
Vice President Asset Management
Riverside Investment & Development Company, Chicago, IL, United States
Primary Report:
Executive Vice President Job Summary Riverside Investment & Development is seeking a full-time
Vice President–level Asset Manager
based in Chicago. This role will primarily focus on
office buildings
, with potential exposure to
multifamily and mixed-use properties
.
Key Responsibilities The Asset Manager will support the Executive Vice President and select capital partners in all aspects of
asset management, acquisitions, dispositions, financial decision-making, cash flow modeling, leasing strategy, investment analysis, negotiations, and legal documentation
.
Responsibilities Develop and implement
asset-level strategic plans Establish leasing objectives and guidelines; provide oversight of revenue management systems and strategies; manage the leasing process as needed for mixed-use assets and prepare recommendations for ownership Oversee
property-level operating activities
, including supervision of leasing agents and third-party property managers Direct the preparation of
monthly reporting, quarterly valuations, and cash flow forecasts Review and evaluate
prospective lease proposals Collaborate with and guide property managers in developing
operating budgets
, including capital and leasing plans Manage the
internal process for obtaining Investment Committee approval
for key decisions Participate in broader
management team strategic initiatives
at each property Manage
recapitalization efforts
and/or oversee the
disposition process
when assets are prepared for sale Oversee
property-level financings
and reporting with joint venture partners and lenders Lead
weekly and monthly asset management meetings Monitor
market trends and data
, including investment sales, lease comparables, and occupancy levels Lead the preparation of
quarterly asset management reports
for ownership at the property level Review financial reports to monitor performance and ensure investment objectives are achieved Lead
ownership and client presentations Manage
loan requirements and covenants
, including leasing conditions, future funding obligations, escrow reimbursements, and other lender requirements Review existing leases to analyze and determine
renewal strategies or potential modifications Monitor, manage, and coordinate
RIDC internal teams
(construction management, leasing, and financial analysis) Perform
special projects and additional responsibilities
as assigned
Qualifications 8–12 years
of commercial or investment real estate experience with asset management Strong office market experience required
, with multifamily or retail knowledge considered a plus Excellent
written and verbal communication skills Self-starter with strong
analytical, quantitative, and problem-solving abilities Strong
interpersonal skills
with the ability to interact effectively with both internal and external stakeholders Demonstrated ability to
lead, manage, and motivate junior staff, leasing teams, and analysts Ability to work effectively under pressure while managing
multiple competing deadlines Experience with
asset repositioning strategies
Skills Advanced proficiency in reviewing and analyzing
financial models in Excel and Argus Strong
organizational skills and attention to detail
, with the ability to manage multiple projects simultaneously Experience negotiating
leases and real estate legal documentation Strong sense of
initiative, accountability, and entrepreneurial mindset Ability to work
independently and collaboratively
in a fast-paced environment In-depth knowledge of the
Downtown Chicago office market
; experience in other markets is a plus
Executive Vice President Job Summary Riverside Investment & Development is seeking a full-time
Vice President–level Asset Manager
based in Chicago. This role will primarily focus on
office buildings
, with potential exposure to
multifamily and mixed-use properties
.
Key Responsibilities The Asset Manager will support the Executive Vice President and select capital partners in all aspects of
asset management, acquisitions, dispositions, financial decision-making, cash flow modeling, leasing strategy, investment analysis, negotiations, and legal documentation
.
Responsibilities Develop and implement
asset-level strategic plans Establish leasing objectives and guidelines; provide oversight of revenue management systems and strategies; manage the leasing process as needed for mixed-use assets and prepare recommendations for ownership Oversee
property-level operating activities
, including supervision of leasing agents and third-party property managers Direct the preparation of
monthly reporting, quarterly valuations, and cash flow forecasts Review and evaluate
prospective lease proposals Collaborate with and guide property managers in developing
operating budgets
, including capital and leasing plans Manage the
internal process for obtaining Investment Committee approval
for key decisions Participate in broader
management team strategic initiatives
at each property Manage
recapitalization efforts
and/or oversee the
disposition process
when assets are prepared for sale Oversee
property-level financings
and reporting with joint venture partners and lenders Lead
weekly and monthly asset management meetings Monitor
market trends and data
, including investment sales, lease comparables, and occupancy levels Lead the preparation of
quarterly asset management reports
for ownership at the property level Review financial reports to monitor performance and ensure investment objectives are achieved Lead
ownership and client presentations Manage
loan requirements and covenants
, including leasing conditions, future funding obligations, escrow reimbursements, and other lender requirements Review existing leases to analyze and determine
renewal strategies or potential modifications Monitor, manage, and coordinate
RIDC internal teams
(construction management, leasing, and financial analysis) Perform
special projects and additional responsibilities
as assigned
Qualifications 8–12 years
of commercial or investment real estate experience with asset management Strong office market experience required
, with multifamily or retail knowledge considered a plus Excellent
written and verbal communication skills Self-starter with strong
analytical, quantitative, and problem-solving abilities Strong
interpersonal skills
with the ability to interact effectively with both internal and external stakeholders Demonstrated ability to
lead, manage, and motivate junior staff, leasing teams, and analysts Ability to work effectively under pressure while managing
multiple competing deadlines Experience with
asset repositioning strategies
Skills Advanced proficiency in reviewing and analyzing
financial models in Excel and Argus Strong
organizational skills and attention to detail
, with the ability to manage multiple projects simultaneously Experience negotiating
leases and real estate legal documentation Strong sense of
initiative, accountability, and entrepreneurial mindset Ability to work
independently and collaboratively
in a fast-paced environment In-depth knowledge of the
Downtown Chicago office market
; experience in other markets is a plus