Asset Manager

Michael Page has partnered with a respected real estate investment firm based in the Austin area who are looking for an Associate / Asset Manager to support their commercial real estate platform. **CAN BE BASED ANYWHERE IN TX**

Client Details

A highly entrepreneurial investment firm focused on value-added and opportunistic real estate investments across various commercial asset types. With decades of experience, the firm specializes in sourcing, acquiring, and re-positioning under-performing assets in often ignored markets and unlock value for their investors.

Description

*** Duplicate posting for Houston - this person can be based anywhere in a major TX metro ***

Newly created Associate / Asset Manager position will lead the implementation and execution of strategies, programs, policies, and initiatives for a value add commercial real estate portfolio. With a focus on growing NOI (Net Operting Income) the Associate / Asset Managerwill ensure achievement of the financial and operating goals of the portfolio.

Selected responsibilities:

• Participates and assists in formulating the annual business plan for the assigned assets primarily retail and hospitality at the moment
• Reviews, monitors, and reports on the portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly client portfolio/performance reports.
• Communicates with and closely interacts with the Principals of the firm and third part property managers to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio.
• Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.
• Works with the third party contractors to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.
• Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives

Profile

• B.S. Degree in Accounting/Finance and 3+ years' equivalent experience within Asset Management or similar.
• Specific asset management experience across the major commercial product types: retail, hospitality, industrial, mixed-use or other alternative assets.
• Experience with capital improvement project management
• Experience at interpreting limited partnership agreements, financial statements, and regulatory documents
• Strong analytical skills with a good understanding of Generally Accepted Accounting Principles

Job Offer

Targeting salaries from $85,000 to roughly $100,000 plus bonus depending on level and experience. Our client offers a flexible working environment and the selected candidate can be based anywhere in TX.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.