Vice President Asset Management

Primary Report: Executive Vice PresidentFind out more about the daily tasks, overall responsibilities, and required experience for this opportunity by scrolling down now.Job SummaryRiverside 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 ResponsibilitiesThe 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.ResponsibilitiesDevelop and implement asset-level strategic plansEstablish 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 ownershipOversee property-level operating activities, including supervision of leasing agents and third-party property managersDirect the preparation of monthly reporting, quarterly valuations, and cash flow forecastsReview and evaluate prospective lease proposalsCollaborate with and guide property managers in developing operating budgets, including capital and leasing plansManage the internal process for obtaining Investment Committee approval for key decisionsParticipate in broader management team strategic initiatives at each propertyManage recapitalization efforts and/or oversee the disposition process when assets are prepared for saleOversee property-level financings and reporting with joint venture partners and lendersLead weekly and monthly asset management meetingsMonitor market trends and data, including investment sales, lease comparables, and occupancy levelsLead the preparation of quarterly asset management reports for ownership at the property levelReview financial reports to monitor performance and ensure investment objectives are achievedLead ownership and client presentationsManage loan requirements and covenants, including leasing conditions, future funding obligations, escrow reimbursements, and other lender requirementsReview existing leases to analyze and determine renewal strategies or potential modificationsMonitor, manage, and coordinate RIDC internal teams (construction management, leasing, and financial analysis)Perform special projects and additional responsibilities as assignedQualifications8-12 years of commercial or investment real estate experience with asset management Strong office market experience required, with multifamily or retail knowledge considered a plusExcellent written and verbal communication skillsSelf-starter with strong analytical, quantitative, and problem-solving abilities xijylhu Strong interpersonal skills with the ability to interact effectively with both internal and external stakeholdersDemonstrated ability to lead, manage, and motivate junior staff, leasing teams, and analystsAbility to work effectively under pressure while managing multiple competing deadlinesExperience with asset repositioning strategiesSkillsAdvanced proficiency in reviewing and analyzing financial models in Excel and ArgusStrong organizational skills and attention to detail, with the ability to manage multiple projects simultaneouslyExperience negotiating leases and real estate legal documentationStrong sense of initiative, accountability, and entrepreneurial mindsetAbility to work independently and collaboratively in a fast-paced environmentIn-depth knowledge of the Downtown Chicago office market; experience in other markets is a plus

Created: 2026-03-27