Asset Manager

Job 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