Description
Position Overview:
Key Responsibilities:
Operator Shortlisting
- Managing hospitality investment’s stages i.e. Due diligence, H.M.A negotiations, development, pre-opening, opening and handover and asset management.
- Short listing and selection of hotel operators and carry-out negotiation on behalf of owner.
Financial Performance Management:
- Develop and implement financial strategies to optimize the performance and profitability of the hospitality assets.
- Analyze financial statements, budgets, and forecasts to identify trends, variances, and opportunities for improvement.
- Monitor key financial metrics, including revenue per available room (RevPAR), average daily rate (ADR), occupancy, and food and beverage revenue.
Owner Representation:
- Act as the primary liaison between ownership and hotel management teams, providing financial expertise and guidance to support decision-making.
- Prepare and present financial reports, forecasts, and analyses to ownership, highlighting performance trends and areas of concern.
- Represent ownership interests in negotiations with hotel operators, vendors, and other stakeholders to ensure alignment with financial objectives.
Budgeting and Forecasting:
- Lead the annual budgeting process for the hospitality portfolio, working closely with hotel management teams to establish revenue targets and expense budgets.
- Develop comprehensive financial forecasts and projections to support long-term planning and investment decisions.
- Monitor budget performance throughout the year, identifying variances and implementing corrective actions as needed.
Cash Flow Management:
- Manage cash flow and liquidity for the hospitality assets, ensuring adequate funding for operating expenses, capital expenditures, and debt service obligations.
- Monitor receivables and payables, optimizing cash conversion cycles and minimizing working capital requirements.
- Implement cash management strategies to maximize returns on idle funds and mitigate financial risks.
Financial Analysis and Reporting:
- Conduct in-depth financial analyses to evaluate investment opportunities, asset performance, and ROI.
- Prepare ad-hoc financial reports and analyses as requested by ownership, providing insights into business performance and strategic implications.
- Develop key performance indicators (KPIs) and benchmarks to measure and track financial performance across the hospitality portfolio.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA or CPA or CMA preferred.
- Minimum of 5 years of experience in financial management, preferably in the hospitality industry.
- Strong understanding of hotel financial operations, including revenue management, cost control, and financial reporting.
- Proficiency in financial modeling, analysis, and forecasting techniques.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
- Strategic thinker with the ability to translate financial data into actionable insights and recommendations.
- Detail-oriented with strong analytical and problem-solving skills.
Job Types: Full-time, Permanent