Asset Manager

The Alexander Company has an opening for an Asset Manager.

Description

The Asset Manager will be a crucial member of the Asset Management team, responsible for driving value by establishing and guiding asset investment strategies, investor reporting, financial forecasting and budgeting, valuation analysis, insurance policy management, and capital analysis for the company’s real estate portfolio. This role will involve working closely with a variety of team members to monitor operations, perform real estate analyses, create or review projections, send financial reports to related parties, and manage the internal insurance renewal process. The Asset Manager will oversee the Financial Analyst role.

Company Overview

The Alexander Company is a Madison-based real estate services firm that has earned national recognition specializing in urban infill development historic preservation, and affordable housing solutions. We have over 40 years of multi-faceted experience, overseeing the financing, design, construction, and property management of developments in-house for projects throughout the country.

Specific Responsibilities

• Be our main contact for insurance including managing annual renewals (for all real estate assets and GL needs), setting procedures for claims reporting internally, reviewing alternative ideas as they relate to insuring the portfolio
• In charge of financial reporting to investors, lenders, and other stakeholders on a regular basis and working with the Financial Analyst on submitting forms and answers
• Be part of the strategic team charged with analyzing and understanding operating performance and potential in our real estate portfolio
• Analyze property financials vs. budgeted standards on a regular basis and report relevant trends to senior management
• Review and challenge return performance of individual investments against original underwriting
• Manage coordination of disposition due diligence with property management, brokers, and third parties
• Review, analyze, and challenge investment underwriting and assumptions for all acquisitions
• Manage transition of assets from acquisitions to asset management and property management
• Support financing activities
• Support development activities
• Oversee the Financial Analyst role as a resource in external financial reporting

Required Qualifications

• Bachelor’s degree in business administration, finance, accounting, economics, or real estate from an accredited institution
• 5+ years of experience in real estate asset management, ideally with some LIHTC or multi-family experience
• Experience working on property and general liability insurance renewals
• Strong analytical capabilities and understanding of real estate debt and equity
• Excellent communication skills, both written and verbal
• Ability to research effectively
• Well organized with attention to detail and accuracy
• Problem-solver and learner seeking to contribute to areas beyond direct scope of responsiblity
• Independent and self-motivated, but able to function well in a collaborative environment
• Understanding of real estate documentation pertaining to ownership structures, legal contracts, accounting, and property operations
• Analyzes problems and makes sound decisions in a timely manner based on objectives, risks, implications, and costs
• Ability to work well with senior management, staff, and partners

Why The Alexander Company?

The Alexander Company was voted a Top Workplace for 2024 by the Wisconsin State Journal. We value quality relationships – our employees care about each other, and care about our partners. We understand the value of and appreciate work/life balance for our employees and promote this with competitive compensation and a generous PTO policy. People are our greatest assets and we place a great importance on employee growth, engagement, and well-being by providing a number of benefits:

• Half-day Fridays: the office closes at noon EVERY Friday
• Let’s Get Social: from holiday parties, to sporting events, to company picnics in the summer
• Dress Code: dress for your day
• Central Location: We’re centrally located at the Novation Campus on the south side of Madison – five minutes from downtown, 10 minutes from the east and west sides, and easily accessible from HWY 14 and the Beltline.
• The Usual Suspects: Ample PTO, HMO group health insurance with 85% of premiums covered and 75% of annual deductible (PPO group health insurance also available), dental insurance, 401(k) retirement plan with 2% matching, flexible spending plans for medical expenses, life insurance, and disability insurance.

To Apply

E-mail your cover letter and resume to Mary Cullen at mcc@alexandercompany.com.