Asset Manager

Job Description

The CONTI Organization is a real estate investment company that specializes in value-added multifamily real estate in Texas.  Since 2008 we have acquired and sold over 7,500 apartment units with plans to actively grow to 20,000+ units ($2B+ market value). Our acquisitions continue to ramp up, closing 1,900 units in 2016/2017 and 3,000 units in 2018. We are a stable, driven, long-term minded company looking to add a key member to our team. Thanks to our team, we have been recognized by Inc. 5000 and Dallas 100 lists for fastest growing companies for 4 consecutive years.

If you are self-starter that enjoys project based work, and you thrive in fast-paced environment where a high level of detail and accuracy are a must, please continue reading.

Role Title:     Asset Manager (reports to Director of Asset Management)

Main Job Duties: Responsible for the overall performance of assigned properties.

1. Financial Analysis
   • Understand the underwritten strategy for each property, and perform routine financial analyses and budgets to exceed goals and mitigate risk.
   • Track and benchmark key financial performance metrics across the portfolio.
   • Identify and update the cash position for each property to evaluate investor distributions.
2. Property Rehab
   • Review physical due diligence, translate into renovation/rebranding plan, monitor renovation progress following acquisition and refinancing,
   • Integrate 5-10 year capital expenditure plans for each property.
   • Facilitate lender required repairs, insurance loss restoration, vendor payments, lender draws, and construction management fees.
3. Portfolio Management
   • Compile and update portfolio reports tracking key property/loan data points, ensure loan document compliance.
   • Project manage ancillary income and expense contracts, property tax appeal and insurance renewal processes.
   • Provide monthly investor updates to communicate trends at each property.

Skills/Qualifications:

• Bachelor’s degree in finance and/or accounting or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired.
• 3-5+ years of experience in a financial analysis environment in the multifamily real estate industry.
• Proficient in Excel, Word, and PowerPoint, with database experience a plus.
• Strong knowledge of financial modeling, waterfalls, operating statement analysis, and general accounting principles with respect to real estate and LLC structures.
• Strong research, analytical, problem-solving, organizational, communication, and interpersonal skills.
• Self-motivated, team-oriented and strong time management skills to prioritize deadlines.