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. TBC currently has nearly 8-million square feet in assets under management.
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
- Maintain comprehensive oversight of existing operating assets. Collaborate with executive committee to develop business plans and objectives for the portfolio.
- Prepare budgets, forecasts, and monthly performance reports.
- Implement an initiative-taking, process-driven approach to execute asset’s business plans, collaborating with acquisitions, property managers, construction, and accounting.
- Monitor asset performance and returns. Analyze actual monthly operating statements against budget and business plan and report on variances. Recommend operational or financial strategies to optimize returns at the asset level.
- Identify strategic opportunities within the portfolio to increase revenue or decrease expenses. Seek opportunities to leverage technology to add value at property level, collaborating with the Property Manager and IT teams to identify, evaluate and implement.
Property-Level Asset Management - Execute asset-level business plans including marketing, leases, and sales plans along with investment strategies for each asset’s operation and capital improvements.
- Manage in coordination with property management the planning, budgeting, and control of capital expenditures. Ensure that timing of capital expenditures and unit renovation programs is consistent with the business plan.
- Review the insurance renewal processes and explore cost-saving insurance alternatives.
- Collaborate with property management, construction, and leasing to successfully monitor the daily operations and maximize the profitability of each asset. Strategize with property management to establish the revenue, expenses, NOI, capital expenditures, and the subsequent rent lift associated with the overall business plan.
- Conduct site visits and inspections to ensure properties meet brand standards. Compare properties to competitors and evaluate their market position. Develop, recommend, and implement value-add action plans.
- Closely monitor all elements of financial performance; analyze financial statements and make necessary operating adjustments. Prepare cash flow forecasts and manage and optimize cash flows and distributions. Identify and communicate issues that could adversely affect operations of an asset.
- Proactively analyze economic trends for each specific asset and the related market. Gather and analyze market data to identify trends and related impact on real estate values or investment strategies.
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 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 people 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.
- Proficiency in Microsoft Excel, and real estate software (Power BI, Argus, Yardi, MRI, etc.)
When you work at The Buncher Company, you are encouraged to reach your full potential. We promote a supportive work environment where employees can continue to develop both personally and professionally.
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
- Wellness Program with $500 Incentive
The Buncher Company is an Equal Opportunity Employer. We are committed to a policy of equal employment opportunity for all qualified applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other characteristic protected by law. We provide a workplace free from harassment and discrimination. If you need any accommodations or support with your application for this job, please contact Human Resources at idurrett@buncher.com or 412-491-0949.
Job Tags
Full time,