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Real Estate Asset Manager

Company: Nitya Capital
Location: Houston
Posted on: January 16, 2022

Job Description:

Nitya Capital is looking to hire an ambitious and proactive Asset Manager to join our Acquisition and Asset team. The ideal candidate will have prior experience managing their own Real Estate/Commercial assets.

  • Develop, implement, and monitor investment strategies for each asset
  • Work cohesively with in-house Property Management, Construction Management, and Accounting teams to execute investment strategies
  • Oversee the property management of each asset, identifying issues, and making recommendations
  • Conduct financial analysis to identify inefficiencies and value-add potential within our existing portfolio's operations
  • Review and analyzing monthly, quarterly, and annual performance of each asset
  • Analyze business plans and developing annual budgets for each asset
  • Provide oversight of leasing objectives, operating budgets, and capital projects
  • Prepare financial and operational reports for each asset in the portfolio
  • Maintain quarterly asset management reports which include actual vs. budget comparisons and narratives regarding changes in business plans and objectives
  • Recommend and refinancing asset debt (update loan packages, correspond with lenders, obtain third party inspection reports, etc.)
  • Drive analytics and tracking Key Performance Indicators for each asset in the portfolio on a regular basis
  • Develop a CapEx ROI analysis for each property under renovation
  • Monitor the asset renovation to ensure schedule, cost and return metrics are achieved
  • Provide hold/sell recommendations
  • Manage the disposition process (analysis, timing, strategy, preparation)
  • Conduct property level and submarket level due diligence
    • Real Estate Experience is required
    • Bachelor's degree in real estate, finance, math, business, economics, or accounting
    • Minimum 2 years of direct asset management experience in office and/or commercial real estate
    • Knowledge of financial concepts and real estate investment analysis
    • Strong analytical, quantitative, problem solving and communication skills
    • Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook)
    • Advanced proficiency with complex formulas in Excel (i.e. index match, lookups, IF statements, etc.)
    • Solid knowledge and experience with Macros and advanced Excel graphing (preferred)
    • Ability to travel for routine site visits, inspections etc.
    • Be self-motivated, have the ability to prioritize, meet deadlines, possess a great attitude, and work well in a team environment
      Physical Requirements / Working Conditions:
      • Willingness to travel (25% expected)
      • Open office environment

Keywords: Nitya Capital, Houston , Real Estate Asset Manager, Executive , Houston, Texas

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