DWS Group
Overview
Commercial Asset Manager
role at
DWS Group
Chicago Team / Division Overview
The commercial Asset Manager (AM) is an integral role within the Office & Industrial Asset Management Group. The AMs primary role is to add value to our clients office & industrial real estate assets by providing best in class asset management services. The AM will be responsible for a portfolio of 10 to 20 Class A office, industrial, and office & industrial flex assets (an approximate 3-6 Million sf NRA; 250 400 tenants) and will be an expert in their respective property markets. Role Details
Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices Oversee direct property management and leasing services for each asset Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion, and/or repositioning of the asset Understand competitive positioning relative to rents, lease terms and overall occupancy, and the means to maintain a competitive edge Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans for these activities to the respective Portfolio Managers are required Prepare quarterly reports that present property performance along with progress on strategic initiatives Bottom line responsibility for asset performance against the associated benchmarks Manage total capital improvements as a percentage of NOI at the respective properties Manage relationships with contract manager and joint venture partners and provide oversight Responsible and accountable for the accuracy of NOI, capital and cash projections Reviews monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements Assist Acquisitions Team with underwriting potential new acquisitions within your respective market Work with the ESG Team to find opportunities for green initiatives Actively involved in the valuation process by providing market intelligence on assumptions We are looking for
7+ years prior institutional level office & industrial real estate asset management experience College degree in Business Administration, Finance, Economics, Real Estate, or similar MBA preferred Skilled in leasing, property operations, project management, construction, negotiations, accounting and reporting with the ability to understand financial statements, investment pro-formas, IRR and NPV calculations and analysis Successful record of accomplishment in the execution of asset management strategies to achieve successful results while effectively managing risk Highly developed interpersonal, presentation and communication skills Strong business and financial acumen, with excellent organizational, problem solving, influencing and negotiating skills Experience with spreadsheets, Excel and word-processing Ability to travel What well offer you
At DWS were serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and its important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, youll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether youre interested in healthcare, company perks, or are thinking about your retirement plan, theres something for everyone. The salary range for this position in California is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidates skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration. At DWS, we recognize that our benefit programs have a profound impact on our colleagues. Thats why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more! Were adopting a Hybrid Working model to balance in-person collaboration and working from home. Details vary by business group and will be discussed during the application process. If you require adjustments to the interview process for any reason including disability or health conditions, please contact your recruiter for options. Privacy Statement The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS Privacy Notice. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Please view the Equal Opportunity Policy Statement and related notices linked in the job posting. We welcome applications from all people and promote a positive, fair and inclusive work environment. Note: This description reflects the current job requirements and may be subject to change. Not Applicable seniority. Employment type: Full-time. Job function: Finance and Sales. #J-18808-Ljbffr
Commercial Asset Manager
role at
DWS Group
Chicago Team / Division Overview
The commercial Asset Manager (AM) is an integral role within the Office & Industrial Asset Management Group. The AMs primary role is to add value to our clients office & industrial real estate assets by providing best in class asset management services. The AM will be responsible for a portfolio of 10 to 20 Class A office, industrial, and office & industrial flex assets (an approximate 3-6 Million sf NRA; 250 400 tenants) and will be an expert in their respective property markets. Role Details
Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices Oversee direct property management and leasing services for each asset Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion, and/or repositioning of the asset Understand competitive positioning relative to rents, lease terms and overall occupancy, and the means to maintain a competitive edge Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans for these activities to the respective Portfolio Managers are required Prepare quarterly reports that present property performance along with progress on strategic initiatives Bottom line responsibility for asset performance against the associated benchmarks Manage total capital improvements as a percentage of NOI at the respective properties Manage relationships with contract manager and joint venture partners and provide oversight Responsible and accountable for the accuracy of NOI, capital and cash projections Reviews monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements Assist Acquisitions Team with underwriting potential new acquisitions within your respective market Work with the ESG Team to find opportunities for green initiatives Actively involved in the valuation process by providing market intelligence on assumptions We are looking for
7+ years prior institutional level office & industrial real estate asset management experience College degree in Business Administration, Finance, Economics, Real Estate, or similar MBA preferred Skilled in leasing, property operations, project management, construction, negotiations, accounting and reporting with the ability to understand financial statements, investment pro-formas, IRR and NPV calculations and analysis Successful record of accomplishment in the execution of asset management strategies to achieve successful results while effectively managing risk Highly developed interpersonal, presentation and communication skills Strong business and financial acumen, with excellent organizational, problem solving, influencing and negotiating skills Experience with spreadsheets, Excel and word-processing Ability to travel What well offer you
At DWS were serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and its important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, youll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether youre interested in healthcare, company perks, or are thinking about your retirement plan, theres something for everyone. The salary range for this position in California is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidates skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration. At DWS, we recognize that our benefit programs have a profound impact on our colleagues. Thats why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more! Were adopting a Hybrid Working model to balance in-person collaboration and working from home. Details vary by business group and will be discussed during the application process. If you require adjustments to the interview process for any reason including disability or health conditions, please contact your recruiter for options. Privacy Statement The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS Privacy Notice. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Please view the Equal Opportunity Policy Statement and related notices linked in the job posting. We welcome applications from all people and promote a positive, fair and inclusive work environment. Note: This description reflects the current job requirements and may be subject to change. Not Applicable seniority. Employment type: Full-time. Job function: Finance and Sales. #J-18808-Ljbffr