Regional Asset Manager

$110,000 - $130,000/Yr

LDG Development - Austin, TX

Full-time - Mid Level

Austin, TX

Administrative and Support Services

About the position

The Regional Asset Manager at LDG Development is responsible for overseeing a designated portfolio of communities, ensuring optimal resident experiences and enhancing asset value throughout its lifecycle. This role involves strategic planning, financial oversight, and collaboration with property management to mitigate risks and achieve operational goals, all while upholding the company's values of transparency and professionalism.

Responsibilities

• Evaluate overall property performance to develop and implement a strategic business plan.
• Monitor and evaluate financial operating results to enhance cash flow and profitability by completing monthly financial reviews and reviewing weekly property operating KPIs.
• Oversee cash management for properties, including reviewing monthly cash forecasts and preparing funding requests.
• Manage cash needs through utilization of replacement and operating reserves and timing of major expenditures.
• Perform a detailed review of the property's annual operating budget and approve the final budget.
• Project the annual cash flow for distribution and schedule cash sweeps from the properties.
• Work collaboratively with property management to identify challenges and execute timely and effective solutions.
• Conduct regular site visits to review curb appeal, CapEx projects, common area and vacant unit inspections, and personnel issues.
• Assess project and partnership risk factors related to compliance with Section 42 (LIHTC) provisions and other agreements.
• Review all closing documents and construction plans upon new deal handoff to understand investment underwriting and responsibilities.
• Monitor construction progress and building delivery turnover schedule for new deals.
• Provide lease-up goals to the property management company and develop strategies to achieve them.
• Participate in construction building walks and monitor first-year tenant file audits.
• Collaborate with various stakeholders to develop an annual resident experience calendar.

Requirements

• 3-5 years of relevant experience in multi-family asset management or 5 years of relevant experience at the regional property management level.
• Working knowledge of Section 42 (LIHTC) principles and requirements.
• Bachelor's Degree with a concentration in Real Estate, Finance, or Business preferred.
• Strong analytical and quantitative skills with an emphasis in financial analysis.
• Understanding of real estate accounting principles and financial reporting procedures.
• Proficiency with Microsoft Office suite, especially Excel.
• Ability to work proactively, independently, and as a strategic partner in a team environment.
• Strong communication skills, both oral and written, with the ability to be persuasive and organized.
• Ability to handle pressure, meet deadlines, and set priorities for workload.
• Ability to identify and resolve problems in a timely manner.

Nice-to-haves

• Experience with financial analysis and reporting procedures in real estate.
• Familiarity with property management software.

Benefits

• Competitive salary range of $110,000 - $130,000 per year.
• Opportunities for professional development and growth within the company.