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  • Location: West LA, California
  • Type: Direct Hire
  • Job #655
Private real estate investment firm in West LA is looking for an Asset Manager.This position will be responsible for achieving the financial and operational goals established for a portfolio of primarily industrial properties currently owned in multiple locations in New Jersey and New York. This position will report directly to the Senior Director, Asset Management for the portfolio and will require proficiency in financial analysis and strategic planning of assets within the portfolio as well as asset and property management functions including the day-to-day operations and maintenance programs, assistance with tenant relations, and collections.
Responsibilities:
  • Prepare required institutional level reporting for each property including monthly budget comparison/variance analysis, property and operational status summaries, quarterly financial and operational reports on all assets, and quarterly budget reforecasts as required.
  • Prepare annual Budget which will address property operating projections for income, expenses, capital needs and financing costs and assist asset manager in the preparation of a Strategic Plan for each property.
  • Work closely with accounting in reviewing accounts receivables and reporting on collections to asset management and executive team.
  • Review and approval of accounts payable on a daily basis, with responsibility for obtaining all critical support of expenses
  • Work closely with asset management team, providing assistance in direction to and reporting from property managers, leasing agents, brokers, and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
  • Work with asset management department in setting up new acquisitions into the appropriate systems and filing of all related materials in asset management file share system.
  • Work with the asset management department in overseeing disposition process of assets in portfolio including review of marketing material, managing due diligence and closing requirements.
Qualifications:
  • Must be extremely proficient in Kardin, MRI, Yardi Voyager (7S), PowerPoint, Excel, Word, and Outlook
  • Must have strong quantitative analysis skills,
  • Must have strong writing and communication skills,
  • Minimum of 3-5 years’ experience in commercial real estate management. Direct industrial multi-tenant experience a plus.
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