Jun 13, 2024

Asset Manager II

$110,000 - $130,000 yearly
  • Lakeshore Management
  • 8800 Bronx Avenue, Skokie, IL, USA
Full-Time Administration Business Professional Services Real Estate

Job Description

SCOPE:

The Asset Manager will be an integral leader on the asset management team at a privately held real estate investment firm.  The role is responsible for managing a large portfolio of assets, optimizing value, and streamlining operational aspects of the business.  The ideal candidate will have at least 8-10 years’ proven experience in residential real estate, be individually proficient, and able to lead others.

RESPONSIBILITIES:

  • Strategy and Implementation.
    • Develop and execute comprehensive business plans to maximize property performance.
    • Collaborate cross-functionally to ensure stakeholders are aligned and goals are met.
  • Financial Review.
    • Generate and analyze monthly, quarterly, and annual reports to thoroughly understand asset performance, trends, opportunities, etc.
    • Provide analytical support and rationale for a variety of business decisions.
    • Assist with annual budgeting, semi-annual reforecasting.
  • Acquisitions.
    • Manage financial models used to underwrite new potential deals.
    • Oversee due diligence process once under contract to assess investment viability.
    • Ensure business plans are underwritten realistically and executed post-closing.
  • Development.
    • Manage the strategic direction on multiple development and expansion opportunities.
    • Coordinate efforts of development teams, engineers, attorneys, and other stakeholders.
    • Monitor and track progress from concept to entitlement to construction.
  • Market Research.
    • Oversee comprehensive analysis of market trends, rent comps, alternative housing, etc. to drive revenue strategies.
  • Personnel.
    • Oversee analyst(s).
  • Ad Hoc.
    • Other projects and assignments as requested.

QUALIFICATIONS:

  • Bachelor’s degree in Real Estate, Finance, Economics, or similar field.
  • 8-10+ years of experience, majority in real estate and/or Asset Management.
  • Highly proficient at achieving results and independently assessing opportunities.
  • Demonstrated ability to lead others, meet deadlines, synthesize takeaways.
  • Highest level of personal and professional integrity.
  • Excellent written communication skills.
  • Yardi or institutional software experience a plus.

 PHYSICAL REQUIREMENTS:

Frequently required to sit; Occasionally required to talk or hear; While performing the duties of this job, the noise level in the work environment is usually moderate; Occasionally required to lift up to 10 pounds.

 

COMPENSATION: $110,000 - $130,000/Yr (Based on experience)

 

LOCATIONS: Skokie Home Office - Skokie, IL

 

Lakeshore embraces Diversity and Inclusion, and is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify when applying. Lakeshore is drug-free workplace, for the purpose of workplace safety and health for all therefore, employment is contingent upon successful completion of a detailed pre-employment screening process. The pre-screening includes a national criminal background, drug testing, motor vehicle driving history, employment verification and if applicable a credit check. **No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.

 

Job ID: 30255

Occupations

Financial Control, Real Estate Leasing-Acquisition, Property Management, General-Other: Production-Operations, General-Other: Project-Program Management, Program Management, Project Management

States

IL

Salary

$110,000 - $130,000/Yr (Based on experience)

Security Clearance

NO Security Clearance

Job Requirements

PHYSICAL REQUIREMENTS:

Frequently required to sit; Occasionally required to talk or hear; While performing the duties of this job, the noise level in the work environment is usually moderate; Occasionally required to lift up to 10 pounds.


Apply Now