Vice President, Asset Management

The Howard Hughes name is synonymous with an unrelenting passion for excellence. While his achievements in aviation and the silver screen are legendary, it was his investments in real estate that formed the foundation of our company. With passion, determination, and limitless imagination, he built one of the great American empires of the 20th century.
We aspire to be the most creatively driven real estate company in the world, and we believe in fostering a culture that is built to last by cultivating curiosity and empowering every employee to find their story in this great organization.
About The Role
Located in The Woodlands, TX the VP, Asset Management, you will be responsible for the strategic management and optimization of our commercial real estate portfolio. You will work closely with regional property management teams, leasing teams, and senior leadership to maximize the financial performance of our assets while ensuring they meet our investment objectives and quality standards. You will develop strategies for the company's commercial real estate portfolio, monitor and analyze property performance including income, expenses, capital expenditures and occupancy rates with the overall goal of increasing property values and returns. It is critical that this individual has the ability to work across departments and regions to create relationships that help deliver exceptional results. Duties includedeveloping a complete understanding of our assets and the real estate markets in which they are located, proactively monitoring investment performance in relation to business plan targets and budgets, always striving to maximize asset values, providing direction for and review of business plans, budgets, forecasts, lease analyses and maintaining property and regional portfolio cash flow forecasts. This person will have the highest level of personal integrity, intelligence, and broad thinking characteristics to succeed.
What You Will Do
Working closely with the property management teams, overseeing a diverse portfolio of office and retail properties, ensuring optimal performance, occupancy rates, and financial returns.

Develop and implement comprehensive strategies tailored to each property, in line with market trends and company objectives.

Monitor property performance metrics, financial statements, and operational reports to identify opportunities for improvement and be able to provide detailed variance explanations.

Provide transparent and accurate updates on portfolio performance, market trends, and strategic initiatives.

Guide the development and implementation of asset business plans, budgets, and asset reviews.

Partner with regional portfolio managers and property management teams to lead the annual budget and quarterly reforecasting processes that involves planning, supporting budgeting and forecasting tools, determining financial goals and related guidance, communicating process and guidance to the team, and presenting results to regional teams and senior leadership.

Stay current with local and national real estate market trends, economic indicators, and competitive landscape affecting the office and retail sectors by actively participating in industry associations.

Effective verbal and written communication and expectation-setting for managers in keeping employees, tenants, regional and corporate management informed.

Support monthly reporting processes which include calculation & analysis of operating metrics, variance reporting, cash forecasting, capital management, and lease pipeline review.

Set clear performance goals, provide regular feedback, and facilitate professional development opportunities for team members.

Collaborate with cross-functional teams, including leasing, risk management, accounting, and capital markets among others to ensure cohesive and effective portfolio management strategies.

Maintain working knowledge of other corporate departments. Ability to provide interface and cohesiveness with the numerous departments that impact property management and operations.

Implement best practices as well as assist with developing new policies/procedures to streamline workflow across departments and between properties and tenants.

Support due diligence, financings and refinancing across assigned portfolio.

About You
Bachelor's or master's degree.

10-15 years working in real estate asset management (office and retail); Must have knowledge and experience with financial accounting in commercial real estate, reporting and budgeting.

Strong financial modeling capabilities and credit analysis capabilities.

Ability to multi-task and is self-directed.

Strong analytical and organizational skills with high attention to detail.

Must be deadline focused and exhibit problem-solving skills.

Excellent interpersonal skills and team player.

Handle a dynamic work environment with competing, fluid priorities.

Build positive working relationships with employees at all levels within the organization.

Exercise sound judgment when making decisions.

Able to meet deadlines as necessary.

"Can-do" attitude, pro-active and resourceful.

This job description is not meant to be an "all-inclusive" list of the duties and responsibilities of this job. Other related duties and responsibilities may be assigned. The Howard Hughes Corporation reserves the right to change or modify job duties as necessary based on business necessity.
NOTICE TO THIRD PARTY AGENCIES
Please note that Howard Hughes Holdings, Inc. does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed Recruitment Fee Agreement, HHH will not consider or agree to payment of any referral compensation or recruiter fee. In the event a recruiter or agency submits a resume or candidate without a previously signed agreement, HHH explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Howard Hughes Holdings, Inc.

#J-18808-Ljbffr