Overview
Position
Business Specialist
Job Code
Reports to
Senior Manager Distribution and Revenue
Direct Reports
None
Division/Section
Department
Sector
NEOM Hotel Development
Job Family
Role Purpose
To provide commercial analysis and financial insights for NEOM Hotel Development on its developing concepts and strategies, with the purpose of ensuring that leaders are equipped with the relevant information they need to take well-informed decisions within NEOM’s hospitality landscape.
Key Accountabilities & Activities
Strategy and Concept Development
Support in the development of innovative and tailored operating models, distribution strategies and related activities for to enable NHD to become a future hotel operator
Support in the development of the incorporation business case for NHD
Continuous assessment of the operating model and distribution strategy (once both implemented) on a holistic basis through the evaluation of multiple scenarios and the development of use cases
Creation of product and service concepts and strategies for hospitality, and related developments in NEOM and The Line
Creation and refinement of the branded residence strategy for NEOM, by working in collaboration with relevant residential and tourism teams, as well as external consultants
Asset Management support
Supports the establishment of a future focused asset management function based on data and data projections
Assists in establishing the strategy and implementation plan that will enable the creation of a state-of-the-art asset management function
Researches other industries for inspiration and inclusion into the asset management methodology
Financial Analysis and Modeling
Comprehensive and sophisticated financial modeling exercises related to the operating model, NHD business cases, hospitality concepts and strategies
Enhancement and/or adjustments to existing financial modeling tools
Development of other finance or math related models for internal use
Collaboration with respective departments in NEOM for more sophisticated financial models and studies, such as Corporate Finance, Strategic Finance or Investments
Research and Analysis
Market research to identify industry trends and best practices
Market research that supports the development of strategies and concepts such as branded residences or operating models
Analysis and insight creation of market research findings
Presentation of insights to the wider team for learning and development purposes, as applicable (NHD or NEOM wide)
Planning and Project Management
Planning of hotel development projects by defining and reviewing project scope, objectives and budgets
Coordination (with external consultants) to ensure project alignment and successful execution
Monitoring of project progress and reporting of any deviations from the scope or budget to senior management
Stakeholder Management and Communication
Effective communication with all team members, stakeholders, and external consultants
Active participation in regular department meetings and project update sessions
Collaboration with cross-functional teams to ensure that proposed concepts and strategies fit to the overall NEOM strategy
Presentation of research findings and strategy or concept recommendations to senior management through engaging and professional presentation tools and techniques
Representation of NEOM to the external environment during events and exhibitions, as applicable
Background, Skills & Qualifications
Knowledge, Skills and Experience
Thorough understanding of the hospitality industry and hotel development
Expertise in research methodologies and financial analysis
Strong communication and presentation skills
Ability to work in a fast-paced environment and manage multiple tasks and responsibilities
Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)
Excellent research and analytical skills
Qualifications
Bachelor in business management related studies
And/or
Experience in a management role related to Hospitality (Development)
COMMUNICATION - MAIN STAKEHOLDERS
Internal
External
Regional Proponents
Head of Hotel Development
Internal team within NEOM Hotel Development
Sector representatives from sectors such as Residential, Tourism, Finance, and other
Advisors and Consultants to the department (SMP’s and project managers)
Potential partners and investors