Asset Manager

White Lotus Group•Omaha, NE

2d•Onsite

About The Position

White Lotus Group (WLG) is seeking an experienced Asset Manager to oversee their diverse portfolio across commercial, multi-family, and hospitality assets. This role is crucial for developing and executing business plans, optimizing portfolio performance, and ensuring financial health. The Asset Manager will act as a key liaison between ownership, property management, and construction/development teams, driving strategic decisions and managing risks. This is a full-time, in-person role based in Omaha, NE, with some travel expected, reporting to the Executive Vice President of Operations.

Requirements

5+ years of experience in asset management, portfolio management, or a senior property management/finance role within real estate.
Experience spanning more than one asset class (commercial, multi-family, or hospitality) is strongly preferred; WLG’s portfolio crosses all three.
Strong financial acumen: comfortable building and defending a pro forma, reading a P&L, and translating numbers into a decision.
Working knowledge of loan documents, reserve requirements, and lender or investor reporting expectations.
Proven ability to set targets and hold property-level teams accountable to them without owning their day-to-day operations.
A generalist’s range and a specialist’s discipline; willing to learn the operating nuances of each asset class rather than defaulting to what’s familiar.
Proficiency in Yardi or comparable property/asset management software, and Office 365 (Word, Excel, PowerPoint).
Bachelor’s degree in real estate, finance, business, or a related field preferred; CPM, CCIM, or similar designation a plus.

Nice To Haves

Experience spanning more than one asset class (commercial, multi-family, or hospitality) is strongly preferred; WLG’s portfolio crosses all three.
CPM, CCIM, or similar designation a plus.

Responsibilities

Own the business plan of WLG’s portfolio across commercial, multi-family, and hospitality assets, recommending hold, reposition, refinance, or disposition strategies to ownership.
Oversee all third-party management vendors for optimizing overall portfolio performance.
Assist with setting annual budgets and performance targets (NOI, occupancy, revenue growth, expense ratios) for each asset, in partnership with property management and finance.
Evaluate capital improvement and value-add opportunities, building the financial case (ROI, payback, impact on asset value) for ownership approval.
Track each asset against its business plan and escalate variances before they become surprises.
Review monthly and quarterly property financials against budget, identify variances, and drive corrective action with property management teams.
Prepare asset-level and portfolio-level performance reporting for ownership and, where applicable, lenders and capital partners.
Monitor loan covenants, reserve requirements, and refinancing or maturity timelines across the portfolio.
Partner with finance on cash flow forecasting and distribution planning.
Lead the overall property and casualty policies set to cover the overall portfolio.
Lead the execution of risk mitigation and prevention policies.
Lead any applicable claims management issues.
Review annual property tax valuations and lead applicable appeals processes.
Serve as the connective layer between ownership, property management, and construction/development on asset-level decisions.
Partner with construction and development on capital projects and repositioning work, keeping scope and budget aligned to underwriting.
Support acquisition and due diligence efforts with underwriting, market analysis, and risk assessment as WLG evaluates new opportunities.
Build and maintain key vendor, lender, and broker relationships relevant to asset performance.