Job Description

Job Description

Asset Manager

Our ideal team member will be responsible for Asset Managing Multifamily Assets:

• Monitor a growing portfolio of multi-family properties located in the Southeastern United States
• Oversee, report on and enhance property operations with a goal of: 
• Accurately and systematically reporting clearly and concisely property performance against a variety of goals
• Increasing performance against those goals, and,
• Protecting and ensuring the long-term viability of assets
• Analyze property assets, recommend and implement improvement strategies to maximize operational performance of the portfolio

Travel:  Approximately 35%. Must have a valid drivers’ license.

Essential Duties & Responsibilities:

• Under the direction of the VP – Director of Asset Management, oversee the operations of the company’s investment properties
• Create, solicit input, then distribute quarterly performance reports to investors 
• Review and monitor monthly operational reports and evaluate property performance:
• Summarize operations for review by principals
• Highlight property performance vs. goals
• For adverse issues
• Investigate issues by interacting with the management company
• Document explanation from management company
• Solicit/create plan(s) for remediation, including cost and schedule, and build a consensus plan with the management company and MACP
• Document and report on progress towards goal
• Highlight/expose patterns around adverse issues

·       Maintain database of critical information for each deal (loan terms, ownership structure, required repairs, reserve balances, capital flow etc.) and track key items and dates

·       Create and maintain investor return scenarios per asset in relation to distributions, refinancing, sale

·       Create, implement, and maintain a communication policy for investors and partners involving direct interaction and social media 

• Oversee our compliance with lender and insurance operational and deferred maintenance requirements

·       Assist in deal closings including soliciting 3rd party reports, receiving and organizing reports and data, and related tasks

·       Assist with organizing and backfilling information on older transactions

·       For new construction or acquisitions with value-add improvements:

o   Maintain schedule and cost budget

o   Provide weekly updates on progress

o   Highlight delays or concerns

• Research and understand driving forces in individual property markets, recognizing when trends might be working with or against our investments
• Provides support and analysis to our management partners with the goal of increasing profitability and reducing risk 
• Identify partnerships that require Watchlist status and develop strategies to address all issues

·       Travel periodically, but no less frequently than quarterly, to each property for general observation of condition, meeting with property management staff, reinforcing performance goals

• Assist in maintaining and updating company’s profile on social media
• Performs other duties and responsibilities as assigned

Qualifications

Knowledge and Skills:

Knowledge of:

• Institutional asset management
• Advanced concepts, principles and practices of multi-family real estate/housing operations, including property inspections, property management and property maintenance
• Knowledge of real estate finance.
• Knowledge of institutional investment strategies and partnership structures          
• Accounting principles.

Skill in:

• Strong analytical skills & financial acumen 
• Use of MS Office products
• Document Management technology 
• Communication, both orally and written
• Follow-up to ensure resolution and completion of tasks
• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheets

Educational/Previous Experience Requirements:

Bachelor’s Degree (B.A.) in related field and a minimum of five (5) years of multi-family asset management experience

~or~

Any equivalent combination of experience, education, and/or training.

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