Multi Family Asset Manager

Job Description

Summit Communities was founded in 2009 by a group of local Colorado natives who saw a need in the marketplace to provide clean, quality housing to those who might have previously gone through a challenging time in life and yearn for the dignity of a second chance.

 

We are a values driven organization:

 

-Empathetic Honesty--we choose to be successful over being right

-Meaningful Balance--weigh both sides of every situation and decide appropriate action

-Continuous Growth--Learn, Evolve, Innovate

-Compassionate Commitment--we meet people where they are while nurturing the human spirit

 

Our target market chooses to live in our communities because we provide very responsive management, all of our units are freshly renovated and we understand life challenges and support those who are looking for a second chance.

 

We are a “Rent Growth” organization.  By taking on the risk of supporting this community and growing rents above industry norms we are able to provide our investors strong returns, our employees with opportunities for career advancement, and our communities with a housing choice not typically being served by the industry.  

 

Purpose:                   

 

The primary function of the Asset Manager is to oversee all aspects of the administrative, financial, capital and operations of an assigned multifamily housing portfolio.

 

Essential Job Duties and Responsibilities:

 

-Direct goals and objectives for each property.

-Oversee local/regional property management, construction management, and personnel issues.

-Perform special projects within the portfolio, and other responsibilities, as assigned.

-Host weekly asset management calls across the portfolio.

-Monthly, quarterly, and annual reporting of the portfolio. Monthly review of operating statements.

-Financial analysis, market studies, and industry standard reporting (i.e. variance reporting, discounted cash flows, etc.)

-Develop and build great teams that live the Summit culture to ensure the highest level of productivity from on-site teams and longevity of staff. Top down cultural development.

 

Supervisory Responsibilities:

 

Hire, manage, coach and terminate, as necessary, all Property Managers and site level staff. Oversee and approve most on-site staff including but not limited to Property Managers, Assistant Regional Managers and Leasing & Marketing Specialists within the assigned region.

 

Other Duties:

 

Assisting on potential acquisitions:

 

Organizing and executing due diligence and closing of acquisitions including review of financial and operational assumptions.

Organizing and executing the preparation and approval process of property operating budgets. Maximize total return for each assigned asset through the analysis of property efficiencies and Identifying opportunities for Quarter over Quarter improvement.

 

Analyze and develop 3,5,10-year capital needs assessments for assets and prepare capital plans throughout the life of the loan Analyze debt to market value ratios along with loan rates to determine if asset should be refinanced or restructured.

 

Knowledge, Skills and Experience required:

 

Five to seven years of proven experience in asset management.

 

Bachelor’s Degree required with a concentration in business, finance, accounting, and/or real estate.

 

Experience overseeing multiple properties/locations within a multi-state portfolio.

 

Knowledge, Skills and Experience required (continued):

 

Computer literacy sufficient to operate spreadsheet and project management applications (i.e. Microsoft Excel/Google Sheets, Asana).

 

Material and Equipment Directly used but not limited to:

 

Computer, copier, printer, scanner, fax machine, MS Office Suite, PDFs, AppFolio, Resman,  Anyonehome software, Zoom, and other digital conferencing required Phone.

 

Summit Communities runs on the EOS Traction platform.  It’s a complete set of concepts and tools where everyone within the organization has insight into our success drivers, core values, core focus and our organizational 3 year picture.  Every employee within the organization has a number they are responsible for that drives the daily activity that leads to our 10 year organizational target.  https://www.eosworldwide.com/what-is-eos