Associate Director, Asset Management - Multi-Family

Invesco is one of the world's leading global investment managers, entrusted with managing $1.2 trillion* in assets on behalf of clients worldwide. We are the 6th largest US retail asset manager and the 13th largest investment manager globally, and our more than 8,000 employees worldwide are dedicated to delivering an investment experience that helps people get more out of life. We are purely focused on managing a comprehensive range of active, passive and alternative investment capabilities, which we draw on to provide customized solutions aligned to client needs, our most important benchmark. (*As of May 31,2019)

Job Purpose (Job Summary):
The Associate Director position will be responsible for direct oversight of all aspects of asset management for a broad portfolio of high-quality multifamily assets in Northern California and the Pacific Northwest Region. Position is to be based in San Francisco. As a member of the multifamily asset management team, the Associate Director is tasked with driving outperformance for their assets under management, working with the Managing Director on more complex investments, and ultimately serving as the multifamily expert in the respective markets assigned. The role is intended to provide the opportunity for talented and motivated individuals to further develop their experience and judgment to advance to a more senior-level asset manager competency.

Key Responsibilities / Duties:

• Drive investment strategy, value creation and outperformance through direct oversight of property operations, leasing and capital deployment
• Measure and monitor asset performance against a variety of benchmarks including; client objectives, pro-forma metrics, budget and market comps
• Perform regular market visits and property inspections for assigned assets; travel required
• Work collaboratively with JV partners and service providers while best serving Invesco's interests
• Actively engage in the appraisal and internal valuation process to ensure accurate results
• Develop, review and implement annual business plans
• Perform acquisition due diligence in collaboration with acquisitions, underwriting and engineering
• Assess prospective commercial tenants' businesses and credit worthiness, and recommend leases for execution in mixed-use investments
• Develop and maintain knowledge regarding capital markets activity in the region
• Provide ongoing feedback to Portfolio Management on market dynamics and asset performance
• Review and approve required client reports in final form
• Develop and foster productive working relationships with property management companies, brokers and industry peers
• Establish credibility both internally and externally as one of Invesco's multifamily asset management experts
• Serve as an active member of the national multifamily team, sharing best practices and shaping platform initiatives

Work Experience / Knowledge:

• Minimum of 5 years of hands-on commercial real estate experience preferred in one or more of the following disciplines: Asset Management, Acquisitions, Underwriting, Appraisal, Financial Analysis or Property Management
• Experience and passion for working with institutional quality multifamily investments
• Broad understanding of the operational and investment fundamentals of institutional real estate

Skills / Other Personal Attributes Required:

• Excellent verbal, written and interpersonal communication skills
• Effective organizational and time management skills
• Strong quantitative analysis skills
• High proficiency with Excel and Word
• Results oriented with a sense of urgency
• Natural curiosity
• Creative / innovative

Formal Education: (minimum requirement to perform job duties)

• Undergraduate degree is required; advanced degree a plus

FLSA (US Only): Exempt

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.