Asset Manager

L+M Development Partners LLC; Austin (TX); Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a highly motivated individual to drive strategic initiatives within their asset management team. This remote role focuses on managing a diverse portfolio of affordable and mixed-income multifamily properties across key markets. The ideal candidate will leverage their financial modeling expertise and asset management experience to enhance cash flow, monitor financial performance, and ensure compliance with regulatory programs. If you are self-motivated and thrive in a collaborative environment, this opportunity allows you to make a significant impact in a dynamic and growing organization.

Qualifications

• 3+ years of multifamily asset management experience required.
• Strong financial modeling skills and proficiency in Microsoft Office Suite.

Responsibilities

• Manage a diverse portfolio of multifamily assets across multiple markets.
• Oversee renovation execution and monitor property operations.

Skills

Financial modeling

Analytical skills

Communication skills

Leadership

Organizational skills

Education

Bachelor's degree in Finance or related field

Tools

Microsoft Office Suite

Excel

PowerPoint

Job description

The asset management team oversees all asset-level decisions. This team sits at the center of our investment management and property management teams, serving as leaders and collaborators with every function throughout the organization. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance and oversee property operations.

Responsibilities

• Manage a diverse portfolio of affordable and mixed-income multifamily assets across New York City, Atlanta, Dallas, and Austin markets. Monitor and evaluate financial operating results to enhance cash flow and profitability by completing monthly financial reviews and reviewing property data.
• Evaluate overall performance to assist in strategic business planning. Assist in establishing and enforcing benchmarks, guidelines, and policies.
• Work collaboratively with property management to identify challenges and execute timely and effective solutions. This includes management of budgets, staffing, capex, and other property programs.
• Efficiently manage third parties, including Property Managers, Consultants and Attorneys, to provide clear direction and skill-based leadership in executing on both the portfolio’s strategy and the specific asset’s business plan.
• Oversee renovation execution, including initial planning, working with general contractor on delivery timelines, and monitoring impact on leasing, rental rates, etc.
• Conduct regular site visits as needed to include but not limited to review of: curb appeal, status of capex projects, common area and vacant unit inspections, and personnel issues.
• Assist in annual budget preparation and approval process for assigned portfolio.
• Effectively present information and respond to questions from Fund Partners, and other stakeholders involved in the property and portfolio.
• Oversee and ensure compliance with all regulatory programs associated with individual properties within assigned portfolio.
• Identify areas in need of performance improvement.
• Monitor and analyze specified market conditions, using the area’s internal and external financial and economic data. Proactively respond to dynamic market conditions. Monitor ongoing current and future trends in demographics, job growth, economic drivers, product supply, as well as any other market forces.
• Monitor and analyze property operating financial metrics to help guide underwriting assumptions for existing portfolio and future transactions.
• Develop forward looking financial models that track performance and returns, including preforming buy/hold analyses, financing evaluations, and portfolio-level analyses of portfolio performance, etc.
• Assist in monitoring property valuations and identifying opportune moments to sell / refinance current property.
• Work closely with senior management on larger, complex deals while taking the lead on assigned portfolio with ad hoc support from SVP.

Qualifications

The ideal candidate will have the following qualifications:

• Minimum of 3+ years of multifamily asset management experience.
• Self-motivated and proactive with an established track record of working effectively and independently.
• Real estate private equity or fund background preferred.
• Experience with affordable housing programs, including project-based Section 8 preferred.
• Strong financial modeling skills and proficiency in Microsoft Office Suite.
• Proven track record of success and leadership, with past accomplishments clearly demonstrating an understanding of operations, financing, leasing, marketing, investment, and ownership issues.
• Superior analytical, quantitative, writing and technical/computer skills with proficiency in Excel and PowerPoint, including the ability to build and modify formulas and models for a variety of investments, joint ventures and fund structures.
• An intuitive and detailed sense of the dynamics and risks of each transaction. This person should have the ability to "look beyond the numbers" at the broader trends.
• A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines.
• Excellent interpersonal and communication skills (oral and written).
• Strong organizational skills and attention to detail.
• Travel will be required.

This is a remote position; however, candidates must reside near Austin, TX, Atlanta, GA, or Dallas, TX.