Associate, Retail Asset Management

Job Description

The Associate, Retail Asset Management position is responsible for maximizing the value of the organization's retail real estate portfolio through the execution of managing, leasing, development, and dispositions of diversified, domestic real estate investments primarily in large format retail. Working under general supervision, this job seeks to achieve superior returns on real estate assets through active management and leasing while operating in a highly collaborative environment.  The position will report to an Asset Management Director on the US Retail Sector Team.  

Key Responsibilities and Duties

• Oversee the financial, operational, leasing and capital matters for a retail portfolio (primarily held in Joint Ventures with prominent operating partners).
• Engage with Portfolio Management to execute fund mandates including developing hold/sell analyses and executing corresponding strategy.
• Participate in the timely production of reports that keep Senior Management and Corporate Governance apprised of changes in property fundamentals and competitive positioning.
• Prepare and/or review annual asset business plans, operating budgets and capital budgets as well as monitor actual performance against approved budgets.
• Produce annual sell/hold assessments and assist in presenting recommendations to Portfolio Management and third party investors.
• Coordinate, on a quarterly basis, with internal and third party appraisers.
• Evaluate investments based on discounted cash flows and return on cost. 
• Maintain knowledge of fund investment strategies and work with the retail team in the execution of investment strategies.
• Present property activities and financial results to investors on a regular basis and execute associated approval process for major decisions.

Required Qualifications:

• 2 years of commercial real estate experience

Preferred Qualifications:

• Undergraduate degree (BS/BA) with emphasis in Real Estate or Finance.
• 3 years of asset management experience with retail real estate.
• Fundamental understanding of commercial real estate operations, leasing, finance, and accounting.
• Strong written and verbal presentation skills.
• Software skills: Argus Enterprise and Microsoft applications including Excel, Word and PowerPoint.