MBK Real Estate Companies
Senior Director of Asset Management
MBK Real Estate Companies, Irvine, California, United States, 92713
MBK Real Estate (MBK) is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living, MBK Industrial Properties and MBK Senior Living, MBK Real Estate is renowned for building award-winning new home and apartment communities, state-of-art distribution facilities and for its reputation in providing exceptional high standards of service throughout its senior living communities.
MBK is a privately held real estate development firm with roots in the business dating back to 1996. MBK's extensive activities through its operating divisions, along with the size and scale of our development and building activities represent the continuation and commitment to American enterprise.
Job Description
MBK Real Estate is hiring a Sr. Director of Asset Management to join our Industrial Properties team at our Corporate Office in Irvine, CA! This role will be hybrid with 3 days in office and 2 days remote. Job Summary
Responsible for maximizing the financial performance of real estate assets by leading the company’s asset management, analytics and marketing efforts. In addition, oversee third-party property management company operational activities including, but not limited to, budgeting, forecasting, leasing, marketing, maintenance and capital improvement projects. Duties & Responsibilities
Oversee asset management of the Company’s portfolio of operating assets, maximizing financial returns. Aggressively and proactively review operating results to increase revenue and decrease operating costs. Review and execute on recommended increased operating efficiencies. Guide marketing activities based on budget, market and historical results. Oversee weekly calls with third party leasing and property management teams and update operational status reports. Lead the preparation of annual operating and capital budgets as well as monthly forecasts between property management and other departments. Travel to assets to lead property inspections to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation and any issues that may require additional action. Maintain quarterly/year-end fund level reporting for IRR/equity multiples, debt summary, and performance (as necessary). Provide benchmarks of asset performance versus competitive properties to executive leadership. Manage the analytics function of MIP, including the delivery of recurring weekly, monthly and annual reporting. Review reporting initiatives for efficiencies and value to the organization. Review and execute contracts, processes, reports, budgets, marketing material, and other related operational information. Participate in the creation of Board of Director slides each quarter and monthly operating reporting. Participate in the monthly operations summary report creation and presentation. Participate with due diligence on acquisitions such as market and rent studies and new investment submittal preparation. Attend industry conferences for market updates and vendor connections. Provide a high level of transparency to executive management and exhibit collaboration with all executives and staff within MBK Real Estate. Manage and develop a top performing team of professionals. Other duties as assigned. Education Requirements
Bachelor’s degree required; MBA preferred Experience Requirements
5-7 years of real estate experience with a focus on oversight of financial performance, property operations and development of new assets. Experience in real estate markets throughout the Western U.S. and Texas Knowledge and experience of financial proformas, due diligence, costs and management of apartment projects. Experience creating proforma assumptions and performing due diligence investigations, including market rent studies, other revenue and expense assumptions, purchase agreements, coordinating physical investigations and closing escrow. Experience overseeing the purchase and disposition of commercial real estate and property management. Strong financial planning skills, especially related to debt and joint venture relationships. Ability to maintain a positive reputation and an intimate knowledge of market conditions. Possess strong negotiating skills, business ethics and relationship management. Effective and proven leader and team manager. Understand the importance of creating and implementing business strategies. Required Competencies/Licenses/Certifications
Microsoft Suite competency. Computer skills include Excel, Word, Internet Explorer and Google Earth. Positive attitude and flexible personality. Physical Demands & Work Environment
Must be mobile and able to perform the physical requirements of the job, bending, kneeling, stooping, pushing, pulling and repetitive motion. Ability to sit and work at a computer for long periods of time. Able to move intermittently throughout the workday and between divisions. Ability to lift/carry up to 30 lbs. and push up to 20lbs. as necessary. Some travel required. Salary: $190,000-$210,000 + bonus We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members. MBK is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason.
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MBK Real Estate is hiring a Sr. Director of Asset Management to join our Industrial Properties team at our Corporate Office in Irvine, CA! This role will be hybrid with 3 days in office and 2 days remote. Job Summary
Responsible for maximizing the financial performance of real estate assets by leading the company’s asset management, analytics and marketing efforts. In addition, oversee third-party property management company operational activities including, but not limited to, budgeting, forecasting, leasing, marketing, maintenance and capital improvement projects. Duties & Responsibilities
Oversee asset management of the Company’s portfolio of operating assets, maximizing financial returns. Aggressively and proactively review operating results to increase revenue and decrease operating costs. Review and execute on recommended increased operating efficiencies. Guide marketing activities based on budget, market and historical results. Oversee weekly calls with third party leasing and property management teams and update operational status reports. Lead the preparation of annual operating and capital budgets as well as monthly forecasts between property management and other departments. Travel to assets to lead property inspections to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation and any issues that may require additional action. Maintain quarterly/year-end fund level reporting for IRR/equity multiples, debt summary, and performance (as necessary). Provide benchmarks of asset performance versus competitive properties to executive leadership. Manage the analytics function of MIP, including the delivery of recurring weekly, monthly and annual reporting. Review reporting initiatives for efficiencies and value to the organization. Review and execute contracts, processes, reports, budgets, marketing material, and other related operational information. Participate in the creation of Board of Director slides each quarter and monthly operating reporting. Participate in the monthly operations summary report creation and presentation. Participate with due diligence on acquisitions such as market and rent studies and new investment submittal preparation. Attend industry conferences for market updates and vendor connections. Provide a high level of transparency to executive management and exhibit collaboration with all executives and staff within MBK Real Estate. Manage and develop a top performing team of professionals. Other duties as assigned. Education Requirements
Bachelor’s degree required; MBA preferred Experience Requirements
5-7 years of real estate experience with a focus on oversight of financial performance, property operations and development of new assets. Experience in real estate markets throughout the Western U.S. and Texas Knowledge and experience of financial proformas, due diligence, costs and management of apartment projects. Experience creating proforma assumptions and performing due diligence investigations, including market rent studies, other revenue and expense assumptions, purchase agreements, coordinating physical investigations and closing escrow. Experience overseeing the purchase and disposition of commercial real estate and property management. Strong financial planning skills, especially related to debt and joint venture relationships. Ability to maintain a positive reputation and an intimate knowledge of market conditions. Possess strong negotiating skills, business ethics and relationship management. Effective and proven leader and team manager. Understand the importance of creating and implementing business strategies. Required Competencies/Licenses/Certifications
Microsoft Suite competency. Computer skills include Excel, Word, Internet Explorer and Google Earth. Positive attitude and flexible personality. Physical Demands & Work Environment
Must be mobile and able to perform the physical requirements of the job, bending, kneeling, stooping, pushing, pulling and repetitive motion. Ability to sit and work at a computer for long periods of time. Able to move intermittently throughout the workday and between divisions. Ability to lift/carry up to 30 lbs. and push up to 20lbs. as necessary. Some travel required. Salary: $190,000-$210,000 + bonus We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members. MBK is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason.
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