Director of Asset Management

Job Description

• Ability to establish relationships across the organization; communicates to property management and to the equity partners to facilitate expectation clarity and portfolio optimization.
• Constantly communicates and strategizes with local property management group to proactively manage the revenue, expenses and resulting Net Operating Income (NOI) across assigned portfolio.
• Conducts routine site visits and inspections; discusses weekly leasing, occupancy, CapEx and/or renovations.
• Acts as the first point of contact with the debt and equity providers and investment principals.

• Working in concert with the TruAmerica Accounting team, and the property management accounting team to ensure all financials are delivered timely and accurately.
• Manages annual capital and operating budget associated with the overall business and approved changes to the original business plan.
• Complies with specific guidelines, budget due dates and reporting requirements.
• Analyzes and approves monthly operating statements - reports variances as compared to the budget; incorporating action plans if necessary; proactively managing cash flow, distributions, and lender requirements.
• Maintains compliance with the various investor/equity agreements; monitoring the asset performance; returns and recommends operational or financial strategies to optimize returns at the asset level.
• Proactively analyzes economic trends for each specific asset sub-market and forecasts trends that impacts the property in regard to long/short term disposition and exit strategy changes indicated by market info.
• Actively manages Tax Appeals, Loan Compliance, Replacement Reserve Analysis, Partnership Expenses, and Ancillary Income.

• Working in concert with Acquisitions, assist with developing the business plans.
• Partners with the Construction Management department to plan, track, and execute on time and within budget.     
• Maximizes income and minimizes expenses by addressing high level management turnover, resident satisfaction, reputation management, revenue management and key revenue-generating vendors.
• Creates and executes annual budgets for each asset with equity partner approval.
• Possess in-depth knowledge of the respective macro and micro markets in order to effectively communicate with investors the status, remain competitive, and maximize investment returns.
• Identify potential risks and variations from the business plans outlining effective mitigation items.
• Risk mitigation (Compliance associated with compliance/ price gouging/ varies between jurisdictions/ governmental and state guidelines/ restrictions).

• Highly self-motivated, confident, and driven.
• Ability to work effectively in a dynamic environment.
• Strong intellect and strategic thinker with solid quantitative, financial and analytical skills.
• Exceptional interpersonal skills including the ability to develop strong relationships with colleagues, third party management and equity partners.
• Proven track record as a successful leader/manager.
• Skilled with spreadsheets and other business software such as Microsoft Excel & Word.
• Familiarity with Real Page and other industry standard software.
• Impeccable integrity, trustworthiness, and reputation within the real estate industry.
• Possess a positive, can-do attitude with a commitment to excellence and achieving goals.
• Work effectively independently and as a member of various teams.
• Enthusiastically support innovation by testing software, processes and organizational changes and providing feedback.

• Ability to sit for up to 10 hours per day
• Ability to move freely around the office for up to 10 hours per day
• Ability to communicate verbally and in writing

• TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
• This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time.

• Please do not contact the poster of this position directly. If you are a fit, the company will review your resume and reach out to you directly.
• No recruiters, please.