Multifamily Asset Manager

Role and Responsibilities

The Asset Manager is responsible for setting best practices for diligence, underwriting, operations and reporting. In this role, you will oversee the management of multiple assets within the company, including owned, managed, and franchised units, as well as ancillary micro-businesses and services. This position entails a focus on the long-term strategic performance and financial planning and monitoring of individual assets and portfolios.

• Stay current on local market dynamics; thoroughly understand each investment and how it is positioned in its respective market to maximize the value of the investment
• Conduct monthly operational reviews, including financial results and management strategies for cost savings and revenue enhancements
• Conduct due diligence of legal documents, financial reports, operating projections, sales comps, legal agreements, surveys and marketing information
• Assist with coordination of management agreements, and other transaction documents ensuring appropriate review and approvals throughout the process
• Make investment recommendations including renovations, major capital expenditures, rental rates while navigating current market conditions
• Interact with operating partners throughout the portfolio on a daily basis to assist with the full scope of operations
• Perform regular and ad-hoc financial analysis and ongoing review of revenue data, forecasts, performance metrics, and profit/loss statements
• Review asset valuations on a quarterly basis and recommend strategies to improve portfolio value
• Work in partnership weekly with the Operations teams to execute on revenue management strategies
• Evaluate and recommend value enhancement opportunities (i.e., development, redevelopment, repositioning of asset, etc.); identify, analyze and implement opportunities for increased revenues and expense savings
• Recommend pricing management strategies for units, in partnership with Property Operations, Development, and Marketing teams
• Travel to the properties as needed to inspect the facilities, meet with management and tour the market areas and competitive units
• Participate during the due diligence phase of the acquisition process and analysis, assist in the coordination of recapitalizations, debt refinancing, restructurings and asset dispositions

Qualifications and Education Requirements

• Bachelor’s degree in business, accounting, finance, or a related field
• Strong analytical and quantitative skills with a good understanding of financial modelling and underwriting logistics
• Subject matter expertise in property management, preferably asset management from owned and operated companies
• Strong analytical and interpersonal skills are essential. Ability to work independently
• Excellent analytical, financial, and quantitative skills, with highest level of attention to detail
• Demonstrated interpretive knowledge of property level financial statements and financial analysis
• 3+ years’ real estate asset management or related financial experience
• Proficient in Microsoft Word, Excel, and PowerPoint