Asset Manager

This role within the Asset Management department will focus on the financial analysis, reporting and management of a commercial real estate portfolio. The Asset Manager plays a direct role in the operations, management, value creation and strategic direction of real estate assets under management.

Employee will exercise independent judgment in day-to-day responsibilities with limited supervision.

Essential Job Functions

• Analyze property performance for a commercial real estate portfolio
• Establish strategic goals for the portfolio and manage strategy decisions to maximize value and financial performance of the portfolio
• Perform detailed financial analysis on monthly, quarterly, and annual financial packages
• Review budgets, forecasts, and other ongoing financial projections
• Create and update Profit and Loss (P&L) reports, performance vs. budget reports, cash flow schedules
• Provide monthly investment summary to investors and respond to their comments and requests as needed.
• Manage capital expenditures
• Work with third party property management team on the portfolio
• Assist in property acquisition and management transition process and ensure required capital projects are completed in accordance with the lender requirements.
• Assist with the refinance of existing properties.
• Research and analysis as needed
• Develop and maintain network of industry relationships
• Work with team members to complete loan draws for capital expense items, and review and approve capital expense projects
• Communication and reporting out to investors
• Perform periodic visits of assigned properties to identify opportunities and potential capital needs.
• Additional duties as may be assigned

Minimum Requirements

• Bachelor’s degree in Accounting, Finance, Real Estate or related field
• 2-5 years experience in commercial real estate Asset Management preferred
• Familiarity with accounting software
• Good communication skills, both oral and written
• Working knowledge of Microsoft office products including Word, Excel, PowerPoint, and Outlook, and Teams

Skills and Abilities

• Ability to supervise staff
• Good organizational and time management skills
• Able to work in a fast-paced, team-oriented environment
• Able to prioritize, multi-task and meet tight deadlines
• Strong interpersonal skills with the ability to collaborate internally and externally
• Able to use a variety of office equipment, such as computers, photocopiers, scanners, and videoconferencing and telephone systems
• Computer literate – capable of performing tasks such as: create spreadsheets; compose correspondence; manage databases; and create presentations, reports, and documents using desktop software and digital graphics
• Exhibit discretion and good judgment
• Ability to work independently