To provide the Asset Management Department with strategic data, preparing and collating reports, maintaining up to date records, and providing strategic analysis of transactions delivering assistance in creating feasibility studies.

Client Details

Our client is a dynamic and diversified investment company with a robust portfolio encompassing key growth sectors, including real estate, hospitality, education, and capital investments. Headquartered in Abu Dhabi, they maintain a diverse local and international investment portfolio.

Description

Control Procedures: Establish, maintain, and coordinate the implementation of departmental control procedures in alignment with corporate requirements.

Financial Data Management: Assume responsibility for all financial data within the division, ensuring timely receipt of data and reports from all stakeholders.

Financial Modeling: Develop and maintain reports, financial models, and forecasts for hotels.

Comprehensive Reporting: Prepare comprehensive reports and presentations, including analysis of operational performance for assigned entities.

Reconciliation: Perform various reconciliations to confirm the accuracy of financial reports, comparing data from the accounting system and other sources.

Accounts Receivables: Review and track hotels\' accounts receivables, doubtful accounts, legal cases, and collections, providing monthly analysis and highlighting concerns.

Budget Support: Support the annual budgeting exercise and financial projections by providing data-driven insights and recommendations to the Senior Asset Manager - Hotels.

Financial Analysis: Analyze monthly financial reports, comparing them to the approved yearly budget and previous years, and highlighting concerns for further investigation.

Performance Benchmarking: Conduct performance benchmarking analysis using industry tools such as Hotstat and others to assess hotels\' performance against industry standards and competitors.

KPI Analysis: Collect, compile, and analyze key performance indicators (KPIs) related to occupancy rates, average daily rates (ADRs), revenue per available room (RevPAR), and market share.

Financial Records: Maintain financial records and support document management, including reconciling pre-opening, operating, and FF&E budgets.

Capital Expenditures: Maintain financial records and reconciliation for Capital Expenditures and special projects directly paid by the Owning Company.

Best Practices: Explore the latest benchmarks and best practice initiatives in the industry.

Internal Audit Support: Support the annual internal audit process, liaise with auditors as required, meet deadlines, and follow up on outstanding issues.

Financial Tracking: Report FF&E spending versus budgets and prepare summaries of quotations for significant items.

Retail Leasing: Maintain retail leasing records and vacancies, benchmark financial performance, and report findings to the Senior Asset Manager - Hotels.

Standard Operating Procedures: Update and create Standard Operating Procedures (SOP) and templates for functions under this role and ensure compliance.

Task Tracking: Create tracking sheets for pending matters, regularly follow up, and provide progress updates or highlight concerns.

Problem Solving: Demonstrate creative problem-solving skills and provide recommendations to address concerns.

Effective Communication: Keep the Senior Asset Manager - Hotels promptly informed of any issues directly affecting operations and other relevant topics.

Ad Hoc Duties: Perform related duties and special projects assigned by the Senior Asset Manager - Hotels or COO when applicable.

Profile

Experience:

A minimum of

Bayt