How to hire an asset manager

How to hire an asset manager, step by step

Here's a step-by-step asset manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an asset manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new asset manager
• Step 8: Go through the hiring process checklist

What does an asset manager do?

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1. Identify your hiring needs

   Before you start hiring an asset manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect asset manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of asset managers.

   Type of Asset Manager	Description	Hourly rate
   Asset Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$28-59
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71
   Accountant And Office Manager	An accountant/office manager is responsible for monitoring the organization's accounting records and financial reports, analyzing statistical information, and managing payroll processes. Accountant/office managers must have excellent knowledge of accounting disciplines and principles to perform accounting duties and train accounting staff of the accounting operations, overseeing account receivables, conducting bank reconciliations, and responding to the staff's inquiries and concerns... Show more	$16-35

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Asset Management
   • Financial Statements
   • Property Management
   • Customer Service
   • Oversight
   • Loan Portfolio
   • Project Management
   • Financial Analysis
   • Management System
   • Due Diligence
   • Strong Analytical
   • Fixed Assets
   • Reconciliations
   • Financial Performance

   Check all skills

   Responsibilities:

   • Manage and improve the processes require to support server end of life and normal windows patching processes.
   • Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
   • Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
   • Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
   • Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
   • Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.

   More asset manager duties

3. Make a budget

   Including a salary range in your asset manager job description helps attract top candidates to the position. An asset manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for an asset manager in Florida may be lower than in New York, and an entry-level asset manager usually earns less than a senior-level asset manager. Additionally, an asset manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average asset manager salary

   $85,814yearly

   $41.26 hourly rate

   ---

   Entry-level asset manager salary

   $59,000 yearly salary

   Updated December 19, 2025

   Average asset manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$111,341	$54
   2	California	$106,057	$51
   3	Massachusetts	$98,111	$47
   4	Connecticut	$96,574	$46
   5	Virginia	$96,264	$46
   6	Rhode Island	$95,681	$46
   7	Oregon	$95,531	$46
   8	Pennsylvania	$95,455	$46
   9	District of Columbia	$93,056	$45
   10	Maryland	$92,953	$45
   11	Washington	$91,599	$44
   12	Illinois	$87,097	$42
   13	Minnesota	$84,287	$41
   14	Kansas	$84,254	$41
   15	Texas	$84,227	$40
   16	Arizona	$83,159	$40
   17	Ohio	$82,345	$40
   18	Michigan	$81,133	$39
   19	North Carolina	$80,050	$38
   20	Indiana	$79,528	$38

   Average asset manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Deutsche Bank	$159,025	$76.45	21
   2	Pacific Investment Management Company LLC	$129,508	$62.26	11
   3	Santa Clara Valley Water District	$127,991	$61.53
   4	Google	$127,504	$61.30	1
   5	Logitech	$126,859	$60.99	2
   6	Applied Materials	$124,872	$60.03	14
   7	Crown Castle International	$123,495	$59.37
   8	Ernst & Young	$123,411	$59.33	3,374
   9	Blackstone Group	$122,531	$58.91
   10	Low Income Investment Fund	$121,801	$58.56
   11	Chevron	$121,370	$58.35
   12	Northern Trust	$121,330	$58.33	7
   13	Pwc	$117,155	$56.32	1,946
   14	Koch Industries	$116,775	$56.14
   15	Microsoft	$114,993	$55.29	106
   16	ViacomCBS	$114,624	$55.11
   17	Cisco	$109,424	$52.61	2
   18	Partners Group LTD	$109,118	$52.46
   19	Royal Bank of Canada	$107,789	$51.82	25
   20	Bell Flight	$106,758	$51.33

4. Writing an asset manager job description

   A good asset manager job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an asset manager job description:

   Asset manager job description example

   The Senior Asset Manager is responsible for ensuring the overall financial performance of project assets within the assigned portfolio group. They are responsible for leading all business, legal, partnership, financial and public relation matters associated with the project asset portfolio. The Senior Asset Manager is responsible for enhancing the profitability of energy assets and energy infrastructure projects through close collaboration with accounting, regulatory, trading, project development, engineering, and related groups within the CEBs. The Senior Asset Manager will also work closely with project management and business development members as well as project partner representatives.
   
   We offer a very competitive salary with annual target bonus, 401k plan with company match, comprehensive benefit package, generous time off policy, matching Employee Stock Purchase Plan, excellent Tuition Aid Program and a collaborative working environment in a growing organization.
   Responsibilities 1. Serve as contract manager and ensure all contractual obligations with respect to the project portfolio are met, including but not limited to: project financing, power purchase agreements, land lease, property tax matters, warranty claims, insurance management, interconnection agreement, etc. 2. Lead the budgeting, forecasting, and performance analysis of new and existing assets. Act as lead CEB liaison to partners and management committees of project companies. Optimize project performance and enhance asset valuation. Prepare monthly, quarterly and yearly reports for management committee meetings, lender meetings and others as required by project agreements. 3. Establish and lead relationships with key project partners such as lenders, PPA provider, land owners, management committee members, local civic groups, etc.
   4. Review project operating reports and documents to ensure production targets are met as well as compliance with all regulatory requirements. Lead reporting cycle to ensure timely, accurate reporting of financial, operational and contractual obligations.
   5. Maintain an understanding of accounting rules, valuation techniques and law changes affecting asset value. Actively support CEB teams analyzing asset acquisitions. Qualifications EDUCATION:
   • Four year engineering/finance degree
   • Masters in business administration (finance) or Certified Financial Analyst (“CFA”) preferred EXPERIENCE: • 10 years experience in a related renewable energy field, with direct expertise in a financial, energy-related environment preferred.
   • Experience with renewable energy asset management
   • Experience managing contracts related to large scale energy facilities.
   • Budgeting, forecasting, energy industry research, and team building are highly desirable.
   • Prior experience with power generation, renewable and gas facilities is a plus
   • Demonstrated experience in building strategic relationships with internal and external project partners and stakeholders Equal Opportunity Employer: Consolidated Edison is an equal opportunity employer and, as such, affirms in policy and practice its commitment to recruit, hire, train, and promote, in all job classifications, without regard to race, color, creed, religion, sex, gender, age, national origin, marital status, sexual orientation, gender identity, gender expression, citizenship, eligible veteran status, disability, or any other status protected by law.
   Con Edison is a federal contractor subject to VEVRAA and desires to receive priority referrals of protected veterans. You must be eligible to work in the US independent of company sponsorship.

   Copy this example

   

5. Post your job

   To find asset managers for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any asset managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level asset managers with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your asset manager job on Zippia to find and recruit asset manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Recruiting asset managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new asset manager

   Once you've found the asset manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   To prepare for the new asset manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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