DIRECTOR, ASSET MANAGEMENT

Company: SitusAMC
Location: Lansing
Posted on: November 8, 2024

Job Description:

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local - come join our team!This position is supervisory and has direct reports. This role is responsible for the overall management of multiple diverse asset management functions within Situs Asset Management (SAM). The incumbent is expected to mentor staff, develop and present solutions to address and resolve performance issues, and represent the company through client interactions. This position requires a strong command of loan underwriting and loan valuation as it relates to most property types with the ability to handle all transaction types without input from senior management. This position involves a high level of interaction and communication between management, SAM staff as well as clients and various third parties, ensuring SAM is meeting service level expectations.Essential Job Functions:Oversee staff assigned to perform periodic asset reviews, reserve and construction draw reviews and other credit functions related to asset management; determine servicing requirements and key requirements as needed.Oversee asset management specific training for new hires and contribute to the design of content for continued education and required training hours for all asset management personnel.Oversee task allocation and staffing utilization for all client dedicated and pooled asset management personnel to ensure equitable distribution of labor while maintaining a high level of quality deliverables to clients.Ensure tasks assigned to asset management personnel are completed timely and adhere to all internal control requirements, audit standards and client requirements.Ensure asset management personnel receive regular feedback on performance, goal achievement and professional development.Possess Excel skills sufficient to perform vlookup, pivot and other functions to understand and reconcile data.Demonstrate and encourage continuous process evaluation to identify ways to improve efficiency, productivity, and accuracy. Draft related processes and procedures as needed.Relationship management with all clients and external parties. Manage client expectations, serve as primary point of contact for conflict resolution, process clarification and personnel issues; escalate to senior leadership where appropriate.Identify and understand client's scope of work and how SAM can add value to the client's business strategies.Ability to oversee all aspects of fieldwork as well as subject property's competitive position and provide feedback to clients on findings and conclusions.Analyze and interpret legal documents associated with asset management, including loan documents and servicing agreements.Represent SitusAMC in resolving non-compliant issues through verbal and written communication with both internal and external parties.Perform QC on completed work products and communicate feedback as needed.Stay abreast of changes in industry standards.Such other activities as may be required in the normal course of business, or as assigned by management.Qualifications/ Requirements:Bachelor's degree with a preferred field of study; Accounting, Finance, Real Estate, business or equivalent combination of education and experience.MBA preferredMinimum of 15+ years of industry and/or relevant experience, typically with 2+ years in an SVP level role or external equivalentProven experience in real estate, REO resolutions and workout strategiesThorough understanding of real estate valuation methodology, analyzing income and expense rates, property valuation and leases for all commercial property typesProven experience with tenant and borrower level credit overviewsHigh comfort level with use of various industry related software systems including Argus advanced functionalityStrong Excel skillsAbility to multitaskStrong attention to detail and accuracyStrong communication skills (written and oral)Strong analytical abilities, good judgment, strategic and process thinkingDetail orientedHigh degree of professionalismAbility to work as a team playerPro-active approach to problem recognition and resolutionStrong leadership skillsAbility to manage direct reports#LI-MS1 #LI-RemoteNote: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.The annual full time base salary range for this role is$120,000.00 - $280,000.00Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.Pay Transparency Nondiscrimination Provision (https://go.situsamc.com/rs/962-QMP-613/images/pay-transp_%20English_formattedESQA508c.pdf?version=0)SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.Know Your Rights, Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf)SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

Keywords: SitusAMC, Detroit , DIRECTOR, ASSET MANAGEMENT, Executive , Lansing, Michigan