Director, Asset Management
About the role
The Director, Asset Management oversees the strategic management and value creation of a region(s) of Kamehameha Schools' (KS') Hawai'i real estate portfolio (ʻĀina Pauahi), comprising of commercial ground-leased and space-leased assets, residential properties, agriculture and conservation assets. The role works closely across the ʻĀina Pauahi functional divisions and KS business lines to manage, develop, transact, and advocate for policy that advances financial and non-financial returns of the portfolio.
Responsibilities
Serves as the primary regional leaders of KS real property asset efforts, including but not limited to facility access, supporting and developing asset and strategic resource plans that achieve an optimal balance of educational, cultural, environmental, community, and economic values.
Participates in the review and revision of the portfolio asset plan and strategy, emphasizing selection of markets, property types and operating strategies, opportunity and threat analysis, strategic positioning of assets, marketing and leasing strategies, capital structure, operating strategies, cash flow forecasting, return on investment analysis, valuation, investment and sale timing (as appropriate) and performance metrics.
Assists with portfolio-level and property level risk mitigation strategies to reduce volatility of returns.
Manages staff, including recruitment, goal-setting, evaluation, development, and succession planning.
Identifies and implements non-economic opportunities to advance KS' educational mission within the commercial portfolio, including leveraging KS' business relationships to create student access and opportunity.
Learns and implements leading industry practices and processes to continuously improve operations.
Leads the divisional asset management operations and strategy to increase portfolio value and income, while cultivating prosperous 'ohana and communities through active management that increases occupancy, secures quality tenants, and reduces operating expenses to maximize financial, social, and environmental performance of assets without sacrificing excellent customer service or property maintenance.
Manages a team of Asset Managers, support staff and third-party property managers and leasing agents.
Performs specific areas of responsibility including vendor selection and performance review, review and amend policies and procedures, annual leasing guidelines, departmental budgets, property budgeting, financial controls, major lease negotiations, capital expenditure approvals, lease collections, resource planning, cash management, easements, and community relations.
Requirements
Master's degree in Business, finance or closely related field.
Minimum 10 years of directly related work experience, to include progressively responsible work experience in real estate asset management, development project management and/or consulting for an institutional owner.
Minimum 5 years of experience as a director or manager.
Understand and have demonstrated proficiency with the full cycle of commercial real estate investment activities, including feasibility analysis, development, acquisitions, financial structuring, marketing, property management, marketing and leasing, credit analysis, and divestment.
Familiarity with governmental departments and regulations with regard to permits, zoning, building codes and archeological issues.
Familiarity with trends, supply/demand, and issues affecting real estate.
Demonstrated proficiency with portfolio and asset planning such as buy, hold, and sell analyses.
Demonstrated proficiency with negotiation skills for sensitive, high-level relationship management.
Demonstrated understanding of real estate economics including supply and demand relationships, analytical techniques, and knowledge of appraisal approaches and drivers of value.
Strong leadership qualities.
Able to develop strong community and tenant relations.
Able to foster strong team building ethic among professional staff.
Able to manage highly confidential information using ethical conduct and discretion at all times.
Able to prioritize and manage multiple activities simultaneously, be able to meet deadlines, and to work independently with a high degree of accuracy.
Able to travel to offsite locations on- and off-island as needed.
Ability to work evening and weekend hours as required to meet goals and objectives.