Asset Manager

Soni; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

Soni in New York City seeks an Asset Manager to oversee and optimize the performance of an established NYC portfolio. The role connects property operations with investment strategy, using financial analysis to improve cash flow, property performance, and long-term asset value.

The Asset Manager will partner with ownership and collaborate across property management, leasing, finance, construction, and development teams to drive value and ensure operational priorities are met.

Qualifications

• 5+ years of real estate asset management experience.
• Experience overseeing portfolios with thousands of residential units.
• Strong knowledge of budgeting, forecasting, NOI, and investment analysis.
• Proficient in advanced Excel and financial modeling.

Responsibilities

• Develop and execute property business plans focused on revenue growth, cost management, and returns.
• Monitor asset performance against budgets, forecasts, and investment objectives.
• Analyze financial statements, cash flow, NOI, and budget variances.
• Support annual budgeting, financial projections, and lender reporting.
• Evaluate leasing decisions, renovations, and capital projects based on returns.
• Collaborate with property management to address occupancy, maintenance, and operational issues.
• Monitor leasing activity, renewals, pricing, concessions, and market trends.
• Conduct regular property visits and address operational priorities.
• Prioritize capital improvements and monitor project budgets and timelines.
• Support underwriting, due diligence, valuations, acquisitions, disposals, and refinancing.

Skills

Analytical skills

Communication skills

Presentation skills

Education

Bachelor’s degree in finance, real estate, accounting, business, economics, or related field

Tools

Excel

Financial modeling

Job description

A real estate owner and operator is seeking an Asset Manager to oversee and optimize the performance of an established NYC portfolio. This role will connect property operations with investment strategy, using financial and operational analysis to improve cash flow, property performance, and long-term asset value. The Asset Manager will work closely with ownership and collaborate across property management, leasing, finance, construction, and development teams.

Key Responsibilities

• Develop and execute property business plans focused on revenue growth, cost management, and investment returns.
• Monitor asset performance against budgets, forecasts, and investment objectives, identifying risks and opportunities.
• Analyze financial statements, cash flow, NOI, budget variances, and property-level forecasts.
• Support annual budgeting, financial projections, and ownership and lender reporting.
• Evaluate leasing decisions, renovations, capital projects, and other investments based on financial impact and expected returns.
• Partner with property management teams to address collections, occupancy, turnover, maintenance, and operational issues.
• Monitor leasing activity, renewals, pricing, concessions, and market trends to identify revenue opportunities.
• Conduct regular property visits and ensure operational priorities are addressed.
• Help prioritize capital improvements and monitor project budgets, timelines, and results.
• Support underwriting, due diligence, valuations, acquisitions, dispositions, and refinancing initiatives.

Qualifications

• 5+ years of real estate asset management experience, preferably with NYC multifamily or mixed-use portfolios.
• Experience managing or overseeing portfolios consisting of several thousand residential units.
• Strong knowledge of property financials, budgeting, forecasting, NOI, and investment analysis.
• Advanced Excel and financial modeling skills.
• Knowledge of NYC rental market conditions and applicable housing regulations.
• Ability to manage multiple assets and initiatives while coordinating with cross-functional teams.
• Strong analytical, communication, and presentation skills, including experience presenting recommendations to senior leadership.
• Bachelor’s degree in finance, real estate, accounting, business, economics, or a related field.

Preferred Qualifications

• Experience with capital improvement programs, real estate transactions, and property accounting platforms.
• Familiarity with Rent Manager.
• Advanced degree in a relevant field.

Compensation: $120,000-150,000 Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.