AVP - Asset Manager

MLG Capital•Goerke's Corners, WI

About The Position

The Asset Manager position provides the opportunity to work with a well-established real estate investment team with 37 years of experience. The role works closely with senior leadership in Brookfield, WI to monitor and execute asset strategies; review monthly financial performance; review and approve annual operating budgets; track capital expenditures; assist with cash management; manage pricing strategies; and monitor key performance indicators. The asset manager will work closely with acquisitions, property management, and construction management during the life cycle of each real estate investment. Other job functions include investor reporting, quarterly distributions, quarterly valuations, due diligence, assisting with closings, and setting annual goals.

Requirements

5 – 7 years of prior experience in asset management, portfolio management, financial underwriting, or fund-level management involving commercial real estate. Less experience may be substituted for additional education and/or Certifications (i.e., MBA, MRE, CCIM).
Life-long learner with an entrepreneurial attitude.
Superior interpersonal, written, and verbal communication skills.
Strong organizational and time management skills.
Detailed oriented self-starter with managerial skills.
Ability to multitask, prioritize, and take directions from managers in different business units.
Strong analytical skills and ability to learn quickly, achieve results, and excel in a fast-paced, deadline driven environment.
Ability to work on a team, as well as independently, while driving multiple priorities and applying good judgement along with strong sense of self-motivation and direction.
Smart, energetic, team player with a strong work ethic and commitment to excellence.
Willingness to travel as required.
Bachelor's Degree in Economics, Finance, Accounting, or Real Estate.
Proficient in Microsoft Word, Teams, Excel, and Outlook.
Yardi or similar accounting platforms experience.
Ability to operate office machinery; including but not limited to telephone, computer, copy machine, fax machine, printer, and mobile phone.

Nice To Haves

Additional technical skills such as Python, Power BI, SQL, advanced Excel/VBA, ARGUS, or data visualization and automation tools are considered a plus.

Responsibilities

Review and analyze monthly financial reports including rent rolls, income statements, balance sheets, budget comparisons, cash flow statements, and delinquency reports.
Oversee and optimize pricing strategies across the portfolio by evaluating market conditions, occupancy and utilization trends, and revenue targets; and review lease trade-outs.
Perform and document on-site property inspections. Report inspection results and make recommendations to senior management and property management.
Monitor asset strategies, provide project management, and review & track construction budgets while communicating progress with internal stakeholders.
Assist with and participate in due diligence efforts for newly acquired assets.
Oversight of sale processes, including buyer due diligence, contract negotiations, and closing activities.
Maintain ongoing communication with joint venture partners, 3rd-party partners, and internal stakeholders to ensure asset operations remain aligned with the underwritten business plan and communication of any variances to the original business plan.
Contribute to portfolio decision-making by developing cash flow projections and sensitivity analyses used in refinancing, supplemental loan, and hold-versus-sell assessments.
Partner with property management to review, refine, and approve annual operating budgets in support of asset strategy and performance objectives.
Evaluate actual asset-level performance against pro forma underwriting, delivering detailed variance analysis and recommending strategic adjustments to current execution and future business plans.
Oversee loan administration and covenant compliance, including reserve and loan draw management, monthly escrow administration, lender reporting, and fulfillment of all ongoing and initial lender requirements.
Manage the real estate tax appeal process, including litigation and mediation efforts, in coordination with external tax advisors.
Prepare and forecast property-level distributions, analyzing and communicating variances to internal stakeholders.