Asset Manager

Asset Manager

Hybrid • Skokie Home Office LSMSK - Skokie, IL 60077

Overview

Salary Range $105,000.00 - $125,000.00 Salary/year Level Management Position Type Full Time Job Shift Day Education Level 4 Year Degree Travel Percentage Negligible Category Real Estate

Description

SCOPE:

The Asset Manager will be an integral leader on the asset management team at a privately held Real Estate Investment Firm. The role is responsible for managing a large portfolio of assets, optimizing value, and streamlining operational aspects of the business. The ideal candidate will have at least 7-10 years' proven experience in residential real estate, be individually proficient, and able to lead others.

RESPONSIBILITIES:

• NOI Management.
  • Ensure NOI growth targets are met.
  • Take a lead role in annual budgeting, contract negotiation, and managing the commercial portfolio.
  • Pursue value-add opportunities for market rent, pass throughs, tax appeals, etc.
• Financial Analysis.
  • Oversee analytics and process for monthly P&L review calls.
  • Assist with watch list tracking and manage key follow up items with other departments.
• Strategic Planning.
  • Complete monthly loan maturity and debt analysis, including ad hoc analysis such as defeasance.
  • Build Pro forma, supply adjusted financials, and support throughout the financing process.
• Systems Management.
  • Administer Back Office – create reports, build modules, update policies and procedures.
  • Ensure other systems are accurate and synchronized.
• Acquisition Takeover.
  • Participate in due diligence and post-closing execution of tenant transfer, business plan execution, etc.
• Personnel.
  • Oversee analyst(s) and intern(s)
• Ad Hoc.
  • Other projects and assignments as requested.

Qualifications

QUALIFICATIONS:

• Bachelor's degree in real estate, finance, economics, or similar field
• 7-10+ years of experience majority in real estate and/or Asset Management
• Highly proficient in achieving results and independently assessing opportunities.
• Demonstrated ability to lead others, meet deadlines, synthesize takeaways.
• Highest level of personal and professional integrity
• Excellent written communication skills

FLSA CLASS: Exempt

REPORTS TO: VP of Asset Management

SUPERVISORY RESPONSIBILITIES: Yes

JOB CATEGORY: Asset Management

POSITION CLASS: Asset Manager

POSITION CODE: ASSTMGR

COMPETENCIES:

• Treats everyone with respect, compassion and kindness – Builds internal respect and loyalty with customers. Demonstrates concern for customers. Effectively responds to customer needs. This includes responding timely to requests, listening to others, and seeking to understand others when there are differences of opinion, finding ways to build on each other's ideas. Acts with empathy and focus, while able to resolve problems.
• Demonstrate integrity, transparency and doing things the right way – Makes lemonade out of lemons. This includes following policies, demonstrating financial responsibility with Lakeshore assets, complying with state and federal law, and practicing safety. Conforms to the highest professional standard. Turns challenges into wins.
• Collaboration and team work – Involve key stakeholders in decision making. This includes developing and maintaining positive work relationships. Enhances the level of mutual cooperation. Actively participates in team-oriented objectives and activities. Focuses on team success, over individual.
• Solves problems and is transparent about outcomes – Champions new initiatives beyond the scope of the department. Seeks to improve in all aspects of work performance. Creates an environment of continuous improvement and innovation. Encourages people to maintain high standards of quality and thoroughness.
• Serves our employees and residents to improve their lives – This includes maintaining the property that creates curb appeal, a welcoming community environment, supports individual and family activities, creates a sense of neighborhood. At work, continually challenges self to grow and develop to be the best you can be at work.

PHYSICAL REQUIREMENTS: Frequently required to sit; Occasionally required to talk or hear; While performing the duties of this job, the noise level in the work environment is usually moderate; Occasionally required to lift up to 10 pounds.

COMPENSATION: $105,000. - $125,000.00/Year (Based on experience)

LOCATION: Skokie, IL (Home Office). Hybrid – 40 % Remote and 60 % Office (subject to change).

Lakeshore Management is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify when applying. Employment is contingent upon successful completion of background investigation. Lakeshore is a smoke-free and drug-free workplace. Pre-employment drug screening is required. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.