Asset Manager (Midlands region)

Job description

Key tasks

Key Responsibilities :

1. Manage the portfolio of property assets :
- Propose and implement the property strategy for his/her hotel portfolio: asset acquisition / disposal / maintenance using the AMAP (Asset Management Action Plan),
- Drive and execute: (i) the Asset Management Plan – from investor teasing to closing -, (ii) the leasehold assets restructuring plan (early termination, renegotiation and renewal) - and (iii) purchasing premises in collaboration with the relevant AccorInvest departments,
- Assist AccorInvest's development and acquisition operations
- Manage the integration of newly acquired hotels in partnership with the Manager's representative,
- Work in collaboration with internal departments (technical, legal and financial…) to drive the implementation of the real-estate strategy and ensure a consistent understanding of the stakes and any potential issues,
- Steer relations with the leaseholders, ensuring respect of the lease agreement
- Maintain and develop knowledge of the markets, of current and future competition in the segment ie: local market trends, mid-term plan for local authorities (local urbanisation plans)….
- Develop a local network of key stakeholders (local authorities, …)

2. Capex and MCI Management

- Work in collaboration with the Manager to develop a hotel renovation plan
- Validate the Capex FF&E and MCI (Major Capital Investment) budgets
- Coordinate implementation of MCI together with AccorInvest's Technical teams and the Property Manager's representatives

3. Execution of the management contract :

- Responsible for the due application of management contracts within his/her portfolio
- Proactively manage the AccorInvest / AccorHotels relationship and ensure good communications between the owner (whom he/she represents), AccorHotels' operational teams and the General Manager by means of regular meetings (monthly or quarterly, according to need).

4. Budget and performance

- Validate annual operational budgets (turnover, GOP, training…) as proposed by the Property Manager
- Lead and coordinate performance reviews with the AccorHotels representative
- Audit and track the Manager's performance within his/her scope of hotels

5. Talent and Culture:

- Monitor the suitability of General Manager profiles and competencies in line with hotel needs, with the support of regional AccorInvest T&C:
- Validate the Manager's proposals regarding candidates for the role of General Manager, packages and objectives
- Discuss and exchange with the DOM about the General Manager's annual performance review results
- Validate the STIP figure, salary reviews and development plans as proposed by the Property Manager
- Provide regular feedback to the General Manager about implementation and involvement in property related issues (renovation, capex, ...) and hotel performance, particularly at the monthly or quarterly meetings

INTERACTIONS:
Internal: GM, Technical, Legal, Corporate Asset Management, Analysts, T&C
External: AccorHotels DOM, Investors, Owners and Counsels

SCOPE:
Number of hotels: 20 to 25
GAV asset portfolio under management: c. £100m

Desired profile

Skills

Level of Education Master / MBA
Areas of study Economy, Finance, Accounting
Professional experiences 3 to 5 years
Languages essential English (Primary tongue)
Optional languages French (Working level)

Essential and optional requirements

The successful candidate will have the following:

- Masters/MBA in Finance/Real-Estate/Law
- 3-5 years' experience in a similar role, or in a Technical/Legal/Financial & Cost Control Department
- Knowledge/operational experience of hospitality/hotel real-estate would be an advantage
- Strong knowledge of general financial principles in business (P&L, analysis, cash-flow...)
- Strong knowledge of driving acquisitions and selling property assets
- At ease with legal, financial and real-estate issues
- Ability to drive projects and encourage collaboration between parties with different areas of expertise
- Solid analytical skills and ability to take a global view
- Ability to persuade, influence and negotiate as well as demonstrate excellent interpersonal skills.