Role details

Asset Manager/Director

Norwalk   •  Permanent

Bullet points

  • Hospitality or Real Estate Experience Needed
  • Asset Management, Capital Budgets, and Cash Flow Expertise Needed

About Our Client

A third party hotel ownership group with expertise in luxury brands such as Starwood, Hilton, and Marriott.

Job Description

Detailed job description:

  • Support and strengthen the annual budgeting process to drive attainment of annual and strategic objectives.
  • Lead the analysis of the monthly, quarterly, and annual results, forecasts, and plans and prepare presentations for senior
  • leadership team and other forums.
  • Review monthly Financial Report to ensure accuracy and timely submittal to ownership by required deadlines.
  • Conduct monthly strategic analysis of financial reports to assess opportunity areas.
  • Ensure accuracy and completeness of Ownership Monthly Reporting Packages.
  • Monitor and support the forecasting process to focus hotel management on the issues and opportunities within the business
  • Facilitate the completion of each properties yearly operating budget. This includes the validation of data, strategies, and
  • compliance to the hotel management agreements.
  • Facilitate the completion and execution of each properties yearly capital budget. This includes creating the capital budgets based
  • on input from the Brands, IT, property level EC team, PIP's, the Asset Manager, and other sources.
  • Continue to facilitate throughout the year on the execution and planning for the yearly capital purchases. This includes interfacing
  • with the property level team, the Regional Operational teams, Capital Accounting, Design & Construction, and IT.
  • Conduct capital planning calls throughout the year with each hotel.
  • Maintain capital models and cash flow for each of the hotels.
  • Ensure compliance for capital reporting requirements.
  • Ensure compliance in terms and conditions set-forth in Licenses, Contracts, and/or Agreements (i.e. Hotel Management
  • Agreement, Franchise Agreement, etc.).
  • Prepare analysis and presentations of the corporate senior leadership team and ownership groups on an ad-hoc basis.
  • Comply with attendance rules and be available to work on a regular basis.
  • Ability to travel approximately 10% of the time
  • Perform any other job related duties as assigned by Vice President of Ownership Services & Analytics

The Successful Applicant

  • B.S. in Accounting or Hotel Management

What's on Offer

Competitive salary and benifits.

Apply for this job

Click the Apply or LinkedIn button below or contact Zachary Ash quoting job reference 1206187
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