Director of Asset Management

• Location: South Orange County, California
• $130000 base salary
• Type: Direct Hire
• Job #1596
• Salary: $130,000 - $150,000

Title: Director of Asset Management

Industry: Real Estate

Location: South Orange County

Overview: Pacific Executive Search has been engaged on a search for a Director of Asset Management. In this role, you will take on new responsibilities overseeing a diverse portfolio of commercial real estate and non-performing loans, allowing you to leverage your expertise while making a significant impact. Located in the beautiful South Orange County, this position offers ample opportunities for career growth as you collaborate with executive leadership and manage high-performing teams.

Description:

Responsibilities

• Leverage financial, market, and industry insights to proactively uncover opportunities and mitigate risks within the asset portfolio.
• Formulate annual budgets and quarterly forecasts to assess performance across diverse operational platforms.
• Assist in the development of strategic business plans aimed at achieving critical operational objectives.
• Coordinate activities related to asset acquisition and integration, both pre- and post-acquisition, including software implementation.
• Engage with listing brokers and legal advisors for leasing, purchasing, and selling assets, fostering strong relationships within the brokerage and investment sectors.
• Provide oversight and analysis on capital improvement initiatives, unit renovations, marketing strategies, and expense management.
• Ensure adherence to all contractual agreements.
• Supervise and manage all company-generated fees, ensuring timely distribution and accuracy.
• Lead accounting and property management teams, leasing brokers, and other third-party service providers.
• Review architectural designs, conduct construction bid evaluations, and manage construction schedules, including permitting processes.
• Implement business plans for multiple assets and non-performing loans simultaneously.
• Prepare, analyze, and review monthly financial reports, tracking budget versus actual expenses while overseeing asset financial performance.
• Manage due diligence and escrow processes for asset acquisitions and dispositions.
• Provide regular reports to lenders and investors on a monthly and quarterly basis.
• Collaborate with architects, construction managers, and building engineers, maintaining positive relationships with third-party vendors.
• Ensure that business plan objectives are achieved and develop new plans for managed assets.
• Evaluate actual occupancy rates against market vacancy rates quarterly for each asset and offer recommendations as needed.
• Assess actual lease rates compared to market rates quarterly for each asset and provide necessary recommendations.
• Oversee negotiations and documentation for new leases and lease renewals.
• Deliver quarterly updates to investors.

Qualifications

• Proven ability to meet all reporting deadlines consistently.
• Minimum of 5 years of experience in commercial real estate, with a strong focus on investment, finance, underwriting, leasing, and asset and property management, particularly in office, industrial, and multifamily sectors.
• At least 3 years of experience in managing and developing high-performing teams, along with delivering presentations at the executive level.
• Expertise in Argus Financial Software.
• Advanced proficiency in Excel, PowerPoint, and the complete Microsoft Office Suite.
• Exceptional written and verbal communication skills, capable of delivering high-quality presentations to executive committees.
• Bachelor's degree in Finance, Accounting, Real Estate, or a related field; an MBA is preferred.
• Experience in underwriting, proforma development, due diligence, and overseeing construction management.
• Willingness to travel as necessary.
• Self-motivated, able to work independently, and demonstrate initiative in a fast-paced environment.
• Must be available to work in the office during business hours.