VP, Asset Management

LT Executive Search is seeking on behalf of a leading real estate investment firm to find a Vice President of Asset Management in Los Angeles to oversee the day-to-day financial and operational management of investments made by the firm. The candidate is expected to spend approximately 75% of their time on asset management, and 25% on acquisition/new investments. Primary responsibilities include:

• Maintain direct accountability for the performance of each individual asset and update the team as needed on the performance of investments and other key issues.
• Prepare, update and maintain financial models in Excel and/or Argus for existing assets and portfolios including (1) analysis of leasing, financing, budgeting, joint venture and hold/sell decisions and (2) internal rate of returns, sensitivity tables, property valuations, cash-on-cash returns and various other return metrics.
• Make key day-to-day decisions for each asset including, but not limited to:
  • Development/Capex/Renovations;
  • Sales and Marketing;
  • Leasing;
  • Property Staffing; and
  • Legal Issues.
• Interface with sales brokers, property managers, lenders, leasing agents, accountants, legal counsel, clients as part of business plan implementation.
• Direct the generation of asset-level annual budgets and portfolio-level annual strategic business plans.
• Conduct regular site visits to asset portfolio to monitor asset and team performance.
• Implement all aspects of asset dispositions, refinancings, and loan modifications.
• Analyze lease transactions and assist in the preparation/negotiations of lease agreements including coordinating with legal counsel and leasing brokers.
• As part of acquisition/new investment responsibilities:
  • Underwrite new investments, including cash flow modeling, financing and joint venture structuring, market diligence, and investment summary generation.
  • Oversee new investment due diligence processes and the transition of new investments from the acquisitions team.
• Possesses strong understanding of all ownership documents including debt agreements, JV agreements, leases, and construction contracts.
• Build and maintain stable relationships with external stakeholders including JV partners, borrowers, and management companies, ensuring their adherence to business plans.
• Problem solve to resolve key issues.

QUALIFICATIONS

• Passion for real estate.
• Proactive mentality with the desire to do what's necessary to help the team.
• BA or BS degree from an accredited institution required, preferably in real estate, finance, business, accounting, economics or related area.
• Strategic thinker with a keen understanding of value creation; able to work in an entrepreneurial environment with autonomy and flexibility.
• Strong interpersonal and communication skills with both internal and external stakeholders at all levels within the organization.
• Excellent financial modeling, analytical and organizational skills, and attention to detail.
• Proficiency in Microsoft Excel and Argus.