Asset Manager

Trigild•New York, NY

7d•$139,400 - $209,000

About The Position

The Asset Manager will manage a portfolio of distressed assets in receivership, working with internal and external teams to meet each asset’s objectives, maximize property performance, and stabilize assets for their next phase. The portfolio may change frequently, and the role involves varied assignments across commercial real estate assets. Trigild manages and operates commercial properties and businesses, including hotels, multifamily complexes, office buildings, restaurants, golf courses, and amusement parks. Its services include property management, receivership, fiduciary operations, consulting, and dispositions. The role supports asset performance and investor and leadership reporting.

Requirements

At least 3 years of experience focused on asset management activities, including leasing, financing, managing tenant improvements, capital investments, and dispositions.
Experience with distressed assets, often Class C and B.
Ability to work independently and creatively to solve challenges.
Exposure to the legal aspects of commercial assets in receivership.
Comfort navigating quickly changing portfolios and maintaining discretion when interfacing with building tenants.
Bachelor’s degree in Real Estate, Finance, or Accounting.
In-depth knowledge of real estate finance, including commercial lease terms and debt and equity structures.
Ability to work successfully in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups.
Strong analytical, accounting, and critical-thinking skills.
High comfort level with technology used for collaboration, communication, and documentation.
Excellent written and oral communication skills.
Advanced Excel knowledge, including building templates for other users.

Nice To Haves

MBA.

Responsibilities

Develop and implement strategic business plans for each asset covering daily operations, market positioning, and ultimate disposition.
Assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations.
Assist with transaction analysis and due diligence for new acquisitions.
Assist with due diligence and follow-up on property transactions.
Review monthly property management reports for variances against budget and strategy.
Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership.
Create cash flow projections and analyze and recommend investor capital calls and distributions.
Develop analytical tools to help leadership understand the state of the portfolio.
Monitor and maintain compliance with lender requirements.
Monitor timely payment of taxes and insurance premiums.
Monitor escrow and operating cash accounts to ensure they are properly funded.
Collaborate with other departments to improve and document processes and streamline reporting.
Oversee third-party brokerage teams and leasing.
Negotiate leases and renewals throughout the portfolio.