VP of Asset Management

Job Description

• Bachelor's degree required; Master’s degree in Real Estate, Finance, or Business preferred.
• Minimum of 10 years of experience in real estate, with at least 7 years focused on multifamily asset management.
• Demonstrated success in managing institutional-quality real estate investments, including value-add strategies and repositioning projects.
• Strong underwriting expertise with exceptional proficiency in financial modeling, market analysis, and performance optimization.
• Advanced skills in Excel, PowerPoint, and financial reporting tools.
• Excellent analytical, interpersonal and communication skills across varying levels of an organization
• Proven ability to lead teams, delegate effectively, and foster collaboration across various levels of an organization.
• Excellent ability to convey financial concepts and performance clearly, both in writing and in presentations, to internal and external stakeholders.

• Lead the asset management function for a multifamily portfolio andensure alignment with investment goals.
• Develop and implement strategic business plans to enhance asset value, manage risk and maximize NOI.
• Conduct regular portfolio reviews, identifying opportunities for revenue growth, expense control, and value-add initiatives.
• Oversee property management teams and third-party service providers to ensure operational excellence.
• Review and approve annual property budgets, capital expenditures, and financial projections.
• Oversee leasing strategies and tenant relations to maximize occupancy and revenue.
• Monitor and analyze market trends to inform pricing, marketing, and operational strategies.
• Ensure compliance with all regulatory requirements, safety protocols and company policies.
• Implement best practices in property operations, cost controls, and risk management.
• Collaborate with the construction team on renovation and repositioning projects.
• Oversee capital improvement programs, managing budgets and execution timelines.
• Consult with Investment Team during due diligence to provide detailed feedback on market assumptions, operating expenses, staffing and business plan.
• Manage and mentor asset management team members, fostering a culture of high performance.
• Build and maintain strong relationships with investors, lenders, and joint venture partners.
• Represent the firm at industry events and maintain a professional network within the real estate sector.
• Lead quarterly reporting efforts, including investor meetings and quarterly performance reports.

• Experience with complex financial modeling, including cash flow models, sensitivity tables, debt and equity waterfall structures.
• Expertise in valuation techniques, and investment analysis.
• Strong leadership and team management abilities.
• Excellent communication, negotiation, and relationship-building skills.
• Strategic mindset with strong problem-solving capabilities.
• In-depth understanding of real estate investment factors and valuations, coupled with general understanding of financing, accounting, leasing and capital market terms and concepts.
• Ability to develop and cultivate business relationships with consultants and other team members .
• Excellent analytical, interpersonal, writing and communication skills with ability to work independently, prioritize and multi-task.
• Maintain composure and effectiveness under pressure and changing conditions.
• Ability to work in a fast-paced, self-directed, entrepreneurial environment.
• Values humility and resourcefulness.
• Entrepreneurial mindset with a hands-on approach to asset management.
• Required travel 25% to 50% of the time including extended stays, as required.