DLC Management

Manages, develops, and leases retail properties

Director of Asset Management

Real EstateConfirmed live in the last 24 hours

Full-timeElmsford, NY, USA$140k - $155k

About the Job

Requirements

A college degree in business or finance with related real estate experience is required.
Seven to ten years of asset management experience with an understanding of retail asset types is required.
Strong financial analysis and modeling skills, including required experience with Argus, are required.
Advanced Excel skills are required.
Fluency in investment modeling and returns analysis is required.
Prior managerial experience is required.
Ability to collaborate across departments to accomplish organizational objectives is required.
Well-developed communication and interpersonal skills are required.
Ability to lead, supervise, and develop asset management teammates is required.
Strong presentation skills are required.
Ability to persuade and influence stakeholders to gain buy-in is required.

Responsibilities

Develop a strong understanding of portfolio assets and business plans, including leases, loan documents, partnership agreements, and other related agreements.
Train, manage, and lead a team of Analysts and/or Associates.
Cultivate and maintain partner relationships.
Report portfolio performance to senior management and external partners.
Lead annual portfolio review meetings with joint venture partners.
Build relationships with teammates across departments.
Lead onboarding for new joint venture partners and lenders.
Perform analyses including dispositions, refinancing, valuations, sell/hold, leasing net present value/net effective rent, and other ad hoc analyses.
Maintain deep knowledge and understanding of loans and debt structures, transactional documents and processes, and management agreements.
Lead monthly joint venture partner calls and ad hoc calls and meetings.
Assist the Senior Vice President of Asset Management with departmental initiatives, including formulating and refining processes and procedures.
Analyze operating budgets, capital plans, and reforecasts, and provide variance commentary against the original business plan.
Monitor property performance throughout the investment cycle and support critical capital market events.
Review monthly financial reports, perform variance analysis, and identify and report trends and red flags.
Oversee production of reports tracking property operations and performance across vertical departments.
Develop and maintain dashboards, financial models, templates, and analyses to monitor assets against each business plan and budget.
Respond to lender, joint venture partner, and senior management requests regarding asset performance and status.
Review lender covenant calculations for accuracy and input.
Prepare and update monthly cash flow forecasts using updated property- and portfolio-level information.
Evaluate and determine monthly distributions and capital calls for senior management and joint venture partner approval.
Evaluate and support loan advance or escrow draw requests.
Organize, oversee, and review annual property operating budgets and portfolio business plans.
Roll up asset and portfolio budget metrics to guide the business plan.
Work with vertical departments to obtain budget approval internally and lead the joint venture partner approval process for assigned assets.

Why DLC?
DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation. DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate. At DLC, our teammates make all the difference and we offer industry-leading training and career development to assure your success.

What We Offer:

Compensation and Benefits:
- Competitive pay
- 401K company match
- Medical, Dental, and Vision Insurance
Work-Life Balance:
- Hybrid work model
- 20+ paid days off annually
- 13+ paid holidays in addition to PTO
- Paid parental leave
Career Development:
- Industry-leading training and development
- Open door policy
- Industry trade shows and event access
- Mentorship program

About the Role:
The Director of Asset Management will develop a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.

Responsibilities:

Train, manage and lead a team of Analysts and/or Associates.
Cultivate and further develop/maintain partner relationships.
Report out on portfolio performance to both senior management and external partners.
Lead annual portfolio review meetings with JV partners.
Build relationships with teammates cross-departmentally.
Lead onboarding process for new JV partners and lenders.
Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.
Deep knowledge and understanding of loans and debt structure, transactional documents and processes and management agreements.
Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.
Assist SVP of Asset Management with departmental initiatives, including formulating and refining processes and procedures.
Analyze operating budgets, capital plans and reforecasts. Provide variance commentary to original business plan.
Monitor property performance throughout the investment cycle and support critical capital market events.
Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.
Oversee the production of various reports tracking property operations and performance across all vertical departments.
Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.
Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses.
Review Lender covenant calculations for accuracy and input.
Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.
Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.
Evaluate and support loan advance or escrow draw requests.
Organize, oversee and review the annual property operating budgets and business plans for portfolio. Integral team member in rolling up asset and portfolio budget metrics to guide business plan. Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.

Soft Skills/Behaviors:

Ability to collaborate with all departments to accomplish organizational objectives in a growing portfolio.
Well developed and effective communication and interpersonal skills.
Passion and aptitude to lead, supervise and develop asset management teammates. Prior managerial experience is required.
Strong presentation skills.
Articulate communicator.
Ability to persuade and influence in order to get all parties’ buy in.
Hands-on and ready to pitch in on whatever is needed.
Service first attitude.
Proactive, energetic with a creative disposition.
Problem solver and resourceful.
High sense of urgency.

Technical Skills:

College degree in business or finance with related real estate experience.
7-10 years of asset management experience with an understanding of retail asset types.
Strong skills in financial analysis and modeling - experience with Argus REQUIRED.
Advanced Excel skills.
Fluent in investment modeling and returns analysis

The expected salary range for this position is between $140,000 and $155,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.

About DLC:
Founded in 1991, DLC has been one of the nation’s preeminent owners, operators, and managers of shopping centers. Our portfolio includes millions of square feet of attractive retail space and continues to expand as we complete additional acquisitions.

About the Company

DLC Management

Manages, develops, and leases retail properties

DLC Management is a real estate services firm that improves retail places through a team-based, full-service approach. It covers acquisitions, new developments, redevelopments, leasing, third‑party services, and property management, operating as one coordinated team across regions in New York, Georgia, Illinois, Texas, and Washington DC. Their product is a suite of retail real estate capabilities that work together to plan, execute, lease, manage, and optimize shopping center and retail properties for stakeholders. What sets DLC apart is its integrated, “SUCCESS” mindset—collaborative, cross-disciplinary execution across the full lifecycle of a project—and its regional footprint, which allows closer oversight and local market knowledge. The company’s goal is to make retail places better by delivering value, efficiency, and effective property outcomes for investors, tenants, and communities.

Company size: 51-200
Company stage: Not listed
Total funding: Not listed
Headquarters: Town of Greenburgh, New York
Founded: 1991

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