Real Estate Asset Manager

job
  • Ascendo Resources
Job Summary
Location
Aventura ,FL
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
15 Jan 2025
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Job Description

An established real estate company is seeking an Asset Manager to oversee a $500m portfolio of mixed-use properties!


This is an on-site opportunity in Miami, FL with an annual salary from $150-200K plus great benefits.


Responsibilities:

Financial Management

  • Support, recommend and drive financial decisions. Maximize financial performance
  • Forecast financial performance
  • Prepare and review budgets (Operating and Capital budgets)
  • Conduct regular financial analysis to make informed decisions
  • Prepare presentations and monthly reports to ownership and partners/ investors, as needed
  • Coordinate and facilitate lender compliance regarding debt covenants, providing financial information, monitoring the release of escrow accounts and maintaining compliant physical conditions.
  • Display understanding of cash balances and availability of funds for projects and cash flow management of operations and capital improvements.

Lease Administration:

  • Manage and oversee leasing agents and direct leasing strategy for properties.
  • Handle lease negotiations, renewals and terminations while maintaining strong tenant relationships and ensuring lease compliance.
  • Manage lease renewal strategy to meet or exceed proforma goals, considering local market conditions.
  • Monitor critical dates within assigned portfolio (lease expirations, renewals, loan maturity, etc.)

Operational Management

  • Manage and oversee the activities of property managers
  • Review and approve vendor contracts, as needed
  • Monitor key property metrics/matters (occupancy, rent collection, maintenance, legal matters, tenancy, etc.) and report to owner
  • Maintain strong tenant relationships
  • Visit and inspect properties (located within the State of Florida) on a regular basis
  • Identify opportunities for operational efficiencies to increase revenue or reduce expenses.
  • Develop action plans for under-performing assets, to improve performance.

Risk Management

  • Identify and manage risks associated with the portfolio, including security, insurance, environmental and regulatory compliance
  • Support insurance claims and litigation, coordinate lender inspections

Acquisitions/Dispositions

  • Support property acquisitions and dispositions.
  • Conduct market analysis and due diligence, as needed.
  • Manage the takeover of new assets and assure the smooth and successful transition into the portfolio
  • Position properties for disposition or financing, as applicable

Other

  • Establish key relationships (city, economic development, police, other property owners, brokerage community, etc.)
  • M-F schedule but ability to work flexible hours as needed or during emergencies.


Required Skills:

  • Bachelor's degree, preferably in real estate, business, finance, or accounting
  • 5+ years of experience in a similar role
  • Bilingual Spanish a must
  • Strong Excel skills
  • Argus a huge plus
  • Understanding of real estate principles and concepts
  • Excellent written and verbal communication skills
  • Ability to handle multiple properties and various asset types (retail, office, warehouse, multi-family)

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