- Multifamily real estate developer with diverse portfolio
- Join a winning team
About Our ClientOur Client is a privately held real estate investment, development, construction, and property management firm with a strong portfolio of assets across the region.
Job DescriptionNewly created Asset Manager role with a growing firm. The Asset Manager leads the implementation and execution of strategies, programs, policies, and initiatives for multifamily properties. Ensures achievement of the financial and operating goals, and overall profitability of the portfolio.ESSENTIAL JOB RESPONSIBILITIES:
- Participates and assists in formulating the annual business plan for the assigned multifamily development projects
- Reviews, monitors, and reports on the multifamily and development portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly client portfolio/performance reports.
- Communicates with and closely interacts with executives to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio.
- Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.
- Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multifamily portfolio, prepares and delivers presentations and updates to investment principal/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets.
- Works with the capital projects group to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.
- Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives of the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful ApplicantRequirements
- B.S. Degree in Accounting/Finance and 5+ years' equivalent experience within Asset Management or similar.
- Demonstrated knowledge of multifamily housing market
- Experience with capital improvement project management
- Demonstrated organizational and time management skills
- Experience at interpreting limited partnership agreements, financial statements, and regulatory documents
- Able to travel - a few overnight trips on a monthly basis and as needed.
What's on OfferMarket driven base salary plus bonus potential along with benefits such as health insurance, retirement and reimbursement for related travel and expenses. Roughly in the $110,000 - $140,000 range depending on qualifications and experience. This is a great opportunity for a Senior Associate who is stuck at their current firm and want to continue career growth !ContactNick WalkerQuote job refJN-122###-####609