Fixed Asset Manager

Fixed Asset Manager

First Citizens Bank

Wake Forest, NC 27588

Posted 10 months ago

  • Job Type(s)

    Full Time
  • Industry

    Accounting, Finance
  • Job Description

    Fixed Asset Manager

    Overview:

    This role will be responsible for performing the day-to-day administration and management of the bank's corporate real estate portfolio including database administration. This position ensures timely performance of lease and real property responsibilities. The role assists with completing real estate research, analysis summaries and reporting. The role reconciles and processes rental income/expenses and processes wire transfers for real property purchases. Lastly, this position supports regular reporting and budget routines, research and reporting on budget variances and ensure the corporate real estate group operates within relevant governance/control procedures and processes.

    *This position can sit in either the Raleigh, NC office or the Columbia, SC office. Hybridoptions available.*

    Responsibilities:
    • Property Administration Assist in the Management of the daily administration of real estate interests and other real estate (ORE) non-Bank properties. Ensures documentation is recorded, and that property files are accurately maintained in the lease management system. Issues notices and requests related to real estate. Handles property owner's association duties.
    • Portfolio Management Assist in the Management of lease performance including landlord and tenant lease responsibilities. Ensures data integrity in the portfolio management system. Provides reports to management on portfolio status and profitability. Maintain Bank property insurance listing and valuation reporting.
    • Property Finances - Tracks, pays and manages financial elements for Bank property, including related charges, tax appeals, and valuations. Investigates and reports on budget variances. Support lease and purchase agreement negotiations.
    • Business Support - Supports internal and external audits of CRE processes. Provides guidance on real estate-related matters such as tax appeals, title insurance, valuations, and property administration. Assists in the planning and execution of other department initiatives as needed.
    Qualifications:

    Bachelor's Degree and 2 years of experience in Lease Administration or Commercial/Corporate Property Management

    -OR-

    High School Diploma or GED and 6 years of experience in Lease Administration or Commercial/Corporate Property Management

    Additional Qualifications:

    • Corporate/Commercial Real Estate (CRE) experience required.
    • Have a sound understanding of complex real estate terms, financial and legal concepts required.
    • Commercial Paralegal experiencestrongly preferred.
    • Commercial Property Accounting experience preferred.
    • Background in Corporate/CRE Audit preferred.
    • Proactive, reliable, action oriented and highly organized.
    • Proven critical thinking and problem-solving skills.
    • Relationship and partnership building skills.
    • Must possess a valid driver's license. Position requires occasional travel to other offices, customers, providers, etc.
    • Knowledge of MS office suite products with specific emphasis on MS Word, MS Excel, MS PowerPoint & MS Outlook.
  • Candidate Profile

    Qualification High School