Senior Associate - Asset Management
Senior Associate - Asset Management
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Overview
When you join Hines you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence earning us a spot on Fast Companys esteemed annual list of the Worlds Most Innovative Companies as well as recognition as one of U.S. News & World Reports Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.
Responsibilities
As the Senior Associatewith Asset Management at Hines you will serve as the primary owners representative and single point of responsibility with respect to each asset for which she or he is responsible and as such will provide leadership with respect to the asset management of existing and future properties. Responsibilities include but are not limited to:
- Act as the key interface between an assets owner (and lender where applicable) and Hines senior Regional personnel.
- Provide leadership and oversight for all aspects of selected existing properties performance.
- Develop short and long term strategies designed to maximize the value and tenant satisfaction of each asset.
- Monthly quarterly and annual property reporting required by Owner Lender and Region.
- Intercept and address daytoday and midlevel issues; communicate highlevel issues to owner and subsequently help owner address them.
- Create quarterly property valuation analyses for each asset. As part of this process perform market analysis and develop leasing objectives operating and financial budgets and operating/capital/redevelopment project plans.
- Monitor property operating and financial performance to ensure established goals and objectives are being achieved. Discuss material variances with Accounting functions; determine key drivers creating variances and appropriate corrective action to be taken to mitigate negative variances or changes in market conditions.
- Manage the leasing activity of certain properties to include creating lease analyses drafting proposals negotiating economic/legal terms and working closely with legal counsel in review of lease documents. Review and approve all applicable authorizations and lease documents prior to ownership .
- Manage the relationship with the actual tenants and potential ones. Focus on client relationship management.
- Review and approve pricing for capital/tenant improvement projects and contracting then ensure that financial controls are in place during construction including reserve draw procedures.
- Understand the current value and projected future performance of each asset; develop hold/sell recommendation in accordance with owners thesis for ownership.
- Provide support for capital transactions including refinancing. Work with Acquisitions and Development functions performing due diligence functions and integrating newlyacquired or developed properties into the portfolio.
- Manage the dispositions of the assets as agreed with the owners. Draw up the sales recommendations and look for the approval. Liaise with the different parties involved lawyers tax advisors brokers through the whole process until the closing.
- Serve as a team member of various project teams as required to facilitate company needs.
- Act as a team member with all Hines employees.
- Comply with all Hines policies and procedures.
Qualifications
Minimum Requirements include:
- Bachelors degree in business administration technical background or equivalent from an accredited institution; Masters degree preferred.
- Ten or more years of experience in the commercial real estate industry including at least five years of relevant asset management experience with responsibility for financial analysis leasing/marketing activity oversight disposition of assets and of strategic plans.
- Ability to work independently and needs a minimum oversight.
- Possess the highest degree of integrity.
- Excellent verbal and written communications skills.
- Excellent interpersonal skills.
- Ability to think creatively and contribute to project success.
- Ability to manage a variety of tasks within a tight time schedule.
- Ability to analyze real estate from a strategic point of view.
- Well organized with a strong attention to detail.
- Proficiency with Excel Word and Powerpoint. Argus valuation software is valuable.
Closing
At Hines we strive for excellence as a leading global real estate investment manager driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion of assets across such property types as living office retail mixeduse logistics and life science projects all designed to enhance value connection and inspiration. Our strategic approach integrates local expertise with global knowledge taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients needs.
While our projects are renowned for enhancing cities and pioneering sustainable practices we recognize that the true driving force behind Hines success is our 5000 dedicated employees in 30 countries who draw on our 65year history to build the world forward. This is why we prioritize investing in our people offering comprehensive training competitive compensation robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team we cultivate an inclusive environment where everyone including our clients can thrive.
Hines is proud to be named to Fast Companys prestigious annual list of the Worlds Most Innovative Companies for 2024. Includes both the global Hines organization and RIA AUM as of December 31 2023.
We are an equal opportunity employer and support workforce diversity.
No calls or emails from third parties at this time please.
Required Experience:
Senior IC
Employment Type
Unclear
