Asset Manager
Our ideal team member will be responsible for Asset Managing Multifamily Assets :
- Monitor a growing portfolio of multi-family properties located in the Southeastern United States
- Oversee, report on and enhance property operations with a goal of :
- Accurately and systematically reporting clearly and concisely property performance against a variety of goals
- Increasing performance against those goals, and,
- Protecting and ensuring the long-term viability of assets
- Analyze property assets, recommend and implement improvement strategies to maximize operational performance of the portfolio
Travel : Approximately 35%. Must have a valid drivers’ license.
Essential Duties & Responsibilities :
Under the direction of the VP – Director of Asset Management, oversee the operations of the company’s investment propertiesCreate, solicit input, then distribute quarterly performance reports to investorsReview and monitor monthly operational reports and evaluate property performance :Summarize operations for review by principalsHighlight property performance vs. goalsFor adverse issuesInvestigate issues by interacting with the management companyDocument explanation from management companySolicit / create plan(s) for remediation, including cost and schedule, and build a consensus plan with the management company and MACPDocument and report on progress towards goalHighlight / expose patterns around adverse issuesMaintain database of critical information for each deal (loan terms, ownership structure, required repairs, reserve balances, capital flow etc.) and track key items and datesCreate and maintain investor return scenarios per asset in relation to distributions, refinancing, saleCreate, implement, and maintain a communication policy for investors and partners involving direct interaction and social mediaOversee our compliance with lender and insurance operational and deferred maintenance requirementsAssist in deal closings including soliciting 3rd
party reports, receiving and organizing reports and data, and related tasks
Assist with organizing and backfilling information on older transactionsFor new construction or acquisitions with value-add improvements :o Maintain schedule and cost budget
o Provide weekly updates on progress
o Highlight delays or concerns
Research and understand driving forces in individual property markets, recognizing when trends might be working with or against our investmentsProvides support and analysis to our management partners with the goal of increasing profitability and reducing riskIdentify partnerships that require Watchlist status and develop strategies to address all issuesTravel periodically, but no less frequently than quarterly, to each property for general observation of condition, meeting with property management staff, reinforcing performance goalsAssist in maintaining and updating company’s profile on social mediaPerforms other duties and responsibilities as assignedQualifications
Knowledge and Skills :
Knowledge of :
Institutional asset managementAdvanced concepts, principles and practices of multi-family real estate / housing operations, including property inspections, property management and property maintenanceKnowledge of real estate finance.Knowledge of institutional investment strategies and partnership structuresAccounting principles.Skill in :
Strong analytical skills & financial acumenUse of MS Office productsDocument Management technologyCommunication, both orally and writtenFollow-up to ensure resolution and completion of tasksOperating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheetsEducational / Previous Experience Requirements :
Bachelor’s Degree (B.A.) in related field and a minimum of five (5) years of multi-family asset management experience
~or~
Any equivalent combination of experience, education, and / or training.