Asset Manager

Duties and Responsibilities

• Review and analyze monthly financial reports including rent rolls, income statements, balance sheets, budget comparisons, cash flow statements, and delinquency reports.
• Oversee and optimize pricing strategies across the portfolio by evaluating market conditions, occupancy and utilization trends, and revenue targets; and review lease trade-outs.
• Perform and document on-site property inspections. Report inspection results and make recommendations to senior management and property management.
• Maintain ongoing communication with joint venture partners, 3rd-party partners, and internal stakeholders to ensure asset operations remain aligned with the underwritten business plan and communicate any variances to the original business plan.
• Contribute to portfolio decision-making by developing cash flow projections and sensitivity analyses used in refinancing, supplemental loan, and hold-versus-sell assessments.
• Partner with property management to review, refine, and approve annual operating budgets in support of asset strategy and performance objectives.
• Evaluate actual asset-level performance against pro forma underwriting, delivering detailed variance analysis and recommending strategic adjustments to current execution and future business plans.
• Oversee loan administration and covenant compliance, including reserve and loan draw management, monthly escrow administration, lender reporting, and fulfillment of all ongoing and initial lender requirements.
• Manage the real estate tax appeal process, including litigation and mediation efforts, in coordination with external tax advisors.
• Prepare and forecast property-level distributions, analyzing and communicating variances to internal stakeholders.

Qualifications

• 5 – 7 years of prior experience in asset management, portfolio management, financial underwriting, or fund-level management involving commercial real estate. Less experience may be substituted for additional education and/or Certifications (i.e., MBA, MRE, CCIM).
• Life-long learner with an entrepreneurial attitude.
• Superior interpersonal, written, and verbal communication skills.
• Strong organizational and time management skills.
• Detailed oriented self-starter with managerial skills.
• Ability to multitask, prioritize, and take directions from managers in different business units.
• Strong analytical skills and ability to learn quickly, achieve results, and excel in a fast-paced, deadline driven environment.
• Ability to work on a team, as well as independently, while driving multiple priorities and applying good judgement along with strong sense of self-motivation and direction.
• Smart, energetic, team player with a strong work ethic and commitment to excellence.
• Willingness to travel as required.