What are the responsibilities and job description for the REAL ESTATE ASSET MANAGER position at Ascendo Resources?

An established real estate company is seeking an Asset Manager to oversee a $500m portfolio of mixed-use properties!

This is an on-site opportunity in Miami, FL with an annual salary from $150-200K plus great benefits.

Responsibilities : Financial Management

Support, recommend and drive financial decisions. Maximize financial performance
Forecast financial performance
Prepare and review budgets (Operating and Capital budgets)
Conduct regular financial analysis to make informed decisions
Prepare presentations and monthly reports to ownership and partners / investors, as needed
Coordinate and facilitate lender compliance regarding debt covenants, providing financial information, monitoring the release of escrow accounts and maintaining compliant physical conditions.
Display understanding of cash balances and availability of funds for projects and cash flow management of operations and capital improvements.

Lease Administration :

Manage and oversee leasing agents and direct leasing strategy for properties.

Handle lease negotiations, renewals and terminations while maintaining strong tenant relationships and ensuring lease compliance.

Manage lease renewal strategy to meet or exceed proforma goals, considering local market conditions.

Monitor critical dates within assigned portfolio (lease expirations, renewals, loan maturity, etc.)

Operational Management

Manage and oversee the activities of property managers

Review and approve vendor contracts, as needed

Monitor key property metrics / matters (occupancy, rent collection, maintenance, legal matters, tenancy, etc.) and report to owner

Maintain strong tenant relationships

Visit and inspect properties (located within the State of Florida) on a regular basis

Identify opportunities for operational efficiencies to increase revenue or reduce expenses.

Develop action plans for under-performing assets, to improve performance.

Risk Management

Identify and manage risks associated with the portfolio, including security, insurance, environmental and regulatory compliance

Support insurance claims and litigation, coordinate lender inspections

Acquisitions / Dispositions

Support property acquisitions and dispositions.

Conduct market analysis and due diligence, as needed.

Manage the takeover of new assets and assure the smooth and successful transition into the portfolio

Position properties for disposition or financing, as applicable

Other

Establish key relationships (city, economic development, police, other property owners, brokerage community, etc.)

M-F schedule but ability to work flexible hours as needed or during emergencies.

Required Skills :

Bachelor's degree, preferably in real estate, business, finance, or accounting

5 years of experience in a similar role

Bilingual Spanish a must

Strong Excel skills

Argus a huge plus

Understanding of real estate principles and concepts

Excellent written and verbal communication skills

Ability to handle multiple properties and various asset types (retail, office, warehouse, multi-family)

Salary : $150,000 - $200,000

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REAL ESTATE ASSET MANAGER