The Asset Manager is responsible for the financial and operational oversight of a portfolio of institutional-quality, stabilized and lease-up multifamily assets. This role focuses on executing approved business plans, maximizing asset value, and delivering risk-adjusted returns aligned with investor objectives. Serving as the primary owner representative, the Asset Manager partners closely with joint venture partners, lenders, internal teams, and third-party property management companies to monitor performance, drive strategic initiatives, and ensure consistent execution across the portfolio. This role will play a key part in the full asset lifecycle, including budgeting, reforecasting, refinancing, hold/sell analysis, and disposition support, while providing data-driven insights to guide investment decisions.
Summary of Responsibilities:
Asset Performance & Business Plan Execution
- Drive financial and operational performance across a portfolio of multifamily assets, with a focus on long-term value creation
- Execute approved business plans to optimize NOI and achieve investment objectives
- Identify opportunities to enhance revenue, control expenses, and improve overall asset performance
- Analyze asset performance relative to original underwriting assumptions and recommend strategic adjustments
Financial Analysis & Reporting
- Review and analyze monthly financial reporting, including rent rolls, income statements, balance sheets, delinquency reports, and budget vs. actual performance
- Lead monthly financial reviews and communicate performance trends and recommendations to internal stakeholders and investors
- Build and maintain cash flow projections and sensitivity analyses to support refinancing, budgeting, and hold/sell decisions
- Oversee asset-level reporting, including cash flow forecasting, distributions, and working capital management
Debt & Capital Management
- Analyze and monitor loan structures, covenants, and maturity schedules
- Oversee loan administration, covenant compliance, and lender reporting
- Partner with internal and external stakeholders on refinancing and capital planning initiatives
- Support financial modeling and decision-making related to capital events
Property Management Oversight
- Act as the primary liaison with third-party property management teams, ensuring alignment on performance expectations
- Oversee portfolio-wide pricing strategy, incorporating market trends, occupancy, and revenue targets
- Support lease-up execution and stabilization efforts across applicable assets
- Conduct and document property inspections, providing actionable recommendations to improve operations and financial performance
- Monitor leasing velocity, expense management, and resident experience metrics
Market & Portfolio Analysis
- Monitor market trends, competitive positioning, and local economic conditions to inform strategy
- Translate market intelligence into actionable recommendations for portfolio optimization
- Maintain regular communication with joint venture partners, lenders, and internal stakeholders
- Support asset disposition processes, including buyer diligence, data room coordination, and closing activities
- Assist with acquisitions, dispositions, and ad hoc portfolio analysis as needed
Summary of Ideal Qualifications:
- Bachelor’s degree in real estate, Finance, Accounting, Economics, or a related field
- 4+ years of relevant asset management experience
- Experience managing institutional-quality multifamily assets
- Exposure to joint venture structures, investor reporting, and third-party property management oversight
- Experience supporting refinancing, dispositions, and capital events strongly preferred
- Strong analytical and financial modeling skills, including the ability to interpret operating statements, budgets, and proformas
- Advanced proficiency in Excel; working knowledge of Word and PowerPoint
- Experience with property management/accounting systems (Yardi preferred)
- Strong communication skills with the ability to influence and collaborate across internal teams and external partners
- Self-motivated, detail-oriented, and comfortable operating in a fast-paced, entrepreneurial environment
NexMetro’s Core Values:
- Servant Leadership: Lead with humility, providing encouragement and empowering achievement.
- Collaborative Spirit: Communicate efficiently, effectively and respectfully.
- Pursuit of Excellence: Inspire individual drive, focus and performance to create a best-in-class organization.
- Do the Right Thing. Always: Act honestly, ethically, and responsibly.
- The Power of Fun: Life’s too short. Make work fun.
NexMetropian Qualities:
NexMetro team members, also known as NexMetropians, form a diverse group of professionals from many walks of life with certain shared traits that create a common thread. NexMetropians are humble, understanding that our strength comes through our collective abilities and not through individual achievement. NexMetropians are hardworking team members willing to roll up our sleeves to help others regardless of our role within the organization. NexMetropians lead by example, and we do not ask things of our team members that we are not willing to do or have not done ourselves in the past. Finally, NexMetropians are a lot of fun, and we enjoy working together to build a great company and a great product for our residents.