Assistant Vice President - Asset Manager

Description

The Asset Manager position provides the opportunity to work with a well-established real estate investment team with 35 years of experience. The position will work closely with senior leadership in Brookfield to monitor and manage asset strategy, review monthly financials, review and approve annual budgets, track capital expenditures, assist with cash management, commercial lease analysis and negotiations, and track key performance indicators. The asset manager will work closely with acquisitions, property management, and construction management during the life cycle of each real estate investment. Other job functions include investor reporting, quarterly distributions, quarterly valuations, due diligence, assisting with closings, and setting annual goals.   

Duties and Responsibilities: 

• Review and analyze monthly financial reports including rent rolls, income statements, balance sheets, budget comparisons, cash flow statements, and delinquency reports 
• Manage lease negotiations and analysis for new and renewing tenants across industrial, retail, and office asset classes 
• Review lease trade out reports and interior improvement plans  
• Perform and document on-site property inspections (semi-annually). Report inspection results and make recommendations to senior management and property management 
• Monitor asset strategies, provide project management, and review and track construction budgets while communicating progress with Portfolio Management 
• Forecast cash requirements and communicate future cash outflows with Portfolio Management  
• Assist with and participate in due diligence efforts for newly acquired assets  
• Manage direct disposition of assets through sales process  
• Create and/or utilize financial models to analyze cash flow, recommend supplemental loans or refinancings, and determine when to hold vs. sell investments  
• Review and approve annual operating budgets provided by property management team 
• Compare pro-forma underwriting to annual asset performance 
• Maintain regular communication with partners to ensure operations are in accordance with the underwritten business plan  
• Monitor and administer loan covenants including reserve/loan draws, monthly escrows, and provide lenders with financial information as required 
• Manage real estate tax appeal process, litigation and mediation with tax advisors  
• Forecast property distributions and communicate variances to Portfolio Management 
• Ensure the lender required repairs are completed on time

Requirements

• 5 – 7 years of prior experience in asset management, portfolio management, financial underwriting, or fund-level management involving commercial real estate. Less experience may be substituted for additional education and/or Certifications (i.e., MBA, MRE, CCIM). 
• Life-long learner with an entrepreneurial attitude. 
• Superior interpersonal, written, and verbal communication skills.  
• Strong organizational and time management skills.   
• Detailed oriented self-starter with managerial skills. 
• Ability to multitask, prioritize, and take direction from managers in different business units. 
• Strong analytical skills and ability to learn quickly, achieve results, and excel in a fast-paced, deadline driven environment. 
• Ability to work on a team, as well as independently, while driving multiple priorities and applying good judgement along with strong sense of self-motivation and direction. 
• Smart, energetic, team player with a strong work ethic and commitment to excellence. 
• Willingness to travel as required. 

Technical/Educational Requirements 

• Bachelor's Degree in Economics/Finance/Accounting or Real Estate 
• Yardi experience and advanced Excel functions a plus 
• Proficient in Argus 
• Proficient in Microsoft Word, Teams, Excel, and Outlook  
   

Physical Requirements: Ability to operate office machinery; including but not limited to: telephone, computer, copy machine, fax machine, printer, and mobile phone.  
 

Working Conditions: Open office workstation environment, moderate to quiet noise levels.
 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.  
 

In compliance with the Americans with Disabilities Act, a “reasonable accommodation” will be made for an individual with a known physical or mental limitation unless it would require an action of significant difficult causing undue hardship.  

This document covers the most significant duties performed but does not exclude other occasional work assignments not mentioned.