Asset Manager

About the Role:

We have an exciting opportunity for an Asset Manager with one of our key real estate clients, a stable and growing Bay Area company. This is a high-visibility role that plays a large role in the financial success of the company, especially in relation to properties in the San Mateo and Santa Clara Counties.

Since this is a high-visibility role, in addition to proper financial experience, you must have strong interpersonal communication skills and professionalism to use when interacting with internal and external stakeholders.

Location: Palo Alto, CA

Type: Fully Onsite

Top Requirements:

• 5 - 10 years of mixed-use real estate experience
• 5-7 years of proven experience in asset management
• Advance excel and institutional financial reporting experience
• Industry Accreditations Preferred (CCIM, etc.)

What You’ll Do:

• Oversee third-party and internal property managers, retail and office brokers, consultants and vendors regarding the development/execution of operating budgets, capital investment plans, and leasing/marketing plans, etc.
• Work with third party consultants for: real estate tax assessments, insurance, deferred maintenance, other capital needs, and telecom requirements.
• Negotiate common real estate contracts, including retail leases, loan documents, and property management/leasing agreements.
• Become the local expert in each market with a focus and knowledge of competitive residential/commercial/retail assets, current development pipeline, and other economic drivers that could impact asset performance.
• Manage the acquisition of the existing buildings and tenants/residents to ensure a smooth and successful transition with regards to relocation
• Review financial reporting and variance analyses and coordinate with accounting personnel to ensure that financial statements are accurately presented.
• Review and approve annual budgets, review monthly property reports, and participate in operations, leasing and capital discussions with property management and leasing teams.

What Else You’ll Bring:

• Bachelor’s Degree or equivalent professional experience
• Demonstrated experience in multifamily, commercial, and retail asset management and/or operations
• Knowledge of property valuation techniques and practices
• Experience with construction activities on managed assets
• Detailed understanding of the due diligence process; experience in real estate acquisitions is a plus.
• Proficiency in MS Office
• Proficiency with Argus, Yardi and Yield Star/AIRM software

Benefits:

• 401k 100% company match
• Full benefits paid for employee and additional family members

Pinpoint Talent provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Job Type: Full-time

Pay: $190,000.00 - $200,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Palo Alto, CA: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Microsoft Office: 1 year (Required)
• real estate: 3 years (Required)
• Asset management: 3 years (Required)

Work Location: In person

Salary : $190,000 - $200,000