The JBG SMITH Corporate Office

Vice President in Retail Asset Management

ID
2017-2847
US-MD-Chevy Chase
Type
Full-time

Overview

The Vice President of Retail Asset Management will be responsible for creating strategies to maximize the value of the retail component of mixed-used assets and standalone retail centers in the VP’s portfolio.  In that capacity, the Vice President will coordinate all aspects of managing the investment from setting strategic direction to overseeing leasing, operations, capital improvements, financing, and investor reporting.  The position will require constant coordination and communication with other groups including acquisitions, development, property management, leasing, accounting and Senior Management at JBG. 

 

Responsibilities

  • Lead the process of setting the strategic direction for each asset and proactively identify short-term and long-term value creation opportunities
  • Work with the leasing team to negotiate leases with tenants and act as the ongoing ownership contact for tenants
  • Coordinate tenant build-out and capital improvement projects with architects, construction management and property management
  • Maintain relationships with lenders, monitor loan provisions to ensure compliance and actively develop and implement financing strategies
  • Maintain relationships with joint venture partners and third-party owners (where applicable) and manage the budgeting, forecasting, reporting and cash distribution process for each asset
  • Monitor ongoing property performance including review of financial statements and periodic site inspections to ensure that each asset’s performance is progressing consistent with the strategic plan
  • Provide strategic, underwriting and due diligence input in connection with new acquisitions and/or development opportunities and manage the asset disposition process

Qualifications

The candidate must have a Bachelors degree and preferably a MBA with a minimum of 4 years of real estate experience working in retail asset management, investments and/or development. The candidate must have a strong analytical background balanced with the proven ability to create and implement long-term value creation strategies. Consequently, experience in finance, marketing, revenue maximization, strategic planning, budgeting and forecasting as well as familiarity with loan documents, retail leases and acquisition, financing and disposition processes is preferred. Candidates should be conscientious, self-directed and entrepreneurial with the ability to work both independently as well as collaboratively with teams. Candidates must have exceptional communication skills, the ability to manage multiple projects simultaneously and must demonstrate a positive, can-do attitude. 

 

JBG SMITH is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.

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