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

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.

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