Airport Asset Manager

Town of Addison•Addison, TX

25d•Onsite

About The Position

Under the supervision of the Assistant Director, Real Estate, the Asset Manager is responsible for the day-to-day administration and oversight of the Addison Airport real estate portfolio consistent with the Airport’s strategic objectives.

Requirements

Bachelor’s degree in business or related field; AND Five (5) years’ experience as an asset manager or property manager or similar discipline; OR An equivalent combination of education, training, and experience.
Valid Texas Driver’s License.
Must be able to obtain Airport Movement Area certification within two (2) weeks of hire.
Clear Criminal Background check and pre-employment drug screen.
Knowledge of successfully negotiating commercial and land leases, using the industry’s best business practices and techniques.
Strong financial analytical skills capable of developing property proformas, estimating property valuations, including use of PV, NPV, IRR, MIRR, debt amortization, and ad hoc Excel modeling to project asset performance under a variety of scenarios.
Working knowledge of property-level accounting, budgeting, and financial review and analysis.
Knowledge of leasehold mortgages and collateral underwriting practices and processes.
Skilled at being detail-oriented and well-organized.
Ability to research, analyze, and present information both verbally and in writing, as well as create documentation to support recommended actions.
Skilled in working independently without direct supervision as well as in a dynamic team environment.
Ability to be proficient in written and verbal communication.
Ability to establish and maintain effective working relationships.

Responsibilities

Responsible for the profit and loss performance of the portfolio through the development and implementation of accepted portfolio management techniques and procedures; provides input into asset management decisions, strategic planning, and scheduling of capital expenditures.
Draft management plans and business cases supported by financial and strategic analyses, including recommended courses of action for each airport property.
Collaborate with the Leasing Manager and supervisor to develop, document, and implement property strategies necessary to align the airport’s portfolio with the Town’s stated goals and objectives, as outlined in the Airport Master Plan and other departmental governing and planning documents.
Actively participate in lease negotiations and discussions and assist with transactional documentation as needed.
Ensures the real estate group maintains the accuracy and currency of the property and lease management system (RePortfolio).
Performs a monthly review and analysis of each asset in the portfolio; verifies the data for accuracy and consistency and reconciles it with other systems to ensure they are current and accurate.
Updates asset management plans as necessary.
Routinely supports the maintenance and upkeep of the City’s centralized asset/facility management system (IRIS) and the maintenance work order system (CityWorks).
Proactively monitor portfolio critical dates and other portfolio KPIs to ensure the airport real estate portfolio’s performance remains on target.
Performs property inspections to ensure tenant compliance with their lease obligations.
Serves as the primary contact with the Finance Department, especially for reporting on fixed assets, property insurance coverages, and claims, as well as for special audit reports, including GASB 87 and Public-Public Partnership arrangements.
May be asked to perform additional job duties that are directly, indirectly, or entirely unrelated to normal job functions, especially when participating in Town special events.
Performs related duties as required or assigned.