Pittsburgh
Job Description Company Overview The Buncher Company (TBC) is a Pittsburgh based real estate investment firm with a regional scope that develops, acquires, and manages stabilized, and value add commercial and residential properties. TBC currently has nearly 8-million square feet in assets under management and is rapidly growing its portfolio. Position Summary The Asset Manager will be responsible for overseeing the performance of a portfolio of real estate assets, developing and executing strategic plans to maximize value, and ensuring all properties meet financial and operational objectives. This role requires a blend of financial acumen, strategic thinking, and hands-on property-level oversight. The ideal candidate will be a proactive problem-solver with a deep understanding of the real estate lifecycle, from acquisition to disposition. This role will report to the Vice President of Asset Management. Strategic Asset Management • Develop and implement comprehensive asset-level strategies, including hold/sell analyses, capital plans, and market positioning., • Collaborate with executive leadership to develop business plans, objectives, and investment strategies for the portfolio., • Lead the preparation of annual business plans and budgets for each asset., • Conduct financial modeling, valuation analyses, and performance monitoring for existing assets to forecast and optimize asset returns., • Identify and assess strategic opportunities for value creation, such as redevelopment, repositioning, change of use and decreasing expenses., • Analyze market trends, competitive landscapes, and economic conditions to inform strategic decisions., • Leverage technology to increase revenue or decrease expenses at both the corporate and property levels, collaborating with the IT team to identify, evaluate and implement.Property-Level Asset Management, • Work closely with property management team to ensure efficient day-to-day operations and maximize profitability., • Monitor property performance against budget and business plan goals, identifying and addressing variances to optimize returns., • Collaborate with property management to establish revenue, expenses, NOI, capital expenditure budgets, and the subsequent rent lift aligned with the overall business plan., • Supervise the planning, budgeting, and control of capital expenditures and unit renovation programs to ensure they are consistent with the business plan., • Contribute to leasing strategies, including reviewing new leases, renewals, and lease abstracts to ensure they align with the asset's proforma., • Conduct regular property inspections to assess condition, identify risks, and ensure adherence to company standards. Compare properties to competitors and evaluate their market position. Develop, recommend, and implement value-add action plans., • Compare properties to competitors to evaluate market position and develop, recommend, and implement value-add action plans., • Supervise the insurance renewal processes, manage property allocation and explore cost-saving insurance alternatives.Financial and Performance Reporting, • Review budgets, forecasts, and monthly performance reports., • Monitor all financial performance elements by analyzing financial statements and making necessary operating adjustments., • Prepare cash flow forecasts., • Proactively analyze economic trends for each specific asset and its specific market to inform investment strategies., • Collaborate with internal teams, including acquisitions, property operations, design and construction, portfolio managers, and accounting, implementing a process-driven approach to execute asset business plans. Risk Mitigation, Continuous Improvement and Stakeholder Management, • Identify and mitigate potential risks associated with each asset, including operational, financial, and market risks., • Coordinate with legal, risk management, and other internal teams to resolve issues and ensure portfolio health., • Drive continuous improvement by evaluating and enhancing processes, policies, and procedures related to asset management., • Oversee the execution of dispositions and other strategic transactions, preparing recommendations for leadership review., • Stay informed of industry best practices, emerging technologies, and market trends to identify opportunities for innovation., • Lead special projects and initiatives aimed at enhancing portfolio performance, operational efficiency, and overall asset value., • Provide exceptional internal customer service, building and maintaining strong, collaborative relationships with all stakeholders., • Proactively demonstrate the value of the Asset Management team's services by translating complex data and strategies into clear, actionable insights for key stakeholders.Qualifications, • Bachelor’s degree in business, finance, real estate, or a related field., • A minimum of 5-7 years of progressive experience in real estate asset management, investment, or related field., • Proven track record of managing a portfolio of commercial and/or industrial properties., • Strong analytical skills with the ability to conduct financial modeling and valuation analyses., • Exceptional interpersonal skills and the ability to translate complex financial data into clear, concise, and compelling communication for diverse audiences., • Excellent communication and presentation skills., • Experience with CAPEX management and cash flow optimization., • Successful team mentorship and performance oversight experience., • Ability to work independently and collaboratively in a fast-paced environment., • Strong multi-tasking, time management and decision-making skills., • Ability to set personal and project priorities and demonstrate strong organizational skills in day-to-day and long-term planning and execution., • Strong commitment to customer service and a service-oriented mindset., • Ability to travel and visit properties periodically. Compensation: Salary is competitive and based on experience. Benefits We offer a highly competitive wage and benefits package including: • Paid Time Off (PTO) - accrued up to15 PTO days, • Company-paid Holidays - 10 holidays, • Affordable Medical, Dental, and Vision Insurance, • Life and Disability Insurance, • 401(k) Plan with Employer Contribution Powered by JazzHR tYOmay5fmr