Real Estate, Finance & Accounting

Director of Asset Management – Commercial Real Estate

$150,000-$200,000
New York
Full Time

Our client, a leading Real Estate Investment firm is seeking a Director of Asset Management to oversee the operational performance of the company’s properties while executing value-add strategies and overseeing the daily operational performance of the portfolio. This is an excellent company to work for, with an impressive portfolio and great leadership.

Responsibilities:

  • Engage third-party brokers, negotiate agreements and monitor performance of brokers in commercial leasing.
  • Review and analyze active LOIs and conduct lease negotiations with tenants.
  • Conduct market studies and execute leasing strategy
  • Monitor and maintain the appearance of vacant spaces
  • Monitor tenant compliance with leases
  • Prepare lease, loan, master lease and/or condominium abstracts.
  • Financial modeling of existing investments; create, maintain and update existing investment models.
  • Perform buy/sell and refinance analyses for existing investments.
  • Review and analyze property budgets.
  • Review tenant billings of base rent and additional rent.
  • Perform variance analysis of financial reports.
  • Monitor accounts receivable, coordinate collections and respond to any delinquencies in accordance with established policies.
  • Draft investor letters and manage reporting for lenders and investors.
  • Administer loan covenants and manage drawdown of loan reserves.
  • Interface with lenders for approvals, new loans and refinances.
  • Interface with property managers and third parties
  • Manage tenant relationships and respond to tenant inquiries and correspondence.
  • Prepare documents to affect tax certiorari for each property
  • Regularly visit properties and conduct on-site inspections.
  • Work with property managers to bid and oversee operational contracts repair, maintenance, and capital improvements.
  • Assist with disposition and acquisition due diligence as required.

REQUIRMENTS: 

  • 5-10 years commercial real estate experience
  • Proficient in Microsoft Excel; Argus
  • Ability to multi-task and work in a high energy, team-oriented environment
  • Strong verbal and written communication skills
  • Strong interpersonal/tenant relations skills
  • Ability to review and analyze financial reports
  • Must be organized, detail-oriented and analytical