Asset Manager

Asset Manager

Salary:  Competitive

Full-time employment

Work Place:  Corporate Office and Real Estate Class A Properties

Location:  Fresno, California

Description

The Right Team of Experts

EXPERIENCE A DIFFERENCE – TUTELIAN

Our team of experts work tirelessly to ensure all our commercial buildings and developments are safe, secure and maintained to the highest standards. We understand that not only do the tenants of 'Class A' properties deserve and expect the best, but the buildings themselves can defy age with careful attention by experienced professionals, and their value can be maximized over a longer term.

If you would like to know more or would like to join the team, please get in touch.  Submit your resume and cover letter.

Position is in Fresno California.  Candidates interested in the position must be interested in relocating to Fresno and surrounding areas.  There is no remote work. 

About the Position for Asset Manager

Role

The Asset Manager is responsible for monitoring and maximizing assets’ performance and ensuring those assets meet or exceed the business plan for each property and project activities that add value for portfolio under management oversight. This individual will oversee multiple business unit managers to ensure they are carrying out the Company’s objectives, vision, and financial performance. Duties will include assets’ preservation, analyzing both existing property and projects’ operational and financial reports, creating and monitoring operating metrics. The Asset Manager will be responsible for the implementation of the Company’s specifications for each asset.  The Company works as a dynamic team so although the role requires a focus on these duties, you may be asked to take on variety of unrelated duties to support other team members to ensure successful execution of real estate projects and carrying out the corporate mission.

Responsibilities

Daily responsibilities include, but are not limited to:

• Analysis: Evaluate and meticulously analyze operating and financial reports provided by Property Manager(s) to identify mistakes, deviations from pro forma projections or areas for improvement.
• Optimization: Identify creative ways to maximize an assets’ value in accordance with the pro forma and beyond the original projections such as strategic or capital improvements.
• Adoption of sustainable green initiatives that maximize value.
• Program Implementation & Enforcement: Implement the Company’s and each specific project’s program & strategy to ensure it meets the business plan expectations and creates the desired culture and feel for each community. Work with marketing and property manager(s) to achieve a specific branding program that drives tenant retainage and targeted customers.
• Actively participate with team members on investment and development action items during the initial analysis of potential acquisitions and development projects. Provide feedback regarding key assumptions based upon market data.
• Participate as part of the team at project inception. Maintain active dialogue with development team during construction process to ensure compliance with major business plan objectives.
• Upon substantial completion of development projects, assume direct responsibility for business plan execution, focused initially on successful lease-up and stabilization.

Operating Metrics: Establish and manage corporate scorecards of operating metrics that allow leadership to track the performance of assets across the portfolio.

• Reporting: Generate detailed financial, operating and market research reports for owner, leadership members and lenders as needed.
• Research: Maintain a continuous pulse on market conditions and trends by conducting extensive research and presenting it to the CEO, CFO and other team members. Work with internal staff on acquisitions to maintain a database of comps and their performance, qualities, and features. Track transactional data too.
• Participate in strategy discussions regarding areas of focus for new investments. Maintain best-in-class working knowledge of the region/market, including asset class performance, capital markets, and the competitive environment. The knowledge should be driven by direct contact with actual market participants in addition to 3rd party research reports.
• Site Feasibility: Provide input based on performance of assets and market research, as well as, pro forma creation process. Participate as a key team member in the due diligence and pre-development process.
• Broker Relations: Participate in sourcing, vetting and managing brokers in the asset management process. Gather anecdotal data from the brokerage community about transactions and performance of assets in the sector.
• Debt & Equity Relations: Participate in meetings with CEO, CFO and lenders and provide docs or data upon request.

Qualifications

• Bachelor’s Degree in Business, Real Estate, Accounting or Finance required. 
• A minimum of 6 plus years of career experience in real estate investment, real estate management, accounting, or finance fields.  Asset and/or property management beneficial.  Prefer 10 years’ experience.
• Successful candidates will demonstrate a high proficiency in analytical thinking and financial review of assets.
• Proficiency with Microsoft Office Suite, with strong Excel skills.  Must be comfortable working with Excel models and calculating industry standard financial metrics. 
• Excellent analytical, interpersonal, writing and communication skills with the ability to multi-task and a strong desire to learn and succeed.  Comfortable learning new things and figuring out new responsibilities. 
• Strong work ethic, enthusiastic, proactive, well organized and mature.  Attention to detail on work product. 
• Travel within Fresno is frequent.  Periodic travel outside the Fresno area may be required. Corporate office location is in down town Fresno, CA. 

• Ability to work in a fast-paced, self-directed, entrepreneurial environment.
• Must maintain a professional image with brokers, lenders and Tutelian’s executive team. 

• Ability to effectively communicate/work with others.
• Great presentation skills.
• Ability to work independently.
• Ability to work in a fast-paced environment.
• Ability to multi-task.
• Ability to work in a team environment
• Ability to follow and execute instructions

Additional Information

Tutelian and Company offers competitive salaries, benefits package and attractive incentive opportunities. If you are interested in becoming an integral part of a growing, entrepreneurial, team-oriented, and dynamic organization where your contributions will be recognized and rewarded, please submit a cover letter and resume.

Tutelian and Company is an equal opportunity employer. 

Job Functions

• Acquisitions
• Asset Management
• Development