Asset Manager

---

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 South Eastern United States
• 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 10%. Must have a valid drivers' license.

Essential Duties & Responsibilities:

• Under the direction of the leadership team, 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 plan(s) for remediation, including schedule, and build a consensus plan with management company and MACP
• Document 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:
• Maintain schedule and cost budget
• Provide weekly updates on progress
• 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 once/6 months 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 (currently Dropbox)
• 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 three (3) years of multi-family asset management experience

~or~

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