Job Summary
Job Description
Overall Responsibilities
- Lead the Asset Management team for an assigned portfolio of hotels.
- Drive operational and financial performance through data analysis, strategic planning, and issue resolution.
- Act as a business partner to Hotel GMs and Operator HQ, managing key stakeholder relationships.
- Coach and mentor junior team members to build critical thinking and technical skills.
Strategic Planning
- Understand each hotel's unique business context, market environment, and operational needs.
- Collaborate with hotel teams, shared services, and consultants to align development and operational plans with financial goals.
Driving Asset Performance
- Align hotel performance expectations between stakeholders and hotel management.
- Improve and coordinate reporting systems to monitor performance and identify improvement areas.
- Review forecasts and financial results, including cash flow, AR/AP, and loan obligations.
- Develop performance analysis tools and financial models to support strategic decisions.
- Propose and track improvement initiatives with hotel GMs and monitor progress through review meetings.
- Evaluate operational processes and management structures for efficiency and effectiveness.
Competitor Benchmarking
- Monitor market trends, demand/supply conditions, and key performance metrics.
- Analyze occupancy, rates, and sales data from internal and external sources.
- Provide insights to help hotels adjust strategies based on anticipated market shifts.
Compliance Monitoring
- Ensure hotels maintain valid licenses and permits via the External Affairs team.
- Coordinate with Corporate Services to monitor insurance coverage and claims processes.
Administration & Reporting
- Lead a team of Asset Managers/Executives in line with business needs.
- Prepare reports and proposals for management and board-level approvals.
- Coordinate board meetings and maintain comprehensive asset records.
- Provide regular updates on asset performance, key initiatives, and pending actions.
Other Assignments
- Undertake special projects or cross-functional assignments as needed.
Key Qualification
- Bachelor's or Master's degree in Finance, Business Administration, Hospitality Management, or a related field.
- 8+ years in hotel asset management, investment analysis, or hospitality finance.
- Strong financial analysis and modeling skills.
- Experience in hotel operations and investment performance management.
- Ability to manage multiple stakeholders, including hotel GMs and operators.
- Excellent problem-solving and decision-making abilities.
- Fluent in both written and spoken EnglishTeam Player and management 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 organization, which helps our people to thrive each day.
