Real Estate Asset Manager

Overview

The Real Estate Asset Manager will be responsible for performing the day-to-day administration and management of the bank's corporate real estate portfolio including database administration, lease/purchase agreement negotiation and administration, evaluation and management of easement requests and condemnation notices.

This position ensures timely performance of lease and real property responsibilities. The Real Estate Asset Manager coordinates listing agreements for third-party brokers and valuations of bank property. Additionally, they assist with completing real estate research, analysis summaries and reporting. The role reconciles and processes rental income/expenses and processes wire transfers for real property purchases. Lastly, this position supports regular reporting and budget routines, research and reporting on budget variances and ensure the corporate real estate group operates within relevant governance/control procedures and processes.

Responsibilities

• Property Administration - Manages the daily administration of real estate interests and other real estate (ORE) non-Bank properties. Orders, collects, and monitors property acquisition due diligence items. Ensures documentation is recorded, and that property files are accurately maintained in the lease management system. Issues notices and requests related to real estate. Handles property owner's association duties.
• Business Support - Supports internal and external audits of CRE processes. Provides guidance on real estate-related matters such as tax appeals, title insurance, valuations, and property administration. Assists in the planning and execution of other department initiatives as needed.
• Property Finances - Tracks, pays and manages financial elements for Bank property, including related charges, tax appeals, and valuations. Investigates and reports on budget variances. Prepares analysis summaries for acquisitions and dispositions to ensure costs meet the contracted agreement. Support lease and purchase agreement negotiations.
• Portfolio Management - Manages lease performance including landlord and tenant lease responsibilities. Ensures data integrity in the portfolio management system. Assist with research and analysis on lease entitlements, ad-hoc property matters and M&A initiatives. Supports the review, referral, and tracking processes for broker assignments. Provides reports to management on portfolio status and profitability. Maintain Bank property insurance listing and valuation reporting.

Qualifications

Bachelor's degree in Business, Accounting or Finance with a minimum of 2 years of experience in Real Estate Acquisition, Disposition, Lease Administration or Commercial Property Management.

-Or-

High School Diploma with minimum of 6 years of experience in Real Estate Acquisition, Disposition, Lease Administration or Commercial Property Management.

Additional Requirements

• Proactive, reliable, action oriented and highly organized.
• Background in Corporate/CRE Audit preferred.
• Knowledge of MS office suite products with specific emphasis on MS Word, MS Excel, MS PowerPoint & MS Outlook.
• Must possess a valid driver's license. Position requires occasional travel to other offices, customers, providers, etc.
• Have a sound understanding of complex real estate terms, financial and legal concepts required.
• Commercial Paralegal experience preferred.
• Relationship and partnership building skills.
• Proven critical thinking and problem-solving skills.
• Property Accounting experience preferred.
• Corporate/Commercial Real Estate (CRE) experience required.