Vice President, Asset Management
New York, NY 
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Posted 11 days ago
Job Description
Vice President of Asset Management

JLL is seeking a Vice President to join our Americas Asset Management Practice to be responsible for providing asset management for a portfolio of hotel investments on behalf of JLL's clients, including both individual hotels and portfolio level oversight and reporting. The VP Asset Manager position will report to an EVP of Asset Management. The position is to be located in our New York office.
Actively asset-manage and be responsible for a portfolio of full service, select service, and luxury hotels.
Review, proactively manage and opine on annual operating and capital plans, and operating performance.
Administer all aspects of real estate ownership and lease structure (as applicable).
Effectively interact with hotels' teams during weekly and monthly conference calls and meetings to review operating performance.
Benchmark and analyze hotel- and portfolio-level financial data to identify areas of opportunity.
Review, comprehend, and negotiate key legal documents including loan agreements, management agreements, franchise agreements, service contracts, leases, ground leases, purchase and sale agreements, etc.
Perform annual asset valuations disclosing methodology, inputs, etc.
Prepare annual hold/sell analysis for review by ownership groups.
Monitor and track capital expenditures (routine capital expenditure and major renovations).
Executes on all aspects of writing, research and/or production of client-specific monthly, quarterly, and year-end reports, meeting minutes, and research papers by assigned deadlines.
Maintain current knowledge of key hotel and tourism trends, sales, indicators, supply and demand dynamics, performance statistics and related topics through various industry-standard tools.
Additional asset management tasks, as required, to maximize the value and investment return of each hotel for our clients.
Performs all job duties and responsibilities in an honest and ethical manner and in compliance with all laws, regulations, and Company policies.
Serves at the direction of the EVP of Asset Management.
Business Development:
Work collaboratively with senior members of the team to deliver and implement the growth strategy for the global asset management platform.
Plan and execute awareness strategies working with the JLL Hotels & Hospitality marketing.
Lead proactive and reactive sales efforts utilizing CRM, personal networks, RFP services, external and internal leads.
Qualifications:
4+ years hospitality-industry specific work experience in operations and hotel real estate asset management.
BA/BS degree in Business Finance, Statistics and/or Real Estate Finance.
Background in hotel finance or revenue management a plus.
Experience in hotel operations, budgeting/forecasting, capital planning/project oversight.
Demonstrated strong analytical and quantitative skills.
Demonstrate a solid understanding of revenue management and opening hotel/s' strategies to optimize revenue streams and grow market share.
Ability to think and act strategically with experience analyzing leasing and investment decisions.
Strong negotiation, analytical and interpersonal skills are essential. Ability to work independently.
Strong verbal and written communication skills.
Comprehend all aspects of financial modeling and underwriting logistics of hospitality-related real estate investments.
Detail-oriented and well-organized.
Ability to work within formal reporting relationships.
Hands-on, can-do attitude, and flexibility to adjust priorities in response to rapidly changing circumstances/deadlines.
Exemplary work ethic and interest in working in an entrepreneurial environment setting with a strong team culture.
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.

 

Job Summary
Company
JLL
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
4+ years
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