AVP, Portfolio Management

Company Overview

Berkshire Residential Investments

is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Position Summary

The AVP, Portfolio Management will assist the Portfolio Manager(s) in overseeing their respective portfolios on behalf of Berkshire.

Responsibilities include, but are not limited to :

The AVP, Portfolio Management will participate in decision making with the Portfolio Manager(s) in all aspects of effectively overseeing their respective portfolios including but not limited to the following :

Annual Portfolio Business Plan, which includes long-term and tactical strategies

Investment selection for portfolio

Investment management and disposition strategy

Client relationship management and communication

Cash management – capital calls / distributions

Financing strategy for portfolio and properties

Internal / Investor reporting and meetings

Provide analytical support as requested by Portfolio Manager(s)

Work with client directly and with client’s consultants, including tax, if necessary

Prepare Annual Property Business Plans, with oversight by Portfolio Manager

Work with Portfolio Manager on impact of tactical changes to Property and Portfolio Business Plans on projected performance as per Portfolio Model

Monitor, oversee and report on Property Management’s execution of business plans

Prepare monthly and quarterly performance reports for management and investors with approval by Portfolio Manager

Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues in order to improve operations

Benchmark property performance against industry and peers

Budget review, oversight, and analysis

Stay abreast of relative market information for all markets related to the portfolio. Work closely with Berkshire’s Research team to stay abreast of their viewpoint and recommended course of action for each market they cover

Work with Portfolio Valuation & Analytics Group in quarterly property valuations

Consistently demonstrate use of tact and discretion

Knowledge / Experience :

At least seven (7) years of experience in the real estate industry

Previous experience in portfolio management preferred, asset management or acquisitions

Ability to identify problems early and solve them effectively with minimal assistance

Experience with multifamily value creation opportunities and the ability to act on them through others

Have the ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Portfolio Valuation and Analytics, Property Management and Acquisitions and Dispositions

Ability to take direction from multiple sources while effectively managing multiple, changing priorities

Ability to assess and quantify risk

Real estate accounting and tax knowledge a plus

Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual

Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving

Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications

Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic

Proficiency and willingness to adopt new systems and processes

Demonstrate emotional intelligence in high pressure and sensitive situations

Ability to see, analyze and understand business dealings in terms of the overall business plan

Tenacity, patience, and perseverance to work with business deals from beginning to end of process

Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities

Maintain confidentiality of sensitive information and communications of information

Develop productive working relationships with all team members including internal clients and external third parties

Demonstrated high level of ethics and integrity with a straightforward and honest approach

Technical / Educational Requirements :

Bachelor’s Degree in a related field. MBA, related Master’s degree or CFA a plus

Experience with Yardi, Argus and other asset management applications, a plus

Demonstrated advanced financial modeling and Excel skills required

Demonstrated ability to use and learn new technology (e.g., computers / hardware, mobile, software, cloud-based programs)

Proficiency with computers, keyboards, monitors and telephone headsets.

Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) including ability to perform excel modeling including cash flow modeling and various return calculations and analysis

Berkshire Residential offers an

excellent benefits package , focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our

Careers page

for full details – and to learn more about how we value our employees.

Berkshire Residential values

diversity, equity, inclusion and belonging . Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

Qualifications Education

Required

Bachelors

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the

Know Your Rights

notice from the Department of Labor.

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