Revenue Executive

Company Description

Fairmont Bab Al Bahr is a 5-star Abu Dhabi beach resort with a stunning setting on Abu Dhabi Creek. Our luxurious urban hideaway offers unparalleled panoramas over the glittering white-marble minarets of iconic Sheikh Zayed Grand Mosque. Alongside exquisite restaurants and bars, Fairmont Abu Dhabi boasts 366 spacious rooms, suites and a villa. Designed with discerning business and leisure guests in mind, our incomparable facilities include a private beach, pool, meeting rooms, and a magnificent ballroom for lavish celebrations.

Job Description

Job Overview:

The Revenue Executive is responsible for overseeing the revenue processes, ensuring accurate and timely reporting of all revenue-related financial information. This role includes supervising staff involved in revenue processing and collection, and working closely with reservations and other departments to maximize revenue streams, enhance financial controls, and contribute to the overall profitability of the company.

Responsibilities

• Daily pick-up analysis, strategy adjustments and reporting
• Consistent weekly and monthly revenue reporting, ensuring accuracy and compliance with financial standards.
• Conduct detailed revenue analysis, identifying trends, variances, and opportunities for improvement.
• Collaborate with the Director of Revenue to develop and implement revenue optimization strategies.
• Perform competitive benchmark studies and follow market trends
• Ensure all related systems are configured correctly, validated and working to full capacity
• Responsible for the entire distribution framework, rate code and package management
• Ensure web site booking process and all other distributon tools and channels are maintained up-to-date and functional
• Regularly check the input and the quality of data (segmentation & channel)
• Lead and supervise a team responsible for billing, invoicing, and revenue collection, ensuring adherence to company policies.
• Ensure accurate reconciliation of revenue reports with accounting systems
• Assist in preparing monthly revenue forecasts, budgets, and projections in collaboration with the finance team.
• Assist with internal and external audits, ensuring proper documentation and explanation of revenue transactions.
• Ensure compliance with company policies, industry regulations, and tax requirements related to revenue.
• Prepare and present financial reports to senior management regarding revenue performance, forecasts, and key performance indicators (KPIs).
• Identify and implement improvements in the revenue management process to enhance efficiency and accuracy.
• Address and resolve customer inquiries or issues related to revenue discrepancies.
• Collaborate with all third party partners to manage and oversee the overall strategy
  
  

Qualifications

Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Minimum 3-5 years of experience in revenue management, accounting, or a related role. Prior experience in reservations is a must.
• Prior supervisory experience is a plus.
• Strong analytical and problem-solving skills.
• Computer literate with a high-level command of MS Office(Excel, Macros & Powerpoint) and other data analysis tools
• Knowledge of technology systems: PMS, RMS, GDS, CRS, Extranets & Business Intelligence Tools
• Excellent communication skills.
• Ability to work under pressure and meet tight deadlines.
• Strong attention to detail and a commitment to accuracy.