Director/ Managing Director - Asset Manager, Real Estate
Phaxis, Town of Florida, NY, United States
The Asset Manager is responsible for overseeing the financial performance and strategy of a portfolio of commercial real estate investments. This role monitors property performance, works with property managers and brokers, and identifies opportunities to increase asset value through leasing, operational improvements, refinancing, or disposition.
Daily Responsibilities
- Monitor financial performance of assigned properties (NOI, occupancy, rent collections, expenses)
- Review property financial reports and compare performance against budgets and projections
- Work with property managers to improve operations and address performance issues
- Develop budgets, capital improvement plans, and cash flow forecasts
- Evaluate value-add opportunities such as renovations, leasing strategies, or repositioning
- Review and approve major lease transactions and tenant terms
- Prepare investor reports and portfolio performance updates
- Coordinate with lenders, brokers, attorneys, and other external partners
Requirements
- Bachelor's degree in Finance, Real Estate, Business, Economics, or related field
- ~5+ years of experience in commercial real estate asset management, investment analysis, or property management
- Strong financial modeling and Excel skills
- Experience with ARGUS Enterprise preferred
- Familiarity with real estate systems such as Yardi, MRI, or CoStar
- Strong analytical, communication, and stakeholder management skills