Director of Asset Management
San Francisco
**About the Opportunity** Our client, a real estate investment and development firm with a strong presence in the San Francisco Bay Area, is seeking a **Director of Asset Management** to lead strategy, performance, and execution across a commercial portfolio primarily consisting of retail assets and mixed-use properties. This is a high-impact leadership role for an experienced commercial real estate professional who combines strong financial acumen with hands-on operational expertise and a proven ability to drive value creation. This is a hybrid role based in San Francisco (4x/week in the office). **About the role and your impact** The Director of Asset Management will be responsible for maximizing portfolio performance through strategic planning, leasing oversight, operational execution, financial analysis, and cross-functional collaboration. This individual will play a key role in improving NOI, mitigating risk, and enhancing long-term asset value. Key Responsibilities include: **Portfolio Strategy \& Performance** * Lead business plans, asset strategies, and annual operating plans across a portfolio of retail and mixed-use properties * Drive NOI growth through leasing strategy, expense management, and capital planning * Monitor occupancy, lease rollover exposure, operating trends, and portfolio KPIs * Conduct market and competitive analysis to guide pricing, merchandising, and tenant mix decisions **Financial Oversight** * Prepare and review budgets, reforecasts, variance reporting, and financial models * Lead asset review meetings with executive leadership * Oversee CAM/NNN recoveries, reconciliations, and reimbursement optimization * Support valuation analysis, lender reporting, and hold/sell/refinance recommendations **Operations \& Asset Optimization** * Partner with property management teams to ensure operational excellence and tenant satisfaction * Implement cost control initiatives, vendor optimization, and process improvements * Evaluate risks related to tenancy, rollover, co-tenancy, and physical asset needs * Support insurance, compliance, and regulatory initiatives **Leasing \& Capital Projects** * Collaborate with leasing teams on renewals, new deals, and merchandising strategy * Review LOIs, lease economics, and tenant financials * Oversee capital improvement initiatives including façade upgrades, common area enhancements, and tenant improvements * Track budgets, timelines, and ROI for capital investments **Leadership \& Collaboration** * Prepare presentations and portfolio reporting for senior leadership and ownership * Partner closely with acquisitions, development, finance, legal, and operations teams * Build strong relationships with brokers, tenants, and external partners * Mentor junior team members as applicable **What you'll bring** * Bachelor's degree required * 5 years of experience in asset management, commercial real estate, retail operations, leasing, or related disciplines * Strong understanding of retail leasing economics, tenant mix strategy, and commercial property operations * Advanced Excel skills required; experience with ARGUS and Yardi strongly preferred * Excellent analytical, communication, and organizational skills * Ability to manage multiple priorities in a fast-paced entrepreneurial environment
