What are the responsibilities and job description for the Director, Real Estate Asset Manager position at Cantor Fitzgerald?
Location: New York, NY, In Office full time
Firm Overview:
Cantor Fitzgerald L.P., with over 12,000 employees, has been a leading global financial services firm at the forefront of financial and technological innovation since 1945. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting, PIPE placements, commercial real estate, and for its global distribution platform. Capitalizing on the firm’s financial acumen and technology prowess, Cantor’s portfolio of businesses also includes Prime Brokerage, Asset Management, and other businesses and ventures. For 79 years, Cantor has consistently fueled the growth of original ideas, pioneered new markets, and provided superior service to clients. Cantor operates trading desks in every major financial center globally, with offices in over 30 locations around the world. As one of the few remaining private partnerships on Wall Street, Cantor has the distinct ability to focus on long-term value creation and solid relationship building. Our structure allows us to respond quickly to client needs, develop solutions that address complex challenges, avoid the limitations of bureaucracy, and attract talented individuals who are driven to succeed.
Position Overview:
We are seeking a highly skilled and experienced Director of Commercial Real Estate Asset Management. This key role will focus on managing and optimizing a multi-billion-dollar national portfolio of commercial real estate assets with a concentration of multi-family housing and net-leased assets, ensuring the achievement of financial objectives while enhancing property value. The ideal candidate will be i) detail-oriented with a strong focus on results, ii) able to think strategically and creatively to solve problems, iii) be proactive and self-motivated, iv) possess strong negotiation skills and the ability to manage complex relationships with investors, tenants, and contractors and v) thrive in a dynamic and entrepreneurial environment.
Responsibilities:
- Portfolio Management: Oversee and manage a national portfolio of primarily multi-family and net-leased properties, ensuring the achievement of financial and operational goals.
- Asset Optimization: Develop and implement strategies to improve property performance, including rent optimization, operational cost management, and capital improvement planning.
- Financial Performance: Monitor and analyze the financial performance of the portfolio, including budgeting, forecasting, and variance analysis. Drive the creation of business plans aimed at increasing returns on investment.
- Investor Reporting: Prepare and present detailed quarterly and annual reports for stakeholders, including investors and senior leadership, on asset performance, market trends, and investment opportunities.
- Capital Projects: Oversee capital improvement projects, ensuring timely completion and within budget, while enhancing asset value and tenant satisfaction.
- Lease Negotiations: Collaborate with leasing teams to negotiate lease renewals, new leases, and rent increases in line with market trends and company goals.
- Team Leadership: Lead a team of junior asset managers, property managers, and external consultants to ensure efficient property operations and financial performance.
- Compliance and Risk Management: Ensure that properties comply with all local, state, and federal regulations, minimizing risks and mitigating potential liabilities.
- Market Research: Stay abreast of market trends, competitor activity, and economic factors that impact multi-family real estate investments.
- Experience: 7-10 years of experience in commercial real estate asset management, with a focus on multi-family and net-leased properties
- Industry Knowledge: In-depth understanding of real estate markets, including trends, cap rates, and financial metrics such as NOI, IRR, and cash-on-cash return
- Financial Acumen: Strong proficiency in financial analysis including budgeting, financial modeling, and performance tracking. Knowledge of debt and equity capital structures, and advanced knowledge of Excel and other financial modeling software.
- Leadership Skills: Proven track record in managing teams, fostering collaboration, and driving results.
- Communication: Exceptional communication skills, both written and verbal, with the ability to present complex financial information clearly to stakeholders.
Educational Qualifications:
- Bachelor’s Degree required
Salary: $225,000 - $275,000
The expected base salary for this position ranges from $225,000 to $275,000. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
Salary : $225,000 - $275,000
