Asset Manager at Millman Recruiting Services, LLC Asset Manager at Millman Recruiting Services, LLC in Miami Beach, Florida Posted in 22 days ago.

Type:

full-time Industrial Senior Asset Manager Needed - Industrial Real Estate Portfolio Hybrid role - 3 days in office in Miami, 2 days remote

Role:

Leasing and Revenue Growth Direct third-party leasing teams to drive new leases, renewals, and occupancy across your portfolio. Evaluate vacant suites and plan make-ready and spec suite programs, including scope, cost, timing, and target tenant profile, to improve marketability and reduce downtime. Set deal parameters and negotiate LOIs, RFPs, leases, and amendments in coordination with local brokerage teams. Analyze transaction economics, including rent, TI/LC exposure, downtime, and tenant credit, and recommend deal terms. Develop annual leasing assumptions and monitor market conditions, including rental rates, concessions, supply, absorption, and leasing velocity. Financial Performance and Business Planning Own quarterly asset performance analysis, including financial results, budget-to-actual variances, rent rolls, occupancy, accounts receivable, and performance against the business plan and acquisition proforma. Review annual operating and capital budgets submitted by property management against the asset proforma and drive the budget process to completion; prepare quarterly reforecasts, cash projections, and capital funding requirements. Analyze operating expenses and recoveries, including CAM/NNN reconciliations and third-party property tax appeals, to identify savings opportunities and recovery leakage. Present asset performance, forecasts, and key issues in quarterly portfolio and distribution meetings with the executive team. Capital, Risk, and Asset Execution Evaluate capital expenditures and partner with construction management on tenant buildouts, project scopes, budgets, and delivery against lease obligations. Assess tenant credit, monitor at-risk tenants, and develop workout strategies when needed. Review loan requirements related to leasing, lender approvals, and reserves, and coordinate approval requests with the finance team. Develop action plans with property management for underperforming assets and conduct periodic site visits to evaluate asset condition and execution.

Ideal candidate will have:

3-6 years of commercial real estate experience in asset management, leasing, or property operations. Strong financial analysis skills, including lease economics, budgeting, and cash flow forecasting. Working knowledge of multi-tenant light industrial, flex, or business park operations. Proficiency in Yardi Voyager and advanced Excel. Bachelor's degree in real estate, finance, or a related field. Ability to travel approximately 10%. Preferred Experience with Yardi Deal Manager, VTS or other comparable leasing and asset management platforms. Demonstrated ability to improve reporting, systems, or operating processes.