Manager of Transitions

2 weeks ago

Atlanta, United States Noble Investment Group Full time

Noble is seeking a Manager of Transitions to work with the asset management team, the investment team, and third-party managers to maximize the performance and value of our hotels and institutional real estate funds. The role will specifically engage with assets during the transition of an asset from the intent to purchase stage to closing on the asset. This individual will be responsible for engaging in operational due diligence, confirming underwriting and investment thesis assumptions, assisting with the asset management and legal transition items with the closing, and creating and initiating the execution of the value-add initiatives through the transaction date. The Manager of Transitions will be working with assets of select-service and extended-stay hotels based in the continental United States. The role is approximately 40% travel.

The candidate will report to the Managing Principal and Head of Asset Management and work closely alongside a team of asset management and investment professionals at the Noble headquarters in Atlanta, Georgia.



Responsibilities

The Manager of Transitions role will have primary responsibility for the following:

 

·        Provide support in underwriting and due diligence of new acquisition opportunities.

·        Review underwriting analysis of operating performance and areas of opportunity and/or risk as investments are considered.

·        Utilize historical management and brand reports to complete data-driven analysis to quantitatively analyze data to support decisions and to provide context to underwriting assumptions.

·        Utilize internal and external benchmarks and other relevant data sources to inform recommendations to the Investment and Assets Management teams.

·        Provide line-by-line feedback on underwriting assumptions by internal and external groups, challenging/refining the investment thesis and/or business plan.

·        Work with Noble's project development team to capture all needed capital projects and renovation work are identified and tied to underwriting assumptions.

·        Help the Operational Asset Management Team approve the Year 1 Operating Budget and Business Plan; facilitate involvement from the Design/Construction team on Capital Budgets.

·        Along with the Investment Team and Legal Team, develop and manage key date schedules for contracts, licensing, and other pre-closing deadlines.

·        Take the lead (through the close date) on any pre-identified value-add initiatives.

·        Lead transition "Asset Management Transition Meeting" and provide takeover report and file to the asset manager's team before the close.

·        Potentially, conduct on-property site visits for potential acquisition targets to analyze locations.

·        Be on-site for closing if needed.

·        Partner with brands and third-party management firms before, during, and after transactions to facilitate a smooth transition process.

·        If needed, engage with property sellers, lenders, advisors, and consultants on transition-related processes as deemed appropriate.

·        Identify and address any existing or potential deficient conditions relating to the physical asset, including life safety, risk management, or legal concerns.

·        Develop and implement short-term, intermediate, and long-term strategies to improve the value of the asset.

·        Engage with Asset Management through the life of the investment to ensure the success of the investment as an active member of the asset management team.


Qualifications

The desired candidate should have 5+ years of experience in Hospitality Asset Management and/or related operations or finance. A track record of success, integrity, and academic achievement, supported by the strong recommendation of industry peers, is required. Other qualifications required are:

·        Undergraduate degree with a preferred course curriculum focused on finance, business, or hospitality.

·        Excellent financial analysis, analytical, and quantitative skills are required.

·        Proven experience in operations, finance, accounting, budgeting, market monitoring, and monthly reporting.

·        Well-organized, detail-oriented, flexible, confident, analytical, technical, and resourceful.

·        Strong writing and oral communication skills.

·        Effective interpersonal skills and ability to interact with diverse personality types.

·        Ability to work well under pressure with compressed project time frames.

·        Ability to multi-task and meet deadlines; possess strong project management and problem-solving skills.

·        Proactive, hardworking, dedicated, and a self-starter.

·        Willingness and capacity to travel.

·        Capable of collaborating on financial impact analysis - which may include transactional underwriting, cost containment initiatives (and tracking performance), and value-enhancement ROI models.

Computer skills: fluency in Microsoft Office products. Knowledge of Tableau or AirTable is a plus.

  • Manager of Transitions

    2 weeks ago

    Atlanta, United States Noble Investment Group Full time

    Noble is seeking a Manager of Transitions to work with the asset management team, the investment team, and third-party managers to maximize the performance and value of our hotels and institutional real estate funds. The role will specifically engage with assets during the transition of an asset from the intent to purchase stage to closing on the asset. This...

  • Manager of Transitions

    13 hours ago

    Atlanta, United States Noble Investment Group Full time

    Noble is seeking a Manager of Transitions to work with the asset management team, the investment team, and third-party managers to maximize the performance and value of our hotels and institutional real estate funds. The role will specifically engage with assets during the transition of an asset from the intent to purchase stage to closing on the asset. This...

  • Manager of Transitions

    52 minutes ago

    Atlanta, United States Noble Investment Group Full time

    Noble is seeking a Manager of Transitions to work with the asset management team, the investment team, and third-party managers to maximize the performance and value of our hotels and institutional real estate funds. The role will specifically engage with assets during the transition of an asset from the intent to purchase stage to closing on the asset. This...

  • Office of Intermodal- TRM032

    8 hours ago

    Atlanta, United States GeorgiaGov Full time

    JOB SUMMARY: Leads and assists in one or more of the following areas: OMAT, maintenance, construction, intermodal, planning, utilities, surveying, environmental or traffic. Serves at an assistant office head level to professionals providing professional support in one or more areas listed. POSITION SPECIFIC DUTIES: Under limited supervision in the...

  • Vice President Human Resources

    6 days ago

    Atlanta, United States Career Transitions Full time

    Privately held, multi-site manufacturing company with 11 separate manufacturing companies under the umbrella of the parent company is currently seeking a Vice President, Human Resources professional who is a visionary and results-oriented executive with proven track record of driving organizational excellence through strategic HR initiatives. This role...

