Asset Manager - Real Estate

DWS Group (DWS) is one of the world's leading asset managers with EUR 902bn of assets under management (as of 31 March 2022). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

Overview

The commercial Asset Manager (AM) is an integral role within the Office & Industrial Asset Management Group. The AM’s primary role is to add value to our clients’ office & industrial real estate assets by providing best in class asset management services. The AM will be responsible for a portfolio of 10 to 20 Class A office, industrial, and office & industrial flex assets (an approximate 3-6 Million sf NRA; 250 – 400 tenants) and will be an expert in their respective property markets.

Your Key Responsibilities:

• Assist Acquisitions Team with underwriting potential new acquisitions within your respective market
• Oversee direct property management and leasing services for each asset
• Bottom line responsibility for asset performance against the associated benchmarks
• Prepare quarterly reports that present property performance along with progress on strategic initiatives
• Understand competitive positioning relative to rents, lease terms and overall occupancy, and the means to maintain a competitive edge
• Manage relationships with contract manager and joint venture partners and provide oversight
• Work with the ESG Team to find opportunities for green initiatives
• Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion, and/or repositioning of the asset
• Actively involved in the valuation process by providing market intelligence on assumptions
• Manage total capital improvements as a percentage of NOI at the respective properties
• Reviews monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements
• Responsible and accountable for the accuracy of NOI, capital and cash projections
• Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices
• Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans for these activities to the respective Portfolio Managers are required

Your Skills & Experience:

• Experience with spreadsheets, Excel and word-processing.
• MBA preferred
• Successful record of accomplishment in the execution of asset management strategies to achieve successful results while effectively managing risk
• College degree in Business Administration, Finance, Economics, Real Estate, or similar,
• Ability to travel
• Skilled in leasing, property operations, project management, construction, negotiations, accounting and reporting with the ability to understand financial statements, investment pro-formas, IRR and NPV calculations and analysis
• 7+ years prior institutional level office & industrial real estate asset management experience
• Strong business and financial acumen, with excellent organizational, problem solving, influencing and negotiating skills
• Highly developed interpersonal, presentation and communication skills

What we’ll offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center. You can expect:

• Health and Life Insurance Plans for you and your family
• Competitive Salary and Matched 401K Savings Plan
• Generous Paid Time Away plus Bank Holidays
• A range of flexible benefits including Retail Discounts, Commuter Discounts and Gym benefits
• Work/Life Balance Programs including Adoption/Surrogacy/Infertility Assistance, Backup Care through Bright Horizons, Phase Back to Work and Support for New Mothers
• The opportunity to support wide-ranging volunteer programs, + 1 day volunteering leave per year, matched personal donations to non-profit organizations dollar-for-dollar, up to $5,000

How we’ll support you:

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• Flexible working to assist you balance your personal priorities