Asset Manager

Asset Manager

Location: New York City, full-time, in-office. Moderate travel to properties required.

Reports To: Senior Leadership

Position Overview

Summit Properties USA owns and manages a portfolio of 26 enclosed regional malls across the East Coast and Midwest. The Asset Manager will be responsible for a defined subset of these properties, serving as the primary point of accountability for each one. This is a high-engagement role requiring daily immersion in asset performance, operations, leasing, and financials. We are looking for a seasoned professional with genuine command of real estate fundamentals, strong financial acumen, and the discipline to manage a demanding portfolio with rigor and consistency.

Key Responsibilities

Asset Ownership & Strategy

• Serve as the internal expert on each assigned asset; maintain current, comprehensive knowledge of its performance, strategy, and risk profile at all times.
• Develop and execute annual business plans aligned with corporate objectives; monitor KPIs and lead corrective action when needed.
• Anticipate risks, plan for capital needs, and maintain a forward-looking perspective on each asset's trajectory.

Operations

• Maintain close, regular contact with on-site Property Managers; conduct property visits and ensure operational standards are upheld.
• Proactively identify operational issues, inefficiencies, and cost reduction opportunities; resolve them before they escalate.
• Oversee vendor and contractor relationships to ensure they deliver value to the portfolio.

Leasing

• Stay fully current on leasing activity at each property: occupancy, expirations, active negotiations, and market conditions.
• Collaborate with the leasing team and brokers on strategy, tenant mix, rental targets, and deal structure; evaluate deal economics in the context of asset goals.

Financial Management & Reporting

• Maintain full command of each asset's financial profile: NOI, expenses, capex, debt service, and variance analysis.
• Lead the annual budgeting and forecasting process; prepare regular performance reports and investment recommendations for senior leadership.
• Evaluate capital allocation decisions and support investment underwriting as needed.

Value Creation & Stakeholder Coordination

• Identify and pursue opportunities to enhance asset value through income growth, cost management, physical improvements, or repositioning; develop underwritten business cases for approval.
• Serve as the primary liaison between on-site teams and the corporate office; coordinate across finance, legal, leasing, and construction.
• Ensure approved projects are tracked and delivered on time and within budget.

Qualifications & Profile

• Directly relevant experience required. Prior background in real estate asset management, property management, or a comparable hands-on role. Experience across asset classes is a plus.
• Strong financial acumen. Proficient in budgeting, underwriting, NOI analysis, variance reporting, and investment evaluation.
• Value-oriented and disciplined. Thinks in terms of long-term performance and capital allocation; detail-oriented with consistent follow-through.
• Credible communicator. Effective with property managers, brokers, legal counsel, and senior executives.
• Minimum 4–6 years of progressive experience in real estate asset or property management. Bachelor's degree required.

Summit Properties USA is an Equal Opportunity Employer. We make employment decisions based on qualifications and merit and do not discriminate on the basis of any protected characteristic.