Job Description

Security Properties has a job opening for Asset Manager or Associate Director

Position Title: Asset Manager or Associate Director

Reports to: Senior Director, Asset Management

About Us

Since its formation in 1969, Security Properties and its partners have invested over $2.0 billion of equity in multifamily real estate, representing a portfolio value of nearly $6.0 billion. Security Properties believes in proactive communications with partners, lenders, and employees, and invests heavily in the training of its people to ensure the longevity of our business relationships. The end of 2010 marked the formation of Security Properties Residential, an affiliated property management company, to resume Security Properties’ property management function and complement its asset management practices.

Great Opportunity

As the Associate Director/Asset Manager you will play a key role in every transaction. This is an excellent opportunity for someone with strong communication skills, transaction experience, and a desire to work in a fast-paced environment.

Associate Director/Asset Manager are responsible for the execution of the business plans put together by the acquisitions team and, when necessary, adjusting those plans and strategies to respond to market conditions. They must work in coordination with the renovation and property management teams to execute the plans. They communicate asset performance and challenges to senior management and our joint venture partners. There is a bonus structure attached to this position that will be be paid based on company and business unit performance.

Duties and Responsibilities:

Execute the business plan developed by the acquisition team
Regularly revisit and adjust the business plan based on market changes, including:
Revenue enhancement
Operating efficiencies
Capital expenditures and corresponding ROI
Build and maintain strong, positive joint venture partner relationships.
Keep joint venture partners and senior management informed about asset performance and challenges.
Oversee a diverse portfolio of residential, ensuring optimal performance through strategic planning and financial oversight.
Partner with property management and renovation teams to drive results and improve performance.
Prepare and manage to property budgets, both operational and renovation
Visit properties to assess condition and find new ways to enhance their value
Act in the capacity of owner’s representative with contractors, consultants, legal, and other third parties
Analyze property data and trends, using technology to gain insights and improve performance.
Support transaction activity, including dispositions and financing efforts
Continually analyze property performance and collaborate with Regional Manager and/or site team to improve property NOI where possible.
Stay ahead of industry trends and competitor performance to capitalize on new opportunities and provide constructive direction to property management teams to adjust strategies for changing market conditions.
Review financials and make recommendations to Regional Manager for property improvement

Knowledge, Skills and Abilities:

Strong financial skills to understand and manage property performance.
Working knowledge of accounting
Excellent knowledge of real estate operations and investment concepts
Experience with MS Office Suite, especially Excel
Strong organizational skills with the ability to multi-task and meet critical deadlines
Excellent communication skills, written and oral, and good presentation skills
Team-oriented with a collaborative approach to achieving goals.
Strong decision-making abilities, with the capacity to make sound judgments in dynamic and uncertain market conditions.
Strategic mindset with the ability to contribute to the development and execution of the organization's overall financial strategy.

Education and Experience:

Minimum of 4 years as multi-family Senior Regional Manager or Vice President experience
Four-year college degree

Why You Should Apply:

We’re looking for someone who is passionate about real estate, values collaboration and is excited about the opportunity to use their operational experience to make a direct impact on property performance. If you’re someone who thrives in a dynamic environment and enjoys problem-solving, this could be the perfect role for you!

Portfolio Management

Asset Management

Acquisitions

Property Management

Risk Management

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