Director of Asset Management

3 weeks ago


Houston, Texas, United States Michael Page Full time
Job Title: Director of Asset Management

Michael Page is seeking a seasoned Director of Asset Management to lead the implementation and execution of strategies, programs, policies, and initiatives for development projects from construction to lease up and beyond. The ideal candidate will ensure achievement of the financial and operating goals, and overall profitability of the portfolio.

Key Responsibilities:
  • Formulate the annual business plan for assigned assets, primarily industrial, retail, and multifamily properties.
  • Monitor and report on portfolio performance against budget and investment proforma, analyzing monthly operating and income statements, and taking appropriate actions to address variances.
  • Communicate with and interact with Principals of the firm and on-site team members to monitor daily operations, conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports.
  • Manage and oversee portfolio compliance with established debt and equity providers, developing and providing reports to investment principals and equity partners, monitoring investment performance, returns, and forecasts through financial modeling.
  • Gather and analyze market, economic, and capital trends impacting portfolio performance, preparing and delivering presentations and updates to investment principal/investment committee, and participating in formulating long-term disposition and exit strategy for assets.
  • Work with third-party contractors to plan for rehab and other capital improvements, reviewing and monitoring progress on existing projects to ensure on-time and on-budget completion.
  • Lead and execute implementation of revenue-enhancing and expense containment programs and initiatives.

Requirements:
  • B.S. Degree in Accounting/Finance and 7+ years' equivalent experience within Asset Management or similar.
  • Specific asset management experience at an owner/operator with institutional investors.
  • Broad experience across multiple asset types.
  • Experience with capital improvement project management.
  • Ability to support future fund launches (Co-GP and/or LP).

About Michael Page:

Michael Page is a leading recruitment agency with a strong presence in the real estate industry. We are committed to providing exceptional service and expertise to our clients and candidates.

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