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Senior Manager, Asset Management

Country:  Singapore
State:  Singapore
Job Function:  Investment & Asset Management
Job Posting Date:  28 Nov 2024

ABOUT FRASERS PROPERTY LIMITED
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services across the property value chain. The Group is listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore.

Frasers Property's multinational businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries and more than 70 cities across Asia, Australia, Europe, the Middle East and Africa.

Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.

The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and is invested in promoting a progressive, collaborative and respectful culture.

For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.

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
  • 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

Diversity brings us closer to the communities we serve.

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 organisation, which helps our people to thrive each day.

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