Director, Asset ManagementChicago, IL

LincolnChicago, IL, US

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Director, Asset Management

Based in Chicago and reporting to the separate account portfolio managers, the Director will have responsibility over all strategic, transactional, and operations issues for a to-be-determined portfolio of primarily office and industrial assets located across the United States.

Responsibilities :

Create strategic plans for each asset depending on the property's individual requirements including valuations, cash flow projections, review and approval of annual operating and capital budgets
Set, evolve, and execute redevelopment, leasing, and sale plans and direct all aspects of relationships with regional partners and providers of third party services including property management
Aggressively and proactively predict and respond to dynamic market conditions
Oversee the budget process for all assets under their management
Work closely with leasing staff, regional partners, and third-party contractors to structure, negotiate, review and execute leases within portfolio of assets
Monitor the overall performance of assigned properties against plan and budget
Plan for and anticipate the cash flow needs for the assets as well as the underlying investors, monitor cash in / out of property accounts, and oversee all draw disbursements
Provide high quality lender and investor reporting
Support the execution of acquisitions, financings, and refinancings as required
Continuously keep senior management, clients, and investors aware and up to date on evolving strategies and results
Provide strategic, investment, and analytical direction and oversight to regional partners, third party service providers, and internal company personnel in creating and executing asset and portfolio plans

Desired Competency, Experience and Skills :

Qualified professionals will have a minimum of seven to ten years of demonstrable success in the management of a portfolio of complex, diverse commercial real estate, including office, industrial, multifamily, and medical office. Additional experience in asset / portfolio reporting is strongly desired.

Proven track record of success and leadership, with past accomplishments clearly demonstrating a creative hands-on approach to, and understanding of, operations, leasing, development, capital markets, financing, marketing, investment, and ownership issues in managing challenging, "value-add" real estate properties

Ability to positively impact such factors in continually meeting and exceeding ambitious investment / return performance objectives

Proven experience successfully creating value at all phases of a property's life cycle, from acquisition through disposition is essential

Aptitude in reviewing and understanding sophisticated financial statements, leases and loan documents

Ability to effectively manage less experienced analyst and associate staff to optimize work production while providing a mentoring relationship

Managing and holding accountable regional partner relationships at both the development and operating levels is key

Be conversant with industry trends and competitor firms

A collaborative team player excelling in a professional environment characterized by empowered decision-making authority and a flat organizational structure

Strong computer skills including Excel, Word, and ARGUS

Good interpersonal instincts with the ability to constructively reconcile differences in a positive manner

Excellent oral and written communication skills

Unquestionable integrity and a strong work ethic

A bachelor's degree is required

All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.

By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with the companys privacy policy.

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Director Asset Managementchicago Il • Chicago, IL, US