Receivership / REO Asset Manager - Cincinnati, United States - Prodigy Properties

    Prodigy Properties
    Prodigy Properties Cincinnati, United States

    Found in: Lensa US 4 C2 - 1 week ago

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    Description

    RECEIVERSHIP / REO ASSET MANAGER

    Prodigy Properties is currently seeking an asset manager responsible for overseeing a portfolio of distressed real estate. This position will be accountable for the oversight of the takeover, management, and disposition process of a variety of real estate asset classes including commercial, retail, multifamily and residential.

    Responsibilities

    • Oversee, maintain, and inspect all designated buildings and properties
    • Responsible for managing an effective takeover process of real estate properties which could include property preservation, winterization, and property assessments
    • Provide oversight of the property management function to ensure proper cost controls, capital improvement plans, lease administration, and reporting.
    • Create operating budgets and capital improvement budgets
    • Establish and maintain relationships with key tenants
    • Monitor key lease dates and review financial reports on a regularly basis
    • Evaluate collateral, review appraisals, and determine opinion of values for a range of real estate asset types
    • Develop strategies and effectively present recommendations in a clear, effective manner
    • Execute value-add tactics such as lease-up, renovation strategies, and reposition strategies
    • Prepare annual budgets and report on financial performance regularly
    • Prepare financial models for commercial income producing properties
    • Oversee the disposition of real estate which includes developing sale strategies,creation of marketing materials, and overseeing or direct negotiation
    • Effectively interact with clients and attorneys
    • Develop operating processes for staff
    • Manage on-site staff, property manager, vendor, and contractor relationships
    • Communicate business improvement opportunities and make recommendations to management

    Qualifications

    • Highly proficient in Microsoft Office
    • Must be able to understand, analyze, and process data efficiently
    • Strong interpersonal skills
    • Proven ability to comply with operational policies and procedures, codes, and regulations
    • Exceptional organizational, problem-solving, and interpersonal skills
    • Strong relationship management, negotiation, conflict resolution and problem-solving skills
    • Understanding of real estate capital markets
    • Prior experience in the receivership / REO industry, real estate development, or legal field
    • Experience with Rent Manager, Yardi, and/or Entrata preferred
    • Real estate license(s), preferred

    Requirements

    • 5+ years of directly related experience in real estate management, leasing, or sales
    • Bachelors degree in Real Estate, Finance, Business Management or a related field (or equivalent experience) preferred
    • Required to drive personal vehicle on company business
    • Required to physically tour and evaluate vacant and/or occupied properties
    • Occasional same day travel may be required

    We offer competitive wages, paid holidays, paid time off, and benefits package.