Job Posting Title:
Director of Asset Management
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Hiring Department:
VP for Business Strategies
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Position Open To:
All Applicants
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Weekly Scheduled Hours:
40
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FLSA Status:
Exempt
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Earliest Start Date:
Immediately
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Position Duration:
Expected to Continue
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Location:
AUSTIN, TX
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Job Details:
General Notes
The University of Texas at Austin is a world-renowned educational institution, committed to excellence in education, research, and public service. Real Estate Planning and Strategy manages real property owned by the University of Texas to maximize impact, using University property to advance mission in housing, innovation and research and to generate long-term recurring cash flows supporting the University.
The newly created position of Director of Asset Management will drive operational excellence and growth across our portfolio which includes hotel/conference, student-housing, commercial mixed-use, multi-family and innovation properties.
If you’re the type of person that wants to know your work has meaning and impact, you’ll like working in our department and for UT Austin. UT Austin provides an outstanding benefits package. For more details, please see: https://hr.utexas.edu/prospective/ benefits and https://hr.utexas.edu/current/services/my-total-rewards .
Purpose
The Director of Asset Management will be responsible for optimizing the performance of the University’s growing real estate portfolio, which includes hotel/conference, student-housing, commercial mixed-use, multi-family and innovation spaces. This role requires a strategic thinker with strong financial acumen, exceptional project management skills, and extensive experience in real estate asset management.
Responsibilities
- Portfolio Management: Management of the University’s real estate portfolio, implementing KPI’s and targeted improvements to deliver optimal performance and value creation.
- Financial Analysis: Lead the financial analysis and modeling process to evaluate the performance of assets and identify opportunities for improvement.
- Reporting: Design, prepare and present quarterly asset updates for Leadership.
- Strategic Planning: Develop and implement strategic plans for the portfolio, its assets and operating businesses, focused on strategic pricing, performance management and analytics, capital planning/projectsincluding setting replacement reserves.
- Property Oversight: Supervise property management teams to ensure the efficient and effective operation of assets.
- Lease Negotiation: Coordinate negotiation and lease administration, ensuring favorable terms and conditions for the University.
- Stakeholder Collaboration: Work closely with internal and external stakeholders, including university departments, tenants, and community partners, to achieve strategic goals.
- Market Analysis: Conduct market research and analysis to stay informed about industry trends and make data-driven decisions.
- Compliance: Ensure all real estate activities comply with university policies, and local, state, and federal regulations.
Required Qualifications
- Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field
- At least seven (7) years of experience in real estate asset management. Experience solving complex asset management issues and implementing improvements.
- Strong financial analysis and modeling skills.
- Proven track record of successful portfolio management and strategic planning.
- Excellent negotiation, communication, and interpersonal skills.
- Ability to work collaboratively with diverse stakeholders.
- In-depth knowledge of real estate market trends and regulatory requirements.
- Proficiency in real estate management software and tools.
- Strong work ethic and professional integrity.
- Commitment to the University's mission and values.
- Relevant education and experience may be substituted as appropriate.
Preferred Qualifications
- Master’s degree in Real Estate Development, Business, Finance, orequivalent.
- Experience with a variety of project types. Involvement with development projects from inception through completion and stabilized operations.
Salary Range
OPEN
Working Conditions
- Standard office
- Use of a computer and keyboard
Required Materials
- Resume/CV
- 3 work references with their contact information; at least one reference should be from a supervisor
- Letter of interest
Important for applicants who are NOT current university employees or contingent workers: You will be prompted to submit your resume the first time you apply, then you will be provided an option to upload a new Resume for subsequent applications. Any additional Required Materials (letter of interest, references, etc.) will be uploaded in the Application Questions section; you will be able to multi-select additional files. Before submitting your online job application, ensure that ALL Required Materials have been uploaded. Once your job application has been submitted, you cannot make changes.
Important for Current university employees and contingent workers: As a current university employee or contingent worker, you MUST apply within Workday by searching for Find UT Jobs. If you are a current University employee, log-in to Workday, navigate to your Worker Profile, click the Career link in the left hand navigation menu and then update the sections in your Professional Profile before you apply. This information will be pulled in to your application. The application is one page and you will be prompted to upload your resume. In addition, you must respond to the application questions presented to upload any additional Required Materials (letter of interest, references, etc.) that were noted above.
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Employment Eligibility:
Regular staff who have been employed in their current position for the last six continuous months are eligible for openings being recruited for through University-Wide or Open Recruiting, to include both promotional opportunities and lateral transfers. Staff who are promotion/transfer eligible may apply for positions without supervisor approval.
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Retirement Plan Eligibility:
The retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length. This position has the option to elect the Optional Retirement Program (ORP) instead of TRS, subject to the position being 40 hours per week and at least 135 days in length.
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Background Checks:
A criminal history background check will be required for finalist(s) under consideration for this position.
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Equal Opportunity Employer:
The University of Texas at Austin, as an equal opportunity/affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University is committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, or veteran status in employment, educational programs and activities, and admissions.
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Pay Transparency:
The University of Texas at Austin will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
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Employment Eligibility Verification:
If hired, you will be required to complete the federal Employment Eligibility Verification I-9 form. You will be required to present acceptable and original documents to prove your identity and authorization to work in the United States. Documents need to be presented no later than the third day of employment. Failure to do so will result in loss of employment at the university.
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E-Verify:
The University of Texas at Austin use E-Verify to check the work authorization of all new hires effective May 2015. The university’s company ID number for purposes of E-Verify is 854197. For more information about E-Verify, please see the following:
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Compliance:
Employees may be required to report violations of law under Title IX and the Jeanne Clery Disclosure of Campus Security Policy and Crime Statistics Act (Clery Act). If this position is identified a Campus Security Authority (Clery Act), you will be notified and provided resources for reporting. Responsible employees under Title IX are defined and outlined in HOP-3031.
The Clery Act requires all prospective employees be notified of the availability of the Annual Security and Fire Safety report. You may access the most recent report here or obtain a copy at University Compliance Services, 1616 Guadalupe Street, UTA 2.206, Austin, Texas 78701.
