Vice President, Asset Management

1 week ago

New York, NY, United States Related Company Full time
Responsibilities

The Role:

This newly established position will play a key role in building a scalable, best-in-class asset management function overseeing a portfolio of New York City luxury residential properties. Reporting directly to senior leadership, you'll be accountable for optimizing asset performance through strategic financial oversight, performance analysis, capital planning, and long-term positioning. The ideal candidate will be a collaborative leader who embraces accountability and takes ownership of the New York luxury residential portfolio's success. You will also be responsible for growing the team by hiring and developing 1-2 additional asset management professionals.

We'll trust you to:
  • Lead end-to-end asset management for a portfolio of high-end residential
  • Shape and advance the strategic direction of the asset management
  • Serve as a catalyst for continuous improvement in asset management
  • Oversee the execution of key initiatives across the portfolio to ensure operational efficiency and impact.
  • Evaluate, monitor, and report on asset performance relative to budget, underwriting, and market metrics.
  • Design and implement strategies to grow NOI and enhance long-term
  • Drive annual budgeting, forecasting, and reporting processes; identify risks and uncover opportunities to improve returns.
  • Leverage data analytics to enhance asset performance and reporting while proactively addressing risks and challenges.
  • Support decisions related to refinancing and long-term capital investment
  • Act as a key liaison for internal leadership and external partners on asset-related matters; regularly present to senior executives.
  • Foster strong, cross-functional relationships with internal teams and departments (e.g., Development, Finance, Property Management, etc.).
  • Stay informed on regulatory changes, local housing policies, and market trends impacting the luxury multifamily sector in NYC.
Compensation:

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $200,000 - $250,000

Actual base salary within the anticipated range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and market factors.

Qualifications

You'll need to have:
  • 7-10+ years of experience in real estate, including at least 5 years focused on asset management of institutional-quality multifamily or mixed-use properties.
  • In-depth expertise in the New York City luxury residential
  • A strategic mindset with a hands-on, execution-focused approach to asset
  • A meticulous, data-driven approach paired with a long-term ownership
  • Demonstrated success in driving asset performance and creating
  • Strong financial and analytical capabilities; proficiency in Argus and
  • Outstanding leadership and communication skills with a strong executive
  • Ability to present differing views with professionalism, tact, and emotional
  • Agility to navigate and lead through complex, fast-changing
  • A consistent, transparent leadership style grounded in doing what's best for the
  • Proven ability to attract, develop, and retain top talent; effectively structure teams, set KPIs, and delegate responsibilities.
  • A creative, entrepreneurial mindset that embraces innovation and forward
  • Uncompromising attention to
  • Bachelor's degree


Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan's West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.

We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy.

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