Asset Manager

Asset Manager: The Asset Manager is part of the corporate team responsible for ensuring asset performance.   They will assist in all stages of the asset life-cycle.   (Underwriting, due diligence, acquisition, on-boarding, business plan execution, and disposition.)  This position, under the direction of the Director of Acquisitions is responsible for effectively  monitoring and identifying areas of opportunity to improve asset performance as well as participating in or leading the implementation of performance improvement project, processes and procedures.

Position Description:

• Suggest objectives and goals for each property
• Participate in property operating budgets’ preparation and approval process
• Produce reports on assigned portfolio monthly, quarterly, and annually
• Carry out a monthly review of operating statements to identify variances and monitor KPIs
• Understand, develop and monitor property operating performance metrics
• Monitor and evaluate asset performance against proforma projections
• Ensure there is due diligence in the underwriting of potential acquisitions
• Perform financial analysis, market studies and industry standard reporting
• Track capital expenditures monthly

• On plan, budget
• Monitor requisitions from banks or capital accounts

• Lead the real estate tax valuation and abatement process for all assets in conjunction with real estate tax consultants
• Monitor insurance coverages, premiums, renewals and claims processing for all properties in conjunction with our insurance brokers
• Perform implementation, negotiation, and monitoring of asset programs
• Boost asset and revenue values through identified savings and efficiencies
• Create reports and perform analysis to identify potential loan delinquencies and revenue losses
• Ensure current policies are reviewed and updated
• Monitor and evaluate annual real estate tax assessments

• Identify and coordinate tax abatements/appeals

• Understand and Monitor loan terms and maturities
• Understand and monitor joint venture agreement terms and requirements
• Complete any additional or new tasks as assigned by supervisor or senior management.

Position Requirements:

• A Bachelor’s degree in business, finance, real estate or other related fields of study

• Ability to perform in the areas of asset enhancement and financial results
• Ability to function in goal-driven, fast-paced environments
• Must be self-regulated and possess the ability to work without supervision
• Must be proficient with industry-related software and computers
• Possess between three to five years asset management experience
• Must be computer literate and proficient in the use of word processing apps and spreadsheet
• Should possess a working knowledge of Yardi Matrix
• Have a clear understanding of financial terms
• Be able to perform financial analysis, including ROI, IRR, and discounted cash flow modeling
• Excellent verbal and written communication skills
• Periodic travel to properties is required