Asset Manager

• Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition
• Direct and steer Property Management team to assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations
• Model full life cycle of each asset from acquisition through disposition including investor returns under different scenarios
• Assist with disposition and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing
• Assist with conducting transaction analysis and support due diligence for new acquisitions 

Financial Analysis, Oversight, and Investor Reporting

• Lead the annual budget, business planning, and reforecasting process for each asset
• Review monthly property management reports for variance against budget and strategy
• Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership
• Create cash flow projections, analyze and recommend investor capital calls and distributions
• Perform Argus valuations of each asset on a bi-annual basis
• Review third-party appraisals for accuracy and consistency
• Develop analytical tools to allow leadership to better understand the state of the portfolio
• Monitor and maintain compliance with all lender requirements
• Monitor timely payment of taxes and insurance premiums
• Monitor all escrow accounts and operating cash accounts to assure they are properly funded
• Review property manager operating expense and CAM reconciliations for  accuracy, and provide final approvals to PMs prior to sending out tenant letters
• Collaborate with other departments to improve and document processes and streamline reporting

Leasing

• Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms at or above proforma budget
• Review LOI’s and leasing documents
• Draft landlord work letters for leases to be approved by owner
• Review outside broker listing agreements
• Track ROFO’s and ROFR’s of existing tenants
• Work closely with property managers to transition new tenants into properties

R&M and Capital Improvements

• Forecast repair and maintenance budgets and oversee property management to implement a proactive and high-quality maintenance plan
• Develop capital improvement strategies, to be approved by owner, and oversee design and construction management activities
• Monitor construction progress and ensure TI and CapEx projects are closed out
• Negotiate third-party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio

Candidate Profile

Educational & Professional Experience Requirements

• 4-6 years of commercial real estate experience with a focus on asset management activities including leasing, financing, managing tenant improvements, capital investments, and dispositions
• Experience with urban and suburban office assets
• Bachelor’s Degree in Real Estate, Finance, Accounting or related field
• Knowledge of the Seattle, Portland, Salt Lake City, Denver and Boise markets is particularly useful

Key Skills & Competencies

• In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures
• Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups
• Strong analytical, accounting and critical thinking skills
• High comfort level with the technology used to aid in collaboration, communication, and documentation
• Excellent written and oral communication skills
• Advanced knowledge of Excel including building templates for other users. Argus, Yardi and Sharepoint skills strongly preferred

Culture

Our ideal candidate(s) will have a strong compatibility with Heartland culture in terms of intellectual curiosity, team-oriented nature, problem-solving capacity, desire to learn new skills as projects demand, a focus on high-quality work product, and ability to work in a fluid, fast-paced environment.

• High level of integrity
• Proactive self-starter with ability to both take direction and also set own action plan
• Ability to learn and adapt quickly
• Ability to manage multiple competing priorities and meet delivery deadlines
• Ability to work effectively both independently and within teams
• Ability to probe, ask the right questions, and dig beneath the surface to test the validity of information
• Ability to think critically, solve problems and make well-reasoned business decisions
• Strong work ethic
• Interdisciplinary capabilities
• Desire to work with clients
• Superior attention to detail
• Ability to focus on a variety of tasks simultaneously
• Strong self-motivation
• Team orientation
• Flexibility

Other Details

Reporting, Supervisory & Collaboration Responsibilities

• Reports to Senior Asset & Portfolio Manager
• Manages property-level teams, including third-party property managers, leasing brokers, etc.
• Collaborates with internal project teams
• Collaborates with client personnel

Travel

Travel required to appropriately cover the assets and the market.

Compensation

Market appropriate; experience and skills considered, comprehensive benefits package included.

Application Process & Contact Information

Applications shall include the following:

• Cover Letter
• Résumé