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Real Estate Asset Manager - Bessemer Trust

Woodbridge, NJ

Bessemer Trust manages and provides advisory services to its clients for all types and classes of real estate assets held individually and in a fiduciary capacity nationwide. Our clients rely upon us as the industry leader in wealth management to provide highly customized solutions in a confidential setting to achieve their investment goals. We seek a real estate asset manager who will report directly to and support the Head of Real Estate Advisory.

Real Estate Asset Manager

Responsibilities:

• Oversight of a portfolio of assets which can include residential single family homes, cooperative and condominium apartments, retail, industrial and office properties, net leased assets, ranches, timber and vacant land parcels.
• Work with clients/co-fiduciaries to handle the sale of properties including conducting market due diligence, employment of real estate brokers and attorneys, establish pricing and negotiate terms of sale agreements.
• Work with clients/co-fiduciaries to handle the acquisition of properties including conducting market due diligence, employment of third party firms for inspections and negotiate terms of purchase agreements.
• Oversee capital improvement and repair projects including employment of architects, attorneys, engineers and general contractors, monitoring construction progress and authorizing final approval upon completion.
• Negotiate Lease agreements with residential and commercial tenants and monitor compliance with Lease terms including rent payments, CPI increases, CAM payments, real estate tax payments, maintenance of appropriate insurance and upkeep and maintenance covenants.
• Employment and direction of third party property management firms and review of monthly and annual financial statements including Income & Expense Statements, Rent Rolls, Budgets and cash flow statements.
• Conduct annual reviews, tri-ennial appraisals and annual physical inspections of properties as required by OCC and Federal Reserve.

Knowledge and Skills Required

• Familiar with different forms of real estate ownership, types of interests and documentation including deeds, title reports, leases and contracts.
• Knowledge of basic appraisal and valuation concepts and financial analysis including NPV, IRR, discounted cash flow and mortgage amortization.
• Familiarity with real estate transaction processes.
• Working knowledge of Excel, Word, Powerpoint.
• Strong interpersonal and communication skills.

Experience and Qualifications:

The ideal candidate should have a minimum of 5 years of related real estate experience, including direct responsibility for management of properties and oversight of sales and/or acquisitions. A Bachelor's degree is required for this role. In addition, the successful candidate should be self-motivated, able to work independently and handle multiple tasks.

How to Apply:

Please fill out an online application on our website:
bessemertrust.com