Assistant Vice President of Asset Management-Hotels

Job Responsibilities

• Manage direct and indirect reports by implementing the 7 Core Values established by Crawford Hoying
• Oversee, train, and develop direct reports
• Provide leadership to the team through all stages of employment, including recruitment and hiring, teambuilding, resolving personnel issues, and applying disciplinary procedures
• Take responsibility for the quality of the work product presented by direct/indirect reports and external sources; review work for accuracy before submitting to others
• Prepare annual reviews, set goals, and implement personal development plans for direct reports
• Motivate team members to participate in classes and training
• Aprove schedules, workloads, and paid time off
• Proactively provide operational oversight of the company’s portfolio of hotel assets by regularly interacting with third-party hotel management teams and consultants, advising on hotel management, applying real estate strategy, and evaluating return on investment
• Regularly visit the hotels to inspect the property conditions, to meet and collaborate with management, and to tour the market areas and competitive set of hotels
• Develop and maintain advanced Excel financial models for existing investments in order to analyze past results, forecast future performance, and recommend actions for optimization
• Identify, analyze, and collaborate with third-party hotel management teams on implementing opportunities for increased revenues and operational efficiencies
• Prepare and present monthly, quarterly, and year-end summary reports for leadership, lenders, and investors
• Oversee Analysts who help identify, build, and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards
• Collaborate with Accounting on annual budget preparation
• Collaborate with Accounting to review monthly and annual financials
• Manage liquidity at investment levels through cash management and collaboration with Accounting
• Monitor compliance with all management, franchise, and other applicable agreements
• Monitor and track legal obligations, including debt compliance and joint venture agreements
• Coordinate the performance of market research, data mining, business intelligence, and valuation comps to keep informed of the dynamics of each market area to develop a strong understanding of the hotels and their respective markets
• Prepare for and lead meetings (create agendas, provide materials, create a collaborative discussion environment, assign and follow up on tasks)
• Effectively interact with in-house departments to ensure a consistent understanding of the performance of and any potential issues with the hotel portfolio
• Build relationships with partners and others in the industry by getting involved with industry organizations
• Work on special projects and perform other duties as assigned

Hotel Operations General Performance Objectives

• Communication response time and professionalism
• Leadership and accountability
• Face-forward interaction and engagement with other departments
• Willingness to take on projects and learn a variety of concepts, practices, and procedures

Preferred Knowledge, Skills, Education, And Experience

• 7+ years of relevant experience in asset management, hotel operations, or equivalent experience
• 2 years of experience leading and developing direct reports and/or a team
• Ability to work in a team environment and interact with internal and external executive-level leadership
• Strong analytical, organizational, problem-solving, and multitasking skills
• Excellent written and verbal communication skills
• Ability to meet deadlines in a fast-paced, quickly changing environment
• Confidentiality and professionalism when working with sensitive information
• Project management skills, including planning and coordinating tasks
• Demonstrated proficiency with Microsoft Office products
• Bachelor’s degree

Work Environment

• The Assistant Vice President of Asset Management works at the corporate office and interfaces with internal and external customers on a regular basis.
• Core office hours for this position are 8:00 am to 5:00 pm, Monday through Friday.
• This individual must be available to work extra hours when important projects present themselves.

Physical Requirements

• The physical condition of the Assistant Vice President of Asset Management must be sufficient for the consistent and successful completion of the responsibilities defined for this position.
• This position frequently requires standing, walking, sitting, reaching with hands and arms, and lifting up to twenty-five pounds.
• This individual must be able to drive during the course of work.