Commercial Asset Manager

The Beach Company•Charleston, SC

just now

About The Position

The Commercial Asset Manager exists to provide operational, analytical, and strategic support to the Commercial Asset Director, ensuring the effective performance, protection, and long-term value of the organization’s commercial real estate assets. This role is responsible for executing the daily activities of asset management while enabling the Director to focus on portfolio strategy. This position will be monitoring Net Operating Income (NOI), ensuring assets remain competitive in their markets, optimizing revenue streams through leasing, renewals, and occupancy strategies, and controlling expenses through smart vendor, maintenance, and operational decisions The Asset Manager ensures assets perform at or above targets supporting the Director’s responsibility for portfolio-level performance.

Requirements

Bachelor’s degree, preferably in Real Estate, Finance, Business, or related field
Relevant experience may substitute for a degree in the specified fields
3+ years' experience in commercial real estate
2+ years' asset management experience
Familiar with property management software (MRI and Yardi preferred)
A results-driven self-starter with an entrepreneurial spirit
Ability to scale productivity with portfolio growth
Financial literacy and practical business acumen with a strong command of MS Excel
Contractually adept, fluent in legalese, and skilled in strategic lease negotiation
Skilled communicator who simplifies complexity into high-level digestible insights
Organized, and can prioritize effectively to deliver accurate, polished work on time
Creatively navigates challenges with innovative solutions
Adaptable and intuitive, improving future outcomes through applied learning
Ability to travel (up to 30%)
This role requires the ability to perform office-based analytical work and to conduct periodic property inspections, including walking properties, climbing stairs, and navigating active operational environments as needed.
Lifting would come in the form of a laptop or luggage for traveling.
While walking job sites, construction areas, and commercial properties there may be uneven surfaces, obstacles, equipment and varying weather conditions.

Nice To Haves

Familiar with property management software (MRI and Yardi preferred)

Responsibilities

Assist in selection process of brokerage, property management, and other contracts
Coordinate with on-site third-party property management teams in budgeting, operations, tenant onboarding, and capital projects
Lead lease negotiations and underwriting of tenant applications in accordance with asset strategy and guidelines determined by ownership
Research market trends to remain competitive while driving revenue growth
Collaborate with brokers and legal counsel to secure new tenants, renewals, and favorable lease structures
Collect tenant upfit plans, and collaborate with Construction Management and Development Management for approvals
Manage communication, coordination, and compliance from lease execution to rent commencement, including tracking trigger dates, sending timely notices, and the execution and organization of applicable documents
Provide leasing updates for first-gen and second-gen commercial space
Monitor and report on monthly/quarterly asset performance against targets
Forecast cash flows, evaluate capital needs, and optimize operating costs
Estimate and reconcile tenant pro-rata shares of operating expenses, accounting for CAM caps, base year stops, and gross-ups
Complete site visits to inspect property conditions, assess potential hazards/risks, and determine appropriate actions
Evaluate, authorize, and track building improvements and major repairs, ensuring quality and cost-effectiveness
Ensure compliance with regional regulatory requirements, zoning, easements, insurance, and debt service covenants
Participate in lender calls, partnership calls, and board presentations
Lead or assist in execution of refinancing, acquisitions, dispositions, insurance renewals, tax appeals, and other initiatives