Vice President (VP), Asset Management Salary
The average salary for a Vice President (VP), Asset Management is $120,671 per year. Most people in this job have more than five years' experience in related jobs. A skill in Real Estate is associated with high pay for this job.
Job Description for Vice President (VP), Asset Management
The role of a vice president of asset management is to handle their company's bonds, property investments, and other financial assets. Generally, these VPs oversee a team and review generated reports, while they themselves report directly to the president or CEO of their company.Read More...
Those in this position monitor the purchase, maintenance, and upkeep of company-owned buildings and the purchase of properties for expansion, so extensive knowledge of financial investment and property management are essential. The team which works underneath this person is generally responsible for reporting both financial growth and setbacks, and the VP must inspire and motivate these team members to meet goals set by higher management. They may also be required to create quarterly, semi-annual, and annual reports demonstrating the company's profitability.
As team leaders, these VPs must have strong leadership and motivational skills. A bachelor's or master's degree in business management, finance, or a related field is generally required for this position, as is extensive work experience. Travel may be required depending on the employer, though these VPs may also have a home office. They generally have normal work schedules, but may be required to work extra hours to ensure that all their goals are met.
Vice President (VP), Asset Management Tasks
- Review and approve proposals for changes in asset management.
- Develop and implement strategies to increase the value of company assets.
- Oversee the management of company asset portfolios by asset managers.
- Perform financial analysis on assets and report results to senior management and clients.