Vice President Asset Management

The Vice President of Asset Management will serve as a key player in the real estate sector, overseeing and strategically maximizing the value of the real estate portfolio. With their extensive knowledge and expertise in property management and investment strategies, you will navigate the intricacies of the real estate market to ensure optimal financial outcomes.

By closely monitoring market trends, conducting thorough analysis, and leveraging your industry insights, you will make informed decisions that drive the growth and success of real estate portfolios. Work closely with property owners, investors, and other stakeholders to develop comprehensive asset management plans tailored to specific goals and objectives.

Additionally, you may oversee property maintenance, tenant relations, lease agreements, and risk mitigation, ensuring that assets are well-maintained and continue to generate consistent returns.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Lead weekly performance reviews with property management to assess leasing, renewals, expense control, and capital project progress.
• Conduct monthly financial reviews, including P&L statements, balance sheets, and accounts receivable/payable, providing actionable insights to improve financial accuracy and performance.
• Perform regular site visits, conducting in-depth reviews of property operations, maintenance, and tenant interactions to identify areas of improvement and maximize NOI.
• Collaborate with construction and operations teams to monitor and ensure timely completion of capital projects, including input of rent premiums.
• Develop and implement expense reduction and income generation initiatives across the portfolio, tailored to each property?s unique needs.
• Manage annual budgeting processes, working closely with operations to set realistic and performance-driven financial goals.
• Ensure compliance with financial agreements, legal and regulatory requirements, and oversee insurance claims, including communication with equity partners and insurers.
• Stay informed on market trends and new opportunities for amenity upgrades and unit renovations to enhance asset value and tenant appeal.

Property Operations:

• Oversee lease management, including negotiations, renewals, and terminations to optimize lease terms and tenant satisfaction.
• Engage with tenants to resolve concerns and improve tenant relations, enhancing overall retention rates.
• Manage vendor relationships to ensure cost-effective and high-quality service delivery.
• Maintain compliance with property laws, regulations, and industry standards, proactively addressing any operational issues.

Reporting and Analysis:

• Analyze weekly and monthly reports to track asset performance and guide operations on strategic improvements.
• Prepare investor reports, providing detailed updates on property performance, financial status, and strategic initiatives.
• Monitor market conditions and conduct regular competitor analysis to maintain a competitive edge.
• Collaborate with senior leadership to prepare quarterly presentations, highlighting key performance metrics, market insights, and operational strategies.

EDUCATION/EXPERIENCE:

• Bachelors degree in Real Estate, Finance, Business Administration, or a related field.
• Masters degree or industry certifications (e.g., CPM, CFA) preferred.

COMPETENCIES:

• Strong analytical skills with a deep understanding of financial metrics and asset performance drivers.
• Proficiency in property management software and financial modeling.
• Excellent negotiation skills with experience in lease management and vendor negotiations.
• Comprehensive knowledge of real estate laws, regulations, and compliance requirements.