Asset Manager

Position Objectives: We are looking for an experienced and strategic hospitality Asset Manager to oversee and optimize the performance of our hotel properties. The ideal candidate will have a strong background in asset management, financial analysis, and hospitality operations, with a focus on maximizing profitability, value, and overall asset efficiency.

Key Responsibilities

Asset Performance Optimization

• Analyze and monitor the financial performance of assigned hotels.
• Develop and implement strategies to maximize revenue, profitability, and asset value.

Financial Analysis and Reporting

• Conduct regular financial analysis, including revenue management, budgeting, and cost control.
• Attend weekly revenue calls and monitor forecasts.
• Prepare comprehensive financial reports for senior management and ownership.
• Approve annual budgets and ensure they deliver sufficient cash flow for investor returns.

Operational Oversight

• Collaborate with hotel management teams to ensure properties operate efficiently and effectively.
• Conduct regular property inspections to assess operational standards and areas for improvement.

Capital Planning and Management

• Develop and oversee capital expenditure plans and renovation projects to enhance asset value.
• Ensure alignment of capital projects with strategic goals and financial targets.

Asset Valuation and Investment Analysis

• Conduct property valuations and market assessments to identify opportunities for asset growth.
• Support investment decisions through detailed financial modeling and scenario analysis.

Risk Management and Compliance

• Identify potential risks affecting asset performance and develop mitigation strategies.
• Ensure compliance with relevant laws, regulations, and industry standards.

Stakeholder Liaison

• Serve as a liaison between property owners, management teams, and stakeholders.
• Communicate asset performance updates and strategic initiatives to key stakeholders.

Qualifications

• Bachelor’s degree in finance, business administration, hospitality management, or a related field.
• 10 years experience as an asset manager in the hospitality industry or similar management roles.
• Strong analytical skills with proficiency in financial modeling and performance analysis.
• Excellent communication and negotiation abilities.
• In-depth understanding of hotel operations and market dynamics.
• Proficiency in asset management and financial analysis software.

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• Weekends as needed

Willingness to travel:

• 75% (Required)

Work Location: On the road