Employment Enterprises, Inc., is currently working with a retail real estate group. With 21 offices throughout the eastern U.S. We are searching for a Director of Asset Management to oversee the strategic direction and daily operations of a diverse portfolio of retail and shopping center assets across key national markets. This position is onsite in Miami, Florida and pays $150,000-$175,000 plus bonuses.
Director of Asset Management Responsibilities:
Responsible for the overall operational and financial performance of assigned retail/shopping center assets within the Company portfolio.
Achieve leasing, net operating income, cash flow, and capital expenditure targets.
Achieve and/or exceed underwriting forecasts asset values and return targets.
Collaborate with senior leadership team to develop and lead the execution of strategic asset and portfolio level strategies & recommendations.
Maintain comprehensive, current knowledge of all assigned markets and provide useful market information to the CEO and Investment Committee.
Foster collaborative and productive relationships with key Company departments, such as property management, construction management, and leasing, to coordinate and oversee multiple business plans and value enhancement initiatives simultaneously.
Maintain and lead the interpretation of asset-level Argus and Excel models supporting business plan strategies and investor reporting requirements.
Review and approve capital/legal invoices
Continuously analyze geographic market trends affecting retail asset values, costs, and supply/demand fundamentals to identify opportunities for enhancing portfolio value through renovations, innovative leasing strategies, or asset repositioning
Oversee the selection, management, and monitoring of internal and/or external service providers, including managers, leasing agents, attorneys, contractors, and other necessary partners, to ensure targeted investment performance is met.
Director of Asset Management Requirements:
Minimum 5+ years of Real Estate Asset Management experience in an operating company environment.
Bachelor’s Degree; preference in accounting, finance, economics, or business-related discipline.
Comprehensive grasp of financial concepts and methodologies.
Extensive knowledge of the retail asset class, with a focus on open-air shopping center properties and portfolios.
Experience leading complex lease negotiations.
Strong working knowledge of Argus and Excel modeling.
Demonstrated success in creating, managing, and leading business plans for retail assets and portfolios, with a focus on stabilized operations or redevelopment strategies. Experience with entitlements is not required but preferred.
Experience in engaging with anchor tenants and successfully managing relationships to drive impactful results.
MBA or Master’s in Real Estate is not required, but preferred.
Yardi knowledge is not required, but preferred.
Detail oriented reporting capabilities.
Excellent communication and organizational skills.
Ability to analyze/think critically about value creation strategies & their implementation
Detailed project management and process tracking capabilities.
Driven by an entrepreneurial mindset and a sincere commitment to contributing to a fast-growing organization.
Demonstrates expertise in overseeing intricate lease negotiations, with a strong track record of managing and achieving results with anchor tenants.
What we offer:
Holiday & PTO
401K
Medical Insurance
Dental and Vision Insurance
Health Saving Account
Flex Spending Accounts
Supplemental Benefits
“Our Equal Employment Opportunity Policy: Employment Enterprises, Inc. is an equal employment opportunity employer. We recruit, employ, assign, train, compensate and promote without regard to race, color, sex, age, disability, religion, national origin, marital status, sexual orientation, ancestry, U.S. Veteran status, or any other protected category under applicable law.”
Employment Enterprises, Inc is the parent company of Temporary Solutions, Inc. Temporary Solutions is a workforce solutions company based out of 10550 Linden Lake Plaza, Suite 200, Manassas, VA 20109. You can reach our recruiters about this job and more at 703-361-2220 or email recruiters@eeihr.com.
