Vice President, Retail Asset Management

Position Summary

This Vice President will be an instrumental member of the Retail Asset Management team and operating and managing a designated set of retail assets within the current portfolio.

Essential Duties

• Manage third-party property management teams, internal and external leasing teams, and construction management teams in all aspects of property operations
• Execute the annual budget process, including preparation, completion, and presentation of annual business plans, projected revenue and expense forecasts, and subsequent incorporation into valuation models as applicable
• Review valuation analysis to develop recommendations for potential leasing transactions and redevelopment / repositioning opportunities, as well as capital allocation and implementation
• Ensure accurate and timely submittal of management reporting on the portfolio and operating partners portfolio: review of monthly third-party reports as well as assisting in the compilation of internal asset management portfolio reports on a monthly, quarterly and annual basis
• Develop the strategic plan for the portfolio, including preparation and completion of annual budgets and business plans, including revenue and expense budgets, marketing plans, and valuation models along with leasing strategy, merchandising mix and long-term value creation initiatives
• Provide oversight and support to asset management analyst team in conjunction with all primary responsibilities, including financial analysis and reporting components for the overall retail portfolio. Similarly, work with equity investment team to provide regular property and leasing updates to ensure accurate internal valuation maintenance
• Aid with due diligence efforts performed during the acquisition phase, specifically: tenant interviews, underwriting assumptions (market rent, lease up timing, leasing costs, and capital improvements) and third-party reports (environmental and engineering reports) for future acquisitions
• Professionally represent ARES to the broader real estate community (e.g., brokers, bankers and other service providers)
• Visit all properties within the portfolio on a regular basis to coordinate efforts with third party property managers and leasing teams. Serve as the expert in each market where properties are assigned. Travel as required of position
• Maintain a strong knowledge of the market conditions
• Complete special projects as assigned

Knowledge, Skills & Abilities

• Bachelor’s degree with undergraduate coursework in business, finance, accounting; with a strong understanding of real estate finance principles and outstanding academic credentials
• 8+ years of relevant work experience, with prior experience in the retail sector as a requirement
• Ability to comprehend, analyze, interpret and create real estate documents including, but not limited to, LOIs, RFPs, property offering memorandums, market reports and tenant leases
• Experience and understanding of financial concepts specifically relating to asset values derived from pro forma cash flows and capital markets assumptions
• Excellent written and verbal communication skills with an ability to manage multiple projects simultaneously and to manage both internal and external teams
• Proficiency in Excel and Argus
• Self-starter with a strong work ethic and a vested interest in the retail real estate profession

Reporting Relationships

Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

• $180,000.00 - $225,000.00

Benefits

• Comprehensive Medical/Rx, Dental and Vision plans
• 401(k) program with company match
• Flexible Savings Accounts (FSA)
• Healthcare Savings Accounts (HSA) with company contribution
• Basic and Voluntary Life Insurance
• Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
• Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit
• Access to a world-class medical advisory team
• Mental health app that includes coaching, therapy and psychiatry
• Mindfulness and wellbeing app
• Financial wellness benefit that includes access to a financial advisor
• New parent leave, reproductive and adoption assistance
• Emergency backup care
• Matching gift program
• Education sponsorship program