Vice President of Asset Management - Sunroad Asset Management, Inc.

Vice President of Asset Management - Sunroad Asset Management, Inc.

Job Description

Vice President of Asset Management – Sunroad Asset Management, Inc.

Exempt

Job Summary:

The Vice President of Asset Management is responsible for leading the strategic oversight, financial performance, and operational efficiency of a portfolio of assets. This executive role involves optimizing asset value, driving investment strategies, and ensuring profitability while managing risk. The VP collaborates with key stakeholders, including investors, property managers, and finance teams, to align asset management objectives with broader business goals.

Essential Functions:

• Travel 40-50 percent of the time to the properties to conduct site visits.
• Travel with little notice as needed for properties that may be underperforming.
• Develop and execute asset management strategies to maximize portfolio value and returns.
• Oversee the performance of real estate, infrastructure, or investment assets, ensuring operational efficiency.
• Identify opportunities for revenue enhancement, cost optimization, and risk mitigation.
• Lead capital investment strategies, renovations, repositioning, and disposition plans.
• Monitor financial performance metrics, including NOI, ROI, IRR, and cash flow projections.
• Prepare and review financial models, valuations, and asset-level business plans.
• Provide recommendations on potential disposition of assets to optimize the market timing and generate optimal returns.
• Conduct regular calls with lenders, investors and partners on asset performance.
• Oversee annual budgets, financial forecasting, and performance benchmarking.
• Collaborate with finance and accounting teams to ensure accurate reporting and compliance.
• Serve as the primary point of contact for investors, lenders, Management providers and key stakeholders.
• Present asset performance updates, financial reports, and strategic recommendations on a monthly cadence to senior leadership.
• Develop and maintain strong relationships with institutional investors, property managers, and joint-venture partners.
• Oversee leasing strategies to optimize occupancy rates and rental income and expense management in adherence to budgeted forecasts.
• Collaborate with leasing teams to negotiate lease terms and renewals and develop strategies to achieve the company goals.
• Ensure high tenant satisfaction and retention through proactive engagement and property improvements.
• Monitor market trends, economic conditions, and regulatory changes that impact asset performance.
• Present in front of investors, company directors and key stakeholders on the financial performance of the assets.
• Ensure compliance with legal, financial, and environmental regulations.
• Develop risk mitigation strategies for property liabilities, financial exposure, and market volatility.
• Review and ensure all financial reports are accurate prior to delivering them to investors.
• Involvement and oversight of timely execution of all capex projects.
• Holding regular meetings and ensure the timelines are being met.
• Lead and mentor asset management teams, fostering a high-performance culture.
• Provide guidance and training to analysts, managers, and other team members.
• Align cross-functional teams to achieve portfolio objectives.
• Maintain satisfactory attendance.
• Perform other related duties as assigned.

Supervisory Responsibilities:

• Hire and train department staff.
• Oversee the daily workflow and schedules of employees.
• Conduct performance evaluations that are timely and constructive.

Qualifications:

Minimum Qualifications:

• Bachelor’s degree in Finance, Real Estate, Business Administration, or a related field preferred.
• 10+ years of experience in asset management, real estate investment, or portfolio management.
• Strong financial acumen with expertise in valuation, investment analysis, and capital planning.
• Proven track record of managing and optimizing diverse asset portfolios.
• Proficiency in financial modeling, lease negotiations, and risk assessment.
• Experience with property management software (e.g., Yardi, MRI, Argus).
• Excellent leadership, negotiation, and stakeholder management skills.
• Ability to lift up to 15 pounds.
• Ability to perform all essential functions of the job description.

Preferred Qualifications

• CFA, CPA, or CCIM certification.
• Experience in REITs, private equity, or institutional asset management.
• Strong knowledge of sustainability and ESG (Environmental, Social, and Governance) initiatives.

Physical Demands:

• Frequently stands, walks, sits; uses hands; frequently reaches with hands and arms; frequently talks and hears.
• Occasionally climbs or balances; occasionally stoops, kneels, crouches, squats or crawls; occasionally lifts up to 15 pounds.
• Prolonged periods sitting at a desk and working on a computer.
• Office setting.
• Climate controlled.
• Noise level is quiet to moderate.

Employee Benefits Include:

• Medical Insurance
• Vision Insurance
• Employer Paid Life Insurance
• Employer Paid AD&D
• 401k (with Employer match)
• Vacation Package
• Tenure recognition and awards
• Vehicle Purchase Discount Program
• Vehicle Service Discount Program
• Golf Benefits at Maderas Golf Club (subject to qualification)

If you receive an offer of employment, it will be a conditional offer contingent on the successful completion of a pre-employment drug screen and background check.

Sunroad is committed to providing reasonable accommodations to qualified individuals with disabilities to ensure equal employment opportunities and access to all programs, services, and activities. If you require accommodations to participate in the application process or to perform the essential functions of the job, please contact the HR Department to discuss your needs confidentially. We will work with you to identify appropriate accommodations based on your specific circumstances and in compliance with applicable laws.

We are an Equal Opportunity Employer (M/F/D/V) and maintain a drug-free workplace.

Sunroad is an Equal Employment opportunity and affirmative action employer. We are committed to providing equal opportunity in all of our employment practices, including selection, race, religion, color, age, sex, sexual orientation, gender, gender identity, national origin, ancestry, citizenship status, veteran status, marital status, pregnancy, medical conditions related to pregnancy, childbirth, or breast feeding, genetic characteristics, genetic information, or any other protected status in accordance with the requirements of all federal, state and local laws. Our Equal Employment Opportunity Policy applies equally to interns and volunteers.

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