Vice President - Asset Management

MassMutual   •  

New York, NY

Industry: Insurance


8 - 10 years

Posted 386 days ago

This job is no longer available.

Job Responsibilities & Requirements

Typical Responsibilities

  • Responsible for the investment performance, reporting and strategic direction for an assigned investment real estate portfolio which may include industrial, office, multifamily, retail and joint venture investments.
  • Maximize investment value by managing income, cash flow and long term property strategy, all within the framework of the overall portfolio strategy and objectives.  
  • Authority to enter into contracts for the properties assigned, such as leasing and management agreements; this would include selection, negotiation, oversight and termination.
  • Responsible for the oversight of leasing across the portfolio, including analyzing the value added by each lease and ultimately the execution of approved leases.
  • Ensure that performance and investment objectives of assets are met.
  • Participate in acquisition process and due diligence for new investments.
  • Manage lease-up of new and existing assets with brokerage community and property managers.
  • Responsible for successful and timely execution of disposition of assets per the portfolio requirements.
  • Identify prospective operational problems that could adversely affect investment values, and recommend and implement successful solutions.
  • Compose and review annual property budgets and management plans. Present to portfolio managers and senior management team on an annual basis.
  • Review and analyze monthly and quarterly financial statements for each property.
  • Perform quarterly and annual reporting requirements for properties.
  • Prepare quarterly valuations for all properties.
  • Monitor and approve the release of capital expenditure funds for capital improvements and escrow.

Knowledge Requirements

  • 5 – 8years experience as an Asset Manager or have at least 10 years of relevant commercial real estate industry experience.
  • Bachelor’s degree in Business or Finance required.
  • MBA is strongly preferred.
  • Preferably has specific real estate investment experience with property in selected regions.
  • Knowledge of financial modeling and analysis programs (ARGUS, Excel, etc.).
  • Clearly articulate the strategic implications of a variety of financial and operational models as developed.
  • Authorized to work in the US without sponsorship.


  • Ability to interact with members of senior management, executives and line staff in a positive manner
  • Sophisticated financial skills and capital markets perspective
  • Ability to work with (and potentially restructure) joint venture investments to achieve Cornerstone’s investment requirements
  • Exceptional quantitative underwriting skills
  • Ability to influence others and win support on critical issues
  • Must have strong client-service focus
  • Must possess a high standard of professionalism and integrity
  • Ability to prioritize, multi-task and meet tight timelines
  • Ability to make key recommendations and decisions
  • Exceptional interpersonal, verbal and written communication skills; proven presentation skills
  • Willingness and ability to travel overnight