Los Angeles

Los Angeles, CA

A family office with a diverse set of real estate holdings is looking for a Director of Asset Management and Finance. With a 30-year track record of successful projects in the Western US, their portfolio includes many asset types, with a focus on office, land, retail and multifamily properties. They are a lean team of professionals working collaboratively with third-party property managers and other partners.

The company is looking for a self-starting real estate professional with 5 or more years of asset management experience. This job is for someone with a “can do” attitude who is capable of wearing multiple hats in a fast-paced and nimble office. The Director of Asset Management would be involved in all aspects of an asset’s lifecycle, including initial underwriting, due diligence, financing, leasing, operations and sale.

Responsibilities

• Asset Management
  • Oversight of property operations, leasing and capital deployment in order to maximize returns
  • Monitor and evaluate financial operating results to enhance cash flow and profitability
  • Serve as the Owner Representative, developing solutions to operational issues on a day-to-day basis, and effectively communicating high-level issues
  • Evaluate overall performance to assist in strategic business planning
  • Work collaboratively with property management to identify challenges and execute timely and effective solutions
  • Oversee renovation execution, including initial planning, working with general contractor on delivery timelines, and monitoring impact on leasing, rental rates, etc.
  • Analyze and assist with the negotiation of prospective leases
• Acquisitions/Dispositions
  • Play and integral role in asset level acquisitions, financings and dispositions
  • Prepare cash flow models in Excel and Argus to perform hold/sell analysis on existing real estate investments
  • Monitor and analyze specified market conditions

Requirements

• Minimum of 5 years of direct asset management experience, including non-multifamily commercial assets
• Familiarity with Yardi, Argus, and Excel
• Overall flexibility. Given the small size of the company this individual will be involved in duties beyond their job description.
• Strong working knowledge of the principles of asset management
• Exceptional interpersonal skills and an ability to collaborate with multiple team members
• Well-developed oral and written communication skills
• Superior analytical skills and judgment
• Detail-oriented with strong organizational skills
• Ability to manage and meet deadlines across multiple projects at any given time