Boise, ID
Salary Estimate: $125,000.00 - $149,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 7+ to 10 years
Education Required: 4 Year College
Job Description
KEY RESPONSIBILITIES
- Execute and continuously refine asset-level business plans as directed by Investments team leadership, driving actions that maximize property value and investment returns.
- Conduct regular portfolio reviews to track performance against business plan targets, flagging variances and escalating material issues for resolution.
Financial Reporting and Budget Management:
- Drive budgeting and annual business planning processes for portfolio properties in coordination with Investments team leadership, ensuring fiscal responsibility and strong financial performance.
- Analyze financial statements, manage capital expenditures, and forecast future financial needs.
- Work with Analyst team to provide all Lender-required financial reports
- Leverage technology and AI tools to improve reporting, analytics, and operational efficiency across the portfolio.
Project Management:
- Oversee execution of construction projects from inception to completion, including budget, timeline, and quality control.
- Coordinate Company's in-house construction and property management teams to ensure projects meet or exceed timelines and expectations.
Property Management Interface:
- Act as the primary liaison between property management team and the Investments team to ensure smooth property operations, reporting, and prompt resolution of underperformance.
- Escalate material property management issues, underperformance, or deviations from the business plan to leadership in a timely manner with recommended corrective actions.
- Responsible for holding property management accountable to property business plans.
- Guide best practices in property management to enhance overall asset performance.
Team Coordination & Analyst Oversight:
- Direct and develop Analysts supporting asset management workflows, ensuring timely and accurate deliverables aligned with the Investments team's priorities.
- Foster a culture of performance excellence, innovation, and accountability.
Execution & Initiative:
- Proactively identify issues, develop recommended solutions, and drive execution without requiring constant direction, while keeping Investments team leadership informed and aligned on priorities.
- Manage multiple projects simultaneously without compromising quality, ensuring all deadlines are met.
Travel:
- Periodic travel required to visit properties, meet with stakeholders, or attend industry events.
Experience:
- Minimum of 8 years in real estate, with at least 3 years in a senior asset management role.
- Proven experience in managing budgets, overseeing construction projects, and interfacing with property management teams.
- Demonstrated experience with AI applications in real estate, or a strong aptitude for learning and implementing such technologies.
Skills:
- Strong analytical, financial, and negotiation skills.
- Excellent communication and leadership abilities.
- Proficiency in Yardi is required, MS Office, financial modeling, and data analysis tools.
Personal Attributes:
- Self-motivated with a proactive approach to problem-solving and a high degree of accountability.
- Ability to thrive in a fast-paced environment and adapt quickly to changes.
- High level of integrity and commitment to ethical business practices.
Compensation and Benefits:
- Competitive salary based on experience.
- Comprehensive benefits package, including health insurance and retirement plans.
- Additional perks such as professional development opportunities..
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