Senior Manager / Director, Asset Management

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Senior Manager / Director, Asset Management

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AvalonBay Communities

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Overview

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

Position Details

Position Type : Full time

State : MA

City : Boston

Zip Code : 02210

Compensation :

$125,600.00 - $209,300.00

The Role

The Senior Manager / Director of Asset Management is responsible for analyzing asset performance, identifying and executing value-creation and risk-mitigation opportunities, and driving initiatives that enhance community value and financial performance. This role partners closely with leaders across Operations, Construction, Investments, Development, and other corporate teams to optimize asset outcomes and ensure alignment with AvalonBay’s long-term investment strategy.

Key Responsibilities

Asset Management

Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners

Collaborate across functions—including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility—to identify value-creation opportunities

Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies

Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value

Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses

Lead approval and execution of capital investment programs

Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases)

Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks

Asset Investment Planning

Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance

Coordinate immediate and long-term CapEx planning and ensure alignment with overall asset strategy

Present business plans and performance projections to regional and corporate leadership

Support hold / sell decision-making and portfolio optimization strategies

Maintain proficiency in financial modeling and valuation techniques

Qualifications

Bachelor’s degree required; MBA in Finance, Real Estate, or related field preferred

7+ years of experience in asset management, acquisitions, or property management—preferably within the multifamily sector

Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics

Demonstrated ability to navigate complex ownership structures and joint venture partnerships

Exceptional communication, presentation, and organizational skills.

Strategic thinker with hands‑on execution capability; able to drive outcomes through influence and collaboration

Proficiency in Microsoft Excel, Word, and PowerPoint

How AvalonBay Supports You

We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.

We Offer

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.

Growth based on achievement and promotion from within.

Associate recognition program.

20% discount on apartment homes.

A culture built on purpose and our core values.

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated.

Applications are being accepted on an ongoing basis.

AvalonBay does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and / or leave these fields incomplete on your application.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice.

Job ID : JR105729

Seniority level

Director

Employment type

Full-time

Job function

Finance and Sales

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