Director, Asset Management - CBRE Investment Management
Job ID
51393
Posted
12-May-2022
Service line
REI Segment
Role type
Full-time
Areas of Interest
Investment Management
Location(s)
Boston - Massachusetts - United States of America

JOB DESCRIPTION

CBRE Investment Management is seeking an Asset Manager to independently manage 6-9 multifamily assets in Core Strategies and Value Add funds.  Responsible to develop, implement and monitor progress of investment strategy for each asset throughout property life cycle, report progress to portfolio management team and assist acquisitions team with underwriting and due diligence review. 

RESPONSIBILITIES

Develop, implement and monitor investment strategy for each asset

Develop annual budgets and business plans

Prepare quarterly reports and review quarterly appraisals

Complete hold/sell recommendations annually

Develop and oversee implementation of capital plans for each property

Review monthly financial performance of each asset

Manage disposition process from BOV to closing

Analyze rental rates and market conditions; implement strategic marketing plan and monitor effectiveness

Support the Multifamily Acquisitions Team in the analysis of investment opportunities

Perform other projects and responsibilities as needed by the Americas team

QUALIFICATIONS

Bachelor’s Degree (industry certificates, designations and licenses a plus)

6-8 years of Multifamily direct asset management experience

High proficiency in MS Office Suite (Excel, PowerPoint and Word)

Strong analytical and problem-solving skills

Experience directing activities of third-party management providers

Initiative, leadership, team-building skills and ability to meet deadlines

Organized with ability to manage multiple tasks in a dynamic, team environment

Ability to travel to assets as needed

COMMUNICATION SKILLS

Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action. Excellent written and verbal communication skills in English.

FINANCIAL KNOWLEDGE

Requires in-depth knowledge of financial asset and portfolio terms and principles. Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures.

REASONING ABILITY

Ability to pro-actively solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic key asset/portfolio/management solutions. Draws upon the analysis of others and makes recommendations that have a direct impact on the client.

OTHER SKILLS and/or ABILITIES

Advanced computer software application (Microsoft Excel, Word, PowerPoint, Outlook, etc.) and Internet navigational skills.

Strong interpersonal and organizational skills with ability to manage multiple projects and type of clients simultaneously.

Proficiency with Argus AE software preferred

Being supportive to rise equity, pitch to clients and achieve (AM) mandates.

SCOPE OF RESPONSIBILITY

Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results.

Responsible for setting department deadlines.

Errors in judgment may cause significant impact to client, co-workers, supervisor, department and/or line of business.

CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.