Vice President, Asset Management

Foundry Commercial • Atlanta, GA

10d

About The Position

We are currently seeking an experienced Asset Manager to join our growing asset management team. This is an excellent opportunity for a motivated self-starter possessing strong financial skills, business acumen and leadership qualities to take ownership of a portfolio of commercial assets, working with the asset management team in analyzing, monitoring, and reporting on the portfolio’s performance to senior leaders in the organization. This role will be responsible for all aspects of the investment lifecycle including business plan development, leasing strategy implementation, property financials oversight, capital expenditure planning, and property disposition. Overseeing both wholly owned and joint venture investments, the role will have regular communication with portfolio managers, equity partners, leasing and sales brokers, property managers, and lenders to ensure the strategy for each property under their purview is being executed appropriately. Additionally, this person will work with the acquisition, development, and underwriting teams once a property has been identified and will provide support in gathering market information and due diligence items through the closing of a property. Location preference: Orlando, FL; Boca Raton, FL; Charlotte, NC; Nashville, TN; Dallas, TX.

Requirements

• Undergraduate degree in Finance or Real Estate preferred.
• Minimum of 7+ years of relevant asset management experience in commercial office or industrial real estate.
• Advanced knowledge of Excel required; Argus experience preferred.
• Understanding of accounting procedures and financial reports with ability to analyze variances.
• Excellent oral and written communication skills, good phone skills, organized, able to set priorities and meet deadlines, able to multitask, carefully proofs own work.
• Proven record of providing excellent customer service, both internal and external.
• Excellent interpersonal skills.
• Ability to develop and maintain positive customer relationships.
• Effective time manager – Proven ability to consistently manage multiple projects with accuracy and zero missed deadlines.
• High energy; fast-paced and driven to succeed.
• Keen ability to work efficiently autonomously or as a member of a team.
• Organized - Creates, implements, and utilizes efficient systems and methods to maintain a highly organized workspace and office.

Responsibilities

• Coordinate the review and analysis of leasing proposals, capital expenditure projects, and major asset-level decisions with the leasing brokers, property managers, portfolio managers, partners, and lenders.
• Monitor and drive the financial performance of investments, which entails maintaining financial models, overseeing and presenting annual budgets while working closely with the property management and accounting teams, and raising awareness of performance concerns.
• Manage the quarterly valuation and re-underwriting process for each asset in your portfolio, as applicable.
• Review, analyze and reconcile monthly property financial statements; write standard monthly reports and maintain plans and actions.
• Update monthly cash flow analysis for each asset, monitoring leasing commissions, Tenant Improvement costs, capital expenditures and other operating expense items.
• Produce ad hoc analyses to evaluate the performance of assets.
• Analyze and identify opportunities for value enhancement, improving cash flow and reducing expenses within the portfolio, including capital expenditure programs, refinancings, and dispositions.
• Collect market data and conduct benchmarking analysis to assess the competitive position of the asset among the market.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level