Asset Manager

Description

• Produce materials for asset management reviews, quarterly Investor reporting packages and regular portfolio valuation analysis.
• Regularly walk assets with property and project management teams - for assets in transition (new, refinanced or upcoming sale), have performance issues, or material ongoing capital projects up to once per month, and for stabilized properties at least quarterly.
• Oversee property management’s efforts of business plan execution including pricing and expense mitigation strategies and maintain relationships with key onsite staff members and track performance of individual site level employees.
• Prepare and review internal asset management models for accuracy and perform and present buy/sell/hold analyses.
• Lead and oversee business plan initiatives along with property management, project management, finance and accounting to maximize long-term value of assigned assets.
• Prepare and review lender requests, loan documents and other financing activities, including construction draw requests.
• Track capex plan and budget, including performance to underwriting and ROI.
• Track cash flow, manage the balance sheet (including capital accounts) and recommend monthly distributions to investors or anticipate the need for potential capital calls.
• Closely monitor supply/demand factors (e.g. new construction and competing renovations), local regulatory requirements (e.g. rent restrictions and eviction processes), major employers and other macro factors which may impact the performance and long-term value of the asset.
• Maintain an intimate, hands-on understanding of assigned assets, including physical condition, market competitive position, capital plan, debt structure and financial performance.
• Review and approve monthly financial and operating packages.
• Lead, mentor and direct assigned asset management analysts, fostering an environment of strong analytical support and professional development.
• Actively seek and digest available market reports through external or internal sources (brokers, technology platforms, economic development departments, internal acquisition team members, etc.)
• Track property level Key Performance Indicators on an absolute and relative basis to create a proactive strategy to address real time trends or issues.
• Participate in due diligence activities.

Requirements

• Effective verbal and written communication abilities.
• Flexibility to work on multiple projects and to prioritize work without intensive direction from supervisors.
• Ability to work effectively/collaboratively across the organization.
• Strong technical abilities – particularly with Microsoft Excel and PowerPoint
• At least five years of related experience required.
• Self-starter able to track down and analyze information and overcome obstacles to accomplish objectives.
• BS/BA degree from an accredited college/university with a strong academic or work background in financial analysis, mathematics, accounting preferred.
• Capability to independently underwrite real estate acquisition opportunities with experience in multiple different commercial property sectors
• Strong finance, modeling, and analytical abilities

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance