Job Description

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Job Summary:

Bessemer Trust manages and provides advisory services to its clients for all types and classes of real estate assets held individually and in a fiduciary capacity nationwide. Our clients rely upon us as the industry leader in wealth management to provide highly customized solutions in a confidential setting to achieve their investment goals. We seek a real estate asset manager who will report directly to and support the Head of Real Estate Advisory. As fiduciary, we manage family homes and real estate investments in all real estate asset classes, accounting for its unique capital demands, to accomplish a family's specific aims over generations. This position will be based in our Los Angeles office.

Responsibilities:

• Oversight of a portfolio of assets in any asset class which may include residential single family homes, apartments, retail, industrial, office, net leased assets, ranches, timber and vacant land.
• Work with clients/co-fiduciaries on the purchase and sale of real property including conducting market due diligence, employment of real estate brokers and attorneys, establish pricing negotiation of relevant documents and administration through closing.
• Oversee capital improvement and repair projects including recommendation and oversight of relevant professionals and vendors to budget, oversee and complete projects.
• Asset management of commercial investments including working with third party partners and property managers to ensure their direction and represent our clients' interests as fiduciary or advisor.
• Negotiate Lease agreements with residential and commercial tenants and monitor compliance with Lease terms including rent, escalations, options and insurance tenant and landlord obligations.
• Work closely with Operations team to ensure adherence to regulatory compliance, policy, and efficiency in departmental transactions.

Qualifications:

• The ideal candidate should have a Bachelor's degree and a minimum of 15 years of related real estate experience, including direct responsibility for asset management of properties or interests in property held in entities and oversight of capital transactions sales and acquisitions.
• Institutional asset management experience and/or property management experience with exposure to a broad range of property types.
• Knowledge of transaction process for and underwriting including experience with the underwriting of transactions, valuation, and financing of residential and commercial real estate.
• Working knowledge Microsoft suite; experience with Yardi, and Argus a plus.
• Excellent interpersonal, organization, presentation, and communication skills.
• Excellent attention to detail.
• Successful candidate must be results driven and a motivated self-starter.
• Fiduciary experience a plus
• Travel required as needed

The base salary range for this position is $190K - $220K. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.

In addition, this position may be eligible for a discretionary incentive-based bonus based on individual and company performance.

Eligible employees may participate in a 401 (K) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability covering and paid holidays, vacation, and sick days.

About Bessemer Trust Bessemer Trust is a leading multifamily office, overseeing more than $150 billion in assets for over 3,000 individuals and families of substantial wealth. Its nearly 1,200+ employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.

Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.

Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer's adherence to putting clients' interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

Key Facts

• For more than 115 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
• Headquartered in New York's Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm's largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
• To watch a video about Bessemer Trust's history, click here.
• To learn more about Bessemer Trust, click here.

About Our Employee Rewards and Benefits

We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:

• Competitive base salary plus discretionary annual bonus for select positions
• A 401(k) plan with a generous annual profit-sharing contribution
• Personalized development and career opportunities, including tuition reimbursement support
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
• Employee assistance (EAP) and wellness programs
• Hybrid work environment: 60% in office, 40% remote for most positions
• Paid time off and paid parental leave
• Employer-paid life insurance and short- and long-term disability coverage
• Legal services and financial wellness plans at no cost to employees

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.

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