Senior Asset Manager (Boston HQ)
: Job Details :


Senior Asset Manager (Boston HQ)

WinnCompanies

Location: Boston,MA, USA

Date: 2024-09-17T00:44:28Z

Job Description:
WinnCompanies is looking for a Senior Asset Manager to join our team.

In this role, you will support the company in connection with its investment and asset management activities. You will also be primarily responsible for the value-add asset management and reputation management of Winn-owned properties.

This person will work in a hybrid model with 2 days remote and 3 days sitting at the headquarters in Boston, MA.

Responsibilities

  • Asset Management:
  • Assist in addressing and solving issues as directed by ownership.
  • Perform certain asset management responsibilities focused on affordable properties to enhance asset value including asset performance, leasing and capital programs, etc. while maintaining our reputation.
  • Develop asset-level strategic plans in conjunction with ownership.
  • Review and analyze monthly variance reports and understand management's plan(s) to address material budget variances, including development deals upon construction completion.
  • Prepare and deliver monthly communication to ownership on issues identified in the portfolio based on reporting received, site visits, and other areas of focus as identified by ownership including: reputation and regulatory PR risks (i.e. upcoming NSPIRE, incidents at site, etc.), physical issues/major capital projects, other concerns, and property inspection reports.
  • Coordinate asset management initiatives and oversee special projects as assigned.
  • Prepare and present added value capital expenditure initiatives for owner approval.
  • Oversee annual rent review and lease renewal strategies for each asset and ensure timely implementation. In collaboration with property management, provide recommendations and ensure successful completion.
  • Approve the property management strategy and objectives and ensure implementation by the Property Management Agent.
  • Monitor monthly lease renewals, rent review reports, and other internal/external reports as appropriate to ensure the assets are meeting the objectives of ownership.
  • Cultivate, foster, and maintain key occupier, partner and agency relationships.
  • Review audited financial statements.
  • Review real estate tax analyses prepared by the Property Management Agent and/or its accounting team, and lead any abatement or appeal efforts.
  • Prepare annual site-level payroll analyses.
  • Conduct site inspections for the Winn-owned portfolio and report findings and recommendations to ownership.
  • Make regular asset management update presentations to ownership.
  • Strategic Support to Leadership Team:
  • Review and analyze portfolio performance against the strategic plan.
  • Review and analyze individual property results and returns to understand and drive performance.
  • Track, analyze and challenge return performance of individual investments against original underwriting.
  • Identify risks and opportunities related to meeting the overall short term and long-term financial objectives.
  • General Department & Other Functions:
  • Supervise and/or mentor Project Financial Analysts.
  • Perform administrative duties.
  • Maintain department document management systems, both electronic and physical.
  • Create policies procedures to document processes, and complete other projects as may be assigned.
  • Requirements

  • Bachelor's degree.
  • 8-10 years of relevant work experience.
  • 5-8 years of supervisory experience.
  • A current driver's license in good standing and ability to meet the driving records standards outlined in the Company Safe Vehicular Operations Policy.
  • Advanced skills with Microsoft Office, particularly Excel.
  • Ability to produce complex documents, perform analysis, and maintain databases.
  • Excellent leadership and customer service skills.
  • Outstanding verbal and written communication skills.
  • Ability to juggle multiple priorities with superior attention to detail.
  • Ability to perform comfortably in a fast-paced, deadline-oriented work environment.
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