Qualified candidates please contact Christina Smith: christina@kelleraugusta.com

Category:Asset Management 

Asset Manager

Waltham, MA

JOB DESCRIPTION

Our client is a privately held commercial real estate owner, manager and developer of supermarket anchored retail properties, community shopping centers, mixed use properties, hospitality and office properties throughout New England. The firm has over 2.5 million square feet of real estate under management throughout New England.

The firm is looking to add an Asset Manager who will be expected to manage all aspects of administration, financial matters, capital requirements, and operations of the assigned properties/portfolio.

Primary Functions:

  • Maximize the total return for each assigned property pursuant to requirements of the Annual Business Plan
  • Prepare annual Property Business Plans including SWOT analysis together with Goals and Objectives
  • Oversee all leasing activities and leasing agents including all matters leading to final lease execution
  • Oversee property management through in house property managers or third-party property management
  • Oversight review and execution of all property related third-party contracts
  • Supervise all aspects of the preparation of property operating budgets including engagement with property managers in this process
  • Monthly, quarterly and annual reporting requirements
  • Weekly review with senior management of operations or significant issues at each assigned property
  • Assist with due diligence and underwriting for new acquisitions and all information needed for the disposition of any assigned property
  • Monthly operating review and analysis including variance reports and market analysis and updates
  • Assist with annual Real Estate Tax review and abatement process for each property
  • Collaborate with Director of Debt and Equity on all debt related matters

Collaboration and Engagement within Team:

  • Accountable to Managing Principals
  • Reports to Director of Asset Management
  • Engages with CFO and Controller
  • Directs Property Management on assigned properties
  • Engages with Director of Debt & Equity
  • Engages with Construction Department on Tenant improvements and capital projects
  • Engages with Development director on redevelopment projects
  • Engages with Financial Analyst as needed

Qualifications:

  • Possess 5+ years of commercial real estate experience in an asset manager, analyst or associated role with a strong preference for retail real estate experience
  • Strong financial background with analytical and financial proficiency.
  • Possess strong verbal and written skills
  • In-depth experience with property operations and understanding of building systems
  • Strong knowledge of Word, Yardi & Excel required, experience modeling in Argus desirable