East West Commercial Real Estate

Commercial Real Estate Asset Management / Asset Manager

East West Commercial Real Estate

Los Angeles / Orange County, CA

East West Commercial Real Estate is seeking an experienced Commercial Real Estate Asset Manager to join the firm’s Orange / LA County office.

Company: East West Commercial Real Estate is a preeminent real estate brokerage, asset management, lender services and capital firm in the western United States with offices located in California, Arizona, Nevada, and New Mexico.

Job Title:  Commercial Real Estate Asset Manager /Management

Position Summary:

The Real Estate Asset Manager is responsible for creating and overseeing the asset management and property acquisition for the firm.

Responsibilities:

• Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance
• Work closely with third party property managers and leasing agents to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals
• Negotiate third party contracts
• Manage cash flow, distribution analysis and investment projections
• Develop and distribute periodic asset management reports to investors, consultants and other partners
• Provide pre-acquisition input and assistance in due diligence process, including review of financial and operational assumptions, and supporting the effort of originating and negotiation of debt financing
• Model full life cycle financial analysis for each asset from acquisition through disposition.
• Manage coordination of post acquisition activities and integration of asset into the firm’s ownership portfolio
• Oversee asset disposition process
• Emphasis on rent collections and resident retention is essential.
• Responsible for the daily operation of properties.
• Manager must possess strong ability to pursue tenants and collect rents.
• Receive and review bids to ensure appropriate level of service at the most cost effective rates.
• Manager is responsible for duties such as completing lease paperwork, maintaining property records, preparing monthly reports, reviewing accounting data and processing work orders.
• Manager is also responsible for CAM estimates, reconciliations, tax billings, insurance billings and budgets. Manager should be knowledgeable of CC&R’s and lease administration.
• Manager is responsible to complete annual reconciliations and estimates inclusive of billings of common area maintenance charges and real estate taxes for each tenant, verifying exclusions, base year amounts, caps etc.
• Manager is responsible to ensures proper administration of leases, lease abstracts, amendments, and related correspondence during tenant occupancy; and computer entry of lease information to ensure correct rent roll data.
• Rent and other billings collections: Manager must possess strong ability to pursue tenants and collect rents. When necessary, draft and properly deliver Pay or Quit notices, work with attorneys to complete Unlawful Detainer actions and other legal requirements.
• Maintain properties in good order and condition: Manager must proactively maintain the real estate with proper inspections, coordinating and scheduling any necessary repairs and maintenance. Research various vendors to assess price and quality. Collect bids from contractors and prepare service contracts for ownership approval. Ensure proper insurance certificates are maintained from all vendors.
• Tenant Retention: Manager must establish and maintain tenant relationships. Answer tenant phone calls, letters and requests for information and repairs. Visit tenants, when on-site. Manager completes final walk-through of vacating tenants, prepares required forms and other necessary paperwork, obtains bids for repairs and completes repairs as required by ownership.
• Negotiate maintenance contracts with vendors: Receive and review bids to ensure appropriate level of service at the most cost effective rates.
• Administrative activities: Manager is responsible for duties such as completing lease paperwork, maintaining property records, preparing monthly reports, reviewing accounting data and processing work orders. Manager is also responsible for CAM estimates, reconciliations, tax billings, insurance billings and budgets. Manager should be knowledgeable of CC&R’s and lease administration.
• Annual CAM Reconciliations: Manager is responsible to complete annual reconciliations and estimates inclusive of billings of common area maintenance charges and real estate taxes for each tenant, verifying exclusions, base year amounts, caps etc.
• Rent Roll administration: Manager is responsible to ensures proper administration of leases, lease abstracts, amendments, and related correspondence during tenant occupancy; and computer entry of lease information to ensure correct rent roll data.
• Accounting functions: Ensuring all accounting functions, such as accounts payable and accounts receivable are properly completed in an efficient manner. Candidate must understate accounting reports, balance sheets, and other accounting statements, and must be able to understand tenant ledgers and a general accounting ledgers.
• Delinquency Reports: Notify clients regularly with delinquency updates. Pursue collections, bill late fees and provide recommendations for action to secure payment.

Requirements:

• BA/BS degree in Finance, Real Estate or related field with strong record of academic achievement with MBA preferred
• Minimum of 5 years of commercial real estate analysis/asset management experience with an emphasis in office, retail, apartment and industrial properties and markets. Experience in property management/leasing/operations desirable.
• The candidate must be strong in CAM’s, budgets & monthly reporting, with an understanding of the physical and financial aspects of the real estate.
• Proficiency with modeling investments in both Excel and Argus
• Solid analytical and organizational skills and ability to multi-task
• Highly-developed verbal and written communication skills
• Ability to work independently and as part of a team
• Proactive thinking with detail-oriented and creative problem solving approach
• Must possess a current California Real Estate Sales Person or Broker License
• CPM or like designation
• Handling of Distressed Assets with expertise in Receiverships, a plus.
• Strong networking & Business Development skills required.
• Candidate must understand accounting reports, balance sheets, and other accounting statements, and must be able to understand tenant ledgers and general accounting ledgers.
• Yardi software experience, a plus

Job Location: Orange County / Los Angeles, CA

Type of Industry: Commercial Real Estate

Contact Person:

Michael Duhs, Managing Director

Michael.Duhs@EastWestCommercial.com

www.EastWestCommercial.com

Send resume AND cover letter, along with picture to the email address above.