Director, Asset Management

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

This position is supervisory and has direct reports. This role is responsible for the overall management of multiple diverse asset management functions within Situs Asset Management (SAM). The incumbent is expected to mentor staff, develop and present solutions to address and resolve performance issues, and represent the company through client interactions. This position requires a strong command of loan underwriting and loan valuation as it relates to most property types with the ability to handle all transaction types without input from senior management. This position involves a high level of interaction and communication between management, SAM staff as well as clients and various third parties, ensuring SAM is meeting service level expectations.

Essential Job Functions:

1. Oversee staff assigned to perform periodic asset reviews, reserve and construction draw reviews and other credit functions related to asset management; determine servicing requirements and key requirements as needed.
2. Oversee asset management specific training for new hires and contribute to the design of content for continued education and required training hours for all asset management personnel.
3. Oversee task allocation and staffing utilization for all client dedicated and pooled asset management personnel to ensure equitable distribution of labor while maintaining a high level of quality deliverables to clients.
4. Ensure tasks assigned to asset management personnel are completed timely and adhere to all internal control requirements, audit standards and client requirements.
5. Ensure asset management personnel receive regular feedback on performance, goal achievement and professional development.
6. Possess Excel skills sufficient to perform vlookup, pivot and other functions to understand and reconcile data.
7. Demonstrate and encourage continuous process evaluation to identify ways to improve efficiency, productivity, and accuracy. Draft related processes and procedures as needed.
8. Relationship management with all clients and external parties. Manage client expectations, serve as primary point of contact for conflict resolution, process clarification and personnel issues; escalate to senior leadership where appropriate.
9. Identify and understand client’s scope of work and how SAM can add value to the client’s business strategies.
10. Ability to oversee all aspects of fieldwork as well as subject property’s competitive position and provide feedback to clients on findings and conclusions.
11. Analyze and interpret legal documents associated with asset management, including loan documents and servicing agreements.
12. Represent SitusAMC in resolving non-compliant issues through verbal and written communication with both internal and external parties.
13. Perform QC on completed work products and communicate feedback as needed.
14. Stay abreast of changes in industry standards.
15. Such other activities as may be required in the normal course of business, or as assigned by management.

Qualifications/Requirements:

1. Bachelor’s degree with a preferred field of study; Accounting, Finance, Real Estate, business or equivalent combination of education and experience.
2. MBA preferred
3. Minimum of 15+ years of industry and/or relevant experience, typically with 2+ years in an SVP level role or external equivalent
4. Proven experience in real estate, REO resolutions and workout strategies
5. Thorough understanding of real estate valuation methodology, analyzing income and expense rates, property valuation and leases for all commercial property types
6. Proven experience with tenant and borrower level credit overviews
7. High comfort level with use of various industry related software systems including Argus advanced functionality
8. Ability to multitask
9. Strong attention to detail and accuracy
10. Strong communication skills (written and oral)
11. Strong analytical abilities, good judgment, strategic and process thinking
12. Detail oriented
13. High degree of professionalism
14. Ability to work as a team player
15. Pro-active approach to problem recognition and resolution
16. Strong leadership skills
17. Ability to manage direct reports

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.