Job Description

Job SummaryThe 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.

• 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.
• 4 years of experience in an Asset Management / Hospitality role.
• Excellent written and oral communications.
• Structured, methodical and with experience delivering concise, professional and relevant papers.
• Strong team player skills
• Highly analytical with an eye for detail.
• Excellent MS Office skills. Experience conducting feasibility studies and ROCE analyses

Macdonald & Company