Receivership / REO Asset Manager

4 weeks ago


Cincinnati, United States Prodigy Properties Full time

RECEIVERSHIP / REO ASSET MANAGER

Prodigy Properties is currently seeking an asset manager responsible for overseeing a portfolio of distressed real estate. This position will be accountable for the oversight of the takeover, management, and disposition process of a variety of real estate asset classes including commercial, retail, multifamily and residential.

Responsibilities

  • Oversee, maintain, and inspect all designated buildings and properties
  • Responsible for managing an effective takeover process of real estate properties which could include property preservation, winterization, and property assessments
  • Provide oversight of the property management function to ensure proper cost controls, capital improvement plans, lease administration, and reporting.
  • Create operating budgets and capital improvement budgets
  • Establish and maintain relationships with key tenants
  • Monitor key lease dates and review financial reports on a regularly basis
  • Evaluate collateral, review appraisals, and determine opinion of values for a range of real estate asset types
  • Develop strategies and effectively present recommendations in a clear, effective manner
  • Execute value-add tactics such as lease-up, renovation strategies, and reposition strategies
  • Prepare annual budgets and report on financial performance regularly
  • Prepare financial models for commercial income producing properties
  • Oversee the disposition of real estate which includes developing sale strategies, creation of marketing materials, and overseeing or direct negotiation
  • Effectively interact with clients and attorneys
  • Develop operating processes for staff
  • Manage on-site staff, property manager, vendor, and contractor relationships
  • Communicate business improvement opportunities and make recommendations to management

Qualifications

  • Highly proficient in Microsoft Office
  • Must be able to understand, analyze, and process data efficiently
  • Strong interpersonal skills
  • Proven ability to comply with operational policies and procedures, codes, and regulations
  • Exceptional organizational, problem-solving, and interpersonal skills
  • Strong relationship management, negotiation, conflict resolution and problem-solving skills
  • Understanding of real estate capital markets
  • Prior experience in the receivership / REO industry, real estate development, or legal field
  • Experience with Rent Manager, Yardi, and/or Entrata preferred
  • Real estate license(s), preferred

Requirements

  • 5+ years of directly related experience in real estate management, leasing, or sales
  • Bachelor’s degree in Real Estate, Finance, Business Management or a related field (or equivalent experience) preferred
  • Required to drive personal vehicle on company business
  • Required to physically tour and evaluate vacant and/or occupied properties
  • Occasional same day travel may be required


We offer competitive wages, paid holidays, paid time off, and benefits package.




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