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The Assistant Vice President (AVP), Asset Management is responsible for leading and managing key asset management initiatives across the portfolio. This role includes oversight of financial forecasting, reporting, leasing, and strategic decision-making to drive optimal portfolio performance. The AVP collaborates with senior leadership to develop asset strategies and provide financial analysis to support investment decisions. The AVP also leads transaction management and market research efforts, while managing and mentoring a team of analysts and asset managers.
KEY RESPONSIBILITIES
- Strategic Asset Management: Develop and execute asset-level strategies to optimize financial performance, enhance value, and align with company growth goals.
- Financial Forecasting & Reporting: Lead the preparation and analysis of financial forecasts, budgets, and reports. Ensure accuracy in variance analysis, cash flow projections, and strategic planning.
- Lease Management: Oversee lease negotiations and strategies, ensuring alignment with asset performance goals. Lead complex lease administration tasks and maintain strong relationships with tenants.
- Transaction Management: Lead and manage property transactions, including leasing, acquisitions, dispositions, and financing. Assess risks, structure transactions, and ensure alignment with company objectives.
- Market Research & Analysis: Conduct in-depth market research and competitive analysis to inform asset strategy. Monitor market dynamics and industry trends to provide strategic recommendations.
- Team Leadership & Mentorship: Lead and mentor asset managers, providing guidance on financial analysis, property management, and strategic initiatives. Ensure efficient team operations and resource allocation.
- Capital Markets & Investment Analysis: Provide insights on capital markets and contribute to investment strategies. Use advanced valuation techniques to assess asset performance and ROI.
- External & Internal Communications: Serve as a key point of contact for partners, brokers, and tenants. Communicate asset strategies and decisions effectively to stakeholders.
- Collaborate across internal teams to ensure strategic alignment.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
Occasional travel may be required for site visits, meetings, or transactions.
MINIMUM REQUIREMENTS
- Experience: At least 7-10 years of experience in real estate asset management or finance, with a focus on managing teams and complex portfolios. Commercial real estate experience required. Medical Office, Office, or Retail asset classes preferred.
- Education: Bachelor’s degree in Finance, Real Estate, Business Administration, or a related field. A Master’s degree (MBA) is preferred.
- Skills: Strong proficiency in financial modeling, market analysis, and real estate financial software (e.g., Argus, Yardi).
Source: Welltower Career Page
