Senior Manager /Assistant Vice President Asset Management
Salary undisclosed
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Job Summary
The successful candidate will be part of the Asset Management team for a global portfolio of hospitality real estate. He/She will act as a capital steward and be responsible for the strategic planning and tactical operations of the assets in the portfolio, including primarily - asset planning, annual budget and business plan reviews, Asset Enhancement Initiatives (AEIs) and valuations.
Job Description
Guided by our Purpose, we are creating, inspiring, and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organization, which helps our people to thrive each day.
The successful candidate will be part of the Asset Management team for a global portfolio of hospitality real estate. He/She will act as a capital steward and be responsible for the strategic planning and tactical operations of the assets in the portfolio, including primarily - asset planning, annual budget and business plan reviews, Asset Enhancement Initiatives (AEIs) and valuations.
Job Description
- Working with individual property teams and respective Team leads to develop strategies for each asset assigned to optimize profitability and cash flows.
- Carry out monthly owner’s meetings with the property teams in assigned assets.
- Identifying key opportunities for each asset and preparing an action plan for implementation with the property team
- Reviewing monthly management reports and financial statements
- Identifying potential AEIs and working on ROI analyses, designer and consultants selection, submission for relevant internal approvals to management of the works to be completed on-time and within budget.
- Reviewing and analyse Annual Operating & CapEx Budgets and submission for relevant approvals.
- Carry out annual valuation exercise for portfolio, including but not limiting to conducting RFP and managing the valuation process.
- Preparing monthly and quarterly reports for the assigned properties covering asset performance, market outlook, major drivers of past and future performance as well as major CapEx.
- Liaise with auditors and other external professional advisors on matters pertaining to the assets.
- Preparing papers to obtain approvals for all major AEIs, Annual Operating & CapEx Budgets and major decisions affecting assigned assets.
- Assist or lead in any other projects as required from time to time
- A good degree in Real Estate or Hospitality, additional qualifications like an MBA or CFA will be favorably considered
- 8-10 years of experience in an Asset Management / Hospitality role
- Experience conducting feasibility studies and ROCE analyses.
- Skills in Monitoring, benchmarking and supporting the hotel operators and prior experience to integrate ESG measures into the asset.
- Experience in understanding owner’s obligation concerning Net Operating Income/Property before Tax Cash Flow.
- Excellent Financial acumen, Negotiating and Analytical skills
- Structured, methodical and with experience delivering concise, professional and relevant papers.
- Strong team player skills
- Excellent presentation and communication skills
Guided by our Purpose, we are creating, inspiring, and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organization, which helps our people to thrive each day.
Job Summary
The successful candidate will be part of the Asset Management team for a global portfolio of hospitality real estate. He/She will act as a capital steward and be responsible for the strategic planning and tactical operations of the assets in the portfolio, including primarily - asset planning, annual budget and business plan reviews, Asset Enhancement Initiatives (AEIs) and valuations.
Job Description
Guided by our Purpose, we are creating, inspiring, and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organization, which helps our people to thrive each day.
The successful candidate will be part of the Asset Management team for a global portfolio of hospitality real estate. He/She will act as a capital steward and be responsible for the strategic planning and tactical operations of the assets in the portfolio, including primarily - asset planning, annual budget and business plan reviews, Asset Enhancement Initiatives (AEIs) and valuations.
Job Description
- Working with individual property teams and respective Team leads to develop strategies for each asset assigned to optimize profitability and cash flows.
- Carry out monthly owner’s meetings with the property teams in assigned assets.
- Identifying key opportunities for each asset and preparing an action plan for implementation with the property team
- Reviewing monthly management reports and financial statements
- Identifying potential AEIs and working on ROI analyses, designer and consultants selection, submission for relevant internal approvals to management of the works to be completed on-time and within budget.
- Reviewing and analyse Annual Operating & CapEx Budgets and submission for relevant approvals.
- Carry out annual valuation exercise for portfolio, including but not limiting to conducting RFP and managing the valuation process.
- Preparing monthly and quarterly reports for the assigned properties covering asset performance, market outlook, major drivers of past and future performance as well as major CapEx.
- Liaise with auditors and other external professional advisors on matters pertaining to the assets.
- Preparing papers to obtain approvals for all major AEIs, Annual Operating & CapEx Budgets and major decisions affecting assigned assets.
- Assist or lead in any other projects as required from time to time
- A good degree in Real Estate or Hospitality, additional qualifications like an MBA or CFA will be favorably considered
- 8-10 years of experience in an Asset Management / Hospitality role
- Experience conducting feasibility studies and ROCE analyses.
- Skills in Monitoring, benchmarking and supporting the hotel operators and prior experience to integrate ESG measures into the asset.
- Experience in understanding owner’s obligation concerning Net Operating Income/Property before Tax Cash Flow.
- Excellent Financial acumen, Negotiating and Analytical skills
- Structured, methodical and with experience delivering concise, professional and relevant papers.
- Strong team player skills
- Excellent presentation and communication skills
Guided by our Purpose, we are creating, inspiring, and nurturing an inclusive culture that unlocks the power of diverse teams to drive Frasers Property forward. Our values drive everything we do, which are core to creating safe places where everyone belongs, is mutually respected and feels empowered to be authentic at work. Working collaboratively makes us progressively stronger and better as an organization, which helps our people to thrive each day.