Asset Manager - REO (temporary)

We are looking to add a consultant to the Real Estate Asset Management team of our client, a leading commercial mortgage REIT.  The candidate will focus on overseeing a portfolio of REO assets located across the United States.  This role is initially being structured as a 3 month contract with the potential it could extend longer.

Location: Miami Beach, FL or Atlanta, GA

Job Duties and Responsibilities:

  • Oversee all aspects of the operations and financial performance of assets designated as Real Estate Owned (“REO”) within an assigned portfolio.
  • Establishing investment strategies and developing an action plan for the individual asset that mirrors the investment strategy.
  • Establish operational guidelines and measurable performance goals.
  • Contracting with management/leasing companies and other parties necessary to meet strategic and operational objectives.
  • Coordinating with other areas of the organization to facilitate the highest possible level of performance by the Asset.
  • Prepare annual business plans and quarterly loss projections for each REO asset.
  • Participate in the underwriting process for new acquisitions including review of all pertinent property information such as Phase I Environmental, Appraisal and Engineering reports, loan files, borrower documentation and site inspections.
  • Responsible for the marketing and selling of all REO assets within an assigned portfolio, including determining an appropriate marketing strategy, identifying potential buyers, creating marketing packages, negotiation with brokers/buyers, educating brokers on specific real estate properties, reviewing marketing proposals from each potential broker, analyzing sales options and closing deals

Knowledge and Skills:

  • Must possess diverse knowledge of all aspects of the real estate business including leasing, property/facilities management, asset management, construction, development and sales.
  • Working knowledge of computers and proficiency in Microsoft Office (Word, Excel) and real estate industry software (Argus).
  • Excellent verbal and written communication skills required
  • Analytical and problems solving; leadership; planning and organizing; and customer service skills
  • Independent reasoning and specialized proficiency with limited supervision are a must
  • Ability to travel when required

Education and Experience:

  • Bachelor’s degree with concentration in real estate or finance preferred.
  • Graduate degree in real estate or finance preferred.
  • A minimum of 5 years experience with regional or national real estate firm
  • CPA, CPM, RPA, CCIM preferred

Job Location: Miami, Florida, United States - United States, Georgia, Atlanta
Date published: 7-Aug-2018
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