Assistant Manager, Asset Management
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
- 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
Key Qualification
- 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