Asset Manager

About the position

The primary job responsibility is to support the national Asset Management team in optimizing, tracking and reporting portfolio performance, executing acquisition business plans, and maintaining ongoing investor relations. Additional responsibilities include but are not limited to: Audit property level contracts and operating data to identify new revenue sources and efficiencies. Create, maintain, and implement proprietary company Asset Management tools and templates. Facilitate and lead regional property performance calls; provide feedback and guidance for rent and occupancy targets, expense management and capital spend in accordance with the business plan. Produce debt and equity investment summary reports. Prepare and execute conveyance of property and portfolio performance to internal and external ownership partners and lenders. Travel locally and nationally to various markets as needed (est. 20%) to execute operational site visits to assess operational and financial performance relative to the business plan and to perform physical property inspections. Produce property and entity level monthly tracking reports and performance summaries. Contribute to and maintain monthly cashflow forecasting and asset valuations. Manage internal software dashboard and asset lifecycle conveyance. Facilitate cash flow distributions including maintaining waterfalls and preferred return schedules. Collaborate with Property Management team on annual budgeting. Facilitate obtaining lender and investor approvals for various business activities. Assist with existing property recapitalizations. Ongoing loan compliance and lender reporting as assigned. Prepare and update internal valuation models and memos as assigned. Communicate with investors, brokers, vendors, and onsite personnel as needed. Ad hoc analysis as needed and other duties as assigned.

Responsibilities

• Support the national Asset Management team in optimizing, tracking and reporting portfolio performance.
• Execute acquisition business plans and maintain ongoing investor relations.
• Audit property level contracts and operating data to identify new revenue sources and efficiencies.
• Create, maintain, and implement proprietary company Asset Management tools and templates.
• Facilitate and lead regional property performance calls.
• Provide feedback and guidance for rent and occupancy targets, expense management and capital spend.
• Produce debt and equity investment summary reports.
• Prepare and execute conveyance of property and portfolio performance to ownership partners and lenders.
• Travel locally and nationally to various markets as needed (est. 20%) for operational site visits.
• Produce property and entity level monthly tracking reports and performance summaries.
• Contribute to and maintain monthly cashflow forecasting and asset valuations.
• Manage internal software dashboard and asset lifecycle conveyance.
• Facilitate cash flow distributions including maintaining waterfalls and preferred return schedules.
• Collaborate with Property Management team on annual budgeting.
• Facilitate obtaining lender and investor approvals for various business activities.
• Assist with existing property recapitalizations.
• Ongoing loan compliance and lender reporting as assigned.
• Prepare and update internal valuation models and memos as assigned.
• Communicate with investors, brokers, vendors, and onsite personnel as needed.
• Conduct ad hoc analysis as needed and other duties as assigned.

Requirements

• 5-7 years of experience in a multifamily asset management role.
• Understanding of industry standard real estate terms and concepts (i.e. cap rate, NOI, IRR, etc.) and accounting statements (P&L, Balance Sheet, etc.).
• Highly analytical with advanced skills in MS Office, particularly Microsoft Excel.
• Experience with RealPage product suite, Appfolio, CoStar.
• Strong written and verbal communication skills.
• Ability to work independently.
• BA / BS degree – majors in finance, real estate, economics, or STEM.

Benefits

• Medical, dental and vision insurance, including flexible spending accounts.
• Life, accidental death and dismemberment, short-term disability and long-term disability insurance available.
• Employee Assistant Program.
• 401(k) Retirement Plan (pre-tax and Roth) options available.
• 18 days per year of PTO, total increases with years of service.
• Housing discount available at any one of our properties.
• 8 paid holidays annually.
• Tuition Reimbursement for continuing education.