Senior Asset Manager

Job Description

Reports To:  Asset & Portfolio Management

Position Summary:

This is a new growth created opportunity in search of a pro-active leader and effective communicator who will serve as a trusted advisor working directly for a very well respected, well established “best in class” real estate owner, developer/builder & private equity investment & asset management firm.  This individual will play a key role in the administrative, financial, capital & operational management for a portfolio of assets.  The Asset management duties will include new developments & stabilized properties with responsibilities across the full life cycle of deals from underwriting, analysis, development, through construction, lease up and stabilization. 

RESPONSIBILITIES:

• The Asset Manager will be responsible for the entire spectrum of asset management for a growing portfolio of “new development/construction” deals as well as managing new lease ups and existing stabilized assets within the portfolio.

• Monitor the construction, lease-up, compliance, and on-going management for a portfolio of assigned properties.

• Manage the takeover of new assets and ensure a smooth and successful transition into the portfolio.

• Responsible for portfolio modeling, valuation, summary analysis and presentation to internal and external customers (executive leadership, investment committee, partners, etc.).

• Act as a point expert in each market where properties are assigned, with a strong knowledge of competitive apartment communities, the development pipeline and other economic drivers that could impact asset performance.

• Collaborate with the operations team (i.e. affiliated property management company) to oversee leasing and budgeting for the portfolio while reporting internally and externally significant strategic shifts or variances.

• Provide direction to the operations team regarding the development of and successful execution on operating budgets, capital investment plans, leasing/marketing plans, cost control strategies, risk management strategies, and other significant operational items with the goal of increasing/maximizing value.

• Significant involvement in capital raising and investor relations through the creation of presentations, responding to questions, and attending meetings.
• Oversee the portfolio model including inputting information, formulating achievable market rate rent levels and model assumptions for assets, and running various scenarios.
• Responsible for hold/sell recommendations as well as helping manage the refinancing or disposition of properties.
• Engage, manage and review yearly appraisals of properties within the portfolio. 
• Prepare quarterly and annual asset, portfolio and market reports for investors while working with accounting and development to ensure accurate and timely reporting.
• Respond to special requests for information from investor and capital clients in a professional manner and on an expedited basis.
• Conduct periodic property inspections and report findings.
• Assist with operating budgets, tax returns and annual audits for assets in the portfolio.
• Establish and manage relationships with all entities and agencies involved with assets.

Requirements:

• 5+ years of commercial real estate, asset and financial analysis, & management experience.
• Bachelor in related field required.
• Experience with multifamily or student housing properties preferred.
• Effective communication and presentation skills.

• Solid understanding of real estate concepts, financial analysis, and strong organization and prioritization.
• Proficiency with Microsoft Excel and Power Point as well as working experience with financial modeling software.
• Ability to work effectively in a fast moving environment.