Join Red Sea Global Hospitality and become part of a team leading the change in responsible development and regenerative tourism.
Job Title: Credit Manager
Department: Finance
Reporting to: Director of Hospitality Finance
About Us
Welcome to the next generation of hospitality excellence. We're on a mission to recruit the finest in our industryseize the opportunity to become part of this pioneering team. Our ethos is deeply rooted in Respect, Responsibility, Passion, and Collaboration, values that guide us in creating extraordinary experiences for our guests and a thriving workplace for our team members. We offer more than just a jobwe provide an opportunity to shape the future of luxury hospitality.
The Role
As a Credit Manager, you will play a pivotal role in establishing and maintaining robust credit policies and practices that support our business objectives while mitigating financial risk. Your expertise in credit management will ensure the integrity of our financial operations and enhance the overall guest experience by enabling seamless and efficient credit transactions.
Key Areas of Responsibilities
Please note that the responsibilities outlined below are not exhaustive. Red Sea Global Hospitality employees continuously innovate in caring for the needs of the business, their guests, and their colleagues. As a Credit Manager, you will need to:
- Credit Policy Development: Design, implement, and continuously refine comprehensive credit policies and procedures that align with organizational goals and industry best practices.
- Risk Assessment and Management: Conduct in-depth credit evaluations and risk assessments for both individual guests and corporate accounts, utilizing analytical tools and market insights to determine creditworthiness.
- Credit Application Processing: Oversee the review and approval process for credit applications, ensuring adherence to established criteria and timely communication with applicants regarding credit decisions.
- Collections Strategy: Develop and execute proactive collections strategies to minimize overdue accounts while maintaining positive relationships with guests and corporate clients to foster loyalty and trust.
- Cross-Department Collaboration: Collaborate closely with sales, reservations, and other departments to streamline credit processes, ensuring that team members have the necessary tools and information to enhance guest satisfaction.
- Data Analysis and Reporting: Generate detailed financial reports and dashboards that provide insights into credit performance metrics, trends, and potential areas for improvement, presenting findings to the executive team for strategic decision-making.
- Training and Development: Lead training initiatives for team members on credit management best practices and policies, fostering a culture of financial awareness and accountability within the organization.
- Compliance and Auditing: Ensure compliance with relevant financial regulations and internal policies, conducting regular audits of credit processes to identify and mitigate potential risks.
Qualifications and Standards
To excel in this role, candidates should meet the following qualifications:
- Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field; a Master's degree or professional certification) is preferred.
- Experience: Minimum of 4 5 years experience in credit management or financial analysis, with a proven track record in the hospitality or service industry.
- Technical Skills: Proficiency in credit management software and financial reporting tools, along with advanced skills in Microsoft Office Suite (especially Excel).
- Analytical Skills: Strong analytical skills to assess credit risks and financial data effectively, providing actionable insights for management.
- Interpersonal Skills: Excellent communication and interpersonal skills, with the ability to build and maintain relationships with clients and internal teams.
- Leadership Abilities: Demonstrated leadership skills with the ability to mentor and develop team members.
- Problem-Solving Skills: Strong problem-solving skills to address credit-related challenges proactively.
- Attention to Detail: High level of accuracy and attention to detail in all aspects of credit management.
In Return, What We Offer
- Exciting opportunities for personal and professional development at all levels, featuring targeted development programs aimed at equipping you for your next career move.
- Competitive compensation package.
- Access to exclusive perks, complimentary nights, and benefits within Red Sea Global Hospitality.
- Health Insurance coverage whilst in service.
- A supportive and inclusive work environment that values diversity and collaboration.
- Employee Recognition Programs.
- Daily meals on duty and uniform dry-cleaning services.
- Year-round events of social, wellness programs, charity drives, and sports activities.
Accessibility and Adjustments
We welcome all applicants and are keen to ensure our employees reflect the diversity of the Kingdom of Saudi Arabia and the communities we serve. We are committed to providing reasonable adjustments throughout our recruitment process, and we'll always endeavor to be as accommodating as possible. If you would like to discuss any specific requirements, please get in touch with us.
Red Sea Global Hospitality is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage individuals from all backgrounds to apply.
