Commercial Asset Manager

Employer:             DWS Group

Title:                      Asset Manager Real Estate - Commercial

Location:               San Francisco

Job Code:              #LI-LV2 #LI-03

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Read more about DWS and who we are here.

Team / Division Overview

 The commercial Asset Manager (AM) is an integral role within the Office & Industrial Asset Management Group. The AM’s primary role is to add value to our clients’ office & industrial real estate assets by providing best in class asset management services. The AM will be responsible for a portfolio of 10 to 20 Class A office, industrial, and office & industrial flex assets (an approximate 3-6 Million sf NRA; 250 – 400 tenants) and will be an expert in their respective property markets.

Role Details

As a/an Asset Manager, you will (be):

• Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices

• Oversee direct property management and leasing services for each asset

• Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion, and/or repositioning of the asset

• Understand competitive positioning relative to rents, lease terms and overall occupancy, and the means to maintain a competitive edge

• Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans for these activities to the respective Portfolio Managers are required

• Prepare quarterly reports that present property performance along with progress on strategic initiatives

• Bottom line responsibility for asset performance against the associated benchmarks

• Manage total capital improvements as a percentage of NOI at the respective properties

• Manage relationships with contract manager and joint venture partners and provide oversight

• Responsible and accountable for the accuracy of NOI, capital and cash projections

• Reviews monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements

• Assist Acquisitions Team with underwriting potential new acquisitions within your respective market

• Work with the ESG Team to find opportunities for green initiatives

• Actively involved in the valuation process by providing market intelligence on assumptions

We are looking for: 

• 7+ years prior institutional level office & industrial real estate asset management experience

• College degree in Business Administration, Finance, Economics, Real Estate, or similar,

• MBA preferred

• Skilled in leasing, property operations, project management, construction, negotiations, accounting and reporting with the ability to understand financial statements, investment pro-formas, IRR and NPV calculations and analysis

• Successful record of accomplishment in the execution of asset management strategies to achieve successful results while effectively managing risk

• Highly developed interpersonal, presentation and communication skills

• Strong business and financial acumen, with excellent organizational, problem solving, influencing and negotiating skills

• Experience with spreadsheets, Excel and word-processing.

• Ability to travel

License(s) required:

• N/A

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in California is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

At DWS, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you. 

Privacy Statement

The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS’ Privacy Notice.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.