Asset Manager

JR Hospitality

Minneapolis, MN

JOB TITLE: Asset Manager - JR Hospitality


RESPONSIBLE TO: Managing Partner


Scope and General Purpose

Responsible for analyzing overall hotel operations, asset management, financial performance and assisting with the company’s capital planning initiatives, including acquisitions and managing leveraged capital.


Essential Duties

  1. Provide financial and analytical support for JR’s existing, new development and acquisitions. Interface with the corporate team, lenders, brand, vendors, and consultants. Answer questions and respond to information requests.

  2. Assist with existing portfolio of hotels, new acquisition, including introducing JR Hospitality to new partners, articulating our investment philosophy and the specifics of new acquisitions and developments.

  3. Analyze existing P&Ls and identify how those P&Ls fit into JR’s financial operating model and articulate the same to lenders.

  4. Assist with loan closing, including responding to bank and legal inquiries, reviewing bank documents, and otherwise completing closing checklists.

  5. Assist with Asset Management of existing JR Hospitality hotels, including site walks, quality assurance financial review, guest satisfaction analysis, cost controls, etc.

  6. Provide timely financial data to banks as required by loan agreements.

  7. Maintain and develop various financial models and standard templates distributed for use by all of JR during the development, acquisition and divestiture planning processes, ensuring quality, accuracy and focused analytic review.

  8. Research market data, integrate findings into proforma models and articulate the same to Management and lenders.

  9. Acquire and analyze multiple loan proposals and develop a recommendation to Management based on flexibility, cost and capital requirements.

  10. Assists with understanding the company’s interest rate exposure and recommend mitigants to future impact to the business.

  11. Consult with management to guide and influence long term and strategic decision making.

  12. Protect operations by keeping financial information confidential.

  13. Independent worker and analytical thinker with the ability to conduct research, data analysis, and resolve complex problems.

  14. Support divestiture activity by interfacing with managers, brokers, buyers, brands and other consultants and respond to related information requests.

  15. Performs all other duties assigned.


Qualification Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to individuals with disabilities to perform the essential functions.


  1. Education and/or Experience

    • BS degree in Finance, Accounting, Economics, Hospitality or related field.

    • Preferred two (2) years of proven working experience as a finance/business analyst or in a related field.

    • Experience and knowledge of commercial real estate operations, lending and valuations.

    • Proven knowledge of financial forecasting, corporate finance, and time value of money.

    • Well informed in current financial issues, and business environments.

    • Working understanding of Generally Accepted Accounting Principles (GAAP).


  1. Communication Skills

    • Must be able to read, write and understand the English language, write concise reports with proper format, punctuation, spelling, and grammar; speak with poise and confidence using correct English and pleasant voice tone.

    • Must be able to provide creative solutions with an ability to suggest improvements.

    • Must be able to maintain confidentiality.

    • Outstanding presentation, reporting, and communication skills.

    • Represent JR Hospitality positively to third parties.


  1. Organizational Skills

    • Retain excellent time management skills and ability to multitask and prioritize work.

    • Maintain strong organization and planning skills in a fast-paced work environment.

    • Possess problem solving skills, attention to detail and execute tasks flawlessly.


Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Requires standing, sitting (often for long periods of time), bending, stooping, along with the mobility to climb stairs and frequently walk. Occasional lifting and/or moving light objects weighing up to 20 lbs. may be possible. Occasionally lift and/or move medium objects weighing up to 50 lbs. Requires hand/eye coordination and manual dexterity.


The ability to use eyes, hands and fingers at the same time to enter figures in books and forms, or to operate a calculator or personal computer.


Computer Skills: The employee must be proficient in spreadsheets, databases, MS Office and financial software applications.


Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.