  • Vice President Human Resources

    2 weeks ago

    Atlanta, United States Career Transitions Full time

    Privately held, multi-site manufacturing company with 11 separate manufacturing companies under the umbrella of the parent company is currently seeking a Vice President, Human Resources professional who is a visionary and results-oriented executive with proven track record of driving organizational excellence through strategic HR initiatives. This role...

  • Strategic Sourcing Manager

    51 minutes ago

    Atlanta, United States Career Transitions, LLC Full time

    Strategic Sourcing ManagerFull TimeOn-SiteHouston area***Company will provide relocationOur client, based in Houston, TX is a dynamic and innovative company dedicated to delivering high-quality products to our customers. We pride ourselves on our commitment to excellence and continuous improvement in all aspects of our operations. As a Strategic Sourcing...

  • Vice President Human Resources

    2 weeks ago

    Atlanta, United States Career Transitions, LLC Full time

    Privately held, multi-site manufacturing company with 11 separate manufacturing companies under the umbrella of the parent company is currently seeking a Vice President, Human Resources professional who is a visionary and results-oriented executive with proven track record of driving organizational excellence through strategic HR initiatives. This role...

  • Vice President Human Resources

    2 weeks ago

    Atlanta, United States Career Transitions, LLC Full time

    Privately held, multi-site manufacturing company with 11 separate manufacturing companies under the umbrella of the parent company is currently seeking a Vice President, Human Resources professional who is a visionary and results-oriented executive with proven track record of driving organizational excellence through strategic HR initiatives. This role...

  • Vice President Human Resources

    50 minutes ago

    Atlanta, United States Career Transitions, LLC Full time

    Privately held, multi-site manufacturing company with 11 separate manufacturing companies under the umbrella of the parent company is currently seeking a Vice President, Human Resources professional who is a visionary and results-oriented executive with proven track record of driving organizational excellence through strategic HR initiatives. This role...

  • Transition Leader, Service Management Transformation

    3 weeks ago

    Atlanta, United States The Bank of America Corporation Full time

    At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders Leader, Management, Service, Leadership, Product Management, Banking, Business Services, Delivery

  • Transitions of Care Pharmacist

    2 weeks ago

    Atlanta, United States Memorial Hermann Health System Full time

    Description Transitions of Care Pharmacist - Full Time/Days *M-F / 10a-6:30p *Acute care hospital experience *At least 3 years of hospital experience, PGY1 preferred * Duties include: Admission & discharge medication reconciliation, patient counseling & identifying/eliminating barriers for the patient upon discharge. * Focus : To reduce...

  • Cost Manager

    3 days ago

    Atlanta, United States Jacobs Engineering Group Inc Full time

    Prepares, evaluates, maintains, and distributes project schedules for various types of capital projects related to the MARTA transit system's expansion, renovation, rehabilitation, or maintenance, including labor, material, and equipment resources an Manager, Project Management, Technology

  • Operations Manager

    4 weeks ago

    Atlanta, United States Transdev Full time

    Description To view Transdev’s Purpose and how we make a difference follow this link:    Job Summary-  The Operations Manager oversees the daily Paratransit operations, including but not limited to route supervision, staff and operator oversight, effective communication with internal and external customers, and coaching employees for optimal...

  • Financial Analyst

    3 weeks ago

    Atlanta, United States U.S. Department of Transportation Full time

    You must be a U.S. Citizen and eligible for consideration Required documents must be submitted by the closing date For the 1160 series, specialized experience that demonstrated a knowledge of corporate finance and the financial and management structure, operations, and practices of corporate and other organizations is required To meet the minimum...

  • Engineering Manager

    2 weeks ago

    Atlanta, United States The Cypress Group Full time

    Job DescriptionJob DescriptionJob Title: Engineering Manager - Scalable Enterprise PlatformLocation: Fully Remote (with quarterly team meetings on the East Coast)Company Overview:Our client is a leading international payment platform that is revolutionizing the world of payment solutions. We are seeking experienced Engineering Managers to play a key role in...

  • Manager, Employment and Training Advisor

    4 weeks ago

    Atlanta, United States City of Atlanta Full time

    JOB DESCRIPTION Posting Open Until Filled Salary Commensurate with experience About Atlanta Department of Labor and Employment Services ADOLES was created in January 2023 under Mayor Dickens' administration with a vision to develop a robust workforce that will meet the needs of Atlanta's expanding city and allow residents a pathway to move up the economic...

  • OFFICE OF INTERMODAL- TRM032, MGR. 3, TRANSPORT SPECIALIST

    1 week ago

    Atlanta, GA 30301, USA, United States State of Georgia Full time

    STATE PROFILE SUMMARY: Leads and assists in one or more of the following areas: OMAT, maintenance, construction, intermodal, planning, utilities, surveying, environmental or traffic. Serves at an assistant office head level to professionals providing professional support in one or more areas listed.Position Specific Duties: State Safety Oversight Technical...

  • Project Manager

    1 day ago

    Atlanta, United States Equans Services Canada & US Full time

    Project Manager (M/F) The Equans Group is a world leader in the energy and services industry. The Group operates in 20 countries and has 90,000 employees on 5 continents. Equans designs, installs, and delivers customized solutions to improve its customers’ equipment, systems and technical processes and optimize their use in the context of their energy,...

  • TMS Project Manager

    3 weeks ago

    Atlanta, United States Applied Resource Group Full time

    Applied Resource Group is looking for an TMS Project Manager (contract) hybrid in ATL.Manage TMS (Transportation Management System) projects, specializing in Blue Yonder products.Define project scopes and goals, ensuring alignment with TMS requirements.Develop comprehensive project plans and deliverables, including charters, stakeholder analysis,...