VP, Asset Management

Foundry Commercial; Dallas (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

A commercial real estate management firm in Dallas, Texas, is seeking an experienced Asset Manager. The role involves overseeing a portfolio of commercial assets, analyzing their performance, and managing the investment lifecycle. Candidates should have a degree in Finance or Real Estate and 7+ years of asset management experience, particularly in commercial office or industrial real estate. Proficiency in Excel and Argus is preferred. The firm values community, collaboration, and authentic experiences among its associates.

Qualifications

• Minimum of 7+ years of relevant asset management experience in commercial office or industrial real estate.
• Proven ability to analyze financial reports and variances.
• Strong organizational skills with the ability to multitask and meet deadlines.

Responsibilities

• Coordinate analysis of leasing proposals and capital expenditure projects.
• Monitor financial performance and present annual budgets.
• Manage quarterly valuation and re-underwriting processes.

Skills

Financial modeling

Communication skills

Project management

Customer service

Analytical skills

Education

Undergraduate degree in Finance or Real Estate

Tools

Excel

Argus

Job description

At Foundry Commercial, our motto is – “It’s Personal” – and rings true in everything we do… we value authentic human experiences. Here you will find a strong sense of community – from mental health & wellness fairs to ugly Christmas sweater parties to fundraisers for causes that matter to us, Foundry associates lean in to support one other at all times. At the heart of it all is trust and respect – ask any of our employees. We have built a place where people truly know each other, celebrate together, learn together, and live life alongside each other. Come join us!

Position Description

We are currently seeking an experienced Asset Manager to join our growing asset management team. This is an excellent opportunity for a motivated self-starter possessing strong financial skills, business acumen and leadership qualities to take ownership of a portfolio of commercial assets, working with the asset management team in analyzing, monitoring, and reporting on the portfolio’s performance to senior leaders in the organization. This role will be responsible for all aspects of the investment lifecycle including business plan development, leasing strategy implementation, property financials oversight, capital expenditure planning, and property disposition. Overseeing both wholly owned and joint venture investments, the role will have regular communication with portfolio managers, equity partners, leasing and sales brokers, property managers, and lenders to ensure the strategy for each property under their purview is being executed appropriately. Additionally, this person will work with the acquisition, development, and underwriting teams once a property has been identified and will provide support in gathering market information and due diligence items through the closing of a property.

Essential Job Functions:

• Coordinate the review and analysis of leasing proposals, capital expenditure projects, and major asset-level decisions with the leasing brokers, property managers, portfolio managers, partners, and lenders.
• Monitor and drive the financial performance of investments, which entails maintaining financial models, overseeing and presenting annual budgets while working closely with the property management and accounting teams, and raising awareness of performance concerns.
• Manage the quarterly valuation and re-underwriting process for each asset in your portfolio, as applicable.
• Review, analyze and reconcile monthly property financial statements; write standard monthly reports and maintain plans and actions.
• Update monthly cash flow analysis for each asset, monitoring leasing commissions, Tenant Improvement costs, capital expenditures and other operating expense items.
• Produce ad hoc analyses to evaluate the performance of assets.
• Analyze and identify opportunities for value enhancement, improving cash flow and reducing expenses within the portfolio, including capital expenditure programs, refinancings, and dispositions.
• Collect market data and conduct benchmarking analysis to assess the competitive position of the asset among the market.

Education and Experience Requested:

• Undergraduate degree in Finance or Real Estate preferred.
• Minimum of 7+ years of relevant asset management experience in commercial office or industrial real estate.
• Advanced knowledge of Excel required; Argus experience preferred.
• Understanding of accounting procedures and financial reports with ability to analyze variances.
• Excellent oral and written communication skills, good phone skills, organized, able to set priorities and meet deadlines, able to multitask, carefully proofs own work.
• Proven record of providing excellent customer service, both internal and external.
• Excellent interpersonal skills.
• Ability to develop and maintain positive customer relationships.
• Effective time manager – Proven ability to consistently manage multiple projects with accuracy and zero missed deadlines.
• High energy; fast-paced and driven to succeed. Keen ability to work efficiently autonomously or as a member of a team.
• Organized - Creates, implements, and utilizes efficient systems and methods to maintain a highly organized workspace and office.

Foundry Commercial is an Equal Opportunity Employer

Foundry Commercial is an equal opportunity employer and makes employment decisions on the basis of merit. We want to have the best available person in every job. It is the policy of Foundry Commercial to grant equal employment opportunities to all qualified persons without regard to race, color, creed, sex, religion, age, national origin, marital status, sexual orientation, citizenship, physical or mental disability that does not prohibit performance of essential job functions, veteran's status, or any other conditions or identifications against which discrimination is prohibited.