Asset Manager

Kilroy Realty Corporation; Los Angeles (CA); On-site; USD 120,000 - 180,000; Full time

Job summary

Kilroy Realty Corporation in Los Angeles seeks a senior property manager with 10+ years of commercial real estate experience, including Class A office leasing, operations, and construction.

The role emphasizes asset management on behalf of institutional owners, with a focus on budgeting, variance analysis, and portfolio performance. Strong communication and financial skills, and CPM/RPA certification are highly valued.

Qualifications

• 10+ years in commercial real estate, leasing Class A office properties, operations and construction experience.

Responsibilities

• Develop a strong property management team with focus on career growth and succession planning.
• Oversee operating and capital budgets, reforecasts, and variance reports, with guidance from leadership.
• Ensure rents are collected timely and delinquencies are addressed appropriately.
• Monitor tenant deposits and letters of credit for lease compliance.
• Maintain Class A standards via regular site inspections and issue resolution.
• Support leasing efforts with tours, lease review, and market-ready improvements.
• Coordinate with Kilroy Construction on tenant improvements and base building work.
• Ensure accounts payable are submitted and closed timely and review final approvals.

Skills

CRE experience

Asset management

Operations know-how

Communication skills

Financial concepts

CPM/RPA

Education

CPM or RPA certification

Bachelor's degree

Tools

VTS

Excel

Job description

• 10+ years of experience in the commercial real estate industry with a diverse background covering both leasing Class 'A' office in the region, property operations, and construction.
• Candidate should have operations and asset management experience in Class 'A' office properties on behalf of institutional owners preferred.
• Well organized with attention to detail; follow through with assignments; must possess good verbal and written skills and be able to communicate effectively with employees, tenants, contractors, etc. Must be proficient with financial concepts and applications. Must be self-directed, motivated and creative in problem solving.
• Achieved or be in the process of certification as a Certified Property Manager (CPM) or Real Property Administrator (RPA), a college degree is highly preferable.
• Experience in dealing with municipalities and time spent on public facing committees preferred. Examples include local business improvement district, local chamber of commerce, etc.

Demonstrate expertise in commercial real estate financial management including budgeting, forecasting, variance analysis, accrual review, capital planning, financial reporting, CAM recoveries, lease economics, and portfolio performance analysis.

Summary of Responsibilities

An essential function of this position is regular and predictable attendance. The core responsibilities of this position include, but are not limited to the following:

• Develop a strong property management team, with a focus on team building, individual career growth, and succession planning. Provide training, mentoring and leadership to meet company objectives.
• Responsible for operating and capital budgets, reforecasts, and other reports as required. Review operating budgets for efficiencies and economies of scale, bidding out services as needed with oversight and guidance from SVP, Asset Management and VP, Asset Management.
• Guide Hollywood team to ensure rents are collected in a timely fashion and any delinquencies are addressed appropriately.
• Direct property management team to prepare and analyze recurring variance reports, providing support and guidance as needed.
• Oversee the management teams monitoring of tenant security deposits and letters of credit to ensure lease compliance.
• Ensurereports such as the tenant watchlist, sublease tracking report, Stevenson Plans, stacking plans and others are kept up to date as required.
• Perform regular site inspections and be responsible for immediate resolution of issues to ensure properties are maintained to Class 'A' standards.
• Assist the Regional Director and retail and office leasing teams with leasing efforts including leading prospective tenant tours, reviewing negotiated leases, gathering documentation for lease routing and execution, and execution of market ready improvement projects.
• Monitor options and encumbrances and work with the appropriate leasing team members to communicate with tenants as necessary or deliver the appropriate notices when required.
• Submit lease renewals and new lease deals in VTS for approval. Monitor VTS and collaborate with brokers to ensure that deals are being updated in a timely manner.
• Perform regular site inspections and be responsible for immediate resolution of issues to ensure properties are maintained to Class 'A' standards.
• Maintain excellent relationships with capital partners and participate in investor tours as requested.
• Responsible for tenant retention, including regular visits and communication with key tenant contacts. Guide the property management teams inorganizingtenant outreach and eventsas appropriate to optimize tenant experience at all properties.
• Partner with the Kilroy Construction Department on tenant improvements, alterations, and base building improvements.
• Guide the property management teams to ensure accounts payable are submitted and closed in a timely manner. Provide final review and approval as required.
• Ensure all properties are compliant with applicable code requirements and teams conductregular inspections, FLS training and drills as required.
• Monitor capital budgets, prepare and submit AFE’s as needed and ensure capital projects are completed in a timely and thorough manner.
• Work with the Kilroy Legal Department in the preparation of vendor contracts and tenant leases and license agreements.
• Meet with the Regional Director to review and report progress on all outstanding and ongoing tasks, projects, and property issues. Report issues requiring immediate attention in a timely manner.
• On an as needed basis, work with Kilroy Development team to provide insight, expertise, and support on any Hollywood based development projects or repositioning projects.
• Responsible for oversight of the Los Angeles Regional Security Operations Center (RSOC), which is based at Columbia Square. Act as the liaison between the Asset Management team and the VP of Security and Safety, providing RSOC updates and expanding scope as directed.
• Serve as a member of the Board of Directors for the Columbia Square and On Vine Associations, providing strategic oversight and leadership on matters related to shared facilities, operational budgets, capital projects, and owner obligations. Maintain a comprehensive understanding of Association Bylaws, CC&Rs, and governing documents to ensure proper administration of shared responsibilities between Kilroy and residential tower ownership entities.
• Responsible for attending recurring operations meetings with 3 rd party operators, providing guidance on capital and operating expenses as needed, and generally acting as the liaison for Kilroy’s Asset Management team.
• Partner with Kilroy parking team to provide periodic updates on general parking operations, revenue performance, and capital improvement projects. Generally responsible for monitoring outside parking revenue opportunities and maximizing parking revenue at each property.
• Participate as directed by the Regional Director in regional Leadership Meetings to develop and/or enhance the region’s best practices, operational efficiencies, team building, training and overall regional initiatives.
• Other duties as assigned.