Viking Partners, LLC
Asset Manager
Viking Partners, LLC, Cincinnati, Ohio, United States, 45208
Viking Partners Management, Inc. is a private equity real estate firm that owns and operates a portfolio of real estate assets including retail, industrial, office, flex, multifamily, and more. Our properties are primarily located throughout the Midwest, Southeast, Southwest, and Mountain West United States. We specialize in acquiring well-located commercial properties with strong value-add potential.Job Description
The Asset Manager
directs and coordinates the asset management, on-going operations, and administration of multiple value-add commercial properties. May perform duties personally, through third party managers, third party leasing agents, or through company personnel.Responsibilities:Manage a team of property managers and leasing agents (third party) to implement operating and capital strategies for a portfolio of assets.In coordination with internal team members, act as landlord representative for new tenant lease negotiations and renewal of existing tenant leases.Support and coordinate the sale process for portfolio dispositions.Update and analyze property proformas as a function of executing the business plan and determining an accurate NOI for each assigned asset.Proven ability to work as a leader and decision maker on a team. Ability to work in an organized, efficient manner with a high level of accuracy, attention to detail, and follow-through.Ability to creatively overcome obstacles is critical to the success of this position.Continually evaluate operating costs by monitoring each property’s performance and results against the approved budgets, recommending and/or approving necessary adjustments to achieve the scheduled cash flow or asset value objectives.Develop, review, and approve short-term and long-term operational programs that will achieve or exceed cash flow objectives and maximize the asset value of each property.Forecast capital improvement requirements to maintain each property’s efficiency and market competitiveness.Direct budget development for each property, reviewing and approving budgets in cooperation with the respective Property Manager and property accountants.Monitor the procedures with respect to revenue management and ensure that policies, billings, and collections are being enforced to maximize cash flow.Monitor the response to tenant requests for services and general customer service satisfaction.Annually oversee completion and accuracy of CAM reconciliations by accounting team.Qualifications and Skills:10+ years of proven commercial real estate asset management or relevant experience.Multi-family property experience is preferred.An understanding of accounting principles and the ability to analyze, interpret and negotiate lease agreements are necessary.Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public and regulatory agencies.Math/Financial Skills: Ability to calculate figures and amounts such as loan amortization, commissions, expense prorations, percentages, area. Real estate financial analysis skills essential.Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions.Outstanding planning and organizational skills a must. Effectively manage multiple tasks and manage time.Successfully interact with all levels of individuals and groups, both orally and in writing. Must be service oriented.Ability to skillfully utilize Microsoft Office Suite of tools is required.Education and or/experience: Bachelor’s degree from four-year college or university with at least ten years industry experience, or equivalent combination of education and experience.Not seeing anything that fits your skills?
Sometimes great talent comes to us before we know we need it. Tell us a little about yourself and we’ll reach out if we think it’s a fit.
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The Asset Manager
directs and coordinates the asset management, on-going operations, and administration of multiple value-add commercial properties. May perform duties personally, through third party managers, third party leasing agents, or through company personnel.Responsibilities:Manage a team of property managers and leasing agents (third party) to implement operating and capital strategies for a portfolio of assets.In coordination with internal team members, act as landlord representative for new tenant lease negotiations and renewal of existing tenant leases.Support and coordinate the sale process for portfolio dispositions.Update and analyze property proformas as a function of executing the business plan and determining an accurate NOI for each assigned asset.Proven ability to work as a leader and decision maker on a team. Ability to work in an organized, efficient manner with a high level of accuracy, attention to detail, and follow-through.Ability to creatively overcome obstacles is critical to the success of this position.Continually evaluate operating costs by monitoring each property’s performance and results against the approved budgets, recommending and/or approving necessary adjustments to achieve the scheduled cash flow or asset value objectives.Develop, review, and approve short-term and long-term operational programs that will achieve or exceed cash flow objectives and maximize the asset value of each property.Forecast capital improvement requirements to maintain each property’s efficiency and market competitiveness.Direct budget development for each property, reviewing and approving budgets in cooperation with the respective Property Manager and property accountants.Monitor the procedures with respect to revenue management and ensure that policies, billings, and collections are being enforced to maximize cash flow.Monitor the response to tenant requests for services and general customer service satisfaction.Annually oversee completion and accuracy of CAM reconciliations by accounting team.Qualifications and Skills:10+ years of proven commercial real estate asset management or relevant experience.Multi-family property experience is preferred.An understanding of accounting principles and the ability to analyze, interpret and negotiate lease agreements are necessary.Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public and regulatory agencies.Math/Financial Skills: Ability to calculate figures and amounts such as loan amortization, commissions, expense prorations, percentages, area. Real estate financial analysis skills essential.Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions.Outstanding planning and organizational skills a must. Effectively manage multiple tasks and manage time.Successfully interact with all levels of individuals and groups, both orally and in writing. Must be service oriented.Ability to skillfully utilize Microsoft Office Suite of tools is required.Education and or/experience: Bachelor’s degree from four-year college or university with at least ten years industry experience, or equivalent combination of education and experience.Not seeing anything that fits your skills?
Sometimes great talent comes to us before we know we need it. Tell us a little about yourself and we’ll reach out if we think it’s a fit.
#J-18808-Ljbffr