MLG Capital · 1 day ago
AVP - Asset Manager
Brookfield,WI,US
Full-time
Onsite
Mid, Senior Level
5+ years expMLG Capital is a well-established real estate investment team with 37 years of experience. The Asset Manager will work closely with senior leadership to monitor and execute asset strategies, review financial performance, and manage pricing strategies among other responsibilities.
CommercialReal EstateReal Estate InvestmentService Industry
Responsibilities
Review and analyze monthly financial reports including rent rolls, income statements, balance sheets, budget comparisons, cash flow statements, and delinquency reports
Oversee and optimize pricing strategies across the portfolio by evaluating market conditions, occupancy and utilization trends, and revenue targets; and review lease trade-outs
Perform and document on-site property inspections. Report inspection results and make recommendations to senior management and property management
Monitor asset strategies, provide project management, and review & track construction budgets while communicating progress with internal stakeholders
Assist with and participate in due diligence efforts for newly acquired assets
Oversight of sale processes, including buyer due diligence, contract negotiations, and closing activities
Maintain ongoing communication with joint venture partners, 3rd-party partners, and internal stakeholders to ensure asset operations remain aligned with the underwritten business plan and communication of any variances to the original business plan
Contribute to portfolio decision-making by developing cash flow projections and sensitivity analyses used in refinancing, supplemental loan, and hold-versus-sell assessments
Partner with property management to review, refine, and approve annual operating budgets in support of asset strategy and performance objectives
Evaluate actual asset-level performance against pro forma underwriting, delivering detailed variance analysis and recommending strategic adjustments to current execution and future business plans
Oversee loan administration and covenant compliance, including reserve and loan draw management, monthly escrow administration, lender reporting, and fulfillment of all ongoing and initial lender requirements
Manage the real estate tax appeal process, including litigation and mediation efforts, in coordination with external tax advisors
Prepare and forecast property-level distributions, analyzing and communicating variances to internal stakeholders
Qualification
Required
5 – 7 years of prior experience in asset management, portfolio management, financial underwriting, or fund-level management involving commercial real estate. Less experience may be substituted for additional education and/or Certifications (i.e., MBA, MRE, CCIM)
Life-long learner with an entrepreneurial attitude
Superior interpersonal, written, and verbal communication skills
Strong organizational and time management skills
Detailed oriented self-starter with managerial skills
Ability to multitask, prioritize, and take directions from managers in different business units
Strong analytical skills and ability to learn quickly, achieve results, and excel in a fast-paced, deadline driven environment
Ability to work on a team, as well as independently, while driving multiple priorities and applying good judgement along with strong sense of self-motivation and direction
Smart, energetic, team player with a strong work ethic and commitment to excellence
Willingness to travel as required
Bachelor's Degree in Economics, Finance, Accounting, or Real Estate
Proficient in Microsoft Word, Teams, Excel, and Outlook
Yardi or similar accounting platforms experience
Ability to operate office machinery; including but not limited to telephone, computer, copy machine, fax machine, printer, and mobile phone
Preferred
Additional technical skills such as Python, Power BI, SQL, advanced Excel/VBA, ARGUS, or data visualization and automation tools are considered a plus
Company
MLG Capital
MLG Capital is a direct operator and private equity real estate investment firm that focuses on maximizing clients’ investment success.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Kelly Whetstone
Chief Compliance Officer and Associate General Counsel
Recent News
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