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VP Asset Management

Company is confidential
Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Chicago
Region
IL
Postal Code
60007
Country
United States

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Description


Company Overview

We are a privately-held company that capitalizes value-added real estate across the United States, renovating multi-family real estate in a manner that maximizes ROI.

We currently hold over 10,000 units in 13 states.  We have acquired over 800M in new assets in the past 36 months and have a vision of continued growth in our portfolio as we move forward.

Job Requirements 


  • 4-8 years multi-family experience preferred
  • 15-25% travel
  • Team player with strong communication skills
  • Ability to listen and take direction
  • Bachelor's degree required
  • Computer proficient in Windows, MS Office, Word, Excel, Outlook.

Job Benefits

  • Salary (please submit salary requirements/salary range)
  • Paid health and dental after 90 days
  • 401K
Job Responsibility
  • Profit and loss for a 6-10 property portfolio and the third-party management companies that operate them.
  • Annual Budgets
  • Analysis of weekly trends, monthly trends, comparison vs. budget, comparison vs. market.
  • Oversee operations of Third-Party Management Company and their performance.
  • Work with lenders regarding loan requirements, escrows, inspections and refinances
  • Market knowledge via brokers, third parties and competition analysis
  • Tracking returns and cash management
  • Oversee CapX work
  • Quarterly investment reports and owner letters
  • Hold/sell/refinance analysis
  • Identifying trends in portfolio to mitigate risk and exploit revenues
  • Monthly reporting to ownership on asset performance compared to budget and same store metrics
  • Developing controls and assigning responsibility for key P&L and Balance Sheet line items.
  • Assist in the acquisition process: help with underwriting, research, due diligence

Asset Management Strategy - Develop and guide execution of strategic plan for this department in collaboration with other affected departments, insure targets are met, mitigate risk, provide regular status reports vs. strategic plan, insure ongoing and proactive communications with all affected parties;


Resume Submissions:

  • Resume and cover letter via email
  • Please submit salary requirements with your cover letter & resume
Working in the San Francisco office is preferred. However, candidates in Chicago, the Northeast and Mid-Atlantic will also be considered.

Job Functions


  • Acquisitions
  • Asset Management
  • Financial Analysis
 

Job Sector


  • Residential
 

Experience


2+ to 5 years


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