Champaign, IL
Salary Estimate: $75,000.00 - $99,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
- Exemplify the core values of Be Kind, Be Flexible, Own It, and Always Improve
- Monitor current property performance and prepare and review property management budgets and capital expenditure reports
- Partner with the Pricing Analyst to develop and implement optimal pricing strategies
- Work with property management and marketing teams to develop and monitor leasing/marketing plans and lease-up progress reports
- Develop and monitor property business plans to meet investor expectations
- Maximize the total return for portfolio assets through the identification of potential value-add and revenue enhancement strategies, as well as implementation of operational efficiencies
- Collaborate with Facilities Project Managers regarding capital project planning and status, including on-site visits and interfacing with third-party contractors
- Travel to existing properties on a regular basis to identify potential areas for improvement and implement action plans for sustained high-performance
- Become the firm's local expert in each market where properties are assigned, with a focus on competitive assets, acquisition pipeline, and other economic drivers that could impact overall asset performance
- Develop and maintain internal trend analyses for existing properties and identify areas of improvement based on comparative benchmarking
- Facilitate activities related to capital events, such as acquisition financing, refinancing, and property dispositions
- Assist with new project underwriting & financial analysis and help prepare investment offering memoranda for investment committee and potential investors
- Review and analyze new investment offering materials and gather and evaluate economic and market data
- Assist with managing the due diligence and closing processes, including the review and analysis of leases, operating information, legal documentation, property condition assessments, and other investment-related information as well as touring assets and participating in tenant interviews
- Learn and ensure compliance with all Fair Housing Laws including local, state, and federal housing regulations (We provide training)
- Pivot, roll up your sleeves, and jump in where needed!
- Competitive Base Pay and Performance Incentives. We are ready to invest in you!
- Medical, Dental, Vision, and Life Insurance - Starting First Day of Employment - to access care for positive health outcomes and your overall well-being
- Employee-sponsored benefits including Short Term Disability, Life Insurance, Critical Illness, Accident, Flexible Spending, and H.S.A. Accounts to avoid costly medical expenses due to gaps and ensure that all your medical needs are met
- 401(k) Retirement Plan with Match to invest in your future wealth and retirement
- Paid Vacation, Sick Leave, and Holiday Pay to help you reset and come back rejuvenated and refreshed
- Monthly company events to promote team cohesion
- Wellness Days to focus on being your best self. We want you to have time to disconnect and recharge in a way that works for you
- The opportunity to work for a growing organization where you are valued and can have a direct impact
- Quarterly off-site meetings with your manager to celebrate wins, issue solve and ensure you are set up for success. Plus, the process is rewarding, and the results are great for your career
- Have an undergraduate degree (in a relevant discipline including finance, marketing, business, economics or engineering)
- Have a minimum of 5-7 years of professional experience with at least 3 years of Asset Management experience - Priority to candidates with experience in Student Housing
- Have a thorough understanding of the various real estate valuation processes and techniques
- Have a strong understanding and experience with budgets and overall financial reporting, with an ability to analyze large amounts of data and extract improvement opportunities
- Are proficient with relevant technology and can easily adapt to changing technology (i.e., property management software, Microsoft Office Suite including intermediate to advanced Excel capability)
- Have excellent written and verbal communication skills
- Demonstrate superior attention to detail, high energy, and a positive attitude
- Have the ability to work independently and also to work closely with other team members
- Embody our core values: Be Kind, Own It, Be Flexible, and Always Improve
- Have the ability to work overtime as needed during high-demand times and capacity shortages
- Valid driver's license and dependable transportation. Limited in-town usage of personal vehicle for errands, any out-of-county personal mileage reimbursed at the Federal rate
- Ability to travel to properties and corporate events (including overnights). Requirements will vary but are expected to average around 10% to 20%.
- Availability to work longer hours and weekends during prime leasing season and turnover (specific dates vary from year to year)
- Must be able to complete the physical functions of the position not limited to the ability to walk properties, complete physical inspections, deliver resident's communications, and show properties
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