Manager of Asset Management

Commercial Real Estate - Manager of Asset Management Job Description (Exempt)

About Us:

Shin Yen is a premier commercial real estate company with an extensive portfolio of properties across diverse regions. Our unwavering commitment to excellence in property management, leasing, and investment drives our continued growth and success. As we expand, we are seeking an experienced and strategic Manager of Asset Management to lead our asset management team and oversee the performance and profitability of our shopping center portfolio.

Job Overview:

The Manager of Asset Management will lead the strategic and operational management of Shin Yen’s shopping center portfolio, with a primary focus on maximizing asset value, optimizing returns, and driving portfolio growth. This leadership role involves overseeing asset management and property management departments and collaborating closely with, leasing, accounting, and executive leadership to develop and execute long-term investment and asset strategies.

The ideal candidate is both analytical and entrepreneurial — capable of identifying opportunities for improvement, developing actionable plans, and leading their team to achieve company objectives.

Key Responsibilities:

• Lead and manage the asset management team, providing direction, mentorship, and performance oversight.
• Develop and implement asset-level strategies to enhance portfolio value and achieve financial objectives.
• Collaborate with executive leadership to set portfolio performance goals, investment strategies, and risk management frameworks.
• Identify opportunities for repositioning, redevelopment, or disposition of underperforming assets.

• Oversee financial performance of all assets, including monitoring rent rolls, budgets, capital expenditures, and operating expenses.
• Review and approve annual budgets and quarterly forecasts prepared by the property management team.
• Analyze portfolio performance metrics and provide recommendations to improve cash flow and ROI.
• Ensure accurate financial reporting, variance analysis, and benchmarking across the portfolio.

• Lead due diligence efforts for acquisitions, dispositions, and refinancing activities.
• Evaluate potential investment opportunities through market research, financial modeling, and underwriting.
• Prepare investment memos and present recommendations to the executive and investment committees.
• Collaborate with legal, finance, and external partners to structure and close transactions.

• Oversee leasing strategy and execution to optimize occupancy and tenant mix.
• Partner with leasing teams and brokers to identify tenant opportunities aligned with property positioning and company strategy.
• Review, analyze, and redline key lease documents, including new leases, renewals, and amendments, to ensure alignment with asset strategy, financial objectives, and company policies.

• Collaborate with property management to ensure properties are well-maintained, compliant, and aligned with asset strategies.
• Oversee capital improvement projects and approve significant operational expenditures.
• Ensure all assets adhere to regulatory, environmental, and safety standards.

• Oversee the preparation of asset management reports, dashboards, and performance reviews for senior management.
• Monitor market trends and assess their impact on portfolio performance.
• Identify and mitigate operational and financial risks across the portfolio.
• Implement and maintain crisis and contingency management plans.

Qualifications:

• Bachelor’s degree in Business, Finance, Real Estate, or related field (Master’s degree preferred).
• 7 years of progressive experience in commercial real estate and asset management, preferably with a focus on shopping centers or retail properties.
• Demonstrated leadership experience managing teams and multiple assets or portfolios.
• Strong financial acumen with deep experience in budgeting, underwriting, and investment analysis.
• Expertise in lease negotiation, tenant relations, and portfolio strategy.
• Excellent communication, negotiation, and presentation skills.

Job Type: Full Time

Pay: $120,000 - 125,000

Schedule:

• Monday to Friday
• No weekends

Work Location: In person