The Director of Portfolio Management (Asset Management) role is responsible for assisting the Portfolio/Asset Managers in the management of our properties in order to maximize financial returns (NOI & AFFO), improve quality and limit risk. This will involve a variety of special projects and tasks and include all properties and all funds.
Essential Duties and Responsibilities:
“Center Expert” on every asset within a region which will consist of a minimum of the following duties:
Site visits at least twice per year.
Annual dashboard information updates to include the following:
SWOT analysis.
Meetings with key brokers.
Conducting periodic interviews with PM and Leasing Agent.
Key tenant interviews at each center.
Anchor Updates (via feedback from the RVP of Portfolio Management).
Working with Research to obtain annual updates of:
Planned Grocery on all centers.
TD Linx Maps on all centers.
Demographic shift analysis.
Competition Set Analysis Traffic pattern shifts or proposed infrastructure changes.
Revenue Collection and Customer Solutions Team: Manage the Customer Solution Specialists within the region to proactively monitor payment status of our tenants and take necessary action steps to rectify each situation through collections, payment plans or eviction and replacement.
Lead a variety of special projects to include, but not limited to the following:
Post-acquisition follow-up on unique matters.
REA, Easement, and eminent domain issues.
Analysis and recommendations regarding Watch List tenants and those in litigation
Environmental matters.
Assist in the disposition process.
Work with Finance to better understand actual performance versus UW.
Case Studies on actual performance for presentations.
Communicate results of special projects with the Marketing department.
Coordinate and prioritize collection of tenant sales information.
Assist with analysis of lease deals.
Champion transparency of lease issues such as termination rights, kick-outs, and guarantee burn-offs.
Stay informed during the acquisition process of new assets within the region of responsibility. This includes attending Introduction and hand-off meetings as well as site visits to pipeline assets.
Education / Experience Requirements:
Bachelor’s Degree required, MBA preferred.
Commercial retail real estate experience required.
5+ years of experience; strong preference for a combination of operations, leasing, and finance experience.
Ability to understand NOI reports and spot anomalies that require further investigation.
Demonstrated ability to multi-task and handle multiple priorities, while managing established and aggressive deadlines.
Initiating and responding to change; demonstrated ability to identify, develop, and implement process/system improvements.
High sense of urgency and ability to work independently with a focus towards achieving milestones and delivering financial returns.
PC proficient (Microsoft Office with advanced Excel capabilities required).
Well-developed communication skills.
Ability to travel approximately 40% of the time.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
