Asset Manager (Assistant Vice President)

AXA

  • New York City, NY
  • $140,000-160,000 per year
  • Permanent
  • Full-time
  • 1 month ago
Job PurposeResponsible for delivering best-in-class real estate asset management services to maximize property values with regard to AXA REIM’s existing and expanding US equity portfolio in accordance with the firm’s policies, regulatory requirements and its clients’ priorities and objectives.Key Accountabilities
  • Must be capable of independently managing a portfolio of institutional quality real estate investments to achieve budgeted NOI and other performance KPIs. Seek input from Head of Asset Management as required.
  • Maintain open lines of communication with client regarding management of their investments including the physical, financial, and leasing performance of the individual assets to ensure the successful execution of client objectives within the context of the firm’s investment management agreements and policies.
  • In coordination with accounting, operating partners and property management team members, prepare and oversee the execution of budgets and business plans for each property.
  • Maximize asset values through the application of active asset management (strategic planning, budgeting, leasing, capital improvement,financing and disposition) skills across our clients’ portfolios
  • Oversee the production of quarterly and annual asset management reports including the preparation of annual Hold/ Sell recommendations
  • Generate and deliver Fund Management, Valuation Committee and client presentations
  • Manage relationships with our clients’ joint venture partners (both investor partners and operating partners)
  • Manage third party service providers including property, leasing, development, tax consultants, construction and investment sales managers
  • Assist in the due diligence and transition of newly acquired assets or dispositions.
  • Provide material support in the new investment process by providing the acquisitions team with market intelligence in markets where managed assets are located.
  • Manage the relationship with Altus to oversee quarterly valuations.
  • Other tasks: Perform other tasks and projects as assigned from time to time
  • Work with insurance consultant to determine cost effective insurance coverage for all new and existing assets.
QualificationsRole RequirementsEducation/Qualifications
  • Undergraduate degree with concentration in real estate
  • MBA or graduate of higher level real estate program preferred, but not required.
Experience
  • 6-10 years experience in real estate asset management (office, industrial, multi-family, senior living, student housing and general market knowledge a plus)
  • Cross cultural work experience a plus
Knowledge and Skills
  • Strong working knowledge of Argus, Excel and Powerpoint
  • Able to generate and present investment committee proposals
  • Excellent analytical/ financial modelling skills
  • Strong presentation skills; oral and written
  • Spoken and written fluency in English required
  • Second European language a plus
Competencies
  • Rigorous, self-motivated, team player
  • Reliable and trustworthy
  • Organized and detailed oriented; ability to multi-task
  • Strong interpersonal skills
The pay range for this position is from $140 000 to $160 000. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.

AXA