Director of Asset Management

Job Description

The Loudermilk Companies is a privately held real estate investment and development company based in Atlanta, Georgia.  The Company owns and manages a diverse portfolio that includes mixed use condominium projects, retail, office, parking, land held for development, timberland and mitigation banks.   Position   The Company is seeking a Director of Asset Management to focus on financial performance and maximizing value at the property and portfolio levels.  The Position reports to the Chief Financial Officer.   Duties and Responsibilities  

• Create and maintain operating budgets and capital improvement budgets, coordinating with third party property managers and parking managers as well as the development and accounting teams.
• Prepare and analyze budget variance reports and make recommendations to management for improving operating efficiencies.
• Identify opportunities to increase revenues.
• Monitor all lease requirements and ensure the Company satisfies all landlord lease obligations.
• Collect rent and ensure tenants comply with all lease requirements.
• Calculate rates for reimbursement of common area maintenance, property taxes and insurance expenses and prepare annual reconciliations to actual expenses.
• Conduct on-site property inspections and work with property management and engineering teams to ensure assets are maintained in peak physical condition.
• Oversee risk management at the property and portfolio levels, maintaining sufficient insurance coverage to satisfy owner and lender requirements at the most efficient pricing available.
• Manage annual property taxes for all properties, including timely filing of appeals and coordination with third party tax consultants.
• Bill and collect asset management fees and reimbursable expenses on a timely basis.
• Prepare due diligence for the financing team and lenders to support the origination and refinancing of debt.

• Bachelor’s degree or higher in business, finance, accounting and/or real estate.
• Minimum of 10 years of experience in real estate, finance or other analytics.
• Proficient in financial modeling and use of Microsoft Office software.  Experience with Argus or other real estate software is preferred.
• Detail oriented and highly analytical.
• Thrives in a small, entrepreneurial environment.
• Self-motivated and deadline oriented.
• Strong written and verbal communication skills.