Credit Manager Raffles & Fairmont The Red Sea📣 Job Ad

About the Credit Manager Role

Raffles & Fairmont The Red Sea, part of the Red Sea Project in Saudi Arabia, is seeking a Credit Manager to join its team in Umluj. This role is integral to the financial operations of the resort, which features 361 rooms, multiple dining concepts, a spa, and is situated near an 18-hole golf course. The resort is committed to sustainable development along a pristine coastline with numerous islands and significant marine and archaeological sites.

Role Overview

The Credit Manager will be responsible for overseeing the hotel's credit operations, ensuring financial health, and maintaining client relationships. This full-time position requires a proactive approach to risk management and financial administration within a luxury hospitality environment.

Key Responsibilities

• Develop and implement credit policies and procedures to mitigate financial risks.
• Analyze credit applications and assess the creditworthiness of corporate clients and travel agencies.
• Manage accounts receivable and oversee debt collection processes.
• Collaborate with sales and finance teams to establish credit limits and terms for clients.
• Monitor and report on credit portfolio performance, identifying trends and potential risks.
• Negotiate payment plans and resolve disputes with delinquent accounts.
• Ensure compliance with local and international financial regulations.
• Prepare regular financial reports and presentations for senior management.
• Implement and maintain credit management software systems.
• Train and supervise credit department staff.
• Stay updated on industry trends and best practices in credit management.

Qualifications and Experience

• Bachelor's degree in Finance, Accounting, or a related field.
• A minimum of 5 years of experience in credit management, with a preference for experience in the hospitality industry.
• Professional certifications such as Certified Credit Professional (CCP) or Certified Credit Executive (CCE) are preferred.
• Strong knowledge of financial analysis and credit risk assessment techniques.
• Proficiency in accounting software, Microsoft Office Suite, and CRM systems.
• Experience with international clientele and an understanding of global financial practices.
• Familiarity with Saudi Arabian financial laws and regulations.

Required Skills

• Excellent analytical and problem-solving skills.
• Strong leadership and team management abilities.
• Exceptional communication and negotiation skills.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Fluency in English; knowledge of Arabic is considered a plus.

Work Environment and Location

This is a full-time position based in Umluj, Saudi Arabia, within the Tabuk region. The role offers the opportunity to contribute to the pre-opening operations of two iconic resorts within the Red Sea Project, a significant new destination. Candidates will join a team dedicated to creating luxury hospitality experiences.