DIRECTOR – ASSET MANAGER
POSITION SPECIFICATIONShine Associates, LLC has been retained to search, identify and recruit a Director, Asset Manager on behalf of our client (‘Company'). This candidate will be located in the Dallas, TX office.
CONFIDENTIALITYShine Associates, LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning the Company provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidate's personal review of the career opportunity.
Client DescriptionAs a top 25 global asset management firm with more than $600 billion in assets under management, our client has an important mission: to help build a better financial future for its clients, its employees, and its communities. The firm brings an unparalleled level of knowledge, strength, and accountability to the financing process and has become a trusted provider of real estate capital and investment management services.
DIRECTOR – ASSET MANAGERThe Director level position will be based in Dallas. He/she will be primarily focused on the asset management of a portfolio of core/core plus, value-add assets and ground-up developments, which may be owned outright or through joint venture partnerships. This asset manager position will be the first asset management position in the Company's existing Dallas office, that is currently a debt production office along with an equity acquisition officer. Position will report directly to the Senior Director, Central Region Head of Asset Management.
Key Responsibilities
- The Asset Manager will apply a proactive, hands-on management strategy to achieve specific income, expense, and leasing targets for each asset in their assigned portfolio.
- As some assets will be development and value-add projects, the Asset Manager will be responsible for proactive management during the entire scoping, pricing, permitting and execution of repositioning projects and leasing process.
- Work closely with and efficiently manage third parties, including brokers, property managers, construction/project managers and attorneys.
- Work with Company's acquisition officers on potential transactions - from due diligence and underwriting, through closing and transition into the equity investment portfolio.
- Where applicable, the Asset Manager will have day-to-day responsibility for managing the Company's joint venture partners.
- The Asset Manager is responsible for the establishment of an accretive business plan and investment strategy with the objectives of maximizing property income, cash flow and long-term value.
- He/she will track and report on the performance of the asset, against both budget and various business plan milestones.
- Become a market expert in numerous geographies and property sectors.
- The Asset Manager will actively lead the quarterly valuation process for the assets in his/her portfolio.
- Visit assets regularly, maintain professional relationships with key tenants.
- Select and engage all third-party brokers, managers, architects etc. in pursuit of the best management, leasing and sales teams for his/her assets.
- Oversee and manage the work assigned to analysts supporting his/her assets.
- Support the Head of Asset Management and Portfolio Management Teams in their needs for discrete projects and reporting requirements.
- Operate effectively in a team environment, including flexibility and responsiveness.
Professional Qualifications
- Mid-career professional with 5+ years of experience and track record in commercial real estate asset management.
- Hands on equity asset management experience in multiple real estate sectors.
- Experience with institutional quality management of tenant improvements and interior base building construction.
- Strong analytic and quantitative skills, a finance driven approach to the business.
- Excellent written, oral and presentation skills.
- Ability to think like a principal with concern for the long-term performance of the property.
- Must be a motivated, self-starter with ability to work with minimal supervision.
CompensationCompensation will include a competitive base salary and bonus and an attractive benefits package.
CONTACT INFORMATIONShine Associates, LLC45 School St., Suite 301Boston, MA 02108www.shineassociatesllc.comHillary H. Shine, PrincipalCell: (203) ###-####...@shineassociatesllc.comTim Shine, PrincipalCell: (203) ###-####...@shineassociatesllc.comChandlee Gustafson, AssociateCell: (978) ###-####...@shineassociatesllc.com
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