TIAA Sr. Director, Office Asset Management, Nuveen Real Estate in NEW YORK CITY, New York
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.
Nuveen Real Estate, an operating division of Nuveen, the asset management arm of TIAA, is one of the top five largest real estate investment managers in the world with over $126 billion in AUM. Managing a suite of over 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. With offices in 26 cities throughout the US, Europe and Asia-Pacific, over 500 professionals and over 80 years of investing experience, the platform offers impressive local expertise coupled with a sophisticated global perspective.
Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society.
The Senior Director of Asset Management role will be responsible for the strategic implementation of all initiatives detailed within the approved business plan and asset management oversight of their portfolio of assigned properties. Responsibility includes successful execution of the stated financial, and operational goals. Leading clear and concise communicationto 3 rd party property managers and leasing agents is mandatory. Essential to the role is an ability to create value at the assets by displaying solid business acumen negotiating leases.
The ideal candidate has demonstrated knowledge of real estate fundamentals, and can develop and implement strategies that will maximize the financial performance and value of the portfolio of assigned assets.
The role requires an ambitious, motivated self-starter, to assist in growing the NYC Office platform, and help establish a high performance team culture and workplace.
Evaluate, hire and oversee local third party property managers and leasing agents
Propose goals and objectives for each property
Lead the preparation and approval process of property operating budgets
Ensure that property managers are providing timely operating and accounting information.
Form a close relationship with property management personnel at all levels to successfully monitor the operations by conducting routine site visits and inspections, discuss leasing, occupancy, capex and/or renovation program to maximize the profitability of each asset
Ability to model in Excel
Lead quarterly and annual reporting of the portfolio
Participate in due diligence of proposed new investment acquisitions and preparation of acquisition support, and writing proposal for final investment committee presentations
Analyses operating statements and identifies any variances as compared to the budget and business plan and incorporate an action plan if necessary, proactively managing cash flow, resolving always to the business plan or better.
Development/redevelopment experience in New York City
Ensure there is an effective process for Identifying, classifying, quantifying and mitigating risk
Participate and contribute to investor presentations and teleconferences as required
Prepares reports for internal use with management, portfolio managers and others, including investors as needed and/or directed
Perform long-term analyses using Argus to project future valuations
Travel required (5-15%)
Participate in industry forums and promote the Nuveen Real Estate platform
BA or BS
Minimum of ten years of experience in real estate asset management as a fiduciary, with at least 5 years of experience in a senior asset management role with a leading real estate asset manager
MS or MBA
Ability to work collaboratively with other functional teams, such as legal, accounting, middle, and back office personnel to authorize and record transactions and to follow procedures.
Strong team player with exceptional interpersonal and communication skills
Ability to translate between being strategically minded and tactically focused to ensure team effectively executes critical enterprise deliverables/objectives
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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
- Requisition ID: 1719089
Field: Investment Management
Post Date: May 01, 2019
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