Executive Director, Membership Strategy – Offering
Hearst Health
Managing Director, Asset Management
Bellwether
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • 🇺🇸 United States
Visit company websiteSalary
💰 $200,000 - $230,000 per year
Job Level
Lead
About the role
- Assist in the proactive monitoring and hands-on asset management of a portfolio of real estate equity and debt investments throughout the U.S. consisting of stabilized, value-add and ground-up development projects;
- Review and analyze business plans, construction budgets and schedules, property-operating performance and capital improvement projects;
- Review and monitor marketing and sales activity;
- Liaison with operating partners and leading members of the Client(s) to review business plan execution and drive asset/portfolio performance;
- Develop and maintain detailed asset-level cash flow reforecasting models;
- Guide asset management team in the maintenance of detailed models to monitor the performance of investments;
- Structure and implement various sensitivity analyses and stress tests at the deal-level to help guide clients in challenging strategic decisions;
- Work cohesively with the Bellwether construction management team, partners and applicable third parties;
- Underwrite a variety of asset classes using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling; and
- Demonstrate strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members.
- Involved with staff selection, interviewing and training as needed;
- Oversee the day-to-day workload and performance of direct reports, providing clear direction and support as needed to achieve work objectives;
- Ensure that direct reports understand their duties and delegated tasks;
- Monitor performance and development of direct reports and provide constructive and timely feedback and coaching;
- Work with direct reports to set individual goals and deadlines and conduct regular performance reviews aligned with performance review process; and
- Handle discipline of employees in accordance with company policy.
Requirements
- A minimum of 12 years’ related experience
- A minimum of 7 years’ management experience
- Similar positions in asset management, acquisitions or development of commercial multifamily assets preferred
- Industry experience yielding strong relationships and global understanding of investment dynamics and deal processes
- Bachelor’s degree required
Benefits
- Employer-paid Medical, Dental & Vision, with buy-up options available
- Flexible Spending Account, Health Savings Account
- Carrot Fertility Benefit - $10,000 lifetime benefit
- 401k company match 4%, immediately vested
- Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
- 14 weeks Maternity Leave & 12 weeks Parental Leave
- Wellbeing program offerings
- Cell phone reimbursement
- Engaging team events & holiday parties
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
asset managementportfolio managementcash flow modelingunderwritingsensitivity analysisstress testingbudgetingIRR modelingconstruction managementcapital improvement
Soft skills
leadershipmanagementmentoringcoachingcommunicationteam developmentperformance managementgoal settingdirection providinginterpersonal skills
