What are the responsibilities and job description for the Senior Asset Manager position at Propel Recruitment LLC?
Senior Asset Manager – Commercial Real Estate
Location: Peninsula, CA (100% Onsite)
About the Role
A well-established commercial real estate group, working in partnership with an external institutional client, is seeking a hands-on Senior Asset Manager to oversee a portfolio of commercial assets. This individual will drive strategic planning, budgeting, asset performance oversight, and long-term portfolio recommendations—including evaluating hold, develop, reposition, or disposition scenarios.
This is a highly visible, Hands-On client-facing role requiring strong communication skills, deep asset-level knowledge, and proficiency in financial modeling using ARGUS.
Key Responsibilities
- Develop, maintain, and present 5-year strategic plans for each commercial asset, outlining capital needs, risk factors, and value-creation pathways.
- Lead annual budgeting, quarterly forecasts, and operational oversight for the portfolio.
- Conduct detailed ARGUS and Excel modeling, including cash flows, valuations, lease-up scenarios, and sensitivity analyses.
- Provide actionable recommendations to the client regarding hold/sell decisions, redevelopment potential, repositioning opportunities, and market-driven changes.
- Oversee and monitor leasing performance, tenant retention, TI/LC strategies, rent rolls, and competitive market conditions.
- Prepare and deliver weekly client reports and presentations, communicating performance, risk, and strategic direction clearly and proactively.
- Support transaction processes and facilities managemeent needs
- Maintain a hands-on approach, ensuring accuracy of financials, assumptions, and supporting documentation across the portfolio.
Qualifications
- 5 years of asset management experience within commercial real estate (office, industrial, retail, flex, or mixed-use).
- ARGUS proficiency required
- Strong Excel modeling capabilities and financial analysis skills.
- Experience preparing and executing asset business plans and budgets
- Exceptional communication skills; must be comfortable engaging with institutional clients and presenting recommendations.
- Proactive, detail-oriented, and able to operate independently in a fast-paced environment.
- Bachelor's degree required
- Ability to work 100% onsite along the Peninsula.
What Success Looks Like
- Clear, data-supported asset strategies that enhance long-term value.
- Trusted advisory relationship with the client based on responsiveness, insight, and high-quality deliverables.
- Hands-on ownership of the assets—knowing the numbers, the tenants, the leases, and the opportunities.
Salary : $140,000 - $160,000