Asset Manager, Commercial

At McWhinney, we do real estate differently. As an investment firm, we have the unique advantage of expertise in development, management and operations, allowing us to cultivate truly transformative mixed-use, residential, commercial and hospitality projects.

Our team blends entrepreneurial thinking with disciplined, fast-paced execution. Here, ideas flow freely, collaboration is essential, and adaptability is key. We embrace challenges, step in where needed and think beyond job titles to shape whats next.

Guided by our values respect, integrity, perseverance, and legacy we strive. We strive to create places people love, to add value through all phases of the real estate cycle, and to cultivate beautiful, sustainable, connected communities that each reflect a unique sense of place. To date, McWhinney has planned and developed over 6,000 acres of master-planned communities and 13 million square feet of mixed-use, industrial, residential, multifamily, hospitality, and office properties.

If youre driven by true and lasting community impact, speed, and innovation, this is where youll thrive.

Position Summary

The Asset Manager will support the asset and development management team with asset management and development related activities. This position will be responsible for strategic, daily management of the financial performance and operational performance of the commercial portfolio as well as providing assistance with underwriting, acquisitions, loan refinancing, dispositions, and additional development related tasks.

Key Responsibilities:

• Actively asset manage and be responsible for a portfolio of commercial assets.
• Drive improved operating performance to maximize asset performance.
• Review and evaluate annual operating and capital plans, and reviews monthly operating performance.
• Assist in evaluating existing assets by reviewing Excel based cash flow models, including multi-tiered partnership waterfalls. Calculate IRR, NPV, equity multiples and partnership waterfall distributions. Prepare estimates for annual distributions of surplus cash for review.
• Effectively interact with executive teams and external partners during weekly and monthly conference calls and meetings to review operating performance.
• Benchmark and analyze portfolio-level financial data to identify areas of opportunity.
• Monitor capital expenditures (routine capital expenditure and major renovations) at each asset.
• Assist in all aspects of writing, research and/or production of weekly, monthly, quarterly, and year-end reports and research papers by assigned deadlines.
• Update and maintain all required internal periodic reports and models. Aggregate necessary data from internal and external sources to develop budgets, cash flow forecasts, capital plans, and market forecasts in order to create and protect individual asset and portfolio value.
• Maintain current knowledge of commercial asset trends, sales, indicators, supply and demand dynamics, performance statistics and related topics through various industry standard tools.
• Assists with the evolution of the companys proformas, including creating new models and customizing existing models to handle a wide variety of situations, as needed.
• Maintain market research library and research data tools to ensure all information is accurate, relevant, and up to date.
• Analyze and provide recommendations on potential projects and investment opportunities, as directed.
• Perform valuation analysis on the companys commercial assets periodically, as directed by senior management.

Qualifications:

• A related four-year degree and a minimum of two years of asset management experience in the commercial real estate industry
• This position is ideal for an individual with prior experience in commercial property management or commercial analysis
• Strong working knowledge of property level financial statements
• A successful candidate must demonstrate excellent analytical ability, strong attention to detail, advanced Excel skills, and strong finance and accounting knowledge.
• Candidates must demonstrate flexibility in a complex and changing organization and the ability to adapt to changes in structure and work priorities.

Benefits

McWhinney offers a competitive benefits package for full-time Associates including medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k), and employee assistance plan. Additionally, we offer a generous paid time off plan that includes a week off between Christmas and New Years for corporate associates!

This job description is intended to provide a general overview of the position. It is not designed to be a comprehensive nor detailed description of all the responsibilities and accountability of the role. As an agile company, our positions can and do change based on the business need of the organization.

If you are a recruiter or placement agency, please do not submit resumes to any person or email address at McWhinney. McWhinney is not liable for and will not pay placement fees for candidates submitted by any agency other than its approved recruitment partners. McWhinney is not currently seeking any new recruitment partnerships. Furthermore, any resumes sent to us without an agreement in place will be considered your companys gift to McWhinney and may be forwarded to our recruiters for their attention.

McWhinney is committed to the principle of equal employment opportunity for all associates. All employment decisions at McWhinney are based on business needs, job requirements and individual qualifications. All applicants will be considered for employment without attention to age, race, color, sex, sexual orientation, gender identity, national origin, veteran or disability status.