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Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Austin
 TX
Postal Code
78746
Country
United States

This job is no longer active.

Description


Title: Asset Manager


Position Summary:

Asset Manager for real estate development company and private equity fund. Portfolio consists of senior living, multi-family, self-storage and industrial assets located in New Mexico, Texas, Florida, Arizona, and South Carolina. Asset manager will oversee between 20-30 assets in their portfolio. The asset manager is responsible for directing the third-party management companies who manage the current portfolio.


Responsibilities:

  • Review, analyze and recommend approval/disapproval of all forecasts and budgets
  • Develop and maintain relationships with external partners
  • Work with the accounting group on compliance with loan agreements, equity agreements, and ground leases
  • Conduct site visits as needed to understand operations and requested capital needs
  • Review financial, operational, and market results for the portfolio vs. budget, historical performance, and underwriting data and understand variances
  • Assist in the development and execution of asset strategies, including the ongoing monitoring of such strategies during the holding period, to maximize the value of each asset
  • Work with third-party management companies and internal teams to maximize total return for each asset in the portfolio through the analysis of property efficiencies and identify opportunities for improved performance
  • Create and distribute periodic asset management reports, newsletters, and analyses to the corporate office, investors, lenders, and other parties
  • Assist accounting to manage the cash flow and profitability of each asset in the portfolio to include detailed financial analysis on a quarterly and annual basis
  • Develop an understanding of the various asset types and markets; utilize the knowledge to refine business strategies
  • Assist in the creation of disposition plans and assist in the preparing of assets for sale, and in the marketing of the assets
  • Oversee the disposition process; including preparation of documents and property tours 


Environment:

  • Cultivate and maintain good relations with clients, fellow employees and general business community
  • Conduct yourself in a professional, positive and welcoming manner that reflects an affirmative image of the company. Always present a high level of integrity, pride, and enthusiasm 


Qualifications:

  • Ideal candidate will have 7-10+ years of total work experience, preferably with 5 years in real estate and asset management; senior living experience a plus
  • Bachelor's degree in Real Estate, Economics, Statistics, Finance, Accounting or similar business field; advanced degree a plus
  • Must have strong knowledge of real estate including legal documentation, underwriting, valuation, purchases/sales, and property operations
  • Strong communication, presentation, and analytical skills
  • Microsoft Office proficiency, specifically in Excel
  • Solid understanding of general finance, accounting principles and financial reporting
  • Willingness to travel (30%-40%)
  • Ability to work with many deadlines, time requirements conflicts, management pressures and ambiguity within a fast-paced team-oriented and lean environment
  • Willingness to work occasionally long and unpredictable hours

 

Competencies:

  • Sets high goals for self and others to achieve exceptional business results. Works tenaciously to overcome obstacles and to meet or exceed goals, remains self-disciplined and focused on continuous improvement
  • Works well with multiple teams and departments. Assists other staff members when needed. Is approachable and sensitive to how he/she is coming across to others. Listens effectively. Team orientated and cooperative. Responds to and relates well with colleagues to achieve a common goal or work product
  • Excellent written and verbal communication skills; tailors message to the audience; skilled in interacting effectively with courtesy and tact
  • Maximizes productivity; focuses on highest priority tasks while maintaining progress on other assignments
  • In-depth knowledge and understanding of finance principles and terminology. Ability to advise and resolve complex issues related to financial statements. Keeps current with developments and trends in the industry
  • Maintains a positive outlook; resists stress and works constructively under pressure; responds resourcefully to change and ambiguity

 

Job Function


 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management Austin Full Time TX Asset Management Asset Manager other