Vice President, Asset & Property Management
Req #: 0000167287
Category: Professional / Management
Status: Full-Time
Shift: Day
Facility: RWJBarnabas Health Corporate Services
Department: Plant Operations
Location: System Business Office, 2 Crescent Place, Oceanport, NJ 07757
Job Overview:
The Vice President, Asset and Property Management will be an asset and property management expert with a passion for customer service to both internal and external stakeholders. The role is responsible for managing the real estate acquisition process and overseeing a comprehensive plan to manage the assets after acquisition. This includes developing and implementing strategies to ensure the long-term financial health of the portfolio and supervising the day-to-day operations of the asset and property management department.
This individual will play a crucial role in maximizing the value of estate assets, ensuring operational efficiency, and maintaining high standards of tenant satisfaction. The VP of Asset and Property Management will supervise the off-site property management technicians as well as our outsourced third-party property management companies. The VP will partner closely with the Real Estate, Finance, and Accounting teams.
Reports to:
- The VP of Asset and Property Management will report to the Senior Vice President, Real Estate Development.
Qualifications:
- Bachelor's degree in Business, Real Estate, or a related field.
- A minimum of 10 years' experience in asset and property management with a track record of successful strategy development and implementation.
- Excellent written and oral communication and negotiation skills.
- Computer literacy and competence with property management software and databases.
- Superior organizational skills.
- In-depth knowledge of relevant regulations and compliance standards.
Essential Functions:
- Acquisitions
- Oversee the entire acquisition process through due diligence and closing to ensure a smooth transition in the asset management phase of the project life cycle.
- Strategic Asset Planning
- Develop and implement comprehensive asset and property management strategies aligned with overall organizational goals and objectives.
- Conduct regular assessments of the current portfolio and identify opportunities for growth or divestment.
- Financial Analysis & Management
- Analyze financial data related to assets, including performance metrics, cash flow, and return on investment.
- Oversee budgeting, financial analysis, and reporting for the department, ensuring cost-effectiveness and profitability.
- Manage audit requests from all funding sources and syndicators in partnership with the finance department.
- Risk Management
- Identify and assess potential risks associated with the asset portfolio and property management activities.
- Develop risk mitigation strategies to protect the organization's investments and financial interests.
- Team Leadership
- Lead and mentor a team of asset and property management professionals (staff and outsourced property management companies).
- Stakeholder Communication
- Communicate with internal and external stakeholders, providing regular updates on performance and strategies.
- Maintain a strong working relationship with tenants and ensure property-related matters are addressed in a timely manner.
- Work with program staff and other internal/external stakeholders to strike a balance between effective property management and quality services for clients.
- Compliance and Regulations
- Ensure compliance with local, state, and federal regulations and industry standards.
- Tenant Relations
- Establish and maintain positive relationships with tenants, addressing concerns and ensuring high levels of tenant satisfaction.
- Vendor Management
- Oversee relationships with third-party vendors and service providers to ensure quality and cost-effective services.
- Technology Integration
- Stay abreast of industry trends and integrate relevant technologies to enhance asset and property management processes.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Additional Information:
Benefits and Perks:
At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees' physical, emotional, social, and financial health.
- Paid Time Off (PTO)
- Medical and Prescription Drug Insurance
- Dental and Vision Insurance
- Retirement Plans
- Short & Long Term Disability
- Life & Accidental Death Insurance
- Tuition Reimbursement
- Health Care/Dependent Care Flexible Spending Accounts
- Wellness Programs
- Voluntary Benefits (e.g., Pet Insurance)
- Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more!
Choosing RWJBarnabas Health!
RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time.
RWJBarnabas Health is an Equal Opportunity Employer
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