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Vice President Asset Management CALA

Company: Clevelcrossing
Location: Tallahassee
Posted on: September 23, 2022

Job Description:

Job Information
Vice President, Asset Management CALA
Job Number
Job Category
Finance & Accounting
CALA Regional Office, 1200 S. Pine Island Road, Plantation, Florida, United States
Position Type
Located Remotely?
Marriott International is the world's largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. We believe a great career is a journey of discovery and exploration. So, we ask, where will your journey take you?
As a member of the CALA Asset Management team, the Vice President, Asset Management - CALA (VPAM-C), will support the team's two core functions in a hybrid role:
Development Asset Management
: Providing single point accountability between the hotel development approval and project stabilization for new managed and franchised hotels in the CALA.
Asset Management
: Helping to maintain and enhance the stability and value of Marriott International's primary assets - the long-term management and franchise agreements that govern the use of each of our brands and the management of hotel properties owned by third parties for the Continent.
The VPAM-C will coordinate with and support multiple stakeholders including continent and corporate leadership and discipline teams (e.g. Development, OFS, Project Finance, Accounting, Treasury, Tax, Global Design,) and external constituents (owners, franchisees, lenders, etc.). She/he must be adept at tapping diverse sources of information, identifying profitable opportunities, anticipating challenges, devising and executing breakthrough strategies/approaches to deliver against the current and future business priorities, and engaging and partnering with key business leaders, owners and franchisees, thereby strengthening Marriott's competitive advantage through excellence in transactional and financial management.
Development Asset Management
Facilitate the delivery of hotels on time and on budget with anticipated value, meeting brand standards and enhancing brand equity.
Plan and lead rollout meetings for assigned projects. Devise approaches to mobilize and align internal resources to achieve project results. Influence key departments to ensure on time and accurate project completion.
Implement processes to lead, manage and monitor many projects, including those of high risk and complexity. Ensure appropriate controls and measures are in place to anticipate and manage project risks.
Identify and address risks to approved value including making necessary recommendations to modify management and/or other agreements in accordance with issue resolution.
Ensure the timely exchange of information with key internal and external stakeholders to analyze/address project specific issues (e.g. funding/capitalization requirements, termination provisions, default events, insurance requirements, etc.) and ensure owner satisfaction.
Asset Management
Structure and negotiate moderate to complex transactions involving contract issues or affecting Marriott International's long-term management or franchise agreements while maintaining a balance between the owner's and MI's interests, developing solutions that create value for both.
Formulate creative solutions that maximize value for the business and make recommendations to address issues through appropriate changes to contracts, including management agreements and franchise agreements, business processes, and operating procedures.
Manage or coordinate workouts and restructurings by analyzing problem areas and mitigating Marriott International exposure (i.e., financial and legal); making necessary recommendations to modify/extend management and/or franchise agreements in accordance with issue resolution; and analyzing performance tests to ensure that relevant information is monitored.
Provide on-going consultation relative to asset value maximization advising on benefits and potential risks, and providing plans for action, in collaboration with CALA Area leaders, Finance COEs (Project Finance, Treasury, Tax), A&C, Development, Growth Committee, CALA AMAC, Senior Management and Owners, as appropriate.
Ensure the timely exchange of information with key internal and external stakeholders to analyze/address project specific issues (e.g. funding/capitalization requirements, termination provisions, default events, insurance requirements, etc.) and ensure owner satisfaction.
In all aspects of the position, the VPAM-C will need to:
Build and maintain strong relationships with key stakeholders (both internal and external) in order to effectively influence key business decisions and optimize overall work effectiveness; involve various constituencies in problem evaluation and resolution and increase their involvement as appropriate.
Ensure the timely exchange of information with key internal and external stakeholders to analyze/address project specific issues (e.g. funding/capitalization requirements, termination provisions, default events, insurance requirements, etc.) and ensure owner satisfaction.
Champion excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement.
Performs other duties as assigned to meet business needs.
Key Talents and Experience
Minimum 10 years of transactional, financial management or legal experience with a global company, including experience valuing complex financial transactions and negotiating and (re)structuring hotel contracts.
Knowledge and understanding of MI management and franchisee contracts. Experience dealing with management agreements and owner issues.
Knowledge of key development, legal and operational issues related to real estate or hotel operations - fee valuation, debt and equity financing, foreclosure/bankruptcy, and brand equity.
Demonstrated ability to formulate creative solutions in moderately complex transactions to mitigate risks and maximize shareholder value.
Strong interpersonal skills; must be a successful "networker", both internally and externally; role requires considerable liaison with multiple stakeholders and maintenance of considerable internal and external relationships.
Skillful negotiator in tough situations; sells ideas persuasively; settles differences and wins concessions without damaging relationships; can be both direct and forceful while remaining diplomatic. Ability to identify and exploit new opportunities and reach a positive outcome, whether dealing with owners, partners or providers of capital.
Strong qualitative and quantitative analytical skillswith proven analytical skills and an understanding of economic valuation theories and processes; ability to take large volumes of complex information and present it in a clear and concise manner to senior management, owners and franchisees; uses data and a cogent problem solving methodology in decision making and impact assessment.
Operates with a collaborative mindset to ensure that key stakeholders are considered, eliminating the need for duplicate systems; builds strong relationships to leverage information and insights to anticipate and respond to project risks; influences without authority; communicates well with project and other leaders; openly shares and does not withhold information.
Ability to consistently make decisions in a timely manner sometimes with incomplete information and under tight deadlines and pressure; comfortable challenging organizational norms and accepted thinking to improve effectiveness.
Results oriented; delivers results under difficult conditions and demonstrates balanced judgment under pressure. Ability to assess, plan and get "the right priorities" done, on time and budget, at high quality levels.
Responsive; ability to integrate and balance priorities, work activities and resources for the benefit of multiple key stakeholders.
Communicates effectively, both orally and in writing; listens to others and effectively comprehends information.
Education and Professional Certification
Baccalaureate degree in Finance or related discipline required;
MBA, JD or other advanced degree strongly preferred;
Fluent Spanish speaker required.
This position will be based at either MI Corporate HQ, CALA Plantation Office or remotely and will require international travel.
This position offers health care benefits, flexible spending accounts, 401(k) plan, accrued paid time off (including sick leave), life insurance, disability coverage, other life and work wellness benefits and may include incentive compensation. Benefits and incentive compensation may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions. Colorado applicants only: The salary range for this position is $138,450 to $258,440 annually.
This position requires proof of full vaccination against COVID-19 prior to the first date of employment, subject to applicable law. If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation request is received and approved.
Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law. Alternate Locations: Work from HomeWork Arrangement: Work from HomeRelocation assistance: : is not available for this opportunity.Pay Range: $140,000 - $300,200Bonus Potential: 25%Requisition #: 70108The Role at ... We are seekingSomeone who knows how things work and LOVES to keep them working!What you will be doingThis is a leadership role, in which you will be directing others, organizing, training and maintaining proper documentation as re...

Keywords: Clevelcrossing, Tallahassee , Vice President Asset Management CALA, Accounting, Auditing , Tallahassee, Florida

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