Employment

Job Title:
Director, Asset Management, Hawaii Real Estate

Location:
Honolulu, Hawaii (offices in Kaimuki)

Reporting Relationship:
Giorgio Caldarone

Foundation Background/Culture

The Harry and Jeanette Weinberg Foundation, one of the largest private charitable foundations in the United States, is dedicated to meeting the basic needs of vulnerable people and families experiencing poverty. In 2019, the Foundation will provide approximately $125 million in grants to nonprofits, primarily in the US and Israel, that provide direct services in the areas of Housing, Health, Jobs, Education, and Community Services. Grants focus on supporting organizations that serve specific populations, including older adults, women and children at risk, people with disabilities, and veterans, as well as the Jewish community.

The Foundation administers the majority of its funding in its priority communities: Baltimore, Chicago, Hawaii, Israel, New York City, Northeastern Pennsylvania, San Francisco, and Rural Communities (primarily surrounding other priority communities). These areas are hometowns representing personal ties to the life and legacy of Harry Weinberg, as well as cities where Weinberg Foundation trustees reside and provide leadership. Since 1980, the Foundation has distributed grants totaling more than $2.2 billion.

Overview

  • Responsible for the planning, operational oversight and performance of a diverse portfolio of assigned commercial assets.  Oversees all commercial activities associated with assigned assets. The Director, Asset Management, will report directly to the Managing Director, Hawai’i Real Estate and may be required to supervise one or more staff, such as an asset manager, lease administrator, etc. Position will also collaborate with the Senior Portfolio Analyst (or equivalent position), other real estate staff, legal counsel, third party property managers and brokers, consultants, accounting team and others as needed.
  • Responsible for strategically planning and managing assets within the assigned portfolio to maximize total return performance.
  • Portfolio will likely consist of retail and industrial operating assets, ground leases and other strategic assets as assigned.

Management & Operations (60%)

  • Responsible for routine (lease negotiations, property management decisions, RPT appeals, etc.) and non-routine (regulatory violations, off cycle leasing requests, condemnations, etc.) transactions related to daily operations as well as interactions with internal staff, property managers, leasing agents and other third-parties.
  • Prepare documentation to support leasing and other transaction related decisions.
  • May provide oversight or directly manage other Asset Managers, Lease Administrator and assigned staff.
  • Track asset progress in relation to asset plan and other identified performance metrics (e.g. budgets, key transactions, vacancies, same store sales, ROI for capital investments, accounts receivables and delinquencies, total return, etc.).
  • Work with outside counsel to manage collections, lease defaults, terminations, etc.
  • Ensure contract compliance of property managers, leasing agents, and other vendors.
  • Engage with tenants, community members and other stakeholders as needed.

Planning (20%)

  • Independently develop asset plans for assigned assets. 
  • Identify strategic direction and positioning of assigned assets, to include: marketing and leasing strategies, operating model, cash flow forecasting, valuation, capital investments, key transactions (e.g. new leases, lease reopeners, assets sales timing, etc.) and performance metrics. 
  • Develop detailed understanding of geographical area and property sector market conditions. Market area demographics, competing projects, supply/demand trends, rent comparables, etc.

Financial Management (10%)

  • Create asset and portfolio level operating and capital budgets aligned with asset plan.
  • Monitor and report on asset and portfolio financial performance relative to budget. Provide periodic variance analysis.
  • Identify and monitor underperforming or watch list assets and tenants, etc.
  • Perform necessary financial analysis to support decision making (leasing, buy/sell/hold, capital expenditures, asset repositioning, etc.).

Other assigned duties (10%)

  • Perform other duties as assigned (e.g. support real estate IT system analysis and implementation, manage customer service initiatives, participate in government and agency working groups, etc.)

