Multifamily Asset Manager
About the Company
The Company is a fast growing real estate investment firm focusing on the acquisition, asset management and redevelopment of affordable multifamily housing nationwide, as well as value-add and distressed real estate in select markets.
We are a meritocracy, with a firm belief in rewarding individuals purely based on exceptional performance and contributions to the team to further the objectives of the Company. We are building a team of driven individuals who appreciate a results oriented, but collaborative and casual environment.
About the Position
The Multifamily Asset Manager will be responsible for asset managing a portfolio of the Company’s nationwide Section-8 and LIHTC properties. The position is ideally suited for a highly motivated, detail oriented individual with a solid asset management background, and strong work ethic. This individual should have the desire to be a part of a rapidly expanding company, and work within a team of other highly motivated individuals. This position will report to the Director of Asset Management.
Duties will include:
Responsibility for overall portfolio management and profitability
Oversee 3rd party property management firms to ensure optimal property performance through strict systems and controls
Ensure the oversight and implementation of the property business plan and budget
Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses
Provide recommendations and implement changes for property improvements based on thorough analysis and experience
Prepare narratives and financials for investor reporting
Assist in the development and monitoring of strategies to maximize asset values within the portfolio
Complete property inspections as part of monitoring property performance, management execution and property capital needs
Negotiate major vendor contracts and pursue portfolio wide expense reductions through vendor bidding
Problem solve property and portfolio level issues through research, analysis and implementation
Oversee preparation for HUD REAC inspections
Implement and monitor capital improvement projects
Assist in conducting due diligence and financial modeling for new acquisitions and dispositions
Following are the requirements for the position:
3 – 5 years experience in multifamily asset management
Prefer Section 8 or other low-income experience, but not required
Bachelors degree (prefer real estate, business or finance)
Excellent MS Excel skills
Strong management skills, with an ability to work independently and multitask
Highly motivated, with a positive “can do” attitude
An analytical approach with a results oriented mindset
Ability to think like an owner in all decision making
Entrepreneurial spirit with a willingness to do what is necessary
Travel to properties across the nation will be required
Please submit your resume.
