Vice President, Retail Asset Management

Company: JBG Smith
Location: Bethesda
Posted on: September 16, 2020

Job Description:

JBG - Careers - Vice President, Retail Asset Management in Bethesda, Maryland | Careers at 4747 Bethesda Avenue JBG - Careers - Vice President, Retail Asset Management in Bethesda, Maryland | Careers at 4747 Bethesda Avenue Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Returning Candidate? Log back in! Vice President, Retail Asset Management ID 2020-3929 Location US-MD-Bethesda Type Full-time Overview JBG SMITH is an S&P 400 Company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, D.C. With a focus on placemaking, we drive synergies across the portfolio and create amenity-rich, walkable neighborhoods. Today, the JBG SMITH retail portfolio includes over 4.2 million square feet of retail under management, including third-party managed assets, and a significant retail development pipeline.

Responsibilities The Vice President of Retail Asset Management will be responsible for coordinating the implementation of the investment strategy for individual retail assets by working closely with the leasing, operations, development, design & construction, accounting and lease administration teams to ensure that properties meet or exceed performance expectations.

Investment Strategy: Work with Senior Executives to set the strategic direction for each asset and proactively identify short-term and long-term value creation opportunities to enhance performance

Finance: Manage the budgeting, forecasting, reporting and cash distribution process for each asset

Leasing: Work with the leasing team analyze lease economics relative to budget/pro forma in the context of market dynamics and act as the ownership contact for tenants throughout their lifecycle including managing requests for rent relief assistance

Design & Construction : Coordinate tenant build-out and capital improvement projects with architects, construction management and property management to ensure that tenants open on schedule

Ownership: Maintain relationships with joint venture partners, third-party owners (where applicable) and lenders to ensure compliance with the governing ownership and financing agreements

Operations: Monitor property performance including review of financial statements and periodic site inspections to ensure that each asset’s performance is progressing consistent with the strategic plan

Acquisitions / Dispositions: Provide strategic, underwriting and due diligence input in connection with new acquisitions and/or development opportunities and manage the asset disposition process

Qualifications At JBG SMITH, our culture is important. We are committed to the highest standards of integrity, creativity and teamwork. Along with those qualities, Vice Presidents in Retail Asset Management must also bring:

Bachelor’s degree and preferably an MBA in real estate, management, finance or business administration

Minimum of 6 years of retail real estate experience in asset management, investments or development

Strong analytical skills with experience in financial modeling, budgeting and reviewing retail leases

Dynamic leader with the ability to work collaboratively across departments and teams

Entrepreneurial and creative approach to problem-solving and managing change

Exceptional communication skills and attention to detail

JBG SMITH is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.

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Keywords: JBG Smith, Bethesda , Vice President, Retail Asset Management, Other , Bethesda, Maryland