Hard Rock International

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Development Analyst

Development Analyst

Job ID 
2017-3139
# of Openings 
1
Job Locations 
US-FL-HOLLYWOOD
Department 
Finance & Accounting

More information about this job

Overview

The Development Analyst is responsible for supporting the growth initiatives of Hard Rock Hotels through management contracts, acquisitions, and new developments. The Development Analyst works with the Development team to provide business and data analysis to the deal executives in all aspects of underwriting, research and transaction structuring. This high profile position requires a high degree of accuracy as the information provided by the Development Analyst is the critical support data for the policy decision makers at the senior management level.

Responsibilities

 

  • Develop project evaluation and modeling – prepare market analysis, pro forma projections, ROI and NPV calculations to provide decision makers the information needed to evaluate a potential development project.
  • Perform market research on potential development locations, identifying potential competitive properties. Analyze market performance to determine the rates and occupancies to assume for the subject development.  Assess any incoming supply.
  • Incorporate the Project Development Team building program and current fee terms into the projected assumptions.
  • Develop detailed pro forma, securing the approval and support of the hotel & casino operations team on the reasonableness of delivering the projected results.
  • Model ROI when an investment in a new development opportunity is required to ensure it achieves the company’s objectives. Prepare capital approval packages as needed.
  • Prepare pre-opening and OS&E budgets.
  • Facilitate communication among the Hotel & Casino, Finance and Legal divisions regarding the development pipeline and deal terms to surface any potential issues impacting our tax structure or debt covenants during the development process.
  • Support the Finance Department with the bi-annual Strategic Plan.
  • Provide annual pro forma results and related Hard Rock fees for current deals in the Strategic Plan timeframe.
  • Prepare annual projections for planned, unnamed deals within the Strategic Plan timeframe.
  • Assist in loading the Strategic Plan projections into the company financial systems
  • Analyze and interpret financial statements.
  • Make good decisions based upon a mixture of analysis, wisdom, experiences and judgment.
  • Challenge business norms and accepted thinking to improve effectiveness and drive results.

 

 

Qualifications

  • Any combination of education and experience equivalent to graduation from a college/university or any other combination of education, training or experience that provides knowledge, skills and abilities in Hotel Administration and/or Real Estate Finance.
  • 3 years minimum work experience or internship in accounting, analytics or finance, preferably in a hotel, real estate or hospitality environment.
  • Ability to prioritize and work on several projects simultaneously should pose a challenge without being overwhelming.
  • Understanding of lifestyle hotel products, performance and guest services.