Analyst - Hotel Asset Management
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Key skills for this role
About the Role
The First Group is looking for an Analyst in Hotel Asset Management to review operational reports, analyze financial performance, and support pre-opening activities for hotels.
Key Skills for This Role
Responsibilities
- Perform accurate and timely review of operational reports of Hotel Operators and perform analysis of operating results
- Study operational reports, consolidate them, and prepare input notes on critical areas for management
- Work with team members to identify and implement initiatives to save costs, increase revenues, and enhance customer experience
- Provide pre opening support and follow up for newly operated hotels
- Analyze and respond to capital and operational expenditure requests
- Review and analyze Actuals and budgets submitted by hotel operators and provide input to management
- Review and benchmark trading performance parameters (ADR, RevPAR, Occupancy, etc.)
- Perform analysis on break even point, fix/variable cost ratio, ROI, payback period, and other KPIs
- Prepare financial projections and feasibility studies for new acquisition projects
- Perform qualitative analysis summary for each asset to improve online reputation
- Conduct ad hoc research studies as instructed by Management
- Support team in business assessment, market study, P&L reviews, and other requirements
Requirements
- Minimum 1 year of experience in hospitality and asset management
- Bachelor's degree in hospitality administration, business management, or related field
- Strong analytical and numerical skills
- Advanced level of Microsoft Office, especially Excel
- Excellent written and verbal communication skills
- Results driven and capable of performing under pressure
Full Job Posting
Overview
- Headquartered in Dubai, UAE, The First Group is a dynamic, integrated global property developer with a fast growing portfolio of upscale hotels, residential properties, F&B brands and real estate asset management services.
- We offer a diverse progressive corporate working environment with clear growth potential.
Job Description
- Perform accurate and timely review of the submitted operational reports of Hotel Operators and perform the required analysis of the operating results while liaising with the Hotel Operators for inquiries and clarifications.
- Study the operational reports submitted by the hotel operators, consolidate them, and prepare input notes on any critical areas for the management's consideration.
- Work with team members to identify and implement initiatives to save costs, increase revenues, and enhance customer experience.
- Provide the required pre opening support and follow up for newly operated hotels to ensure the proper initiation of the hotels’ operations.
- Analyze and respond to capital and operational expenditure (CAPEX & OPEX) requests to ensure that the requests address the current needs of the hotels and that no overestimations are made.
- Review and analyze the Actuals and budgets submitted by hotel operators and provide input to management to challenge and debate the budgets and underlying assumptions.
- Review and benchmark the trading performance parameters relevant to the revenue of each asset and at the portfolio level (i.e., ADR, RevPAR, Occupancy, STR, market, … etc.).
- Perform analysis on break even point, fix/variable cost ratio, ROI, payback period, payroll & related, productivity, COGS, outsourcing models, energy efficiency, flowthrough, and other KPIs periodically to assess operational efficiency.
- Prepare financial projections and feasibility studies for new acquisition projects with team members.
- Perform qualitative analysis summary for each asset to improve online reputation.
- Conduct ad hoc research studies as instructed by the Management, whether related to the review of operated hotels or any other related topics of interest.
- Support the team in business assessment, market study, P&L reviews, and other requirements.
Desired Skill & Expertise
- Responsible, ambitious, and committed to excellence at work.
- Strong analytical and numerical skills.
- Must possess excellent written and verbal communication skills.
- Results driven, capable of performing well under pressure and meeting tight deadlines.
- Advanced level of Microsoft Office, especially in Excel.
- Strong financial/consulting background, especially in Asset Management.
- Superb teamwork skills.
- Creative and fresh, coming up with new ideas to add value to our business.
- Thrive to work to deadlines within a fast paced environment.
- Be motivated to progress in their career.
- Minimum of 1 year of experience with practice in hospitality and asset management.
- UAE work experience with Dubai market exposure is an advantage.
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