Posted: 02-Feb-23
Location: Saint Paul, Minnesota
Type: Full Time
Salary: $50,000-$55,000 annualized
About Us
AEI Capital recently celebrated its 50th year anniversary and is one of the nation’s leading commercial real estate investment firms in the country. The company is based in downtown St. Paul at the Wells Fargo Building. The company has a strong track record over the years and has raised over $1.3 Billion from investors and acquired 489 assets. AEI private investment Funds are designed to meet the needs of high producing financial advisors and their high-net-worth clients.
About You
You’re passionate about your work and strive to achieve goals. You offer an extra hand and aren’t afraid to ask for help when needed. You act with integrity and respect for the people around you. You get the big picture while executing the little details. In other words, you share our core values — Relationships, Integrity, Collaboration, Hard Work, Excellence and Service.
Responsibilities
The Asset Management Associate supports the work of the Asset Management Team to oversee and maximize the value of AEI’s portfolio of net lease commercial real estate assets. Under the supervision of the Vice President, Asset Management, and in collaboration with Asset Managers and Facilities Specialists, the Associate will:
Portfolio Insurance Administration
- Manage insurance premium allocations and prepares quarterly insurance reports.
- Seek and track insurance expense reimbursement from tenants and other payors.
- Ensure vacant properties consistently maintain appropriate insurance coverage.
- Coordinate lease requirements with the asset manager, acquisitions department, property sales department and tenants to ensure compliance on all insurance issues.
- Communicate and coordinate the implementation of corrective procedures on any default status.
- Manage insurance claims to ensure timely collection of proceeds and coordinate any remediation, construction or corrective measures.
- Work with insurance brokers and third-party vendors to quote, bind and maintain insurance coverage for AEI’s portfolio of commercial properties.
Portfolio Real Estate Tax Administration
- Administer and track of real estate tax valuations, assessments, payment and reimbursements. Assemble data required to appeal valuations and track the status of appeals.
Facilities Support
- Assist Facilities Specialists with contract administration, invoice processing, vendor scheduling and other tasks as needed.
Information Systems
- Assist with data entry, updates and audits of data integrity for asset management systems.
Asset Management Teamwork
- Assist with technology integration, process improvement and other duties as necessary or assigned.
- Continually seek creative and innovative opportunities to enhance the performance of the properties and the asset management team. Maximize the effective use of systems and technology.
Requirements
- Strong analytical and multi-tasking ability.
- Proficient with Microsoft Office suite, advanced excel skills preferred
- Comfortable with data management systems.
- Enjoy problem solving and providing solutions.
- Flexible; able to adapt to differing situations and changing priorities.
- Comfortable working without close supervision.
- Able to identify key issues in an environment of numerous competing demands.
- Tenacious in meeting deadlines. Excellent self-discipline.
- Entrepreneurial mindset – loves to be challenged, puts clients and teammates first, collaborative, inquisitive, self-motivated.
- Ability to embrace company values: Relationships, Integrity, Collaboration, Hard Work, Excellence and Service