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Sr Associate, Asset Management- CBRE Investment Management

Location
Dallas, Texas
Job Type
Permanent
Posted
1 May 2022
Posted
15-Apr-2022
Service line
REI Segment
Role type
Full-time
Areas of Interest
Investment Management
Location(s)
Dallas - Texas - United States of America

JOB SUMMARY

The purpose of this position is to pro-active manage, exploit and (re)develop the assets within the allocated portfolio, in order to maximize the value growth of the allocated portfolio. If future sector specialist profile: usually responsible for complex portfolio with core+/value add asset characteristics or sizeable portfolios. If future management profile: job includes tasks to support HoAM or PM on portfolio level. E.g.: key tenant management tasks, valuations/ budget coordination, other minor management

tasks.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Defines and executes the business plan of the assigned assets in accordance with portfolio strategy.

Optimizes cash flow distribution through tenant management (selection, occupancy rate), securing rent levels and cash control.

Optimizes performance fees. Manages cost reductions.

Manages value growth through optimizing rental income (tenant selection) and lowering the risk profile. Is asset strategy responsible during asset transactions. If asset up for disposal, can be responsible for preparing phase (including data room, vendor due diligence etc).

Manages property strategy (marketing, property management). Extends, redevelops and repositions properties to increase (future) value. Identifies segmented tenant groups, acquires and retains selected tenants as long as possible.

Reports asset management part in reporting, together with property accountant / analyst.

Manages and evaluates (in cooperation with portfolio manager) the performance of the local Property Manager(s) and drives them to perform.

Uses/explores his local/country network for deal sourcing. Has an active role in processing in close cooperation - and under the supervision of - the transaction manager.

Provides input for property valuations process and carefully checks correctness of valuations.

Provides more specialized input on specific topics (i.e. May be expert in technical and or commercial matters etc.) and may manage a more complicated asset or portfolio. Provides input and presentations if necessary for key transaction processes and hold/sell analysis.

May have direct contact with separate account clients or investors.

Will provide assistance to but not directly supervise Asset Managers 1 and 2. Supervising analysts can be part of this role.

Performs other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal supervisory responsibilities in this position. Provides assistance and oversight such as guidance, and/or training to co-workers. Leads project teams and/or plan, and supervise assignments of lower level employees.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential

functions.

EDUCATION and EXPERIENCE

Undergraduate degree from four-year college or university plus a minimum of six years previous related experience required; or equivalent combination of education and experience. Postgraduate degree preferred.

COMMUNICATION SKILLS

Excellent written and verbal communication skills. Strong organizational and analytical skills.

Ability to make effective and persuasive presentations on topics to employees, clients, top management and/or public groups. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.

Good communication skills in English both written and verbal.

FINANCIAL KNOWLEDGE

Requires in-depth knowledge of financial asset and some portfolio terms and principles. Ability to calculate complex figures.

Ability to forecast review/prepare budgets and judge valuations.

Approves and oversees own sub portfolio budget.

Conducts financial/business analysis including the preparation of reports and presentations, including to investors.

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

SCOPE OF RESPONSIBILITY

Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause significant impact to client, co-workers, and supervisor.

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.
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Details

  • Job Reference: 579135333-2
  • Date Posted: 1 May 2022
  • Recruiter: CBRE
  • Location: Dallas, Texas
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent
  • Work Hours: Full Time