Education and Experience:

  • Bachelor’s Degree required, MBA or other related degree preferred
  • Continuing Education in Related Field and professional certifications (e.g. CCIM, MAI, RE License/broker, etc…) preferred
  • 12+ years of related work experience
  • Demonstrated understanding of commercial real estate investment activities, including leasing, acquisitions/sales, property management, investment analysis, repositioning and/or development, managing minor and major capital expenditures
  • Familiarity with state and local agencies and regulations with regards to entitlements, permits, zoning, required tenant licensing, archeological issues, etc.
  • Excellent financial analysis and modeling skills
  • Excellent understanding of real estate documents including leases, purchase and sales agreements, easements, titles, service contacts
  • Strong project management skills and ability to work collaboratively
  • Strong negotiation skills
  • Strong customer service orientation
  • Demonstrated strategic and operational thinking, excellent business judgement and decision making skills
  • Skilled in building and managing relationships
  • Strong interpersonal and communication skills, including presentation, oral communication, and writing
  • Strong computer skills and working knowledge of property budgeting and accounting systems preferred
  • Valid driver’s license
  • Sense of irony and humor

Successful applicants will be required to answer questions by email, participate in multiple interviews, provide strong current references and authorize a full background check.

The Weinberg Foundation is an equal opportunity employer. It embraces workforce diversity and is firmly committed to complying with all federal, state and local equal opportunity laws. The Foundation encourages all qualified applicants to apply.

Interested candidates should submit a cover letter and resume including a summary of relevant work experience and a statement of particular interest in this position, along with salary range requirements, to the following email assetmanager@hjweinberg.org. If the Foundation is interested in speaking with you, expect to be contacted within 30 days of submission. No phone calls, please. Thank you.

Job Title:
Summer Internship Opportunity

Location:
Owings Mills, Maryland

This posting will close on March 1, 2019

Foundation Background/Culture

The Harry and Jeanette Weinberg Foundation, one of the largest private charitable foundations in the United States, is dedicated to meeting the basic needs of vulnerable people and families experiencing poverty. In 2019, the Foundation will provide approximately $125 million in grants to nonprofits, primarily in the US and Israel, that provide direct services in the areas of Housing, Health, Jobs, Education, and Community Services. Grants focus on supporting organizations that serve specific populations, including older adults, women and children at risk, people with disabilities, and veterans, as well as the Jewish community.

The Foundation administers the majority of its funding in its priority communities: Baltimore, Chicago, Hawaii, Israel, New York City, Northeastern Pennsylvania, San Francisco, and Rural Communities (primarily surrounding other priority communities). These areas are hometowns representing personal ties to the life and legacy of Harry Weinberg, as well as cities where Weinberg Foundation trustees reside and provide leadership. Since 1980, the Foundation has distributed grants totaling more than $2.2 billion.

Job Summary

The Harry and Jeanette Weinberg Foundation is seeking a full-time summer intern. Candidates should be college graduates with a degree related to fields such as social work, public policy, public health, urban studies, nonprofit management, education, law, and gerontology.

The internship will provide a constructive work experience with a large private Foundation. The intern will have the opportunity to explore the field of philanthropy within a dynamic setting. In doing so, the intern will be expected to analyze and synthesize information and create reports for review and decision making at the Foundation. This internship will expose the individual to all areas of grantmaking, including the Small Grants program. The individual should have a strong interest in best practice research and program evaluation. Specific
projects will depend on the needs of Foundation staff and will be discussed during the interview process.

Qualifications and Experience:

  • Must have a college degree with GPA of 3.5 or higher
  • Must either be enrolled in a graduate program OR have two years of relevant work experience
  • Positive attitude, team player, and ability to work independently
  • Prior internship experience or other relevant experience a plus
  • Excellent oral and written communication skills

The intern must be able to commute to our Owings Mills office where free parking is available. This is a full-time (37.5 hours per week) paid position beginning in late May or early June 2019 and ending in August 2019.

Interested applicants should send a cover letter and resume to internship@hjweinberg.org by March 1, 2019. Please put your name in the subject line. No phone calls please.