Fidelity Bank · 5 hours ago
Director, Real Estate Asset Management
Boston, MA
Full-time
Hybrid
Senior Level, Lead/Staff
$155K/yr - $210K/yr
10+ years expFidelity Bank is seeking a Director of Real Estate Asset Management to oversee a growing portfolio of commercial real estate assets. This role focuses on strategy, value creation, and managing relationships while ensuring alignment with fund objectives and overseeing new acquisitions and capital projects.
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No H1B
Responsibilities
Collaborate with cross-functional teams representing portfolio management, acquisitions, finance, legal, and capital formation to deliver on the performance objectives for each owned asset
Lead the annual budget and business plan formulation process for a given portfolio of assets; review monthly financial reporting and variance analyses
Participate in the selection and oversight of third-party property managers and leasing agents
Build critical tenant relationships and lead lease negotiations with support from legal
Evaluate capital projects through a risk-adjusted return lens and oversee, in conjunction with property managers, on-time and on-budget execution
Work with the acquisitions team on new acquisitions, providing critical perspective on underwriting assumptions, additional market knowledge, and connections to potential property managers and leasing brokers to confirm business plans
Consistently evaluate market conditions and asset performance to proactively manage risks and protect NOI
Manage regularly scheduled asset valuation, appraisal, and audit processes
Lead hold/sell and refinancing analyses
Monitor loan covenants, compliance and maturity profiles
Provide clear and timely communication to senior leadership team and alert them to potential deviations in asset performance
Qualification
Required
Bachelor's degree required
10+ years of commercial real estate experience, with the majority of time spent in an asset management role
Strong background in property operations, financial reporting, budgeting, leasing economics and tenant negotiations
Understanding of key legal documentation impacting real estate assets – tenant leases, property management agreements, joint venture agreements, loan agreements
Demonstrated track record of managing multi-asset portfolios and making strategic recommendations with respect to unforeseen property issues and value-enhancing opportunities
Proficiency in Argus, Excel and Yardi Voyager
Preferred
MBA preferred
Acquisitions experience is a plus
Benefits
Comprehensive health care coverage and emotional well-being support
Market-leading retirement
Generous paid time off and parental leave
Charitable giving employee match program
Educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Company
Fidelity Bank
Fidelity Bank is a commercial bank providing services financial sercvices.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2018-12-17Acquired
2014-09-01Private Equity
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