Asset Manager

Premier Executive Search; Delaware; Sur place; USD 90 000 - 130 000; Plein temps

Résumé du poste

Premier Executive Search is partnering with a well-established real estate organization in Wilmington, Delaware, to identify a Residential Asset Manager who will oversee a multifamily portfolio and partner with property operations to drive NOI and performance.

The role requires onsite work in Wilmington five days per week, with a strong emphasis on financial analysis, budgeting, and collaboration with operations teams.

Qualifications

• Direct professional experience in residential/multifamily asset management is required.
• Experience managing a portfolio of multifamily properties.
• Strong Excel and financial analysis skills.
• Must reside within commuting distance of Wilmington, DE.
• Must work onsite in Wilmington five days per week.

Responsabilités

• Monitor the financial and operational performance of a portfolio of multifamily residential properties.
• Partner closely with property management and operations teams to identify opportunities to improve asset performance.
• Review monthly financial statements, operating budgets, forecasts, and variances.
• Analyze occupancy, rental rates, leasing trends, concessions, retention, collections and expenses.
• Identify opportunities to increase revenue, reduce costs, and maximize NOI.
• Monitor capital expenditures, renovations, and value-add initiatives.
• Understand local market conditions and competitive properties impacts.

Connaissances

Residential asset management

Financial analysis

Budgeting and forecasting

Excel proficiency

Communication skills

Onsite collaboration

Property performance optimization

Outils

Real estate financial modeling

Description du poste

About the Opportunity

We are partnering with a well-established, privately held real estate investment, development, and management company in Wilmington, Delaware, seeking a Residential Asset Manager to help oversee and maximize the performance of its multifamily portfolio. This is an excellent opportunity for someone currently working in residential asset management who enjoys being close to the business, partnering with property operations, understanding what drives performance across different communities, and identifying opportunities to increase revenue, reduce expenses, and improve NOI. The ideal candidate combines strong financial and analytical skills with a practical understanding of multifamily property operations. We are looking for someone who can dig into the numbers, recognize trends, ask the right questions, and work collaboratively with property management teams to drive results.

Key Responsibilities

• Monitor the financial and operational performance of a portfolio of multifamily residential properties.
• Partner closely with property management and operations teams to identify opportunities to improve asset performance.
• Review monthly financial statements, operating budgets, forecasts, and actual-to-budget variances.
• Analyze property-level performance, including occupancy, rental rates, leasing trends, concessions, resident retention, collections, and operating expenses.
• Identify opportunities to increase revenue, control costs, and maximize net operating income (NOI).
• Monitor capital expenditures, renovation programs, and value-add initiatives, evaluating their impact on property performance.
• Understand local market conditions, competitive properties, rental trends, and other factors influencing performance.
• Assist in developing and executing annual asset business plans and operating strategies.
• Prepare financial analyses, performance reports, and recommendations for senior leadership.
• Collaborate with internal finance, accounting, construction, development, and property management teams to achieve investment objectives.

Required Qualifications

• Direct professional experience in residential/multifamily asset management is required.
• Experience working with a portfolio of multifamily properties, ideally within an owner/operator, real estate investment firm, or established multifamily management organization.
• Strong understanding of multifamily property operations and the key drivers of NOI.
• Hands-on experience with property-level budgeting, financial reporting, forecasting, and variance analysis.
• Ability to evaluate revenue opportunities, expense reductions, occupancy trends, and capital improvement initiatives.
• Strong Excel and financial analysis skills.
• Experience working directly with property management and operations teams.
• Excellent communication and interpersonal skills, with the ability to build relationships and effectively communicate financial and operational findings.
• Proactive, analytical, detail-oriented, and comfortable taking ownership of projects and recommendations.
• Must currently reside within a reasonable daily commuting distance of Wilmington, Delaware.
• Must be able to work onsite in Wilmington five days per week. This is not a hybrid or remote position.

Preferred Experience

• Asset management experience with Class A, B, or workforce multifamily housing.
• Experience managing or analyzing multiple properties across different markets.
• Exposure to value-add strategies, renovations, capital planning, and asset repositioning.
• Experience with real estate financial modeling, valuations, or investment analysis.
• Background with a vertically integrated multifamily owner/operator.

Why Consider This Opportunity?

• Join an established and growing real estate organization with a substantial residential portfolio.
• Work closely with senior leadership and experienced real estate professionals.
• Have a direct impact on property performance, investment strategies, and profitability.
• Gain exposure to a broad range of residential assets and business initiatives.
• Be part of a collaborative, hands-on environment where your analysis and recommendations matter.

Interested?

If you're currently working in multifamily asset management, enjoy both the financial and operational sides of real estate, and are looking for an opportunity to make a meaningful impact, we'd love to speak with you. Please note: This position requires prior residential asset management experience and onsite attendance five days per week in Wilmington, DE. Candidates must already live within commuting distance.