Director, Real Estate Asset Management - Aegon AM

Job Description Summary

Aegon Asset Management (Aegon AM) is a leading global investor. Our 370 investment professionals manage and advise on assets of US $361 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.

We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.

We are an international business: Our 1,150 employees work from 14 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.

Position Overview

Manage real estate properties to optimize asset values and returns according to client objectives. In the performance of these responsibilities, the Director is expected to understand every aspect of a property's investment strategy and pursue all available means to maximize cash flow and returns.

Responsibilities

Job Description

• Implement and manage the contemplated investment strategy for each property.
• Identify value creation opportunities and recommend action plans to senior management to achieve desired results.
• Proactively identify and recommend potential variations from the business plan, including preparing written recommendations to present to senior management, Investment Committee, and investors.
• Implement and supervise capital improvement plans, rehab specifications, and repositioning of properties to maximize the return on invested capital.
• Evaluate and recommend the selective disposition of assets to maximize the return on invested capital.
• Direct, monitor, and report on execution of the leasing strategy and implement necessary adjustments resulting from updated market and property-level data.
• Coordinate and present annual operating budgets, including the cash management strategy.
• Monitor and manage adherence to property budget.
• Report on cash management and projected cash usage and distribution potential by reference to an annual actuals-to-budget template.
• Review the marketing strategy prepared by the marketing team for each property, confirm consistency with the investment strategy and timely execution.
• Actively tour all properties at least once per quarter, and more often as required.
• Provide a proactive plan for addressing any property added to the watch list.
• Produce and/or review periodic internal and external valuations and market forecasts to identify and target both general property management strategies and specific disposition opportunities, and submit recommendations to senior management.
• Prepare and present analysis necessary for senior management to make informed business decisions.
• Prepare and support preparation of required reporting materials for internal and external stakeholders, including preparing responses to investor inquiries for review and approval by senior management.
• Assist the Acquisition Team with property refinancing and recapitalization initiatives.
• Establish and maintain good working relationships with internal and external stakeholders and partners including operating partners, property managers, external service providers, portfolio management, acquisitions, accounting, reporting, and Environmental and Engineering.
• Perform special projects, as assigned.
• May include the supervision of asset managers and real estate analysts.
  
  

Required Qualifications

• Bachelor’s degree in commercial real estate, finance, or equivalent experience in asset and/or property management.
• Eight years of real estate investment management experience.
• Commercial experience and exposure to conventional multifamily.
• Strong financial and cash flow analysis skills.
• Understanding of commercial real estate fundamentals, investment, and market analysis.
• Outstanding written and verbal communication skills.
• Ability to work effectively in a team environment at all levels within the organization.
• Proactive thinker with detail oriented and creative problem-solving approach.
• Excellent organizational skills with attention to detail and accuracy.
• Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
  
  

The salary for this position position generally ranges between $135,000 - $160,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees
  
  

Benefits Package

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
  
  

Health And Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays)
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child
• Adoption Assistance
• Employee Assistance Program
• College Coach Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs
  
  

Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.

At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

We are open to considering flexible working practices. Please talk to us about what this means for you.

Why Work for Us

At Aegon Asset Management, we invest in You.

Our people are our greatest asset; with a competitive rewards program including incentive compensation, health and wellness benefits, retirement programs, and learning and development opportunities, our employees are engaged and empowered. Come be a part of driving our success!

Equal Opportunity Employer

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: applicantsupport@aegonusa.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance

If you experience technical problems during the application process, please email applicantsupport@aegonusa.com.