Sr Vice President, Asset Management

RED Development•Phoenix, AZ

About The Position

The Senior Vice President of Asset Management provides strategic leadership and oversight across the RED portfolio, ensuring strong performance, compliance, and long-term value creation. This role leads the development and execution of annual business plans and budgets, and directs long-term capital planning and financial analysis. The SVP manages asset valuations, partner and lender reporting, and ensures adherence to loan agreements, insurance requirements, and property tax strategies. Additional responsibilities include oversight of financial controls, fee collections, risk management, and coordination of financing along with acquisition and disposition activities. The SVP partners closely with Property Operations, Leasing, Accounting, Legal, and Executive Leadership to drive asset performance and support organizational goals.

Requirements

Bachelor’s degree from four-year college or university
minimum 8 years experience with office and/or mixed use commercial real estate

Responsibilities

Directly manages the following assets: CityScape (Phoenix), The Grove (Phoenix), The Union (Dallas), and the to be developed mixed use tower at Biltmore Fashion Park. Provides leadership support to Directors of Asset Management for remaining assets.
Lead the development, review, and approval of annual business plans and operating budgets. Partner with the VP of Property Operations, General Managers, Property Accounting, and Leasing to ensure timely delivery and effective execution. Maintain ongoing visibility into asset performance through monthly and quarterly reviews, and lead quarterly performance meetings to evaluate results and refine financial projections.
Provide executive direction for long-term capital planning, overseeing the preparation of 10-year capital replacement plans in collaboration with Property Operations leadership.
Lead and mentor financial analysts and Asset Managers, ensuring sophisticated financial modeling, valuation work, and underwriting that meet executive standards. Maintain advanced proficiency in Argus and Excel to evaluate and validate complex financial analyses[AF1] .
Oversee quarterly asset valuations using internal financial performance data and third-party appraisals, ensuring accuracy, consistency, and alignment with market realities.
Direct all reporting and communication with financial partners and lenders, ensuring full compliance with loan covenants and partnership agreements while maintaining strong institutional credibility.
Provide executive oversight of insurance compliance, ensuring properties maintain appropriate and comprehensive coverage in partnership with the organization’s insurance representative.
Oversee property tax strategy, including annual projections and appeal processes, in collaboration with RED’s tax consultant.
Oversee tenant related litigation for collections and legal matters at the property level, ensuring they align with broader financial and operational strategies[AF2] .
Review all project related documentation to ensure adherence to loan documents, CC&Rs, and other governing agreements. Provide oversight of the lease abstracting process to ensure accuracy and completeness.
Lead Asset Management’s support for financings, dispositions, and acquisitions by delivering timely, accurate, and well-organized materials essential to underwriting, due diligence, and closing[AF3] .
Contribute to and help drive the achievement of annual Asset Management departmental goals, working collaboratively across the executive team to advance RED’s strategic priorities.
May supervise non-exempt, exempt or professional employees. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities may include recruiting, interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding, counseling and disciplining employees; addressing complaints and resolving problems.