Asset Manager

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 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.
• Proficient 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