The Director of Asset Management will play a critical role in shaping and executing the company’s asset management strategy. This position will involve developing and implementing processes that ensure asset optimization and long-term value creation. The ideal candidate will be relationship and community oriented and possess strong leadership skills, a strategic mindset, and a deep understanding of the real estate landscape, enabling them to refine practices that drive performance and align with the company’s vision.
AREAS OF RESPONSIBILITY
Portfolio Management
-Maintain familiarity with the portfolio’s properties, including financial structures, investment objectives, and key stakeholder interests.
-Oversee portfolio performance by:
- Analyzing financial reports and operational metrics regularly.
- Managing operating expenses across properties.
- Evaluating property performance against industry benchmarks.
-Develop tactical plans for each property with a proactive market approach by:
- Setting clear performance goals and KPIs.
- Adapting strategies based on market conditions and competitive landscape.
- Implementing best practices in property management and operations.
Strategic Asset Development and Risk Management
-Create and execute structured asset management plans by:
- Developing strategies for each property that align with overall portfolio objectives.
- Establishing clear timelines and accountability for each property, regularly reviewing and making adjustments as needed.
- Implementing processes for monitoring property performance to ensure consistent tracking and reporting.
-Develop short and long-term strategic plans for growth and sustainability by:
- Setting a vision for the portfolio aligned with market trends.
- Identifying areas for operational improvement and innovation.
- Building actionable steps for sustainability goals.
-Conduct market research to identify trends, opportunities, and risks by:
- Analyzing market data and economic indicators.
- Engaging with industry networks and attending relevant conferences.
- Utilizing insights to inform portfolio positioning.
-Identify and mitigate risks associated with asset management by:
- Conducting risk assessments for each property.
- Developing and implementing risk mitigation strategies.
- Ensuring compliance with regulatory requirements and industry standards.
Relationship Development and Engagement
-Communicate effectively with stakeholders and leadership by:
- Providing regular updates on portfolio performance and market trends.
- Crafting clear presentations and reports to convey strategic initiatives.
- Engaging with stakeholders to gather feedback and address concerns.
-Cultivate Internal Relationships by:
- Fostering strong collaboration across departments to enhance communication, streamline processes, and ensure alignment on strategic goals.
- Promoting cross-functionality that encourages interdepartmental teamwork and knowledge sharing with the goal of driving innovation and enhancing overall asset performance.
- Facilitating regular strategy alignment meetings, sharing insights and data to support decision making.
- Supporting team member engagement with programs that promote professional development and encourage a culture of collaboration and inclusivity.
-Engage external stakeholders by:
- Focusing on relationship development within the Greenville community, cultivating relationships with partners, community leaders, brokers and other real estate professionals to enhance visibility and support for the organization’s initiatives along with community engagement.
- Actively representing the organization at industry events and conferences, enhancing the company’s reputation and commitment to the Greenville community.
- Create and leverage a network of industry contacts to identify new opportunities and share best practices that can enhance the company’s brand and service offerings.
- Work closely with Chairman to share feedback and assess relationship effectiveness, identifying areas for further synergy.
-Champion strong organizational culture by:
- Ensuring alignment with core values of being team oriented, committed to quality, community centric, customer focused, passionate and accountable.
- Fostering an environment of trust, collaboration, and high performance.
Organizational Optimization and Effectiveness
-Strategic Partnership with the Chairman: Collaborate closely with the Chairman to identify key operational challenges and develop initiatives that drive efficiency and support organizational growth.
– Focus on process improvement initiatives by:
- Conducting comprehensive assessments of current workflows to identify bottlenecks, inefficiencies, and areas for streamlining operations.
- Researching and implementing industry best practices to enhance process effectiveness and foster a culture of operational excellence.
- Engaging team members across all levels to gather insights and feedback on existing processes, ensuring that improvements are practical and well-received.
- Developing and executing pilot programs to test new processes or tools, gathering data and feedback to refine and scale successful initiatives.
- Providing training sessions and resources to equip employees with the skills needed to adapt to new processes and technologies, enhancing overall competency and confidence.
- Establish clear documentation protocols for processes to ensure consistency, ease of training, and the ability to replicate successful initiatives across the organization.
- Set up regular review cycles to monitor the effectiveness of implemented changes, adjusting strategies as needed to ensure continuous improvement and alignment with growth objectives.
– Organizational Structure
- Clearly define roles and responsibilities across all levels of the organization to ensure accountability, streamline decision-making, and eliminate ambiguity.
- Design an organizational structure that supports scalability, allowing for easy expansion and adaptation as the company grows.
- Establish clear reporting lines and communication channels to facilitate efficient collaboration and information flow between departments.
- Implement succession planning and talent development programs to prepare emerging leaders within the organization, ensuring continuity and stability during growth phases.
- Create cross-functional teams to encourage collaboration on key projects, enhancing innovation and responsiveness to market opportunities.
– Systems Optimization
- Evaluate current systems and tools to identify opportunities for upgrades or replacements that can enhance efficiency and support scalability.
- Ensure that systems are user-friendly and designed with employee input, enhancing adoption rates and reducing resistance to new technologies.
- Establish a feedback loop for system users to continually gather insights and drive ongoing improvements, ensuring that systems evolve with the organization’s needs.
QUALIFICATIONS
Education, Experience and Skills:
- Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field; MBA or relevant professional certification (e.g., CCIM, CPM) preferred.
- 5+ years of experience in asset management, real estate finance, or a related field, preferably within a real estate investment or holding company.
- Proven track record in developing and implementing asset management strategies that drive performance.
- Strong financial acumen and experience with financial modeling, budgeting, and reporting.
- Excellent analytical and problem-solving skills, with attention to detail.
- Strong interpersonal and communication skills, with the ability to collaborate effectively with diverse stakeholders.
- Proficiency in Microsoft Office, real estate software and financial analysis tools.
Key Competencies:
- Entrepreneurial Spirit: Embodies a “whatever it takes” attitude, comfortable working on tactical initiatives as well as strategic.
- Building Mindset: Has proven history of developing effective and scalable operational processes and procedures.
- Data-driven Focus: Passion for numbers, analytics, and reporting, and can translate findings into action items with the ability to balance high level strategic initiatives with tactical, day-to-day responsibilities.
- Collaborative Nature: Team-focused attitude, utilizing a cross-functional approach with all stakeholders for the betterment of the company.
- Operational Efficiency: Possess strong planning and organizational skill with ability to effectively direct the organization’s strategic objectives.
- Pace: Ability to thrive in a fast-paced environment and rise to the occasion with challenges, playing a pivotal role in expansion.
