Asset Manager

Hispanic Alliance for Career Enhancement; Detroit (MI); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Asset Manager to oversee a diverse portfolio of properties in Detroit and Cleveland. This role involves leading asset strategy, conducting financial analysis, and collaborating with various teams to optimize investment performance. The ideal candidate will have a strong background in real estate finance and asset management, with experience in multiple property types. Join a forward-thinking company committed to community development and innovative city-building initiatives, where your expertise will play a crucial role in shaping the future of urban landscapes.

Qualifications

• 5+ years of experience in real estate finance or asset management.
• Strong understanding of commercial real estate fundamentals.
• Experience with investment analysis and financial modeling.

Responsibilities

• Lead asset strategy with cross-functional teams to achieve goals.
• Conduct property visits to ensure strategy objectives are met.
• Provide analytical support for strategic business decisions.

Skills

Real Estate Finance

Asset Management

Investment Analysis

Financial Modeling

Communication Skills

Market Research

Education

Bachelor's Degree in Finance

CFA or CAIA Designation

Tools

Argus

Yardi

CoStar

Job description

About Bedrock

Bedrock is an award-winning real estate developer focused on comprehensive city building initiatives in Detroit and Cleveland. Its work includes creating iconic cityscapes, rehabilitating historic properties, and making space for the community-all with the philosophy to operate for more than profit.

Since 2011, Bedrock has invested and committed more than $7.5 billion to develop and restore more than 140 properties, totaling over 21 million square feet of office, retail, residential, hospitality, industrial, data centers and parking. In 2024, Bedrock was named one of the world's Most Innovative Companies by Fast Company.

For additional information about Bedrock, please visit bedrockdetroit.com or connect with us on Facebook, Instagram, LinkedIn and X.

Summary

The Asset Manager will be assigned a portfolio of approximately 15 to 25 operating assets that are part of the Bedrock Portfolio in Detroit and Cleveland, including office, retail, parking, multifamily, and industrial uses. The role is an in office based position in Detroit, MI. For those properties the Asset Manager will have responsibilities including, but not limited to, the following:

Responsibilities

• Lead and monitor the asset strategy with cross functional teams to achieve underwriting
• Coordinate and review annual property budget and asset strategies with various Bedrock Teams for Leadership approval
• Conduct regular property visits to ensure the asset strategy's objectives are being obtained and identify any new areas for opportunity
• Review monthly and quarterly property financial and variance reporting, and conduct periodic calls with property teams
• Manage communication amongst property-specific Bedrock Teams to assess and improve investment performance, and leverage pertinent information for investor reporting purposes
• Provide analytical support across functional teams for strategic business decisions including investment opportunities, operational savings, capital expenditures, and capital structure execution
• Work closely with Property Management Team to monitor tenant delinquencies and propose resolutions to Bedrock Leadership when necessary
• Work closely with Leasing Team to provide analytical support, including market leasing assumptions and analysis, operating expense estimates, and tenant financial evaluation that are aligned with the asset strategy
• Work closely with Development and Acquisitions Teams to provide support in underwriting, asset strategy creation, and due diligence to ensure a smooth transition into the operating portfolio
• Partner with Finance Team to successfully execute financing and refinancing of stabilized assets
• Maintain a current understanding of real estate and urban trends throughout the industry and country
• Complete responsibilities with little oversight or required direction
• Other duties as assigned.

Qualifications

• Bachelor's degree in finance, business, economics, accounting, real estate or a related field; advanced degree, CFA, CAIA, or similar designations a plus
• At least 5 years of experience in real estate finance, asset management, investing, consulting or another related financial services field
• Strong understanding of commercial real estate fundamentals and property operations
• Experience with Argus is required
• Experience with two or more property types, strongly preferred: office, retail, parking, multifamily, and industrial
• Experienced in investment analysis and financial modeling
• Experienced with real estate market research and relevant data providers (e.g., CoStar) a plus
• Experience with Yardi or similar real estate accounting is a plus
• Strong verbal and written communication skills
• Possess working knowledge of the challenges and opportunities in Detroit and Cleveland real estate markets
• Proven track record of high performance in prior work
• Possess creativity, independence, initiative, and high levels of integrity

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities and may be modified periodically.

DISCLAIMER

This job description should not be construed as an exhaustive list of duties and responsibilities performed by persons assigned to this classification. It is not intended to limit or in any way modify the right of any supervisor or manager to assign, direct and control the work of employees under his/her supervision. All principal duties and responsibilities of this position are essential functions of the position. Job descriptions are reviewed on a regular basis and may be revised at any time. Revisions will be communicated to employees within the classification. This job description does not constitute a contract of employment; therefore, the company may exercise its employment-at-will rights at any time.

Bedrock is an equal-opportunity employer.