Associate Director, Asset Management

Company: SelectLeaders
Location: Newport Beach
Posted on: September 22, 2022

Job Description:

As one of the world's leading asset managers, we are solely dedicated to delivering an investment experience that helps people get more out of life. If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, explore your potential at Invesco. Job Summary:
The Asset Management Associate Director will actively work with the asset management team, reporting directly to the Managing Director, in the oversight and management of various real estate investments with the overall goal of optimizing asset values. While being primarily responsible for providing support and analysis for the western region portfolio, the Associate Director will be directly responsible for the daily operations and client deliverables for select assets, as directed. The Associate Director will also play a role in developing and executing on both portfolio and property specific strategies, evaluating operational performance against relevant industry benchmarks, analyzing capital investment decisions and how they impact value, and facilitating preparation of required reporting deliverables. Key Responsibilities:

• Drive investment strategy, value creation and outperformance through direct oversight of property operations, leasing and capital deployment.
• Measure and monitor asset performance against a variety of benchmarks including client objectives, pro-forma metrics, budget and market comparables.
• Develop and effectuate annual business plans through actively overseeing property management, leasing, accounting, legal, appraisal, tax, research personnel as well as third-party consultants.
• Maintain open and effective lines of communication with Portfolio Management regarding management of their investments including the physical, financial, and leasing performance.
• Work collaboratively with JV partners and service providers while best serving INVESCO's interests.
• Perform regular market visits and property inspections for assigned assets; travel required.
• Actively engage in the appraisal and internal valuation process to ensure accurate and timely feedback. reporting and communication formats, as well as staff development and team building.
• Support the broader INVESCO platform on potential new acquisitions and dispositions; collaboratively work with acquisitions, dispositions, underwriting, engineering, and closing groups on investment execution and due diligence.
• Review and approve the various documents pertaining to operating and marketing the assets, including management agreements, leasing agreements, service contracts, etc.
• Develop and maintain knowledge regarding capital markets activity in the region. Establish credibility as Invesco's regional expert.
• Develop and foster productive working relationships with property management companies, brokers, and industry peers. Experience:
  • 5 years of experience in the commercial real estate industry (or business-related activity) is required
  • Direct asset management and property level experience is a plus Skills Required:
    • Strong quantitative analysis skills. Ability to think and act strategically with experience analyzing leasing and investment decisions.
    • Broad understanding of the operational and investment fundamentals of institutional real estate.
    • Strong negotiation, analytical, written and interpersonal skills are essential. A self-starter with the ability to work independently.
    • Effective organizational and time management skills. Consensus builder possessing the ability to work in a team environment managing projects and influence other investment professionals.
    • High level of integrity.
    • Results oriented
    • Creative / innovative
    • High proficiency with Excel and Word. Knowledge of Yardi, Argus, Kardin, and VTS is a plus Formal Education:
      • Four year or equivalent undergraduate degree in Business or related field
      • A commitment to continued education in real estate will be encouraged Working Conditions:
        • Travel will be required for periodic asset management related property visits and select acquisition due diligence FLSA (US Only): Exempt The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
          
          All Invesco employees are subject to Invesco's COVID-19 VACCINATION POLICY FOR EMPLOYEES, which provides that employees must be fully vaccinated against COVID-19. An exemption may be granted based on a medical contraindication or sincerely held religious belief. Fully vaccinated means that an individual has received all recommended doses of a COVID-19 vaccine that has received Emergency Use Authorization or full approval from the U.S. Food and Drug Administration (FDA) and that it has been at least two weeks since the final recommended dose.
          
          Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.

Keywords: SelectLeaders, Newport Beach , Associate Director, Asset Management, Executive , Newport Beach, California