What are the responsibilities and job description for the Director of Asset Management, Self-Storage Division position at Johnson Development Associates, Inc.?
Position Summary
Reporting to the President of the Self-Storage Division on a day-to-day basis, located in JDA’s headquarters office in Spartanburg, SC, the Director of Asset Management will be responsible for strategic leadership of the company’s national portfolio of institutional self-storage assets, with a specific focus on maximizing operational efficiency and profitability. This role works closely with senior management, real estate, and finance team members within JDA, as well as with third party operators.
Position Responsibilities - Essential Functions
- In collaboration with the President, develop and implement the revenue management strategy and operational plan for a 65-asset portfolio.
- Provide managerial leadership to direct reports responsible for management and operations of sub-portfolios targeted at ~20 assets per team member.
- Monitor economic shifts and develop annual strategic plans and budgets for each asset, including disciplined and regular hold-sell assessments by property and recommendations for capital expenditures.
- Provide financial and operational oversight of JDA’s national Self-Storage portfolio including regular property inspections.
- Maintain and implement tools and techniques to proactively and strategically manage each asset.
- Lead and manage third-party management teams with a forward-thinking approach to optimize leasing performance, operational efficiency, and overall asset value while fostering strong, collaborative partnerships.
- Provide support to the Storage Real Estate team as they evaluate new investment properties by providing underwriting inputs to the financial model and updates as necessary.
- Prepare annual and monthly financial performance reporting to include a compilation for the JDA Monthly Board meeting.
- Collaborate with JDA’s Accounting team on cash management and forecasting.
- Manage asset operational matters including real estate tax budgeting, abatements, appeals, reprojections, legal disputes, insurance and dispositions – including 1031 exchanges.
- Collaborate with JDA’s Finance team to support lending relationships and capital raising activities.
- Create and foster an environment of accountability internally and externally.
- Conduct oneself with the highest level of integrity while adhering to the Company’s Guiding Principles of Integrity, Partnership, Humility, Principled Entrepreneurship, Initiative, and Fulfillment.
Required Education and Experience
- Bachelor’s degree required. Strong preference for a graduate degree.
- 10 years of relevant real estate experience.
- Thought leader who has a complex understanding of the storage industry and the capital markets.
- Strong quantitative, analytical, communication, and interpersonal skills.
- Represent Johnson Development Associates, Inc. in a positive and professional manner.
- Willingness and ability to travel, as necessary.
Equal Opportunity Employer
The Company is committed to diversity and equal opportunity employment. The Company does not discriminate on the basis of race, creed, color, ethnicity, national origin, religion, sex, pregnancy (including medical needs due to pregnancy, child birth or related medical conditions), sexual orientation, gender identity and expression, age, disability, genetic information, veteran status, military obligations, citizenship status (except as otherwise provided for by applicable law) or marital status and any other category protected by applicable law. This policy applies to all areas of employment, including employment status and opportunities such as hiring, internal promotions, training, opportunities for advancement, and termination and applies to all Company employees and applicants. If you are an individual with a disability and you need an accommodation or other assistance during the application process, please call our Human Resources department at 864.594.5862.
Disclaimer
The Company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities nor is it a contract of employment. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
