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Senior Director, Asset Management

Senior Director, Asset Management

San Diego, CA

Backed by a well-known private equity company, a national shopping center owner and operator is looking for a Senior Director, Asset Management to join their leadership team. The primary responsibility of the Senior Director, Asset Management is strategic in nature: identifying growth opportunities and advocating value-maximizing strategies within a portfolio; measuring risks and developing strategies to mitigate such risk that preserve and drive property values. This leader coordinates and oversees operational, financial and reporting obligations, as directed, for a number of the Company’s investments.

Responsibilites

  • Coordinate activities among the Company’s management, operations, transactional, legal, finance and accounting teams to develop and execute property-level and portfolio strategies

  • Assume material role in communicating and coordinating with the Company’s equity sponsor

  • Assume material role in research, analysis, developing and implementing asset-level strategic plans to drive value creation, including hold/sell analysis

  • Engage and direct property managers in development of operating budgets including capital and leasing plans; oversee property level operating activities

  • Oversees the quarterly reforecast process including leasing and management strategies; understands and communicates significant variances and when necessary revised strategies

  • Develops short- and long-term cash flow and valuation models incorporating current market conditions. Maintains and updates models for significant changes to the market and assigned assets.

  • Identifies the impact of how demographics, job growth, competition, tenant credit worthiness and other relevant factors can impact the strategy/value of assets

  • Review of financial reports to monitor performance and achieve investment objectives

  • Prepare periodic and ad hoc reporting for internal and external clients

  • Manages and develops the analyst pool through training and career guidance ensuring their performance is in-line with group expectations

  • Assist in economic underwriting and due diligence for acquisitions and transition of acquisitions to asset management

  • Assumes additional responsibilities and performs special projects as needed or directed

Requirements

  • Minimum 7-10 years of commercial or investment real estate experience with 5+ years of Asset Management experience

  • Bachelor’s degree required

  • Experience working for a public or private retail investor owner/operator and significant experience with grocery anchored and community center product. Other relevant work experience could include work as an Asset Manager for a pension fund advisor that owns a significant portfolio of retail assets and is responsible for the operating performance

  • Extensive experience within California

  • Interpersonal skills with an ability to interact with external and internal clients

  • Strong problem solving and quantitative skills

  • Advanced skills in Excel and Argus

  • Experience with MRI or other accounting software

  • Ability to work well with others; high level of energy, dedication and passion for the business

  • Success in multi-tasking while maintaining a strong attention to detail and desire to perform project and actions with the highest quality results

  • Ability to work well under pressure with multiple competing deadlines

  • Maintaining personal skills and establishing relationships to advance professional networks and facilitate communication both within and outside the company

  • Strong written and oral communication skills

  • High degree of integrity

  • Proven ability to expand areas of knowledge and learn new skills as circumstances require

  • Network of existing relationships/contacts within the retail field including other owners, developers, leasing agents, and investment sales brokers a plus

  • Willingness to travel

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