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Asset Manager

Salary
$150,000-$174,999
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
New York
 NY
Postal Code
10013
Country
United States

This job is no longer active.

Description


Asset Management Duties

  • Business Plan Preparation & Execution
    • Prepare and maintain quarterly asset manager reports and oversee preparation of monthly reporting package in coordination with accounting team for each property
    • Monitor budget versus actuals, understand any variances
    • Review annual expense reconciliations and true-up process
    • Update cash flow models for material changes (new leasing, capital and market assumptions)
    • Monitor construction progress and include updates in asset management reports

 

  • Property Management
    • Oversee property managers regarding all aspects of daily operations, including, but not limited to capital projects and tenant improvements consistent with local codes and in compliance with lease and work letter agreements, approval of vendor contracts, and interfacing with local authorities when necessary. Includes routine physical inspections of the properties
    • Oversee Property Managers, Property Operations and Capital Plans
    • Attend weekly/monthly property management and leasing meetings
    • Assist in developing annual operating and capital budgets

 

  • Operations
    • Seek out opportunities to increase NOI by reducing operating expenses and increasing revenues
    • Develop a working knowledge of leases, loan documents and other agreements for general responsibilities, insure all property level data is accurately tracked
    • Interface with loan services and ensure loan compliance
    • Review and manage real estate tax assessments and appeal processes
    • Diligent understanding and pursuit of tenant arrears; develop a response and recommendation to tenant collection matters and defaults
    • Coordinate due diligence, tenant estoppel and SNDA processes for acquisitions, dispositions, and financings

Job Functions


  • Asset Management
  • Development
  • Investor Relations
 

Job Sectors


  • Residential
  • Hospitality / Entertainment
  • Office
 

Experience


2+ to 5 years


This job is no longer active.

 
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