Equity Asset Management Director

Barings•Chicago, IL

1d•$165,000 - $180,000

About The Position

The primary function of this position is to maximize value of the Firm’s assets through the formulation and execution of asset management strategies for a regional portfolio of real estate equity assets across various asset classes including multifamily, industrial, office, life science, self storage, and retail.

Requirements

8-10 years of real estate asset management experience
Bachelor’s degree required preferably with a Business, Finance or Real Estate focus; MBA preferred
Sophisticated financial skills, including advanced proficiency in ARGUS and Microsoft Excel
Strong quantitative and analytical background
Demonstrated negotiation and transactional experience
Proficiency with capital structure (equity, debt, partnership waterfalls, etc.)
Willingness and ability to travel
Existing relationships with real estate market participants (brokers, leasing agents, appraisers, etc.)
Exceptional interpersonal, verbal and written communication skills.
Proven presentation skills.
Sophisticated financial skills and capital markets perspective.
Ability to interact with senior management, line staff and third parties in a positive manner.
Highly organized and collaborative approach to problem solving
Keen attention to detail and the ability to manage to aggressive deadlines
Ability to prioritize and manage multiple tasks
Excellent problem solving skills
Ability to make key recommendations and decisions

Responsibilities

Implement a value-added approach to each asset by analyzing revenue opportunities; maximizing property operations; and directing strategic capital investments for assigned properties.
Work with internal resources and third party leasing brokers, property managers and other relevant participants to achieve goals.
Oversee quarterly valuation process for responsible investments, including working with analysts and portfolio management.
Review external appraisals and reconcile valuation issues.
Conduct inspections of assigned assets to develop a thorough understanding of properties and their competitive positioning; identify opportunities for improvement and communicate to relevant internal and external stakeholders.
Develop leasing strategies and lead marketing and leasing calls with brokers.
Negotiate and execute leases, property management agreements, and other related contracts.
Prepare and review annual property business plans including SWOT analyses and capital plans.
Review and analyze monthly and quarterly property operation reports.
Assess investment performance against pro forma/budgets; create action plans for underperforming assets.
Prepare periodic reports to portfolio management, clients, and Barings senior management.
Prepare hold/sell analyses; make recommendations to portfolio management and present to Investment Committee.
Lead disposition effort including marketing strategy, buyer interviews, purchase and sale contract negotiation, and closing process.
Analyze and determine ROI of new capital investment; monitor ongoing capital improvement work, including development and renovation.
Support due diligence and closing processes on new acquisitions, including legal, financial and physical reviews.
Present due diligence findings to Investment Committee.
Assist with financings including lender due diligence and loan document negotiation.
Forge strong relationships with operating partners, brokers and other industry participants and stakeholders.
Develop deep knowledge of markets in which assets are located; responsible for analysis of market trends and economic drivers to understand impact on asset performance and enable adjustments to strategy in advance of or response to dynamic property market and capital market conditions.
Support ESG efforts and implementation of ESG strategy across managed assets.
Supervise, direct and mentor analyst support of asset management function.
Report to Regional Asset Management Lead

Benefits

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program