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