Asset Manager

Job Description

Description:

ECI Group is currently recruiting an Asset Manager responsible for the execution of business plans for a portfolio of 10-15 assets. The Asset Manager will drive execution of the plans through a cross functional team that includes development, acquisitions, accounting/finance (asset level), property management and HR/Admin/IT. We are looking for someone with a hands-on, entrepreneurial approach to asset management. Does this sound like you? Join us!

 

About Us

ECI Group has been building communities and enriching lives for over 50 years by developing, building, investing in, and operating multifamily housing throughout the Southeast. While ECI is proud of its history, we are even more excited about our future. We are privately owned and fully integrated – developing, constructing, and managing our properties. ECI Group owns and operates approximately 7,000 + units, with more communities in active development. At ECI, we are guided by our core values, the heart of which is working as One Team, Better Together.

 

What's In It for You?

In addition to competitive pay, ECI's robust benefits package includes:

• Bonus potential
• 20% rental discount at ECI properties
• Health, dental, vision, and short and long-term disability insurance
• Paid time off and company holidays
• 401k plus 4% company match
• Wellness plans, flexible spending accounts, and dependent care
• Participation in professional development programming

What You'll Do

• At the operational level, the Asset Manager will have responsibility for revenue growth/management (as driven by rent, occupancy and resident retention) and expense control.
• Responsible for devising and driving property-level strategies related to the above based on an understanding of market comps, prevailing rental rates, managing expenses and balancing those with ownership's investment goals for the assets.
• Work closely with Development Team on all aspects of new projects, including unit finishes, unit mix, amenity spaces, and financial pro forma.
• Work closely with Acquisitions Team during underwriting, due diligence and business plan development for new acquisitions.
• Oversee financial and capital budgets and (through capital team) ensuring that projects are executed timely and in accordance with the business plan.
• Indirectly provide guidance and leadership to regional and on-site property management staff, revenue management, capital projects teams and regional maintenance teams to ensure that operational and financial goals are achieved.
• Provide on-going analysis of property-level initiatives to ensure that ROI and NOI targets are met.
• Review, monitor, and report to senior management on the performance of a portfolio of multifamily assets against budget and investment proforma by analyzing monthly financial statements, leasing reports, market data, and various operating reports.
• Prepare reports for investment principals, debt and equity partners.
• Monitor investment performance and returns; forecast asset performance relative to debt/equity hurdles as well as underwritten return parameters.
• Gather, compile, and analyze market, economic and capital trends as well as other factors impacting portfolio and asset performance.
• Monitor the progress of capital projects to ensure that projects are occurring on-time and within budget.
• Determine effectiveness of revenue-enhancing and expense-containing initiatives at the property and portfolio levels.
• Keep abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external training programs, research and/or subscribing to internet or other professional publications and utilizing other appropriate methods to obtain business and professional information.
• Asset Managers work in an office environment but conduct physical inspections of both the interior and exterior of apartment communities on a regular basis.

 

Requirements:

 

What You'll Need

• Bachelor's degree in real estate, finance, business or related field.
• 3+ years experience in asset management or real estate analytics
• Experience preparing, reviewing and approving budgets; understanding of generally accepted accounting principles (GAAP) to analyze financial information, and prepare monthly financial reports for internal and external stakeholders.
• Willingness and ability to travel up to 25% to participate in meetings, make onsite visits and perform site tours.
• Prepare and explain financial data to business leaders and managers, team members, clients, investors, executives, and other business contacts.
• Demonstrated high level of proficiency in Excel.
• Experience in a hands-on, entrepreneurial real estate investment organization that has a very heavy asset-centric acquisitions and asset management culture.
• Demonstrated experience analyzing financial data and preparing reports in accordance with accounting, finance, budgeting and cost control principles.
• Ability to work with IRR/Waterfall, tax administration, general accounting and lender activities.

ECI Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Apply Here: https://www.click2apply.net/NLM4rnC7xAQ7zcpJu8wgA

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