Vice President Asset Management

Primary Report: Executive Vice President

Job Summary

Riverside Investment & Development is seeking a full-time Vice President–level Asset Manager based in Chicago. This role will primarily focus on office buildings, with potential exposure to multifamily and mixed-use properties.

Key Responsibilities

The Asset Manager will support the Executive Vice President and select capital partners in all aspects of asset management, acquisitions, dispositions, financial decision-making, cash flow modeling, leasing strategy, investment analysis, negotiations, and legal documentation.

Responsibilities

• Develop and implement asset-level strategic plans
• Establish leasing objectives and guidelines; provide oversight of revenue management systems and strategies; manage the leasing process as needed for mixed-use assets and prepare recommendations for ownership
• Oversee property-level operating activities, including supervision of leasing agents and third-party property managers
• Direct the preparation of monthly reporting, quarterly valuations, and cash flow forecasts
• Review and evaluate prospective lease proposals
• Collaborate with and guide property managers in developing operating budgets, including capital and leasing plans
• Manage the internal process for obtaining Investment Committee approval for key decisions
• Participate in broader management team strategic initiatives at each property
• Manage recapitalization efforts and/or oversee the disposition process when assets are prepared for sale
• Oversee property-level financings and reporting with joint venture partners and lenders
• Lead weekly and monthly asset management meetings
• Monitor market trends and data, including investment sales, lease comparables, and occupancy levels
• Lead the preparation of quarterly asset management reports for ownership at the property level
• Review financial reports to monitor performance and ensure investment objectives are achieved
• Lead ownership and client presentations
• Manage loan requirements and covenants, including leasing conditions, future funding obligations, escrow reimbursements, and other lender requirements
• Review existing leases to analyze and determine renewal strategies or potential modifications
• Monitor, manage, and coordinate RIDC internal teams (construction management, leasing, and financial analysis)
• Perform special projects and additional responsibilities as assigned

Qualifications

• 8–12 years of commercial or investment real estate experience with asset management
• Strong office market experience required, with multifamily or retail knowledge considered a plus
• Excellent written and verbal communication skills
• Self-starter with strong analytical, quantitative, and problem-solving abilities
• Strong interpersonal skills with the ability to interact effectively with both internal and external stakeholders
• Demonstrated ability to lead, manage, and motivate junior staff, leasing teams, and analysts
• Ability to work effectively under pressure while managing multiple competing deadlines
• Experience with asset repositioning strategies

Skills

• Advanced proficiency in reviewing and analyzing financial models in Excel and Argus
• Strong organizational skills and attention to detail, with the ability to manage multiple projects simultaneously
• Experience negotiating leases and real estate legal documentation
• Strong sense of initiative, accountability, and entrepreneurial mindset
• Ability to work independently and collaboratively in a fast-paced environment
• In-depth knowledge of the Downtown Chicago office market; experience in other markets is a plus