Real Estate Asset Manager

Real Estate Asset Manager

Real Estate, Hobbs Brook Job ID 2024-14496 Primary Location: Waltham, Massachusetts 04/30/2024 Hiring Range: $114,300 - $164,200

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Hobbs Brook Real Estate LLC is an innovative commercial real estate leader with a portfolio of forward-thinking, sustainable properties in the United States and Singapore. Shaping the market since 1952, the company acquires, develops, manages, and serves as a valued partner to a variety of stakeholders. Hobbs Brook Real Estate (HBRE) brings unique property visions to life with a commitment to improving both the environment and the community. For additional information, please visit www.hobbsbrook.com. HBRE is the real estate division of FM Global.

Summary:

Conduct a variety of analyses focused on real estate strategies in support of Hobbs Brook Management.

Schedule & Location:

This position is exempt, office-based position in Waltham, MA. Travel required to other markets and owned properties as needed, locally.

• Leads the development of near-term and long-term real estate strategy for Hobbs Brooks Global portfolio through data analyses in pricing, discount, occupancy, and other internal and external assumptions.

• Responsible for collection, input, manipulation and aggregation of large data sets from multiple sources to identify key issues, cost trends, and opportunities. This includes the preparation and manipulation of outputs from pivot tables, comparison tables, reports and sensitivity analysis.

• Analysis of financial impact of real estate transactions using net present value, IRR, book impact, and company processes. Reviews the accuracy of the information provided and responds to requests from management.

• Oversee the budget process and preparation of the annual strategic plan for each property.

• Prepares financial and other analyses across a range of deliverables, including market plans, benchmarks, scenario models, financial underwriting, trend analysis, transactions and development summaries, dashboards and reports. Facilitates the maintenance and reporting of benchmarks and performance metrics.

• Conducts, synthesizes and presents key market research on industry best practice, benchmarks, comparables and other issues of concern.

• Review periodic internal reports and respond to information requests from the property manager.

Required Education:

• Bachelors Degree

Highly Preferred Education:

• Finance, Accounting, Economics; emphasis in real estate preferred

• Master's degree, MBA or CFA is a benefit

Required Work Experience:

• 7-10 years of related real estate experience is required

Required Skills:

• Strong analytical and strategic problem-solving capabilities

• Solid business judgement and excel at working in a fast paced, dynamic environment; superb customer service skills

• Excellent written and verbal communication skills with the ability to present information

• Requires knowledge of financial terms and principles. Ability to calculate and analyze real state of deal terms, including generating financial analysis (e.g., discounted cash flows)

• Understand general real estate trends and individual property markets/submarkets

The hiring range for this position is $114,300 - $164,200 annually. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM Global's comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

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