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Asset Manager

Asset Manager

Team 
Accounting and Finance
Location 
US-MI-Detroit

Position Details

Who We Are

Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, leasing, financing, and managing commercial and residential space. Since its founding in 2011, Bedrock and its affiliates have invested more than $3.5 billion in developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet. Bedrock’s real estate portfolio consists of more than 330 office and retail tenants in Detroit’s technology-centric downtown. For more information, visit www.bedrockdetroit.com or engage with us on Twitter @BedrockDetroit and Facebook.

What You'll Do/Need

The Asset Manager position operates in a fast-paced, dynamic environment. This person must possess a deep understanding of investment and acquisitions analysis, finance execution, and portfolio reporting and development in order to support the portfolio of Bedrock real estate projects.

 

Responsibilities

  • Provide analytical support for strategic business decisions including investment opportunities, capital project spending, and capital structure execution
  • Coordinate and review annual property budget and business plans with various Bedrock Teams for leadership approval
  • Manage communication amongst property-specific Bedrock Teams in order to assess and improve investment performance, and leverage pertinent information for investor reporting purposes
  • Support Quarterly Reporting efforts by providing accurate and reliable information and review drafts to ensure quality and accuracy of information
  • Monitor tenant delinquencies and propose key strategic initiatives for to executive leadership team
  • Partner with Investments Team when contemplating and/or executing the refinance of stabilized assets or other capital stack considerations
  • Maintain long-term forecasting models and track performance, return, and value metrics
  • Forecast values by aggregating portfolio operational data, identifying financial status to budget, and analyzing internal and market trends
  • Deliver portfolio lease metrics to support Leasing team proposals in addition to presenting deal economics to leadership
  • Maintain and update portfolio- and asset-level data – including cash flow schedules, loan summaries, quarterly liquidity covenants, etc.
  • Aggregate, analyze and prepare retail tenant sales data, occupancy costs, and associated trends
  • Assist with preparation and processing of construction loan draws and related submissions 
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Requirements

  • Bachelor’s degree in finance, accounting, economics or related field
  • Proven track record of high performance in prior work and college studies
  • Three years of experience in finance, investing, corporate development, investment banking or other financial services
  • Experience in investment analysis and financial modeling
  • Proficiency in Argus as well as Microsoft Excel, Word, and PowerPoint
  • Strong verbal and written communication skills
  • Possess creativity, independence, initiative, and high levels of integrity
  • Possess an intimate knowledge of the challenges and opportunities in Detroit
  • Be current on all real estate and urban trends throughout the industry, both nationally and internationally 

 

What You'll Get

  • Excellent benefits package that includes a 401(k) match, medical/dental/vision, and much more
  • Opportunities to participate in professional and personal development programs, including personal empowerment coaching, leadership training and ongoing personal growth training


Bedrock is an equal opportunity employer.

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