Asset Manager

JLL

(Saint Paul, Minnesota)
Full Time Evenings Travel Required
Job Posting Details
About JLL
We’re JLL. We’re a professional services and investment management firm specializing in real estate. We help organizations around the world achieve their ambitions by owning, occupying and investing in real estate. We’re a Fortune 500 company. We work across 80 countries, in 280 different offices, with a team of over 60,000 individuals. And we look after a property portfolio of over 4bn square feet, all on behalf of our clients.
Summary
We are currently seeking an Asset Manager to join our Asset Management Team. The Asset Manager must demonstrate ability for details, organization and an analytical orientation, and possess the initiative to work in an independent and reliable manner. In this important role, you will provide exceptional service to our clients and proactively asset manage and perform timely duties for an assigned portfolio of multifamily and senior housing loans. The Asset Manager will ensure that properties are being properly maintained and operating at their highest possible level and report the status of real estate assets to management and makes risk mitigating recommendations based on research and experience.
Responsibilities
* Quarterly and annual review and analysis of property level operating statements * Perform annual property inspections nationwide (requires about 25% travel) and follow up on any deferred maintenance and other noted issues * Manage, lead, and mentor one or more assigned Asset Management Analysts and conduct annual performance reviews * Regularly assign risk ratings to properties using both an internal matrix and various agency guidelines * Draft action plans for properties that are performing below expectations making specific recommendations for improving property operations * Closely work with borrowers and management companies regarding any operating issues at the property including monetary delinquencies * Recommend transition to internal Special Asset Management when it is apparent that a property is headed towards default * Review and approve replacement reserve disbursement requests based on property condition and future capital needs * Process special requests such as easements, partial releases, management changes, condemnations, SNDAs, etc. * Identify and evaluate troubled markets and sub-markets and make risk rating adjustments accordingly * Oral and written communication with JLL management, agencies, borrowers, management companies, and investors * Seek out new business opportunities and sell JLL to potential clients while out in the field * Assist in developing and writing internal policies and procedures. * Other duties as deemed necessary
Ideal Candidate
**Qualifications Required:** * Strong leadership skills * Strong Microsoft Excel and Word proficiency * Strong math, verbal, writing, and organizational skills * Strong time management skills and ability to operate under demanding deadlines * Ability to multitask and work on several transactions simultaneously * Ability to recognize and mitigate risk * Excellent attention to detail * Ability to work independently and in teams * Ability to travel as needed **Physical Demands:** * Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complex, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend. * Travel shall include various modes of travels (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging. **Education:** * Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business) **Experience:** * Four years’ experience in multifamily and/or commercial real estate finance or property management.

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