Barings

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Senior Director - Real Estate Equity Asset Management

Business Unit: Real Estate Equity US

Location: Chicago IL or El Segundo, CA

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct acquisition, we provide innovative solutions and access to differentiated opportunities across public and private capital markets and across the risk/return spectrum. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

Job Summary

The primary function of this position is to maximize value of the Firm’s assets through the formulation and execution of asset management strategies (core plus, value-add, and opportunistic) for a regional portfolio of real estate assets comprised primarily of multifamily, industrial, office, life science, self- storage, and retail.

Primary Responsibilities

• Implement a value-added approach to each asset by analyzing revenue opportunities; maximizing property operations; and directing strategic capital investments for assigned properties. Be nimble and flexible in adjusting strategy to address changing and dynamic market conditions. Work with internal resources and third-party leasing brokers, property managers, operating partners and other relevant participants to achieve goals.
• Oversee quarterly valuation process, working with analysts, chief appraiser, and portfolio management. Review external appraisals and reconcile valuation issues.
• Conduct inspections of assigned assets to develop a thorough understanding of properties and their competitive positioning; identify opportunities for improvement and communicate to relevant internal and external stakeholders.
• Develop leasing strategies and lead marketing and leasing calls with brokers.
• Negotiate and execute leases, property management agreements and other related contracts.
• Prepare and review annual property business plans including SWOT analyses and capital plans.
• Review and analyze monthly and quarterly property operation reports. Assess investment performance against pro forma/budgets; create action plans for underperforming assets.
• Prepare periodic reports to portfolio management, clients, and Barings senior management.
• Prepare hold/sell analyses; make recommendations to portfolio management and Investment Committee.
• Lead disposition effort including marketing strategy, buyer interviews, purchase and sale contract negotiation, and closing process.
• Analyze and determine ROI of new capital investment; monitor ongoing capital improvement work, including development and renovation.
• Support due diligence and closing processes on new acquisitions, including legal, financial and physical reviews. Present due diligence findings to Investment Committee.
• Assist with financings, including compilation and dissemination of due diligence information and participation in loan document negotiation.
• Forge and effectively manage strong relationships with operating partners, brokers and other industry participants and stakeholders.
• Develop deep knowledge of markets in which assets are located; responsible for analysis of market trends and economic drivers to understand impact on asset performance and enable adjustments to strategy in advance of or response to dynamic property market and capital market conditions.
• Support ESG efforts and implementation of ESG strategy across managed assets.
• Direct and mentor analyst support and junior asset managers.
• Report to Regional Asset Management Lead.

Qualifications

The ideal candidate would have the following:

• 15+ years of real estate asset management experience
• Bachelor’s degree required preferably with a Business, Finance or Real Estate focus; MBA or other advanced degree preferred
• Sophisticated financial skills, including advanced proficiency in ARGUS and Microsoft Excel
• Strong quantitative and analytical background
• Demonstrated negotiation and transactional experience
• Proficiency with capital structures (equity, debt, partnership waterfalls, etc.)
• Willingness and ability to travel
• Existing relationships with real estate market participants (brokers, leasing agents, owners/developers, lenders, appraisers, etc.)
• Exceptional interpersonal, verbal, and written communication skills; Proven presentation skills
• Sophisticated financial skills and capital markets perspective
• Ability to interact with senior management, line staff and third parties in a positive manner
• Highly organized and collaborative approach to problem solving; nimble and flexible to meet changing and dynamic market conditions
• Keen attention to detail and the ability to manage to aggressive deadlines
• Ability to prioritize and manage multiple tasks
• Excellent problem solving skills
• Ability to make key recommendations and decisions

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

FINANCIAL WELL-BEING

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

LIFE INSURANCE

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

OTHER BENEFITS

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program