Assistant Asset Manager - Denver, United States - NexCore Group

Description

The role of Assistant Asset Manager is to assist in ensuring the optimal performance of an assigned portfolio of healthcare and life science real estate properties.

This is accomplished by implementing the owners strategic plan for each building property management, financial reporting, and ongoing administration of all relevant legal agreements.

Key Responsibilities

Assist in preparation of annual operating budgets and business plans for assigned properties to achieve investor return expectations and maximize cash flow and evaluate market conditions for each property and real estate investment climate.

Develop strategies to mitigate vacancy risk
Assist with the development and implementation of leasing strategies including identifying and contracting with brokerage agencies or directly leasing
Work with internal Design & Construction team on oversight of tenant finish coordination activities. Assure compliance with lease agreements, construction schedules, tenant expectations, lender requirements, and construction guidelines for the project
Review monthly operating statements for assigned properties; understand detailed line-item performance and reforecasts; take responsibility for each assigned asset and proactively raise and solve problems to meet or exceed performance targets
Prepare variance reports, cash distribution spreadsheets and quarterly reforecasts on assigned properties
Complete periodic owners reports and read, analyze, and interpret leases; including the ability to compare multiple lease scenarios based on several financial metrics including NPV, IRR, ROC
Evaluate, on a continuing basis, operating costs by monitoring each propertys performance and results against approved budgets, recommending necessary adjustments to achieve the scheduled cash flow or asset value objectives
Monitor third-party management contracts and performance under those contracts
Assist with property transitions from development into asset management
Other miscellaneous tasks as may be assigned
Assist in the acquisition due diligence process as well as with the transition of properties upon closing
Assist with any dispositions
Potential supervision of other employees and/or third-party managers
Lead bi-weekly property asset status operating calls with property managers
Work with property managers on capital improvements, reviewing progress, and correctly representing status on financials
Review CAM reconcilations
Prepare capital expense amortization schedules for various building improvements as allowed per leases

Skills, Knowledge and Expertise

Education:
Bachelor's Degree in accounting, finance, economics, real estate, business administration, or related field - Required

Work Experience:
4+ years experience with healthcare real estate and medical office building - Required

Skills:
Intermediate computer skills (Microsoft Office Suite, Adobe Acrobat)
Proficiency with Excel, MRI, Yardi
Analytical and organizational skills
Superior interpersonal skills
Excellent communication skills
Licenses and Certifications
RPA or CPM preferred
CCIM preferred
Real Estate License preferred

Benefits

Eligible for discretionary benefits:
performance bonus
Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-Term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits

Travel:
This position will not require any travel

Location:
Denver preferred; open to Texas, Boston, or Scottsdale


Disclaimer:
To All Recruitment Agencies

NexCore Group does not accept unsolicited third-party resumes.

NexCore Group knows that when we welcome different points of view, it makes us better, stronger, and moves us boldly forward in becoming a world-class company.

That is why were proud to be an Equal Opportunity Employer and encourage all qualified talent to apply. Your application will be reviewed regardless of race, religion, gender, sexual orientation, national origin, disability, age, or veteran status.
If you are interested in applying for a position with NexCore Group and need special assistance or an accommodation to use our website, please contact

About NexCore Group
NexCore Group develops healthcare facilities for hospitals, health systems and physicians. We solve complex real estate challenges through innovative building solutions and creative financial structures.

In a rapidly changing healthcare industry, NexCore has the superior expertise to deliver quality environments and flexible spaces that help grow your business, lower expenses and mitigate risk.

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