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Vice President, Development Planning and Feasibility, Financial Analysis and Strategic Planning

https://www.marriott.com Logo

Marriott Bonvoy

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Location:
Singapore, Singapore

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Category:
Finance

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Contract Type:
Not provided

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Salary:

Not provided

Job Description:

This is an executive position that requires an in-depth understanding of lodging market assessments and financial/investment analysis, as well as general management and supervision of key aspects of the hotel development and planning process, inclusive of support for the Asset Management department. The functions led by the Vice President support hotel development, conversion, renovation/repositioning, and renewal opportunities for all Marriott lodging products in the region, including branded residences, as well as continent-level business initiatives mainly relating to unit growth. The Feasibility function provides lodging market, competitive landscape, and economic evaluations, and is responsible for hotel underwriting, new brand positioning/strategy, and market intelligence. The Financial Analysis function conducts financial analysis of potential new development projects, including large transactions involving significant Company balance sheet exposure, analyzes profit and growth objectives as reflected in the long-range plans, assesses various loyalty partnership opportunities, and provides strategic advisory to enable the APEC leadership to make business decisions that will create the most shareholder value.

Job Responsibility:

  • Contribute to the continent growth by providing well-considered recommendations to the leadership team and constantly leading assessments of regional destinations and demand segments, identifications and reviews of new travel/lodging trends, in-depth viability analyses of new brand launches in the continent, and any major operations initiatives in collaboration with related key stakeholders, in addition to underwriting of development and asset management projects
  • Administer the APEC Hotel Development Committee, and direct feasibility process for all new hotel projects
  • Provide ongoing consultation relative to the continent growth strategies advising on potential opportunities and risks, and providing plans for action, in collaboration with relevant disciplines such as Brand, Consumer Operations, Development, Finance, Global Design, and Legal
  • Maintain in-depth knowledge of the lodging industry, specifically of global and regional lodging brands and their market positioning within the region, as well as the top active lodging markets such as Australia, India, Indonesia, Japan, Malaysia, Maldives, South Korea, Thailand, and Vietnam
  • Establish and maintain well-developed relationships with outside consulting groups and third-party hospitality market analysis firms in the region
  • Demonstrate strong qualitative and quantitative analytical skills with proven analytical abilities and an understanding of economic valuation theories and processes
  • Operate with a collaborative mindset to ensure that key stakeholders are considered
  • build strong relationships to leverage information and insights to anticipate and respond to stakeholder queries
  • influence without authority
  • communicate well with stakeholders and leaders
  • openly share and do not withhold information
  • Proactively evaluate business process to provide for the effective and efficient team management
  • Implement process improvements to lead, manage and monitor a large number of projects for delivery of information to senior management
  • Ensure appropriate measures are in place to facilitate internal reviews and assessments of project viability
  • Coordinate and direct the interface between Feasibility, Financial Analysis, Asset Management, Brand, Consumer Operations, Development, Operations, Operations Finance, Global Design, Legal, Tax and Treasury
  • Champions excellence in business ethics and integrity, social responsibility, cross-cultural effectiveness, and associate engagement
  • Train, develop, mentor, and conduct regular performance appraisals of direct reports and the larger teams
  • Communicate effectively, both orally and in writing
  • listens to others and effectively comprehends information

Requirements:

  • Thorough knowledge of the technical aspects of hotel market and impact analysis
  • Thorough knowledge of the lodging feasibility function, including pre-screening of future development projects, recommending hotel brands and facilities, underwriting financial implications, assessing major ROI opportunities, evaluating supply/demand impact situations as they occur, identifying growth opportunities, etc.
  • Understanding and working knowledge of financial statements and investment return analysis
  • Thorough understanding of computer systems
  • Competent in Microsoft Office applications
  • Thorough knowledge of the broader real estate industry, travel and tourism industry, hotel development, and market analysis data bases
  • Fluency in Asian language(s) is preferred
  • Thorough understanding of each Marriott lodging product and development goals
  • Thorough understanding of Marriott’s business objectives and development process for each lodging product
  • Thorough knowledge of the business goals and objectives within Feasibility and Financial Analysis
  • M.B.A. or B.A. or B.S. in Hotel Management or Business Administration
  • Concentration in Finance would be highly valued
  • Minimum 10-12 years of relevant work experience, including 6 years of supervisory responsibility, in hotel/real estate feasibility, consulting, advisory, and/or valuation
  • Previous financial/investment advisory experience would be highly valued
  • Strong supervisory and management skills
  • Ability to communicate effectively both orally and in writing
  • Strong interpersonal skills
  • Strong qualitative and quantitative analytical skills with proven understanding of economic valuation theories and processes
  • Strong mathematical skills and analytical ability, particularly in analyzing financial statements

Nice to have:

Fluency in Asian language(s)

Additional Information:

Job Posted:
March 23, 2025

Employment Type:
Fulltime
Work Type:
On-site work
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