General Purpose
We are seeking an experienced Asset Manager in the Commercial Retail sector to oversee a portfolio of assets and drive performance across both property-level operations and portfolio-level reporting. This role requires a strategic thinker with strong financial acumen, a working knowledge of retail strip center operations, and experience supporting investment-level decision making. The Asset Manager will work closely with multiple departments in various capacities utilizing curiosity, tenacity, and being pro-active, coupled with strong communication skills and energetic personality.
Duties include:
- Working collaboratively with the team to develop operating and capital strategy for the portfolio
- Reviewing portfolio performance including NOI, cash flow, asset values and progress towards achieving asset strategies
- Oversee financial and operational performance of a portfolio of retail properties
- Reviewing and approving proposed budgets, CAM reconciliations, forecasts, capital projects, and other expenditures with focus on maximizing value, validation assumptions and addressing areas of concern
- Working closely with Property Management team during budget process to ensure financial health of properties and adequate funding
- Preparing financial reports and communicating results to necessary parties
- Conducting property site tours of portfolio
- Overseeing CC&R tracking, reviewing and abstracting
- Making recommendations to leadership for formatting, automating, and/or upgrading processes that would increase/streamline work flow
- Communicating and reporting to VP of Asset Management with all high-risk legal matters
- Supporting VP of Asset Management with specialty ancillary income leases, as necessary, such as cell tower, EV charging concepts, cable companies, ATM and water kiosks
- Supporting team with underwriting of acquisition and disposition opportunities
Education and Experience
- Bachelor’s Degree in Business or related field required
- Extensive background reviewing and producing financial reports and communicating results
- 7+ years of proven portfolio/asset management background within commercial real estate overseeing at least 2 million square feet of retail space
- Knowledge of computers and relevant software applications such as Outlook, Word, Excel, and Yardi
- Intermediate to expert Excel skills with the ability to use most formulas and format spreadsheets as well as developing detailed reports
- Extensive experience engaging with senior management, investors, tenants and brokers
- Ability to think and act strategically with experience analyzing lease and investment decisions
- Ability to interpret contracts and agreements and their impact on strategic decisions
- Experience in real estate fund management a plus
Other Skills
- Enjoys achieving results and realizing the desired impact of a task or project
- Comfortable pushing through obstacles in a productive way to complete projects on time
- Organized with strong attention to detail
- Team player with a strong foundation in fund level financial analysis
Company Benefits
- Medical Insurance (Kaiser and Anthem) – Company covers 75% of total premium
- Dental Insurance – flat rate of $25/month
- Vision Insurance – 100% covered for employee
- Life Insurance, AD&D, Short-Term and Long-Term Disability Insurance (100% company paid)
- Voluntary Life Insurance
- 401k with matching (up to 3% match, 100% vested from enrollment)
- Health Savings Account (HSA)
- Paid time off
- 48 hours of Sick time
- Volunteer time off
- 10 paid holidays
- Holiday break
- EV Charging
- Celebrations and festivities throughout the year
Red Mountain Group was established as a result of one man’s vision - that anything is possible and that every challenge brings its own opportunity. This philosophy has been the driving force behind RMG since being founded by Michael Mugel in 1991. Starting with the purchase of a single distressed shopping center in Mesa, Arizona, today RMG is an established and innovative leader in the retail redevelopment industry, with a current portfolio of more than 6 million square feet located across 21 states.
Our in-house abilities include Asset/Portfolio Evaluation, Property & Asset Management, Leasing & Marketing, Project Construction Management, Retail & Mixed-Use Development, Entitlements, Acquisitions & Dispositions, and Financing.
This is not a hybrid or remote position.
Red Mountain Group is an equal opportunity employer.
