About the Role:The Director of Asset Management will develop a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.
Responsibilities:- Train, manage and lead a team of Analysts and/or Associates.
- Cultivate and further develop/maintain partner relationships.
- Report out on portfolio performance to both senior management and external partners.
- Lead annual portfolio review meetings with JV partners.
- Build relationships with teammates cross-departmentally.
- Lead onboarding process for new JV partners and lenders.
- Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.
- Deep knowledge and understanding of loans and debt structure, transactional documents and processes and management agreements.
- Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.
- Assist SVP of Asset Management with departmental initiatives, including formulating and refining processes and procedures.
- Analyze operating budgets, capital plans and reforecasts. Provide variance commentary to original business plan.
- Monitor property performance throughout the investment cycle and support critical capital market events.
- Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.
- Oversee the production of various reports tracking property operations and performance across all vertical departments.
- Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.
- Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses.
- Review Lender covenant calculations for accuracy and input.
- Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.
- Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.
- Evaluate and support loan advance or escrow draw requests.
- Organize, oversee and review the annual property operating budgets and business plans for portfolio. Integral team member in rolling up asset and portfolio budget metrics to guide business plan. Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.
Soft Skills/Behaviors:- Ability to collaborate with all departments to accomplish organizational objectives in a growing portfolio.
- Well developed and effective communication and interpersonal skills.
- Passion and aptitude to lead, supervise and develop asset management teammates
- Strong presentation skills.
- Articulate communicator.
- Ability to persuade and influence in order to get all parties' buy in.
- Hands-on and ready to pitch in on whatever is needed.
- Service first attitude.
- Proactive, energetic with a creative disposition.
- Problem solver and resourceful.
- High sense of urgency.
Technical Skills:- College degree in business or finance with related real estate experience.
- 7-10 years of asset management experience with an understanding of retail asset types.
- Strong skills in financial analysis and modeling - experience with Argus REQUIRED.
- Advanced Excel skills.
- Fluent in investment modeling and returns analysis
The expected salary range for this position is between $140,000 and $155,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.
