Finance Senior Manager - Property Management… at Qiddiya… · Qiddiya…

Qiddiya Investment Company (QIC) 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. Within this ecosystem, the Staff Accommodation portfolio plays a critical role in housing Qiddiya’s workforce and includes associated retail, leisure, and F&B amenities. With the portfolio projected to scale to approximately 13,000 residential units by 2030, robust financial leadership is essential to ensure long‑term asset value, operational efficiency, and financial sustainability.

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. The position partners closely with Property Management, FM, Community Management, AM, Procurement, and Development teams to ensure financially sound operational models, service delivery frameworks, and commercial strategies.

The Finance Sr. Manager will play a pivotal role during the readiness and transition of staff accommodation assets launching in 2026–2027. The immediate mandate is to design and implement the financial infrastructure required for operational go‑live—establishing budgets, cost baselines, financial controls, pricing strategies, service charge models, vendor commercial terms, and performance measurement frameworks. The role will ensure financial readiness of PM, FM, community, and occupancy operations, and support the implementation of digital financial systems and reporting dashboards.

As assets move into operational phases, the Finance Sr. Manager will drive financial stabilization and performance optimization across early phases. This includes strengthening cost efficiency, monitoring financial KPIs, improving vendor commercial performance, embedding governance and compliance, and ensuring transparency on spend, commitments, risks, and financial outcomes. The position will support revenue optimization opportunities, financial risk management, sustainability-led cost savings, and multi‑year asset value enhancement.

The Finance Sr. Manager will ensure the staff accommodation portfolio operates on a financially sustainable foundation, maximizing asset value, improving margin performance, ensuring regulatory and policy compliance, overseeing audits and financial controls, and enabling scalable financial planning as the portfolio grows significantly toward 2030 and beyond.

Key Responsibilities

Strategic Financial Leadership

• 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.

Financial Operations & Governance

• 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.

Budgeting, Forecasting & Cost Management

• Lead annual budgeting, OPEX/CAPEX planning, monthly reforecasting, and long‑range planning for the full portfolio.
• 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.

Commercial & Vendor Oversight

• 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.

Asset Value & Performance Optimization

• 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.
• Lead financial risk management—identifying cost, budget, contract, and performance risks with clear mitigation plans.

Digital & Process Enablement

• Lead implementation of financial systems, dashboards, and reporting tools supporting digital PM operations.
• Ensure integration of ERP, CAFM/CMMS, resident billing, meal management, and access control systems into financial workflows.
• Drive automation, analytics, and data‑driven decision making throughout the property management ecosystem.

Financial Reporting, Controls & Compliance

Financial Reporting

• 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 portfolio financial health - 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.

Controls & 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.

Procurement & Contract Compliance

• Validate financial governance for all procurements linked to property management and operations.
• Ensure RFPs include accurate cost baselines, financial evaluation criteria, and life‑cycle cost considerations.
• Perform financial due diligence for vendor qualifications, financial stability, and contractual exposure.
• Approve commercial terms, variations, claims, and disputes based on financial merit and contract governance.

Audit & Assurance

• Lead financial audits for the staff accommodation portfolio and ensure timely closure of audit findings.

• Perform regular financial health checks for vendor contracts, budget performance, and compliance gaps.

• Develop corrective actions to strengthen financial discipline and governance.

• 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.

Offering a comprehensive compensation and benefits package.