Director, Real Estate Asset Management jobs in United States
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Fidelity Investments · 16 hours ago

Director, Real Estate Asset Management

Fidelity Investments is seeking a Director of Real Estate Asset Management to oversee a growing portfolio of commercial real estate assets. The role involves leading strategy and value creation, managing relationships with tenants and brokers, and overseeing acquisitions and capital projects.

Asset ManagementFinanceFinancial ServicesRetirementWealth Management
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Growth Opportunities
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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

Commercial real estate experienceAsset managementFinancial reportingBudgetingProperty operationsLeasing economicsTenant negotiationsLegal documentation understandingMulti-asset portfolio managementAcquisitions experienceArgusExcelYardi VoyagerMBAStrategic recommendationsRisk managementCommunication skills

Required

Bachelor's degree required, MBA preferred
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

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 Investments

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Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve.

Funding

Current Stage
Late Stage
Total Funding
$152.82M
Key Investors
Apple
2020-12-28Secondary Market· $2.5M
2018-01-14Secondary Market· $1M
2017-05-03Secondary Market· $12.5M

Leadership Team

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Abigail Johnson
Chairman & CEO
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Jeanmarie Ward
Senior Vice President of Architecture
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Company data provided by crunchbase