Assistant Asset Manager

Location
Dubai, United Arab Emirates
Salary
Competitive salary
Posted
12 Jun 2019
Closes
21 Jun 2019
Ref
5d0b5ef7e4b000c0cb65780e
Job role
Accountant
Job Description

A privately held Investment Management company in Dubai is looking to hire an Assistant Asset Manager. We are looking for an open minded person who will conduct the activities of the growing asset management division.

Our asset management division is focused on the hospitality sector and we are looking for a person with previous experience in the hotel industry with finance background. Current assets are held in France, Spain, Belarus and Luxembourg. We are expanding our capabilities and propose developing our own projects in Dubai, GCC and elsewhere in the world and the Assistant Asset Manager will also be required to assist the Senior Asset Manager and Managing Partner to Develop this Business and to review the performance of the assets and financial reports.

Asset Management is a complex task: it is not only management of “asset performance” but it is broad range of activities that are focused on maximization of Owner profit and mitigation of all risks. As Assistant Asset Manager, you will provide support to the Senior Asset Manager and Managing Partner to deliver Clients with an in-depth understanding of the current and future financial performance of the assets. You will actively contribute to report generation and financial modelling. You should be able maintain positive, productive and professional relationships with other team members, clients and consultants.

SAMPLE OF TASKS:

• Business Development

• Administration of agreements, contracts and other documents
• Compilation and review of performance, benchmark reports, budgets and marketing plans, future capital expenditure, financial statements, CAPEX etc.
• Prepare checklists and review timetables.
• Review and benchmark the Hotel’s monthly management accounts (profit and loss, statistics, and so forth, as provided by the Operator) to identify possible areas of concern and potential improvements.
• Participating in special projects
• Organization and keeping of filing structures
• Communication and liaising with accountants, lawyers, tax advisors and auditors.
• Drafting agreements and reviewing contracts, cost comparison.
• Asset performance analysis and variance analysis
• Budgeting and Planning activities
• Actively contribute to report generation and financial modelling.
• Multiple Ad hoc tasks
• Monthly and quarterly review of accounts and preparation of on the performance of the assets, variance analysis, reasons for the variances and P&L of the entities.
• Review of due diligence reports, sales or purchase agreements, financials for acquisition and liaising with project team for closing the acquisition or disposal of a property.