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Position Summary:
The Asset Manager oversees a portfolio of properties, focusing on driving performance and ensuring each asset stays aligned with its business plan. This role analyzes financial and market data to identify key drivers and areas for improvement. The Asset Manager partners closely with operations, senior leadership, and external stakeholders to provide insights on property performance, marketing strategy, and capital projects.
Responsibilities:
Provide strategic oversight of a portfolio of assets, to include:
Financial reporting and analysis to monitor property performance
Identification of property-level and market trends and formulation of strategies to maximize the value of each asset in accordance with its business plan
Develop and maintain effective revenue strategies to strengthen the revenue performance of assets across diverse markets
Diagnose and respond to inquiries from senior leadership and external partners regarding property performance, market challenges, occupancy issues, and other drivers of asset financial performance
Partner with, assess, influence, and performance manage operational teams within the assigned portfolio
Conduct periodic site visits to assess performance, evaluate market conditions, and establish strategic initiatives
Review marketing programs and pricing for portfolio assets
Compile monthly and quarterly reports for equity partners
Perform cash flow analysis and generate distribution recommendations
Monitor the status of renovation and capital improvement projects and perform return-on-investment calculations
Assist in preparing the construction budget and management of construction draws from debt and equity sources
Ensure compliance with loan agreements and manage all aspects of loan administration, including reporting and covenant monitoring
Assist with acquisitions, recapitalizations, and dispositions within the portfolio by providing analytical and operational support
May oversee an Asset Management Analyst with responsibility for training and mentoring of the analyst to ensure they have the necessary skills and knowledge to succeed.
Education and Experience:
Bachelor’s degree in Finance, Business, or related field. Experience may substitute for education
Five years’ experience, including two years of prior multifamily asset management experience
Experience working with institutional ownership groups is required
Knowledge of real estate asset management principles, including value creation strategies and portfolio optimization
Knowledge of financial reporting, budgeting, forecasting and variance analysis.
Knowledge of real estate finance concepts such as cash flow modeling, ROI,IRR and cap rates.
Knowledge of capital improvement planning, renovation processes and construction budgeting.
Skilled in financial modeling and tools such as Excel and property management software (Yardi, RealPage)
Skilled in written and verbal communication wit the ability to present financial performance and recommendations to executive leadership and partners.
Ability to manage multiple assets, deadlines and stakeholder expectations.
Ability to analyze complex data sets and financial information using quantitative methods to support strategic decision making and problem solving
Ability to identify performance trends and recommend data-driven strategies to maximize asset value.
Skilled in interpersonal communication with the ability to build relationships with stakeholders
Qualifications:
Physical Requirements:
May be required to sit or stand for extended periods of time
Must be able to read documents, computer screens and data
Must be able to hear and understand verbal communications in person and over the phone or computer
May occasionally be required to lift or carry items such as files or office supplies weighing up to 15 pounds
Must be able to operate a computer, keyboard, mouse and other office equipment
Work Environment:
This is an in office role, requiring the associate to work in our corporate office 5 days per week.
The office is an open setting which may include bright lights, constant noises and distractions
This role may require overnight travel quarterly
Company Information:
Join RPM Living and experience exceptional benefits designed to enhance your life.
Weekly pay for all associates working onsite at an apartment community
Comprehensive healthcare coverage available for all full-time, regular associates
Employer-paid employee assistance, mental health, and wellness programs
Ancillary benefits including critical illness, hospital indemnity, and accident insurance
401(k) with robust company match
Opportunities for professional development, career growth, and role-based learning plans
Diversity, Equity, Inclusion and Belonging (DEIB) and multiple Employee Resource Groups (ERG)
Paid time off plus floating holidays and volunteer days
Discounted Perks (Costco membership, movie tickets, health & wellness, entertainment & travel discounts)
Employment with RPM Living is contingent upon successful completion of a background check as local and federal state requires. A valid driver’s license is preferred; candidates without a license will be provided a liability waiver.
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