Asset Manager

Definition:  Under general supervision of the CEO of Salt River Development Company (DEVCO), a division of the Salt River Pima-Maricopa Indian Community (SRPMIC), develops and implements customized asset management strategies for DEVCO’s commercial real estate portfolio for DEVCO.  Performs asset analysis, develops strategic plans, conducts lease negotiations, and serves as senior management.  This job class is treated as FLSA Exempt. 

Essential Functions:  Essential functions may vary among positions and may include the following tasks, knowledge, skills, abilities, and other characteristics.  This list of tasks is ILLUSTRATIVE ONLY and is not intended to be comprehensive listing of tasks performed by all positions in this classification.

Tasks:

1.     Asset Analysis: Conducts various analyses to be used in developing operational plans and profitability of current and future assets.

• Performs analytical reviews and trend analysis of leases on a regular basis, including development of model full life cycle financial analysis for each asset from acquisition through disposition.
• Monitors cash flow, distributions and investment projections to aid in determining highest and best use of assets and the feasibility of future projects, including examination of property values, taxes, zoning, population growth, transportation, and local traffic volume to determine how to a project will fit into the DEVCO operational plan.
• Develops financial summaries and asset management reports to aid in determining best operational plan to be used in maximizing profitability of assets.
• Prepares and updates lease abstracts.
• Oversees asset disposition process.

2.     Strategic Planning:  Determine the best uses for current assets and future developments while taking into consideration the Community’s General Plan.

• Develops and executes business plans that achieve CEO-approved performance levels for assigned enterprises such as, but not limited to: Salt River Outdoor Sign and stabilized commercial real estate assets such as Chaparral Business Center.
• Develops ways to maximize total return for each assigned asset through analysis of property efficiencies and identifying opportunity for improved performance. 
• Develops Capital Investment Programs (CIP’s) for each property to maximize investment returns.
• Ensures that future developments are in accordance with the Community’s General Plan and overall objectives outlined by the CEO and DEVCO Board.
• Creates proper diversification of land uses and assets to ensure future growth and stability.

 3.     Lease Negotiations: Establishes, updates, and coordinates procedures for lease agreement negotiations.

• Assists and coordinates with real estate development contractors, real estate development team consultants (architects, engineers, etc.) and other consultants or project managers to provide direction and oversight of business plans.
• Ensures positive tenant, landowner and Community relationships through coordination of leasing and property management activities.
• Represents stakeholder’s interest at the project level to assure maximum profitability and return on investment (ROI) including participation in project scheduling and budget processes.
• Prepares lease proposals, conducts lease negotiations and ensures compliance with leases through coordination with all applicable stakeholders.
• Monitors and maintains thorough awareness of technical, commercial and financial issues related to the projects under contract.
• Prepares letters of intent, reviews lease terms, and coordinates legal review of lease transactions.
• Conducts due diligence on tenant requests for new leases, rent relief, lease renewals, and lease modifications.

 4.     Administration:  Develops operating procedures for DEVCO. 

• Provides technical assistance regarding economic development activities and programs to the Tribal Council, DEVCO Board, Tribal Government Administration, Community members, developers, etc.
• Creates and maintains operational and performance reports and budgetary tools to track the status of all asset and land lease projects and budgetary expenses. 
• Establishes and implements written policies on various leasing procedures.
• Works closely with third party property managers and leasing agents to provide direction for and oversight of operational plans, budgets, forecasts, leases, analysis, and approvals.

 Knowledge, Skills, Abilities and Other Characteristics:

 Knowledge of the history, culture, laws, rules, customs and traditions of the Salt River Pima-Maricopa Indian Community.

• Knowledge of laws, ordinances, rules, regulations and standards affecting development within the Community.
• Knowledge of land development concepts and practices.
• Knowledge of the principles, concepts and practices for economic development of Indian Community lands.
• Knowledge of the Code of Federal Regulations, business leasing requirements and other regulatory requirements impacting leases and development.
• Knowledge of Fee Schedules.
• Knowledge of project development, scheduling, monitoring and control systems.
• Skill using a personal computer, related software programs and other routine office equipment.
• Skill establishing and maintaining effective working relationships with staff, SRPMIC officials, Community Members and various government entities and outside organizations.
• Skill organizing and managing workflow to ensure timeliness of information.
• Skill communicating complex concepts and terms to potential developers and landowners.
•  Ability to develop a feasibility study.
• Ability to communicate effectively both verbally and in writing.
• Ability to understand, interpret complex laws, regulations, policies, procedures and guidelines.
• Ability to work independently on multiple projects simultaneously.
• Ability to provide strong analytical and creative skills to find solutions to complex technical, financial and administrative problems.
• Ability to model investments using MS Excel and various software.
• Ability to exercise judgment and discretion regarding financial, statistical, and legal issues that may arise regarding various projects.

Qualifications:

• Education and Experience:  A Bachelors degree from an accredited college or university in Accounting, Business Administration, Economics, Finance, Real Estate or a related field with strong record of academic achievement with graduate degree preferred, AND a minimum of five (5) years experience in asset management, building and development of commercial real estate and associated businesses.
• A valid Arizona Real Estate License is required.
• Knowledge of property operations and asset investment return analysis methods; proforma creation, interpersonal/presentation skills, and consensus building among a diverse set of stakeholders is required. 
• Experience measuring building performance using published standards such as Building Owners & Managers (BOMA) and Institute of Real Estate Management (IREM) is required.
• Knowledge and experience in real estate as practiced in Native American communities required: 1) Trust land vs. fee land; 2) Land lease structures, types and economic implications and Tribal government and BIA role.
• Proficiency in Microsoft Office and Argus software required.  
• Equivalency:  Any equivalent combination of education and experience that will allow the applicant to satisfactorily perform the duties of the job may be considered. 
• Insurability:  Must possess a valid Arizona operator’s license and be insurable under the tribal insurer requirements which are outlined as follows.  Must be at least 18 years of age and have one (1) year of driving experience in the class of vehicle operated.  Driving disqualifications will occur if during the last three (3) years, the driver has any of the following convictions: for a felony; sale, handling or use of drugs; alcohol or drug related offense that is automobile related; three (3) or more speeding violations; more than two (2) speeding tickets in excess of 15 mph; one or more other serious violations.  “Serious violations” are defined as:  driving under the influence of alcohol/drugs; violation for alcohol offence during use of a vehicle; failure to stop/report an accident; driving while impaired; making a false accident report; homicide, manslaughter or assault arising out of the use of a vehicle; driving while license is suspended or revoked; racing; attempting to elude a police officer.  Other disqualifications would include having a driver’s license suspended or revoked and involvement in two (2) or more chargeable incidents. 
• Special Requirements:  May be required to work beyond normal business hours including nights, weekends and holidays.

Qualified candidates may fax resume w/salary history and requirement plus 3 professional references to 480-850-5715 or mail to Salt River Devco,  Attn: Connie Reinbold, 8800 East Chaparral Rd., Suite 260, Scottsdale, Az  85250.  Salt River Devco is an Equal Opportunity / Affirmative Action Employer.  Preference will be given to a qualified Community member, then a qualified Native American and then other qualified candidate.