Asset Manager - Commercial RE

Buzz Oates

Sacramento (CA)

On-site

USD 90,000 - 130,000

Full time

14 days+

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Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401K matching

Bonus program

Tuition reimbursement

Voluntary benefit options

Parking

Job summary

Buzz Oates is seeking an Asset Manager in Sacramento, CA, to lead the financial performance and strategic success of investments. You will execute business plans, oversee budgeting, and manage property operations while maintaining strong tenant relations and preparing financial reports.

This role requires a Bachelor's degree, a Real Estate License, and at least 5 years as an Asset Manager or 10 years in real estate. The position offers a comprehensive benefits package including health insurance and 401K matching.

Qualifications

5+ years as an Asset Manager or 10+ years relevant real estate experience.
Training in accounting and company-specific software.
Strong working knowledge of Microsoft Office Suite.

Responsibilities

Develop and execute business plans for each investment, including budgeting and capital strategies.
Oversee property-level financial operations, including capital expenditures and maintenance.
Prepare and deliver accurate financial and investor reporting.

Skills

Analytical thinking & financial modeling

Negotiation

Problem-solving & multi-tasking

Market knowledge (comps, conditions, trends)

Education

Bachelor’s degree

CA Real Estate License

Tools

Microsoft Office Suite

Financial and economic concepts

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.

Qualifications