Asset management coordinators are in charge of coordinating and supporting the strategic development of assets for their organization. They are responsible for managing and completing all administrative processes related to asset management, and one of their main duties include organizing and managing all related records. Asset management coordinators also participate in overseeing escrow related to replacement reserves, ensuring their work meets established asset management guidelines. Other tasks performed by these professionals include scheduling property inspections, preparing inspection files, collecting financial data, analyzing financial statements, and presenting at business meetings. In all tasks, coordinators must follow all relevant privacy rules. Generally, they report their progress to the asset management supervisor in their department (including through regular asset management reports).
At least a bachelor's degree in management, finance, economics, or a related field is necessary for this position. Previous experience in an asset coordinating capacity is required as well. Asset management coordinators must have excellent organizational and task-prioritization skills. Additionally, they need to pay excellent attention to detail and possess strong interpersonal skills. Coordinators must work well with colleagues to reach all company goals in a timely manner; however, they also need to perform effectively on their own with minimal supervision.
Asset Management Coordinator Tasks
Prepare reports and give presentations on asset usage, financial performance, operations, and maintenance.
Ensure databases recording property assets are up to date and accurate.
Oversee leasing and development of property, and participate in discussions about long term management of property.
Manage a portfolio of assets including real estate, infrastructure, and buildings, identifying the best uses of the property.
Hire, train, and supervise staff members, assigning activities and evaluating employee performance.