Sr Asset Manager

Overview

Location:

Skokie, IL 60077 (Home Office). Hybrid – 40% Remote and 60% Office (subject to change).

Salary Range: $ - $ per year.

Position Type:
Full Time

Education Level: 4 Year Degree

Travel Percentage :
Negligible

Category:
Asset Management

The Senior Asset Manager reporting to the VP of Asset will be an integral leader on the asset management team. The role is responsible for managing the success of a large portfolio of assets and optimizing value. The ideal candidate has at least 10 years’ proven experience in residential real estate and can lead others.

• Strategy & Performance.
  • Develop, execute, and refine multi-year business plans.
  • Drive NOI growth through strategies related to rent, CAM-type charges, ancillary income, expense control, etc.
  • Evaluate and prioritize high-spend capex, such as major infrastructure upgrades, amenity improvements, etc.
• Partnership.
  • Act as the primary strategic partner to Operations / Property Management leadership.
  • Lead KPI-based discussions and manage Watch List of any communities falling behind targets.
  • Maintain several key external vendor relationships, including lenders, national vendors, tax consultants, etc.
• Financial Analysis.
  • Oversee value-add oriented financial analysis to recommend actions to senior leadership.
  • Oversee loan maturity and debt analysis, including ad hoc analysis such as defeasance.
  • Oversee real estate tax valuations and charges, including tax appeals with third parties.
  • Support processes for financing, refinancing, appraisals, etc.
  • Maintain awareness of macroeconomic and local market trends.
• Acquisitions.
  • Support due diligence, business planning, and post-closing execution.
• Leadership.
  • Mentor and develop Asset Manager(s) and Analyst(s).
• Ad Hoc.
  • Other projects and assignments as requested.

• Bachelor’s degree in real estate, finance, economics, or similar field
• Minimum 10 years of experience, majority in real estate and/or Asset Management
• Highly proficient in achieving results and independently assessing opportunities.
• Demonstrated ability to lead others, meet deadlines, synthesize takeaways.
• Highest level of personal and professional integrity
• Excellent written communication skills

• Treats everyone with respect, compassion and kindness – Builds internal respect and loyalty with customers. Demonstrates concern for customers. Effectively responds to customer needs. Includes responding timely to requests, listening to others, and seeking to understand others when there are differences of opinion, finding ways to build on each other’s ideas. Acts with empathy and focus, while able to resolve problems.
• Demonstrate integrity, transparency and doing things the right way – Makes lemonade out of lemons. Includes following policies, demonstrating financial responsibility with Lakeshore assets, complying with state and federal law, and practicing safety. Conforms to the highest professional standard. Turns challenges into wins.
• Collaboration and team work – Involve key stakeholders in decision making. Includes developing and maintaining positive work relationships. Enhances the level of mutual cooperation. Actively participates in team-oriented objectives and activities. Focuses on team success, over individual.
• Solves problems and is transparent about outcomes – Champions new initiatives beyond the scope of the department. Seeks to improve in all aspects of work performance. Creates an environment of continuous improvement and innovation. Encourages people to maintain high standards of quality and thoroughness.
• Serves our employees and residents to improve their lives – Includes maintaining the property that creates curb appeal, a welcoming community environment, supports individual and family activities, creates a sense of neighborhood. At work, continually challenges self to grow and develop to be the best you can be at work.

Frequently required to sit; occasionally required to talk or hear; while performing the duties of this job, the noise level in the work environment is usually moderate; occasionally required to lift up to 10 pounds.

$130,000.

- $/Year (Based on experience)

Skokie, IL (Home Office). Hybrid – 40 % Remote and 60 % Office (subject to change).

Lakeshore Management is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify when applying. Employment is contingent upon successful completion of background investigation. Lakeshore is a smoke-free and drug-free workplace for the purpose of safety and health.

Pre-employment drug screening is required. Only candidates whose profiles closely match requirements will be contacted during this search.