Senior Asset Manager

Factory Mutual Insurance Company•Waltham, MA

3h•Onsite

About The Position

Hobbs Brook Real Estate LLC is an innovative commercial real estate leader with a portfolio of forward-thinking, sustainable properties in the United States and Singapore. Shaping the market since 1952, the company acquires, develops, manages, and serves as a valued partner to a variety of stakeholders. Hobbs Brook Real Estate (HBRE) brings unique property visions to life with a commitment to improving both the environment and the community. This position requires travel to various local properties on a routine basis, with up to 20% of travel to other markets as needed. The Senior Asset Manager will oversee all aspects of HBRE tenant leasing activities, ensuring that every executed lease delivers both financial and strategic value to HBRE. Cultivate strong connections with the broader real estate and business communities in every market where HBRE maintains a presence, thereby reinforcing HBRE’s positive reputation across regions. Take responsibility for managing brokerage partnerships in multiple markets, while consistently upholding all HBRE-endorsed standards, policies, and procedures. Play an integral role in shaping HBRE’s real estate strategy—both short- and long-term—by leveraging thorough data analyses related to pricing, occupancy rates, market demand, and other internal and external drivers. Partner with Finance and Property Management teams to support budget development and review, and conduct in-depth financial analyses of real estate transactions. Present key market research findings, highlighting industry best practices and benchmarks to inform decision-making. Direct the daily operations of a portfolio including property management, leasing, and capital deployment, all with the aim of advancing HBRE’s investment strategy, driving value creation, and consistently achieving outperformance. Closely monitor asset performance against a range of benchmarks, including client objectives, pro-forma metrics, and budget goals, as well as prevailing market standards. Supervise property management, leasing, accounting, legal, appraisal, tax, and research teams, in addition to coordinating with third-party consultants to develop and implement comprehensive annual business plans. Maintain open and effective lines of communication with Senior Leadership, providing regular updates on investment management activities—encompassing physical, financial, and leasing performance. Stay current on regional capital markets activity to reinforce HBRE’s credibility and informed decision-making. Conduct regular market visits and property inspections for assigned assets, and actively participate in the appraisal and internal valuation process, ensuring timely and accurate input through platforms such as ARGUS, Microsoft Excel, and VTS. Support HBRE’s growth initiatives by assisting with potential acquisitions and dispositions. Collaborate closely with the transactions, dispositions, engineering, and closing teams to ensure seamless investment execution and thorough due diligence. Review and approve a variety of documents tied to asset operations and marketing, including management agreements, leasing contracts, and service agreements. Foster strong, collaborative working relationships with teams across property management, engineering, leasing, legal, and accounting to deliver seamless operations and drive collective success.

Requirements

7+ years of commercial real estate experience required
Strong knowledge of commercial leases, contracts, and legal lease language
Proven ability to perform financial analysis related to lease terms, property performance, and investment decisions
Excellent negotiation, communication, and presentation skills
Advanced analytical thinking with strong problem-solving capabilities
Sound business judgment and decision-making skills
Ability to manage multiple projects simultaneously in a fast-paced environment
Solid understanding of real estate trends, including local markets and submarkets
Ability to work independently with minimal supervision, while also contributing effectively in a team environment
Strong relationship management skills with both internal stakeholders and external partners
Proactively engages with stakeholders to understand needs, address challenges, and deliver results
Proficiency in Microsoft Word and Excel
Candidates must hold a bachelor's degree

Nice To Haves

10+ years of experience preferred, with demonstrated progression in asset management or related roles
Experience with industry tools such as Yardi, VTS, and Argus
An MBA is strongly preferred

Responsibilities

Drive portfolio value and performance by improving financial outcomes, asset strategy, and overall results across leasing and operations
Strengthen investment decisions through financial modeling and market insights that shape portfolio direction
Improve asset-level financial health through effective budget oversight and performance optimization
Deliver strong deal outcomes across leasing, acquisitions, and dispositions that maximize returns
Enhance operational execution by aligning cross-functional teams to meet business plans and performance goals
Increase leadership confidence through clear insights, reporting, and actionable recommendations
Oversee all aspects of HBRE tenant leasing activities, ensuring that every executed lease delivers both financial and strategic value to HBRE
Cultivate strong connections with the broader real estate and business communities in every market where HBRE maintains a presence
Manage brokerage partnerships in multiple markets, while consistently upholding all HBRE-endorsed standards, policies, and procedures
Shape HBRE’s real estate strategy—both short- and long-term—by leveraging thorough data analyses related to pricing, occupancy rates, market demand, and other internal and external drivers
Partner with Finance and Property Management teams to support budget development and review
Conduct in-depth financial analyses of real estate transactions
Present key market research findings, highlighting industry best practices and benchmarks to inform decision-making
Direct the daily operations of a portfolio including property management, leasing, and capital deployment
Monitor asset performance against a range of benchmarks, including client objectives, pro-forma metrics, and budget goals, as well as prevailing market standards
Supervise property management, leasing, accounting, legal, appraisal, tax, and research teams, in addition to coordinating with third-party consultants to develop and implement comprehensive annual business plans
Maintain open and effective lines of communication with Senior Leadership, providing regular updates on investment management activities—encompassing physical, financial, and leasing performance
Stay current on regional capital markets activity
Conduct regular market visits and property inspections for assigned assets
Actively participate in the appraisal and internal valuation process, ensuring timely and accurate input through platforms such as ARGUS, Microsoft Excel, and VTS
Support HBRE’s growth initiatives by assisting with potential acquisitions and dispositions
Collaborate closely with the transactions, dispositions, engineering, and closing teams to ensure seamless investment execution and thorough due diligence
Review and approve a variety of documents tied to asset operations and marketing, including management agreements, leasing contracts, and service agreements
Foster strong, collaborative working relationships with teams across property management, engineering, leasing, legal, and accounting to deliver seamless operations and drive collective success