Asset Manager - Commercial RE

Buzz Oates; Sacramento (CA); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k) matching

Bonus program

Life insurance

Tuition reimbursement

Parking

Employee assistance program

Job summary

Buzz Oates in Sacramento, CA is seeking an Asset Manager to drive the financial performance of its real estate portfolio. The role coordinates across Property Management, Construction, Legal and Risk Management to align with ownership objectives and maximize NOI.

Responsibilities include developing business plans, annual budgeting, leasing and capital strategies, and investor reporting. Requires a CA Real Estate license and 5+ years in asset management or 10+ years in real estate.

Qualifications

• Bachelor's degree required; advanced degrees or specialized training are a plus.
• 5+ years as an Asset Manager or 10+ years of relevant real estate experience.
• Proficiency in financial and economic concepts; strong MS Office skills.
• CA Real Estate License required.

Responsibilities

• Develop and execute business plans for investments including budgeting, reforecasting, leasing, and cash management.
• Lead annual property budgeting and operating expense estimates.
• Oversee property-level financial operations including capex and tenant payables.
• Execute leasing initiatives and negotiate LOIs/leases; maintain strong tenant relations.
• Manage capital projects and tenant improvements with budgets and timelines.
• Conduct market research and coordinate with brokers on leasing/marketing.
• Prepare financial/investor reporting for stakeholders; support acquisition/disposition activities.

Skills

Financial modeling

Analytical thinking

Negotiation

Teamwork

Relationship management

Tenant relations

Education

Bachelor's degree

Advanced degree or specialized training

CA Real Estate License

Job description

The Asset Manager role drives the financial performance and strategic success of each investment. Representing ownership, the Asset Manager maximizes Net Operating Income through sound business strategies and risk underwriting. They coordinate across Property Management, Construction, Legal, and Risk Management to align with ownership objectives. Asset Managers also maximize the value, performance, and profitability of the company's real estate portfolio while maintaining strong relationships with clients, brokers, and market participants to grow the company's portfolio and industry presence.

ESSENTIAL FUNCTIONS:

• Develop and execute business plans for each investment, including budgeting, reforecasting, leasing, capital strategies, cash management, and CAM reconciliations
• Lead annual property-level budgeting, operating expense estimates, and reconciliations
• Oversee property-level financial operations, including capital expenditures, building maintenance, tenant payables, and invoice review
• Execute leasing initiatives, negotiate LOIs and leases to meet or exceed business plan metrics, and maintain strong tenant relations through lease administration and operational understanding
• Manage capital, shell construction, and tenant improvement projects, including budgets, timelines, construction administration, communications, and tenant alteration approvals
• Conduct market research and maintain industrial product knowledge to ensure competitive positioning, collaborating with brokers and internal marketing teams on leasing and marketing initiatives
• Prepare and deliver accurate financial and investor reporting for internal and external stakeholders
• Direct property acquisition and disposition activities, including underwriting, due diligence, market analysis, and Investment Committee Memo preparation
• Support training of new Asset Managers and Real Estate Analysts on systems, processes, budgeting, leasing, and department procedures to ensure consistency across the team
• Collaborate effectively with internal team members and departments and respond to ad hoc information requests in a timely and professional manner

Requirements

Bachelor's degree required; advanced degree or specialized training a plus

• 5+ years as an Asset Manager or 10+ years relevant real estate experience
• Proficiency in financial and economic concepts
• Training in accounting and company-specific software
• Strong working knowledge of Microsoft Office Suite
• CA Real Estate License

CORE COMPETENCIES:

• Integrity
• Analytical thinking & financial modeling
• Negotiation
• Problem-solving & multi-tasking
• Strategic thinking & scenario planning
• Teamwork & collaboration
• Relationship management with managers, vendors, contractors, and tenants
• Tenant relations & lease administration
• Market knowledge (comps, conditions, trends)
• High energy, self-directed work style
• Organization, task orientation, and adaptability in fast-paced environments

Benefits

Health, Dental, Vision insurance. 401K matching, bonus program, life insurance, tuition reimbursement, many voluntary benefit options, parking.

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Tuition reimbursement

Work Location: In person