Asset Manager

Job Description

Asset Manager -UAE National
 

JOB DETAILS

Position Title: Asset Manager

Reports to: Head of Hospitality Asset Management

Division: Hospitality & Leisure

Department: Wasl Hospitality

Asset Manager will assist in optimizing the performance and value of the company’s hotel investment portfolio.

Scope:

This role entails analyzing hotel operations, financial performance, and strategic planning to boost profitability and asset value.

Principal Accountables:

Analysis of Hotel Financial Data:

• Review and analyze Hotel Profit and Loss (P&L) statements.
• Produce comprehensive reports and presentations as requested by management.

Communication with Hotels:

• Identify inefficiencies in hotel P&L statements and share Wasl’s benchmarking tools to highlight potential KPIs.
• Serve as the primary contact for hotels on special projects, deep dives, and data collection efforts.

Perform Trend Analysis:

• Prepare detailed trend analysis reports with conclusions and comments on major KPIs and business drivers.

Maintenance of wasl Hospitality Dashboard:

• Ensure accurate and timely data migration to the wasl Hospitality dashboard using Microsoft BI.
• Continuously enhance BI data analysis tools to improve data insights.

Attend Business Review Meetings:

• Support Asset Managers and actively participate in business review meetings.

Analysis of Hotel Budgets and Monthly Forecasts:

• Engage in the budget review process by analyzing hotel budgets and commenting on major KPIs based on market research and trend analysis.
• Review monthly forecast reports and highlight potential risk areas.

Feasibility Studies / ROI Projections:

• Review feasibility studies and ROI projections submitted by hotels, providing comments and suggestions.

Market Research (Hotel Benchmarking Reports, STR, etc.):

• Gather market intelligence and benchmarking reports, providing actionable recommendations to optimize performance.

Monthly Financial Statements:

• Review hotel financial reports prior to business review meetings to ensure accuracy and completeness.

Asset Registry:

• Act as custodian of hotels’ loose and fixed assets.
• Monitor and review asset disposal forms and annual audit reports from hotels.

Support Portfolio-Wide Synergy Activities:

• Support Asset Managers in synergy and cost management activities across the wider portfolio.

Hospitality Partners:

• Maintain a comprehensive database of hospitality partners, including hotel and F&B operators and potential tenants.

Annual Hotel Asset Strategy Reports:

• Review and critique hotels’ asset strategy plans.
• Monitor and track the achievement of targets on a monthly and quarterly basis.

Key Working Relationships:

Internal: Support functions like Finance, Projects, RED, Investments.

External: Hotel team, Executive Committee, Hotel Directors, Heads of departments and General Manager of Hotels

Minimum Recruitment Requirements:

Qualifications:

• Bachelor’s degree in Hotel Management, Finance, Business Administration, or a related field. Masters Preferred.
• Professional certification in Hospitality Management is a plus.

Knowledge:

• Knowledge of the hospitality industry and market trends.
• Familiarity with hotel benchmarking reports and tools such as STR.
• Experience in conducting feasibility studies and ROI projections.
• Proficiency in Business Intelligence & MS Office suite especially Excel & Power Point

Job Skills:

• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and projects simultaneously.
• Detail-oriented with a focus on accuracy and quality.
• Ability to work collaboratively in a team environment.
• Strong organizational skills and ability to meet deadlines.

Experience:

• 3 – 5 years’ experience working with a hotel asset management related consultancy or a hotel investment company.