Asset Manager - The Scion Group

December 12, 2017

The Scion Group

Chicago, Illinois 60611
http://www.thesciongroup.com

The Scion Group, a leading owner/operator in student housing seeks an asset manager to add to the team as we continue to grow our portfolio of properties.  Primary responsibilities will consist of the direct oversight of a portfolio of owned assets, specifically focusing on financial performance management including budgeting, financial performance, variance review, insurance, taxes and more.  Asset types would include a primary focus on purpose-built student housing with exposure to retail contained within student housing assets.  Role objective is to maximize operational performance while creating value at the individual asset and portfolio level, while mitigating portfolio risk.

The position requires minimal travel, flexibility, independent work, and the ability to multi-task in a fast-moving work environment.

Main Responsibilities:

  • Lead the creation and maintenance of property business plans, operating budgets, and capital improvement plans – this will require working in a collaborative fashion with property on-site staff, corporate operations, acquisitions, accounting, legal, and investment management teams
  • Review monthly, quarterly, and annual budget variance reports, identifying and presenting areas of concern and potential areas of improvement for senior management
  • Monitor and identify opportunities to increase income and/or reduce expenses such as appealing real estate tax re-assessments utilizing third-party consultants, managing utility expenses and/or increasing recoveries from residents
  • Assist in the monitoring and internal reporting of asset leasing, concession activity, and ongoing rent collections
  • Provide analytical support in determining the feasibility of potential leasing promotions / rate changes, capital projects and other ad hoc property opportunities
  • Track debt maturities and lender mandated financial covenants such as debt service ratio coverages
  • Assist with debt refinance and disposition processes
  • Assist with due diligence process on acquisition projects and with the transition of newly acquired properties into portfolio asset management platform
  • Proactive development of market knowledge and data to understand and provide analyses to illustrate how Scion assets compare to the competition

 

Qualifications and Experience:

  • Bachelor’s degree or higher in real estate, finance, computer science, economics or other STEM background
  • Minimum of 5-7 years of relevant experience in real estate finance and analytics
  • Knowledge of and experience on the asset management side of commercial real estate
  • Strong analytical and problem solving skills with an ability to convey complex datasets and information to internal management and external partners
  • Advanced financial modeling skills including extremely strong Microsoft Excel, Word, and PowerPoint skills (proficiency with VBA preferred)
  • Thrives in an entrepreneurial work environment and is self-motivated
  • Excellent written and oral communication