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)
Job Tags
Local area, Flexible hours,