JOB SUMMARY:
This position will support Asset Management by providing guidance to the Asset Management Analysts as well as financial oversight and strategic guidance to operating and leasing management staff for a region of retail real estate assets in the Trust’s owned portfolio.
The Asset Manager will:
- Provide financial oversight, analysis and consultations relative to the assigned real estate portfolio.
- Conduct financial analysis and research to support EVP & Asset Management recommending long-term financial strategies to ownership based upon operating cash flows, capital requirements, merchandising trends, and redevelopment alternatives.
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Develop pro-formas and projections for leasing representatives to help them in negotiating transactions.
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Work closely with property management and accounting staff in coordinating collection efforts and responding to various tenant inquiries relating to co-tenancy, CAM audits and various other lease clauses.
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Participate in Regional Production meetings and organizes follow up as necessary to ensure action items are addressed in a timely manner.
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Monitor performance of the property and raises issues that may be on the horizon.
- Complete various reports related to operating statistics including revenue tracking, occupancy forecasts and renewal spreads.
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Review all confirmation of business terms (CBT) documents, recommending modifications and changes where necessary to regional Leasing Vice Presidents.
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Review lease comments and work with Leasing Representatives to evaluate the impact of proposed changes and Landlord’s risk and develop the appropriate responses to tenants.
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Work with Leasing Department to formulate and document Leasing Game Plan for annual budget. Reviews annual budgets and recommends modifications.
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Assist in compiling annual property budgets and creating forecasting models
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At the request of Senior Management, prepare financial projections for the property or for properties under consideration for development.
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Carry out special assignments/projects as assigned by management.
Qualified Applicants will have:
- Minimum of a Bachelor’s Degree in Accounting, Finance, Real Estate, or Business Management required.
- Master’s Degree in Finance, Business Management or Real Estate highly desired
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A combination of equivalent education and experience necessary to effectively perform the responsibilities of the position.
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5 to 10 years’ experience in commercial real estate, financial analysis and/or contract and real estate law.
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Strong competency in the use of Microsoft Office suite including Excel, Access, and PowerPoint. Experience using JD Edwards or AREF (Advanced Real Estate Forecasting) a plus.
- Some experience in architecture or construction desirable.
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Demonstrate an ability to communicate effectively, both orally and in writing, with all levels of management, lenders, owners, lawyers, etc.
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Exhibit effective interpersonal skills.
