commercial terms, KPIs, and SLAs drive cost efficiency and vendor performance.
- Oversee financial aspects of operator contracts, including risk sharing, performance penalties/rewards, and OPEX/CAPEX alignment.
- Lead annual budgeting, OPEX/CAPEX planning, monthly reforecasting, and long range planning for the full portfolio.
Additional Responsibilities
- Validate cost assumptions and financial implications of service delivery models (FM, community, security, catering, mobility, cleaning, helpdesk, etc.).
- Drive cost optimization initiatives across utilities, FM spend, staffing, maintenance, and service contracts.
- Ensure accurate financial modelling for phased openings, occupancy ramps, and stabilization periods.
- Evaluate and approve commercial terms for all PM/FM/community/catering/security vendors.
- Ensure pricing proposals, cost schedules, variations, and change requests are financially validated and aligned with budget.
- Lead commercial due diligence during operator procurement and contract renewals.
- Monitor vendor performance against financial KPIs, compliance, and cost efficiency metrics.
- Drive financial levers that enhance asset profitability, lifecycle value, and operational efficiency.
- Evaluate ROI on FM strategies, sustainability initiatives, digital platforms, and cost saving programs.
- Support lifecycle asset management plans, including reserve fund modelling, maintenance planning, and replacement strategies.
Financial Reporting, Controls & Compliance
- Oversee monthly, quarterly, and annual financial reporting for the staff accommodation portfolio, including OPEX performance, CAPEX and lifecycle spending, budget vs. actual variances, forecast accuracy, and occupancy linked revenue/cost performance.
- Prepare executive level financial dashboards and presentations for senior leadership, Development Committee, and Board.
- Ensure transparent reporting on commitments, accruals, risks, and vendor financial compliance.
- Establish and enforce financial controls aligned with corporate governance requirements.
- Ensure compliance with internal audit, external audit, and regulatory financial obligations.
- Maintain contract compliance for all operator/vendor agreements, including adherence to commercial terms and performance metrics.
- Ensure accurate and compliant processing of service charges, resident billing, refunds, credits, and financial records.
- Oversee financial risk management including exposure mapping, financial mitigations, and contingency planning.
- Ensure all financial practices comply with Saudi laws, regulatory frameworks, Qiddiya policies, and internal accounting standards.
- Validate financial governance for all procurements linked to property management and operations.
Requirements
- Bachelor's degree in Finance, Accounting, Real Estate, or a related field; MBA or relevant professional certification is preferred.
- Minimum 8 10 years of progressive finance experience, with significant exposure to property management or real estate finance.
- Strong expertise in financial modeling, budgeting, and reporting.
- Excellent analytical, communication, and leadership skills.
- Proven ability to work collaboratively with cross functional teams.
- Experience with property management systems and relevant financial software is an advantage.
- Knowledge of relevant regulatory and compliance standards.
Benefits
- Offering a comprehensive compensation and benefits package.
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