Asset Manager (Real Estate)

Asset Manager

Location: Remote within Texas

between San Antonio, Austin, Dallas and Houston

Travel: 1-2 times/month within the state

Reports To: CEO

Our client is a commercial real estate company that owns retail and hotel real estate assets with the objective of maximizing investment returns. They prioritize property improvements and efficient management to increase the assets’ value.

Job Overview

The Asset Manager will be responsible for maximizing the performance and value of a diverse portfolio of retail and limited-service hotel properties. As the company grows, they may add other asset classes. This role involves managing all aspects of asset performance, including financial analysis, capital

improvements, leasing strategy, and overseeing property and hotel management activities, which are outsourced. The Asset Manager will interact with and provide support to other company’s areas such as acquisitions, dispositions, finance and administration, and investor relations.

Key Responsibilities

Portfolio Oversight and Performance Optimization:

• Oversee a portfolio of retail and hospitality assets with a focus on maximizing Net Operating Income (NOI) and long-term asset value.
• Develop and implement comprehensive asset-level business plans, capital improvement projects, and expense management initiatives.
• Regularly review property performance against budgets and key performance indicators (KPIs), recommending strategies for improvement.
  
  

Financial Reporting And Analysis

• Prepare and present asset management reports, including financial performance, variance analysis, leasing updates, and market trends to senior management.
• Conduct in-depth financial analysis to support decision-making, including cash flow modeling, valuation analysis, and return on investment (ROI) projections.
• Develop annual operating budgets and long-term financial forecasts for each asset in the portfolio, ensuring financial targets are met.
  
  

Property Management, Compliance and Capital Improvements:

• Collaborate with the leasing team to develop and execute leasing strategies aimed at optimizing tenant mix and increasing rental income.
• Negotiate lease renewals, extensions, and new leases to maximize occupancy rates and rental yields.
• Build and maintain strong relationships with property managers, addressing concerns and ensuring high tenant retention and satisfaction levels.
• Work closely with property management teams to ensure efficient operations, including maintenance, repairs, and day-to-day management.
• Manage capital expenditure projects, ensuring they are completed on time and within budget while delivering value enhancements to the assets.
• Ensure compliance with local regulations, safety standards, and best practices in property management. Including Elevator permits, health and pool permits, and other governmental matters that arise at the properties.
• Annual management of property tax appeals to ensure all properties are assessed at values lower than their market worth.
• Franchise compliance with brand requirements, PIP’s and brand initiatives.
  
  

Risk Management

• Monitor market conditions, competitive landscapes, and operational risks to proactively identify and address challenges affecting the portfolio.
• Manage all insurance policies, making sure they are competitive and address all audit matters, as well as following up on claims that arise at the properties.
  
  

Investor Relations And Reporting

• Assist with the preparation of investor reports and presentations, highlighting portfolio performance, value creation, and potential future opportunities.
  
  

Team Leadership And Collaboration

• Manage junior asset management staff, providing guidance on financial analysis, asset strategy, and reporting.
• Collaborate with acquisitions and finance teams to support underwriting efforts and the integration of newly acquired assets into the portfolio.
  
  

Qualifications

• Bachelor’s degree in Finance, Real Estate, Business Administration, Accounting or a related field
• Bilingual (English/Spanish). The company maintains an office in Guadalajara, Mexico to outsource administrative tasks, so Spanish fluency is required.
• 2 years of experience in asset management.
• Understanding of financial modeling, cash flow analysis, and real estate investment metrics (e.g., ROI, NOI).
• Experience in leasing strategy, tenant relations, and property management is preferred.
• Ability to oversee capital expenditure projects and manage budgets effectively.
• Strong communication and presentation skills, with the ability to interact with senior management.
  
  

Key Competencies

• Analytical mindset with strong financial acumen.
• Leadership and team management experience.
• Excellent organizational skills and attention to detail.
• Ability to balance short-term asset performance with long-term value creation.
• Strong negotiation and relationship-building skills.
• Ability to travel within Texas and potentially nationwide.
  
  

Benefits

Competitive Salary

Flexible Schedule. Remote or Hybrid.

A dynamic work environment with opportunities for growth.

Paid Time Off (PTO): Vacation days, sick leave, and personal days.

Bonuses and Incentives: Performance-based bonuses.