Senior Asset Management Director - Italy Real Estate

Hines; Lombardia; On-site; EUR 120,000 - 190,000; Full time

Job summary

Hines Milan office seeks a Director of Asset Management to oversee a diverse €8.0 billion portfolio across Italy. Reporting to the Managing Director, this role leads asset management, budgeting, leasing strategy, and value creation for acquisitions and existing assets.

You will manage teams, collaborate with internal/ external groups, and drive performance enhancements. Strong financial analysis and mentoring skills are essential.

Qualifications

• Bachelor's degree from an accredited institution required.
• MBA or Masters in Real Estate preferred.
• Eight or more years of real estate asset management experience.
• Experience leading/managing a team and mentoring team members.
• Supplemental experience in acquisitions, leasing, development, and/or property management.
• Ability to identify risks/mitigations and value-added opportunities, and make sound, long-term investment decisions.
• Strong negotiation, collaboration, and decision-making skills.
• Resourceful and independent in carrying out responsibilities and assignments.
• Enables success in both employees and peers through mentoring and coaching.
• Ability to perform complex financial analyses, understand and explain economic and accounting information, and prepare and manage operating budgets.
• Project management (budget, schedule, problem solving).
• Effective written and verbal communication skills.
• Proficient in Microsoft Office Suite.

Responsibilities

• Oversee creation of annual property business plans for each asset; perform market analysis and work with internal and external functions to develop leasing objectives, operating and financial budgets, and capital/renovation/repositioning project plans.
• Manage risk at all stages of the investment lifecycle – from acquisition and development through to stabilisation and exit – identifying potential vulnerabilities and implementing mitigation strategies.
• Manage the leasing activity of certain properties to include leasing agent selection and management rent setting strategy, commercial lease analyses, drafting proposals, negotiating economic/legal terms, and working closely with legal counsel in review of lease documents; review and approve all applicable authorisations and lease documents prior to ownership execution.
• Review and approve pricing for capital/tenant improvement projects and contracting, then ensure that financial controls are in place during construction, including capital draw procedures.
• Understand the current value and projected future performance of each asset and what property specific factors impact values; develop hold/sell recommendation in accordance with owner’s investment thesis; manage Analysts and Accounting teams to develop and maintain property discounted cashflow models and sensitivities, (e.g. Argus, Excel,).
• Facilitate broker selections, negotiate transaction documents for dispositions, manage the disposal closing process.
• Provide leadership and oversight for all aspects of property performance for the existing portfolio.
• Help in the management of the asset management team and work with property level teams to develop short- and long-term strategies designed to maximise financial value and occupier satisfaction of each asset.
• Collaborate with and challenge internal / external teams and operating partners, fostering a culture of accountability, transparency, and performance enhancement.
• Grow and elevate the team and be a mentor to younger employees.
• Support Acquisitions/Development functions by reviewing legal documents including purchase agreements, loan documents, conduct/coordinate due diligence.
• Interest in AI and its use in day-to-day management to ensure efficiency and effectiveness. The freed-up time should be used to improve quality and service.

Skills

Team leadership

Real estate asset management

Financial analysis

Negotiation

Budgeting

Microsoft Office

Education

Bachelor's degree

MBA or Masters in Real Estate

Tools

Argus

Excel

Job description

Hines Milan office seeks a Director of Asset Management to oversee a diverse €8.0 billion portfolio across Italy. Reporting to the Managing Director, this role leads asset management, budgeting, leasing strategy, and value creation for acquisitions and existing assets.

You will manage teams, collaborate with internal/ external groups, and drive performance enhancements. Strong financial analysis and mentoring skills are essential.