Asset Manager

Job Description

Job Description

Job Title: Asset Manager

Department: Asset Management

Reports to: Director of Asset Management

8 Days of travel a month/Travel expenses covered

Compensation and Benefits

· Base Salary: $140k + based on experience

· Eligible for year-end and performance bonuses

· Access to 401k Match program

· Health & dental insurance

· Generous PTO policy

Overview: The Property Asset Manager is responsible for the overall performance and management of a portfolio of multi-family properties. This role involves developing and implementing strategic asset management plans, maximizing property value and returns, and ensuring alignment with the company’s financial and operational goals. The Asset Manager will work closely with property management team to enhance asset performance and achieve desired outcomes.

Key Responsibilities:

Portfolio Management:

· Oversee a portfolio of multi-family properties, ensuring that all assets meet or exceed financial performance targets.

· Develop and implement asset management strategies to maximize property value and cash flow.

· Conduct regular performance reviews and market analysis to identify opportunities for improvement.

Financial Analysis & Reporting:

· Analyze financial reports, including income statements, budgets, and cash flow projections.

· Monitor key performance indicators (KPIs) and financial metrics to assess asset performance.

· Provide regular updates and recommendations to senior management regarding portfolio performance.

Capital Improvements & Renovations:

· Develop and manage capital improvement plans to enhance property value and competitive positioning.

· Oversee renovation and capital expenditure projects, ensuring they are completed on time and within budget.

Risk Management:

· Identify and mitigate potential risks related to the portfolio, including market fluctuations, regulatory changes, and operational challenges.

· Ensure compliance with all local, state, and federal regulations related to property management and asset management.

Tenant Relations & Occupancy:

· Work with property management teams to maintain high occupancy rates and tenant satisfaction.

· Develop and implement strategies to retain tenants and minimize vacancy rates.

Budgeting & Forecasting:

· Develop and manage annual budgets for each property in the portfolio.

· Provide accurate financial forecasting to support long-term planning and decision-making.

Collaboration & Communication:

· Serve as the primary point of contact between property management teams, investors, and other stakeholders.

· Foster strong relationships with key partners, including lenders, investors, and contractors.

· Communicate regularly with senior management on portfolio performance and strategic initiatives.

Acquisitions & Dispositions:

· Assist in the evaluation and due diligence of potential property acquisitions.

· Manage the disposition process for assets identified for sale, ensuring optimal return on investment.

Qualifications:

· Minimum of 4 years of experience as a Regional Manager or asset manager, with a focus on multi-family properties.

· Strong financial acumen, with advanced Excel skills.

· Excellent understanding of real estate market dynamics and property management principles.

· Proven track record of enhancing property value and performance.

· Strong analytical, communication, and interpersonal skills.

· Ability to work independently and as part of a team in a fast-paced environment.

Working Conditions:

· Regular travel to properties within the portfolio is required.

· Ability to work in an office environment with site visits