Vice President - Asset Management
Fifteen Group Capital LLC
Miami, FL
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
Vice President of Asset Management will be responsible for assisting with the firm's commercial real estate portfolio. The ideal candidate will be an individual who is highly skilled, self-starter, analytical, operates with common-sense and experienced with office, retail, and multi-family rental apartments. This role with work closely with the Managing Director Asset Management and other senior leaders to manage assets located within Florida, Texas and California.
SKILLS/KNOWLEDGE/ABILITIES
· Ability to methodically solve problems and quantify solutions with limited direction
· Review capital budgets and long-term goals for existing assets and acquisitions to formulate annual business plans
· Work closely with property management teams to implement business plans
· Manage vendor relationships nationally to obtain best pricing for all services
· Work with Capital Project group to implement renovation and/or rehab plans
· Identify and evaluate opportunities to renovate existing communities, analyzing projected costs, cutting costs and investing in renovations when necessary
· Conduct property site visits to maintain familiarity with property management and operating team
· Oversee financial analysis of portfolio's operating results, identifying trends, telling a story, and providing strategic recommendations to senior management
Continuously monitor performance against original underwriting
· Oversee due diligence on potential acquisitions to the portfolio
· Experience working in a result-oriented environment with multiple competing deadlines
Self-motivated with ability to make independent decisions while working within groups framework goals and policies
· Exemplary work ethic
· Strong communication skills that can tailor to both technical and non-technical audiences
· Strong PC skills required, including extensive experience with spreadsheets
· Strong analytical skills and strict attention to detail
· Ability to prioritize several tasks at one time and meet tight deadlines
· Advanced knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives
EDUCATION AND EXPERIENCE
In return for a competitive compensation package, the ideal candidate will possess the following:
· Bachelor’s degree in finance, Real Estate, Business or related field, MBA is a plus
· Industry designations a plus; CPM or CCIM
Strong understanding of valuation process; highly capable of valuing all major commercial real estate product types via DCF
· 5+ years’ experience in asset management, acquisitions, operations with focus in Office, Retail and Multifamily properties
· Proven track record of managing complex portfolios of properties
· Proficient in creating and analyzing Excel financial models based on historic data
· Operations exposure or knowledge
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