Vice President Asset Management

Job Title: Senior Vice President, Head of Asset Management

Department: Asset Management

Reports to: Executive Vice President, Head of Real Estate

Primary Function

The Senior Vice President will be responsible for assisting the Executive Vice President, Head of Real Estate to manage the Company’s investments (both equity and debt) with the purpose of maximizing long-term asset value, while also managing risk.

Primary Responsibilities

• Develop, recommend and implement asset strategies based on asset/market dynamics and RoC analysis to increase value, including rents, capital improvement, occupancy and tenant retention.
• Evaluate asset performance and market trends to identify growth opportunities.
• Perform all hold/sell analysis and recommend short-term and long-term strategies.
• Assist with the deal structuring and monitoring of companies amenity centers.
• Manage all JV investor / lender / borrower relationships, including preparation of reporting and presentation materials. Proactively identify and address any issues as they arise.
• Recommend for approval all major decisions, leasing, loan draws, capital calls, debt compliance, distributions, restructuring and financing. Prepare memos in support of major decisions.
• Assist acquisitions team with underwriting and due diligence as needed.
• Coordinate with acquisitions team for on-boarding of new acquisitions and off-boarding of dispositions.
• Engage and oversee the work of all third-party property appraisers, as needed, and assist acquisition team with internal asset valuations.
• Assist capital markets team with loan refinancings, modifications and workouts and review/approve all borrower requests.
• Actively manage all loans (with lenders and borrowers), including monitoring/reviewing all KPIs to ensure compliance with all loan covenants.
• Create quarterly debt fund reports for internal discussion and investor reporting.
• Evaluate new leases and renewals compared to budget and underwrite the credit of tenants. Collaborate with leasing team to determine appropriate levels of lease security.
• Direct and oversee the preparation of the annual budgets, including the review and approval of those prepared by property management and construction.
• Analyze operating expenses, including trends to ensure assets are being effectively managed.
• Lead any initiatives to address budget or business plan discrepancies.
• Work with property management team to address arrears.
• Directly manage real estate tax reviews and challenges.
• Manage Asset Management team members to achieve objectives focused on leasing, property management, and capital allocation.
• Provide ad hoc reporting.
• Other special projects / assignments as requested by the Executive Vice President, Head of Real Estate.

Education & Experience

• Bachelor's degree in real estate, finance or a related field
• Advanced degree preferred.
• 10+ years of relevant experience in asset management of office real estate.

Essential Skills & Qualifications

• Extensive understanding of the Class A office market, across multiple MSAs in the United States, particularly New York City and San Francisco.
• Excellent presentation, verbal, and communications skills.
• Strong work ethic with a results-oriented approach.
• Collaborative nature, willing to build and sustain productive working relationships with internal and external stakeholders

Internal and External Contacts

• Build and maintain relationships with current and potential investors, consultants, internal and external stakeholders
• Regularly interfaces with colleagues across all departments as needed