Senior Director of Asset Management

MBK Real Estate Companies

101d • $190,000 - $210,000

About The Position

MBK Real Estate is hiring a Sr. Director of Asset Management to join our Industrial Properties team at our Corporate Office in Irvine, CA! This role will be hybrid with 3 days in office and 2 days remote. Responsible for maximizing the financial performance of real estate assets by leading the company’s asset management, analytics and marketing efforts. In addition, oversee third-party property management company operational activities including, but not limited to, budgeting, forecasting, leasing, marketing, maintenance and capital improvement projects. Assist with the management of joint venture reporting and understanding all requirements of each individual joint venture and how these interact with construction, design and operations. Responsible for leading MIP analytics and marketing including managing associates within the department. The department will also be significantly involved in acquisition due diligence, organizational strategy and operational planning.

Requirements

• Bachelor’s degree required; MBA preferred.
• 5-7 years of real estate experience with a focus on oversight of financial performance, property operations and development of new assets.
• Experience in real estate markets throughout the Western U.S. and Texas.
• Knowledge and experience of financial proformas, due diligence, costs and management of apartment projects.
• Experience creating proforma assumptions and performing due diligence investigations, including market rent studies, other revenue and expense assumptions, purchase agreements, coordinating physical investigations and closing escrow.
• Experience overseeing the purchase and disposition of commercial real estate and property management.
• Strong financial planning skills, especially related to debt and joint venture relationships.
• Ability to maintain a positive reputation and an intimate knowledge of market conditions.
• Possess strong negotiating skills, business ethics and relationship management.
• Effective and proven leader and team manager.
• Understand the importance of creating and implementing business strategies.

Responsibilities

• Oversee asset management of the Company’s portfolio of operating assets, maximizing financial returns.
• Aggressively and proactively review operating results to increase revenue and decrease operating costs.
• Review and execute on recommended increased operating efficiencies.
• Guide marketing activities based on budget, market and historical results.
• Oversee weekly calls with third party leasing and property management teams and update operational status reports.
• Lead the preparation of annual operating and capital budgets as well as monthly forecasts between property management and other departments.
• Travel to assets to lead property inspections to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation and any issues that may require additional action.
• Maintain quarterly/year-end fund level reporting for IRR/equity multiples, debt summary, and performance (as necessary).
• Provide benchmarks of asset performance versus competitive properties to executive leadership.
• Manage the analytics function of MIP, including the delivery of recurring weekly, monthly and annual reporting.
• Review reporting initiatives for efficiencies and value to the organization.
• Review and execute contracts, processes, reports, budgets, marketing material, and other related operational information.
• Participate in the creation of Board of Director slides each quarter and monthly operating reporting.
• Participate in the monthly operations summary report creation and presentation.
• Participate with due diligence on acquisitions such as market and rent studies and new investment submittal preparation.
• Attend industry conferences for market updates and vendor connections.
• Provide a high level of transparency to executive management and exhibit collaboration with all executives and staff within MBK Real Estate.
• Manage and develop a top performing team of professionals.
• Other duties as assigned.

Benefits

• Competitive salaries with opportunities for growth.
• 401(k) retirement plan with up to 4% employer matching.
• Comprehensive industry leading medical, dental and vision insurance.
• Company-provided life, disability and AD&D insurance.
• Flexible spending accounts.
• Generous paid time off including vacation and sick time, holidays, and bereavement leave.
• Leadership development, training, and personal coaching.
• Education loan assistance and scholarships.
• Daily living, financial and legal services.
• Childcare and eldercare assistance.
• Employee discounts.
• Health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 11-50 employees