Director - Asset Management - Retail

Hines • Los Angeles, CA

76d • $173,000 - $225,000

About The Position

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company's esteemed annual list of the World's Most Innovative Companies, as well as recognition as one of U.S. News & World Report's Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

Requirements

• Bachelor's degree in Real Estate, Business Administration, Finance, Accounting, or Economics from an accredited institution.
• 6+ years of experience in the commercial real estate industry with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.
• Prior experience in active asset management of retail assets required.
• Deep understanding of retail leasing, tenant mix optimization, and merchandising strategies.
• Experience managing mixed-use retail properties.
• Familiarity with retail market trends, consumer behavior, and competitive positioning.
• Strong background in financial modeling, lease analysis (e.g., NPV, payback, health ratios), and budgeting.
• Experience with property valuations, forecasting, and performance reporting.
• Understanding of real estate finance and investment principles.
• Advanced, on-the-job proficiency with Microsoft Office and Argus required.
• Excellent leadership and mentorship skills for team development.
• Effective listening skills and interpersonal communication skills.
• Team player mentality with a positive attitude.
• Capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
• Demonstrate prioritization, organization, and time management skills to meet competing deadlines.
• Ability to multi-task in a complex high-volume environment and competency to work with all levels of management and personnel on critical projects.
• Be a risk taker and possess the utmost integrity.
• Ability to withstand long working hours, which are frequently necessary.

Responsibilities

• Lead the third-party Leasing and in-house Operations/Property Management teams to develop short- and long-term strategies designed to maximize the value and tenant satisfaction of each asset.
• Resolve day-to-day operational issues and escalate strategic matters to ownership partners with proposed solutions.
• Prepare and maintain property cash flow models in Argus and Excel to support budgeting, valuation and investment decision making.
• Participate in the annual budgeting process and perform market analysis to develop leasing objectives, operating and financial budgets, project plans, and annual plans.
• Understand the current value and projected future performance of each asset; develop hold/sell recommendations in accordance with ownership's thesis.
• Monitor property operating and financial performance to ensure established goals and objectives are being achieved.
• Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property.
• Supervise execution of capital projects and tenant improvements.
• Ensure that partnership and loan document requirements are satisfied.
• Prepare or review all monthly, quarterly, and annual property reporting required by Owner, Lender and Market.
• Provide assistance to asset managers on dispositions and refinancings, as requested.
• Conduct ad-hoc analyses to support strategic initiatives and continuous improvement of the Asset Management function.
• Comply with all Hines policies and procedures.

Benefits

• Comprehensive training
• Competitive compensation
• Robust benefits
• Generous vacation packages

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Real Estate
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees