Bachelor's degree preferred; 5+ years in commercial real estate asset or property management.
Experience with distressed or receivership assets is a plus.
Real Estate License required where applicable; CPM or RPA designation preferred.
Advanced proficiency in Microsoft Excel; familiarity with Yardi, MRI, and Kardin is advantageous.
Strong understanding of financial principles; capable of budgeting and variance analysis.
Excellent communication skills for conveying complex information clearly.
Demonstrated leadership experience or potential in a collaborative team environment.
Responsibilities
Manage financial and operational performance of distressed assets to maximize value.
Monitor income and expenses, ensuring compliance with court-approved budgets.
Prepare monthly operating reports and necessary court documentation.
Oversee rent collection, accounts receivable, lease administration, and tenant relations.
Coordinate maintenance, capital projects, and vendor performance across the portfolio.
Support forensic accounting and reconstruction of financial records from prior ownership.
Assist in asset disposition with valuation support and due diligence.
Benefits
Mentorship opportunities for professional growth.
Exposure to high-stakes asset management in a court-supervised environment.
Collaboration with a high-functioning team of professionals.
Opportunity to work with distressed assets, enhancing crisis management skills.
Full Job Description
As Senior Asset Manager in LPC's Asset Management practice, you will manage the financial and operational performance of a portfolio of distressed assets under receivership, producing court-compliant reporting and executing value-preservation plans.
Essential Duties and Responsibilities
Manage the financial and operational performance of assigned distressed assets to preserve and maximize value under court supervision.
Monitor income and expenses, track variances, and ensure assets operate within court-approved budgets.
Prepare monthly operating reports, reforecasts, and reporting inputs required by the receiver and the court.
Oversee rent collection, AR management, lease administration, and tenant relations.
Coordinate maintenance, capital projects, insurance, and vendor performance across the portfolio.
Support forensic accounting and reconstruction of prior ownership financial records.
Assist disposition efforts with valuation support, due diligence, and reporting.
Mentor and review the work of Asset Managers and analysts.
Perform other duties and responsibilities as assigned.
Qualifications
Bachelor's degree (BA/BS) preferred with 5+ years of commercial real estate asset or property management experience. In lieu of a degree, a combination of experience and education will be considered.
Experience with distressed or receivership assets preferred.
Real Estate License required where mandatory by local regulation. CPM or RPA designation or candidacy preferred.
Advanced skills with Microsoft Excel; knowledge of Yardi or MRI and Kardin preferred. Working knowledge of leases, contracts, and financial reporting.
Advanced knowledge of financial terms and principles; ability to forecast outcomes, prepare budgets, and deliver insightful variance reports.
Excellent written and verbal communication skills; ability to clearly convey complex topics and lead exchange of sensitive information.
Demonstrated leadership potential or experience; proven collaborative contributions within a high-functioning team.
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
Physical Requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Requires periodic inspection of assigned distressed assets. Travel to assigned assets as required.
