The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Senior Associate/Vice President Asset Management

Senior Associate/Vice President Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Chicago
 IL
Postal Code
60607
Country
United States

This job is no longer active.

Description


People. Relationships. Technology.

 

These are the three pillars that have made our group among the fastest-growing industrial real estate private equity companies, and one of the 50 largest owners in the U.S.

People: We are constantly seeking driven and intelligent people to help facilitate our exponential growth. The people in our company feature a specific culture and DNA – We move fast, are very agile, but also very thorough and data driven. Working at Faropoint will be in a dynamic environment that would be exciting and highly beneficial for your career.  

Relationships: Our employees, partners, investors, and other stakeholders are always top of mind. Since we are consistently growing, there are always new opportunities for career advancement and new relationships to foster. The shoes that need filling just get bigger and bigger. All you need to do is demonstrate initiative and lead, and we will be right there next to you to support and help think through complex challenges. Within a relatively short period of time, you will witness that we trust your judgment to make big decisions on behalf of Faropoint and our business partners, as well as take charge of large projects and initiatives. That is the kind of relationship we have with our employees. We know our expectations are high, and we offer a competitive compensation package accordingly.

Technology: We continuously implement technological solutions to increase efficiency, transparency, and accuracy across our business units. Real Estate is considered a ‘conservative’ industry with common practices that do not always fit 21st century needs. Working at Faropoint will allow you to gain exposure to new, cutting edge technology tools that provide us the ability to run fast, streamline processes, and add value to all stakeholders.

The Faropoint Investments team is expanding, and we are looking for an ambitious and motivated Asset Manager to join us. Ideal candidate would have 2 – 5 years of Property and Asset Management experience, looking to expand their knowledge and experience to Real Estate Private Equity.

 

Responsibilities:

  • Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.
  • Model full life cycle of each asset from acquisition through disposition including investor returns under different scenarios. Lead the annual budget, business planning, and reforecasting process.
  • Assist with disposition, acquisitions and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing.
  • Assist with conducting transaction analysis and lead due diligence workflows for new acquisitions.
  • Lead existing tenant relationships on behalf of the company to ensure extraordinary service is being provided. Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms with high profile tenants.
  • Maintains properties by scheduling ongoing routine maintenance and enforcing rules of occupancy.
  • Assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations.
  • Create cash flow projections, analyze and recommend investor capital calls and distributions. Manage escrow accounts and operating cash accounts to assure they are properly funded.
  • Develop analytical tools to allow leadership to better understand the state of the portfolio and streamline work processes.
  • Lead H/R efforts for maintenance technicians and potentially a construction management division in the future.

 

Candidate Profile:

  • Ideal candidate would have 2-5 years of experience as a Property and Asset Manager for commercial real estate.
  • Experience with industrial assets (advantage).
  • Bachelor’s Degree in Real Estate, Finance, Accounting, or related field (advantage).
  • Knowledge of the Chicago market (advantage).

 

Key Skills & Abilities:

  • In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures.
  • Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups.
  • Strong analytical, accounting, and critical thinking skills.
  • High comfort level with the technology used to aid in collaboration, communication, and documentation.
  • Excellent written and oral communication skills.
  • Advanced knowledge of Excel including building templates for other users.
 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Asset / Portfolio Management Industrial Chicago Full Time IL Asset Management, Property Management, Due Diligence Senior Associate/Vice President Asset Management other