Business Specialist

Job Description

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