As an Associate with Tishman Hotel Corporation, you will focus on a number of Tishman’s hotel assets, located both within Chicago where this position is based, and in other markets.
General responsibilities include gathering financial and statistical information, compiling in-depth reports outlining sales and operational performance, financial statement analysis, development of spreadsheets, preparation of monthly partnership reports, conduct market research, processing of day-to-day transactions with lenders and partners, and assistance with the preparation of various capital projects and fixed asset replacements.
Some administrative responsibilities are included.
The ideal candidate will be able to work independently, and effectively collaborate with both peers and senior executives in a team orientated environment.
He / she will be extremely detail-oriented, possess a high level of analytical and problem-solving skills and employ excellent organizational skills with ability to multi-task and efficiently manage time and workload.
About Us :
Tishman is a vertically integrated real estate owner, developer, operator and advisor. With roots dating back to 1898, Tishman is comprised of a diversified staff of experienced real estate, financial, and hotel management specialists, and is complemented by a technical staff of architect, engineers, and construction management professionals.
Over the last 30 years Tishman has owned and developed 10 million sq. ft. of real estate for its own account and has sourced and structured nearly $8.
0 billion of debt and equity for its projects. Further, Tishman has developed, managed, and advised on more than 35 million sq.
ft. of all types of real estate including hospitality, retail, residential, and office.
Current assets under management exceed $4.0 billion in real estate and other asset classes. Unlike traditional real estate investment managers, Tishman’s own account represents $3.
0 billion of roughly 75% of its assets under management.
Compensation is commensurate with candidate’s prior experience. Tishman also offers excellent benefits.
Responsibilities Include :
Asset Management :
- Daily interaction with hotel management company staff from both the operations and corporate level.
- Assist with Annual Budget development
- Assist with capital project related research and ROI analysis
- Assist with execution of capital projects at properties
- Conduct of asset management related research and / or analyses
- Conduct and report regularly on internet shops of competitive hotels
- Prepare and submit investment partner reporting
- Other tasks as requested
Financial :
- Daily preparation / distribution of all active Daily Hotel Reports
- Monthly preparation & distribution of Sales & Financial Reports
- Monthly review of the Hotel P&L; prepare & distribute P&L questions
- Monthly preparation & distribution of Tishman Management Report to various stakeholders
- Banking report preparation, submission, communication
- Monthly revenue and cash-flow forecasting
- Prepare Financial and Sales narratives
- Other monthly financial reports and updates as required
- Maintain FF&E project reconciliation
- Prepare and provide various banking and lender reporting
Operations :
- Interact with various hotel operating departments to understand departmental performance; recommend changes as necessary
- Review monthly hotel operating service performance and recommend changes as necessary
- Preparation and distribution of Operations and Partner meeting agendas and presentations
- Schedule monthly Operations and Partner meetings
- Attend Partner and Operations Meeting; prepare minutes
- Regular inspection (walks) of the hotels and corresponding notes
- Prepare monthly FF&E reserve recap
Requirements :
- Undergraduate degree in Finance, Business Administration, Hospitality or a related discipline is required
- 3-5 years hotel operations experience, including prior management or supervisory experience. Revenue management knowledge is a plus
- Requires excellent communication skills, both verbal and written
- Must be able to effectively present information and respond to questions from managers or other Hotel staff
- Should be highly proficient in Microsoft Word, Microsoft Excel, PowerPoint and other applicable computer systems
- Must be able to define problems, collect data, establish facts and draw valid conclusions
Senior Associate / Vice President, Due Diligence & Asset Management
Our client is seeking a highly motivated, self-starter to join its Chicago headquarters office as a Senior Associate/Vice President Due Diligence & Asset Manager. The position will also have direct asset management responsibilities as detailed below. Liaising with the investments and asset managemen...
Vice President of Human Resources | Hotel Management - 160k + Bonus and Relo
Marvin Love and Associates is a respected leader in the hospitality industry, specializing in hotel management. Prior experience in the hospitality industry, preferably in hotel management. Associate Benefits: As part of the role, you will oversee the administration of the associate benefits program...
Senior Associate, Business Tax - Asset Management
Senior Associate, Business Tax - Asset Management. Associate to join our Business Tax Services practice. A minimum of three years of experience as a tax associate for a public accounting firm; corporate tax experience in the financial services industry specifically funds/private equity and real esta...
Associate, Global Real Estate Securities
Associates will be mentored by a senior analyst or portfolio manager, and will be privy to portfolio management decisions. Daily responsibilities will vary, but may include: industry and macro-economic analysis; assisting senior analysts & portfolio managers in assessing investment opportunities wit...
Strategy Senior Associate, Asset Management
The Strategy Senior Associate will be responsible for conducting business and industry analysis to support strategic initiatives and decision making across Northern Trust Asset Management. Support strategic and tactical planning for Asset Management, identifying cross-functional strategic initiative...
Asset & Wealth Management, SMA Advisor Experience Specialist, Associate
As more and more elite Advisors consolidate with fewer good asset managers, ease of doing business is paramount and our ambition is to be the most convenient asset manager for them to partner with an exceptional advisor experience. Good understanding of asset management, wealth advisory markets, and...
Asset Management Senior Associate Recruiter
You will be responsible for end-to-end recruitment efforts across multiple groups within the front office team that supports the Asset Management (AM) Organization. Additionally, you will focus on supporting all aspects of Talent Acquisition & Talent management for AM, including competitive intellig...
Asset & Wealth Management, Client Solutions Group, Regional Consultant, Associate
As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your ...
Senior Associate, State and Local Income Tax - Asset Management
Senior Associate, State and Local Income Tax - Asset Management. KPMG is currently seeking a Senior Associate to join our State and Local Tax (SALT) practice. ...
Fund Finance Candidates for Associate Director / Director, Funds & Asset Management - Chicago
Fitch Ratings’ Funds & Asset Management group is a global team responsible for fund ratings analysis, methodology and model development, and publication of research on analytical and regulatory developments affecting the asset management sector. Fitch Ratings’ Funds & Asset Management group is curre...