Portfolio Asset Supervisor

1 week ago


New York, New York, United States Upward On Full time

Position Overview

We are seeking an experienced Portfolio Asset Supervisor to manage a select group of commercial office properties. This role will involve overseeing five distinct properties, necessitating occasional travel. The working hours are structured from 9 AM to 6 PM, Monday through Thursday, and 9 AM to 4 PM on Fridays. The position is primarily based in our Great Neck office, with regular field visits to the properties.

Company Overview

Upward On is a reputable family-owned real estate investment and development firm, specializing in both commercial and residential properties. Our headquarters are located in New York, and we pride ourselves on our extensive experience in the industry.

Key Responsibilities:

  • Effectively manage a portfolio of commercial office assets to enhance overall value and investment returns.
  • Formulate and execute comprehensive asset management plans aimed at improving net operating income (NOI) through operational efficiencies and revenue enhancement.
  • Oversee the annual budgeting process for income and expenses, ensuring precise forecasting and diligent tracking of capital and one-time expenditures.
  • Develop and implement annual leasing strategies, maintaining thorough documentation of leasing activities and market dynamics to guide decision-making.
  • Identify underperforming assets and collaborate with property management teams to devise and implement turnaround strategies that align with corporate objectives.
  • Monitor and ensure the achievement of key performance indicators (KPIs), focusing on rent collection rates, occupancy levels, and adherence to operating budgets, with an emphasis on optimizing NOI.
  • Review and approve lease agreements, renewals, terminations, and modifications, ensuring they positively impact the financial performance of the portfolio.
  • Assess operational efficiency and tenant satisfaction, identifying areas for improvement.
  • Act as a key liaison among property management, accounting, and senior management teams to ensure strategic alignment and accurate reporting.

Qualifications:

  • Bachelor's Degree in Real Estate, Finance, Accounting, or a related discipline.
  • A minimum of 5 years of experience in real estate asset management, demonstrating a successful track record of enhancing asset value and NOI.
  • Proven ability to excel in a dynamic environment, managing multiple priorities with initiative and independence.
  • Strong leadership and strategic thinking capabilities, with the ability to inspire and collaborate effectively with teams.
  • Exceptional communication skills, both verbal and written, with the ability to negotiate and build strong professional relationships.
  • Advanced analytical and problem-solving skills, with meticulous attention to detail.
  • Proficiency in financial modeling and analysis, along with a comprehensive understanding of real estate markets and trends.

Compensation:

Base salary ranges from $90,000 to $100,000, with potential for bonuses.

Comprehensive benefits package included.



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