Director, Asset Management (HQ)

Faropoint•Hoboken, NJ

1d•Onsite

About The Position

Faropoint is a pure play RE fund manager established in 2012, focusing on the last mile industrial sector. They have acquired more than 500 warehouses to date, making them the most active aggregator of warehouses in the US in the past five years. The company operates through 7 regional offices with over 120 employees in vertically integrated teams, enhanced by proprietary AI-driven tools. The Investments Team is expanding, and Faropoint is seeking an ambitious and motivated Asset Manager to join their Hoboken, NJ Headquarters. The ideal candidate should have 5-8 years of Asset Management experience and be looking to expand their knowledge and experience to Real Estate Private Equity.

Requirements

Ideal candidate will have 5-8 years of experience as an Asset Manager in the industrial/commercial real estate industry.
Bachelor's Degree
Proficiency in Microsoft Office including advanced Excel skills.
Ability to give and take direction and to interface with decision makers in a professional manner while maintaining confidentiality.
High learning agility with an ability to manage multiple priorities while working in a fast-paced and dynamic environment.
Demonstrates attention to detail and a high level of accuracy.
Self-starter who independently drives projects to completion by self-sourcing information and leveraging all available resources.
Willingness to travel 10-15% of the time
Knowledge of finance concepts including an understanding of financial statements.
Personal and professional integrity of the highest order required.

Responsibilities

Manage industrial assets end-to-end from a property/asset management perspective. This may include: tenant support, written reports, updating tech platforms, record keeping, and tenant relations.
Lead the leasing process, including market analysis, comparative analysis, and negotiations.
Lead workflows conducting transaction analysis and due diligence for new acquisitions and onboarding new properties.
Review and approve all aspects of industrial real estate appraisals and operational budgets, including rental rates, discounted cash flows, and capital work.
Maintain properties by scheduling ongoing routine maintenance.
Coordinate maintenance technicians and construction management schedules.
Prepare and coordinate bid proposals, service contracts, and invoices.
Assist in scheduling tenants’ maintenance requests.
Develop analytical tools to allow leadership to better understand the state of the portfolio and streamline work processes.
Assist in lease administration such as maintaining tenant contacts, tracking insurance, collections, and tracking property inspections.
Prepare and code invoices for PM/AM approval.
Manage and assist in accounts receivable and accounts payable.
Assist with monthly and quarterly reporting to investors.