Asset Manager

A privately held Investment Management company in Dubai is looking to hire an 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 with current assets are held in Europe and the candidate should have ability to travel to Europe. We are expanding our capabilities in Dubai and elsewhere in the world.

Asset Management is focused on maximization of Owner profit and mitigation of all risks. As Asset Manager, you will provide support to the 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:

• Administration of agreements, contracts and other documents
• Working closely on revenue management and marketing at the properties to increase the revenue stream.
• Review and benchmark the Hotel’s monthly management accounts (profit and loss, statistics, and so forth, as provided by the Operator) in order to identify possible areas of concern and potential improvement
• 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.
• Compilation and review of trading performance, benchmark reports, budgets and marketing plans, future capital expenditure etc.
• Reviewing the FF&E requests for approval in line with the management agreement
• Understanding of Hotel Guest Service Scores or other Market indicators that influence the ability of the hotel to compete within their market.
• Communication and liaising with accountants, lawyers, tax advisors and auditors
• Actively contribute to report generation and financial modelling.
• Organization and keeping of filing structures for future data reference
• Prepare checklists and review timetables
• Participating in special projects and multiple ad hoc tasks
• 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
• Participating in special projects and multiple ad hoc tasks
• Drafting agreements and reviewing contracts, cost comparison.
• Planning activities
• Business Development
• project team for closing the acquisition or disposal of a property.