Manhattan, NY
Salary Estimate: $100,000.00 - $124,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Shorewood Real Estate Group is a multi-strategy real estate investment platform that specializes in the acquisition, financing, and development of institutional quality assets in major gateway markets in the US.
We are currently seeking a Asset Manager with 3-7 years of experience in real estate. The Asset Manager provides full-time support to upper management of the company will be solely responsible for overseeing cash flowing assets.
Responsibilities
· Manage a portfolio of operating/cash flowing real estate assets
· Prepare monthly and quarterly reporting package for each asset
· Review and analyze property monthly financials and cash flow statements
· Read and understand JV, acquisition, and loan agreements as well as transcribing into abstracts
· Provide leasing strategy and oversee leasing consultants. Assist with tenant improvement initiatives.
· Regularly communicate updates to senior management and relevant partners; as well as preparing asset management reports
· Research and analyze pertinent market data and key economic indicators
· Utilize financial models from underwriting team for property valuation, tracking, and reporting
· Perform property site visits (monthly/quarterly/annual)
· Monitor loan document covenants
· Assist in monitoring and reviewing asset budgets, tracking expenses, and ensuring adherence to financial targets
· Identify cost-saving opportunities without compromising quality in the operating assets
· Collaborate with internal teams, such as sales and marketing, to ensure effective coordination
· Foster positive relationships with partners, clients, contractors, and all other parties involved in the project
· Address management concerns, inquiries, and feedback in a timely and professional manner
Requirements:
· Bachelor’s degree in economics, finance, or related field
· Proven experience as an Asset Manager in residential developments
· Must have underwriting, portfolio management, and loan servicing knowledge.
· Excellent organizational and time management skills, with the ability to prioritize tasks effectively.
· Exceptional communication and interpersonal skills to effectively collaborate with diverse team members and various parties
· Effective problem-solving and decision-making abilities, with a focus on finding practical and innovative solutions.
· Ability to work well under pressure and meet tight deadlines.
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