Commercial Real Estate Asset Manager

Asset Manager

Viking Partners is looking for a skilled Commercial Real Estate Asset Manager to join our team.

About us: Viking Partners is a commercial real estate investment and asset management firm that owns and operates a portfolio of real estate assets including Office, Flex/Industrial, Multi-Family, and Retail. Our properties are located throughout the Midwest, Southeast, and Mountain West regions of the United States. We specialize in acquiring well-located commercial properties with strong value-add potential. Through our leasing expertise and property management platform, we can increase asset value to create attractive returns for our investors. 

Why Viking Partners: Join a company committed to the continuous improvement of our culture and ensuring the advancement of our team. For over 15 years, Viking has cultivated an environment of growth and advancement. Viking is dedicated to the professional and personal development of its employees. We recognize investing in employee growth, and well-being is not only beneficial for you but also for Viking as a whole.

The Asset Manager directs and coordinates the asset management, ongoing operations, and administration of multiple value-add commercial properties. May perform duties personally, through third party managers, third-party leasing agents, or through company personnel.

Job Duties Include:

1. Manage a team of property managers and leasing agents (third party) to implement operating and capital strategies for a portfolio of assets.
2. In coordination with internal team members, act as landlord representative for new tenant lease negotiations and renewal of existing tenant leases.
3. Support and coordinate the sale process for portfolio dispositions.
4. Update and analyze property proformas as a function of executing the business plan and determining an accurate NOI for each assigned asset.

5.     Proven ability to work as a leader and decision-maker on a team. Ability to work in an organized, efficient manner with a high level of accuracy, attention to detail, and follow-through.

6.     Ability to creatively overcome obstacles is critical to the success of this position.

1. Continually evaluate operating costs by monitoring each property’s performance and results against the approved budgets, recommending and/or approving necessary adjustments to achieve the scheduled cash flow or asset value objectives.
2. Develop, review, and approve short-term and long-term operational programs that will achieve or exceed cash flow objectives and maximize the asset value of each property.
3. Forecast capital improvement requirements to maintain each property’s efficiency and market competitiveness.
4. Direct budget development for each property, reviewing and approving budgets in cooperation with the respective Property Manager and property accountants.
5. Monitor the procedures with respect to revenue management and ensure that policies, billings, and collections are being enforced to maximize cash flow.
6. Monitor the response to tenant requests for services and general customer service satisfaction. 
7. Annually oversee the completion and accuracy of CAM reconciliations by the accounting team.

Qualifications and Skills:

• 10 years of proven commercial real estate asset management or relevant experience.
• Multi-family property experience is preferred. 
• An understanding of accounting principles and the ability to analyze, interpret, and negotiate lease agreements are necessary.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public and regulatory agencies.
• Math/Financial Skills: Ability to calculate figures and amounts such as loan amortization, commissions, expense prorations, percentages, and area. Real estate financial analysis skills are essential.
• Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Outstanding planning and organizational skills are a must. Effectively manage multiple tasks and manage time.
• Successfully interact with all levels of individuals and groups, both orally and in writing. Must be service-oriented, 
• Ability to skillfully utilize the Microsoft Office Suite of tools is required.
• Education and or/experience: Bachelor's degree from a four-year college or university with at least ten years of industry experience, or equivalent combination of education and experience. 

What We Offer:

·       Competitive pay

·       Paid holidays

·       Comprehensive Healthcare benefits

·       Career training

·       Advancement opportunities

·       Paid Time Off

Join the Viking team! We are committed to creating an environment of teamwork and providing the opportunity for our employees to excel and progress. We recognize your success is the bedrock of Viking Partners’ success.