Director Asset Management

Job Description

• Maintain strong relationships within the real estate industry to ascertain market and asset trends. Source and analyze market research.
  
  
• Identify and communicate each asset’s competitive position relative to its peer set. Develop strategies that best position each asset to outperform competitors.
  
  
• Identify value-add opportunities and lead the execution of value-add initiatives including renovations, repositioning, and the oversight of select ground-up developments to maximize total return for each assigned asset. 
  
  
• Provide pre-acquisition and disposition input and assistance in due diligence process, including thorough research on select properties/markets and review of financial and operational assumptions.
  
  
• Regularly communicate market-level insights and contribute to regular asset management reports for Portfolio Managers and Senior Management.
  
  

• Coordinate, produce and present annual business plans to Senior Management and Portfolio Managers. 
  
  
• Lead property management teams, leasing teams/agents, project managers, development managers and other collaborators to implement business plans. Lead negotiation of leases and third-party contracts.
  
  
• Target improvements in tenant satisfaction ratings.  Target utility cost savings and improvements in sustainable building standard scores.
  
  
• Recommend approvals for budgets, forecasts and reforecasts, new leases and renewals. As required, present the case for approval recommendations to Senior Management and Portfolio Managers.
  
  
• Review and approve Yardi quarterly financials/operating statements and variance reports. Understand cash flow requirements and distribution analysis.
  
  

• Maintain internal Argus model for each assigned asset from acquisition closing through disposition.  Review and update quarterly.
  
  
• Analyze and communicate the strategic and financial impacts of prospective tenant leases and capital improvement projects on building valuations.
  
  
• Work with internal teams to review and provide feedback on drafts of quarterly external appraisals.
  
  
• Monitor investment performance and provide feedback on and insights into quarterly MSCI performance results for each asset.
  
  
• Prepare and present asset-level information for external investors as needed. Find opportunities to improve quality and content of investor reporting                                                                                                     
  
  

• Undergraduate degree in Finance, Accounting, Economics or Real Estate from top academic institution required. CFA designation, completion of a real estate related designation, MBA and/or graduate degree in finance/real estate desirable.
  
  
• Minimum of 7-10 years of asset-level experience, preferably working for a third-party fund management company.
  
  
• Network of industry contacts (investment and leasing brokers, investment manager competitors, investment bankers, institutional and non-institutional landlords).
  
  
• Strong leadership and team member training capabilities to serve as a leader to US Asset Management Analysts and other Global Real Estate Group team members. 
  
  
• Knowledge and applied professional understanding of the principles and practices of institutional real estate investment management, capital markets, and portfolio analysis.  Knowledge of commercial real estate trends.
  
  
• Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks. Strong organizational and prioritization skills.
  
  
• Ability to develop investment strategies and provide recommendations for changes or enhancements to improve investment objectives. Ability to integrate top-down and bottom-up perspectives into investment recommendations.
  
  
• Ability to draw conclusions and prepare written findings and presentations. Ability to evaluate and determine property valuations and asset performance under a variety of scenarios. Excellent verbal and written communications skills in order to present to and work with senior management and external clients.
  
  
• Ability to juggle competing priorities and work under pressure to meet demanding response times, all while paying strict attention to detail.
  
  
• Focused and self-motivated team player who balances independent thinking with the execution capabilities and core competencies of the rest of the organization.
  
  
• Superior proficiency with Microsoft Excel, Argus Enterprise. Yardi experience a plus.
  
  

• We’ll empower you to learn and grow the career you want.
  
  
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
  
  
• As part of our global team, we’ll support you in shaping the future you want to see.