Asset Manager

Position Summary

The Asset Manager plays a critical role in driving the performance and long-term value of a multi-family real estate portfolio. By collaborating closely with operations, finance, and joint venture partners, this role supports the execution of each asset's investment strategy while proactively identifying opportunities to enhance revenue and operational efficiency. The Asset Manager leads performance reviews, conducts in-depth financial and market analyses, and develops actionable plans to optimize each property's potential.

Success in this role requires a detail-oriented, strategic thinker who is comfortable in a fast-paced, analytical, and collaborative environment. This role thrives on uncovering the "why" behind performance data and pivots with agility to meet evolving goals. This position serves as a key liaison between field teams and ownership, ensuring alignment on strategy, performance, and value creation initiatives. The mission of the Asset Manager is to maximize portfolio performance, support data-driven decision-making, and create long-term value through disciplined oversight and execution.

Essential Duties

Asset Performance & Strategy

• Oversee the Investment Strategy and Business Plan for each asset, ensuring alignment with portfolio goals.
• Review monthly operating statements to identify watchlist properties and collaborate with the SVP of Asset Management and operations teams to create and implement action plans.
• Evaluate ways to reduce controllable operating expenses by analyzing historical costs and uncovering savings opportunities.
• Participate in the capital budgeting process, analyzing ROI on renovations and amenity enhancements using occupancy and rent data.

Market & Property Analysis

• Conduct site visits to monitor physical conditions and assess the property's position within its submarket.
• Maintain an understanding of market dynamics, including supply trends, competitive positioning, and market forces influencing performance.
• Assist in the development of Property Improvement Plans (PIPs) by collecting benchmarking data, reviewing performance metrics, and identifying improvement actions.

Stakeholder Communication

• Communicate effectively with joint venture partners, ownership groups, and internal departments to ensure transparency and alignment.
• Host monthly partner calls to recap financial performance and address operational concerns.
• Act as a bridge between Operations, Facilities, and JV partners to promote cohesive decision-making.

Revenue Management

• Participate in pricing calls alongside the Pricing Manager, Regional Manager, and Property Manager to support revenue optimization strategies.

Team Leadership

• Supervise and mentor the Asset Management Associate, providing guidance and fostering professional development.

Additional Duties

• Position requires up to 10% travel to conduct on-site evaluations and support field teams.
• Additional responsibilities may be assigned as needed based on evolving business needs.

core Competencies

To perform this job successfully, an individual must be able to demonstrate the following competencies at the indicated proficiency level.

Competency

Level

Definition

Adaptability & Flexibility

Proficient

Navigates and thrives in changing environments, effectively managing multiple priorities and adapting strategies as needed.

Analytical Thinking

Proficient

Applies analytical thinking by interpreting complex information, synthesizing data from multiple sources, and considering broader context to inform decisions. Balances critical thinking and creativity to assess risks, explore options, and develop effective, well-supported solutions.

Business Acumen/Job Knowledge

Proficient

Applies a solid understanding of business operations and job-specific knowledge to improve processes and solve problems. Interprets business data to make informed decisions and contributes insights that support strategic planning and operational effectiveness.

Coaching & Developing Others

Proficient

Create personalized development plans and mentor team members on specific skills to strengthen individual and team performance. Facilitate learning experiences and actively support progress to promote continuous growth and capability building.

Collaboration

Proficient

Demonstrates effective collaboration by fostering open communication and adapting work style to support team success. Actively contributes to problem-solving, facilitates positive team dynamics, and takes initiative to resolve conflicts and promote a cooperative environment.

Communication

Proficient

Communicates effectively by actively listening, facilitating two-way dialogue, and adapting messages to suit different audiences and contexts. Conveys complex information with clarity and provides constructive feedback to support collaboration and shared understanding.

Fiduciary Responsibility

Proficient

Identify and mitigate potential risks to fiduciary responsibilities while ensuring transparent communication with stakeholders. Apply industry knowledge and regulatory best practices to make informed decisions that strengthen financial stability and uphold ethical standards.

Qualifications

Education & Experience:

• 3 to 7 years of experience in real estate, asset management, investment banking, or a related field.
• Bachelor's degree in business, finance, or a related discipline.
• Advanced Excel skills, including financial modeling and valuation analysis.
• Ability to perform financial calculations including percentages, interest, and ROI analysis.
• Strong organizational skills and attention to detail.
• Ability to thrive in a fast-paced environment and a demonstrated eagerness to learn.

Physical Requirements & Work EnvironmentReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.

Physical Demands:

This role requires prolonged periods of sitting at a desk and working on a computer. Occasional standing, walking, and lifting. Periodic travel required. The role involves frequent use of standard office equipment, such as computers, phones, and printers.

Work Environment:

• Primary work environment: Office
• Noise level: Quiet to moderate
• Work schedule: Monday-Friday.

Salary Range: $120,000-$140,000

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