Asset Manager

An established real estate company is seeking an Asset Manager to oversee a $300m portfolio of mixed-use properties

This is an on-site opportunity in Sunny Isles, FL with an annual salary of up to $140k + discretionary bonus.

Required Skills:

• Bachelor's degree, preferably in real estate, business, finance, or accounting
• 5+ years of experience in a similar role
• Strong Excel skills
• Understanding of real estate principles and concepts
• Excellent written and verbal communication skills
• Ability to handle multiple properties and various asset types (retail, office, warehouse, multi-family)

Preferred Skills:

• Bi-lingual in English and Spanish
• Florida real estate license
• Certified Property Manager (CPM) designation
• Experience with Yardi

Benefits:

• PTO: 10 days/year (increases with tenure)
• M/D/V
• 401(k)

Responsibilities:

Financial Management

• Support, recommend and drive financial decisions. Maximize financial performance
• Forecast financial performance
• Prepare and review budgets (Operating and Capital budgets)
• Conduct regular financial analysis to make informed decisions
• Prepare presentations and monthly reports to ownership and partners/ investors, as needed
• Coordinate and facilitate lender compliance regarding debt covenants, providing financial information, monitoring the release of escrow accounts and maintaining compliant physical conditions.
• Display understanding of cash balances and availability of funds for projects and cash flow management of operations and capital improvements.

Lease Administration:

• Manage and oversee leasing agents and direct leasing strategy for properties.
• Handle lease negotiations, renewals and terminations while maintaining strong tenant relationships and ensuring lease compliance.
• Manage lease renewal strategy to meet or exceed proforma goals, considering local market conditions.
• Monitor critical dates within assigned portfolio (lease expirations, renewals, loan maturity, etc.)

Operational Management

• Manage and oversee the activities of property managers
• Review and approve vendor contracts, as needed
• Monitor key property metrics/matters (occupancy, rent collection, maintenance, legal matters, tenancy, etc.) and report to owner
• Maintain strong tenant relationships
• Visit and inspect properties (located within the State of Florida) on a regular basis
• Identify opportunities for operational efficiencies to increase revenue or reduce expenses.
• Develop action plans for under-performing assets, to improve performance.

Risk Management

• Identify and manage risks associated with the portfolio, including security, insurance, environmental and regulatory compliance
• Support insurance claims and litigation, coordinate lender inspections

Acquisitions/Dispositions

• Support property acquisitions and dispositions.
• Conduct market analysis and due diligence, as needed.
• Manage the takeover of new assets and assure the smooth and successful transition into the portfolio
• Position properties for disposition or financing, as applicable

Other

• Establish key relationships (city, economic development, police, other property owners, brokerage community, etc.)
• M-F schedule but ability to work flexible hours as needed or during emergencies.