Apply on Employer Site

RED Development · 1 day ago

Sr Vice President, Asset Management

Phoenix, AZ

Full-time

Onsite

Director/Executive

8+ years exp

RED Development is seeking a Senior Vice President of Asset Management to provide strategic leadership and oversight across its portfolio. This role involves managing asset valuations, directing capital planning, and ensuring compliance while collaborating closely with various departments to drive asset performance and support organizational goals.

Commercial Real EstateProperty ManagementReal Estate

Responsibilities

Directly manages the following assets: CityScape (Phoenix), The Grove (Phoenix), The Union (Dallas), and the to be developed mixed use tower at Biltmore Fashion Park. Provides leadership support to Directors of Asset Management for remaining assets

Lead the development, review, and approval of annual business plans and operating budgets. Partner with the VP of Property Operations, General Managers, Property Accounting, and Leasing to ensure timely delivery and effective execution. Maintain ongoing visibility into asset performance through monthly and quarterly reviews, and lead quarterly performance meetings to evaluate results and refine financial projections

Provide executive direction for long-term capital planning, overseeing the preparation of 10-year capital replacement plans in collaboration with Property Operations leadership

Lead and mentor financial analysts and Asset Managers, ensuring sophisticated financial modeling, valuation work, and underwriting that meet executive standards. Maintain advanced proficiency in Argus and Excel to evaluate and validate complex financial analyses

Oversee quarterly asset valuations using internal financial performance data and third-party appraisals, ensuring accuracy, consistency, and alignment with market realities

Direct all reporting and communication with financial partners and lenders, ensuring full compliance with loan covenants and partnership agreements while maintaining strong institutional credibility

Provide executive oversight of insurance compliance, ensuring properties maintain appropriate and comprehensive coverage in partnership with the organization’s insurance representative

Oversee property tax strategy, including annual projections and appeal processes, in collaboration with RED’s tax consultant

Oversee tenant related litigation for collections and legal matters at the property level, ensuring they align with broader financial and operational strategies

Review all project related documentation to ensure adherence to loan documents, CC&Rs, and other governing agreements. Provide oversight of the lease abstracting process to ensure accuracy and completeness

Lead Asset Management’s support for financings, dispositions, and acquisitions by delivering timely, accurate, and well-organized materials essential to underwriting, due diligence, and closing

Contribute to and help drive the achievement of annual Asset Management departmental goals, working collaboratively across the executive team to advance RED’s strategic priorities

May supervise non-exempt, exempt or professional employees. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities may include recruiting, interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding, counseling and disciplining employees; addressing complaints and resolving problems