Asset Manager

Cobalt Recruitment; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

Cobalt Recruitment is seeking an Asset Manager responsible for overseeing the financial well-being of multifamily portfolios in New York. The role includes managing business plans, enhancing asset value through strategic financial management, and collaborating with various operational teams. Ideal candidates will have substantial experience in asset management and a deep understanding of the residential real estate market.

Qualifications

• 7-10 years of experience in real estate asset management.
• Strong understanding of multifamily and mixed-use property operations.
• Ability to interpret financial statements and lease agreements.

Responsibilities

• Manage performance of a portfolio of multifamily and mixed-use assets.
• Analyze asset performance against business plans and budgets.
• Prepare monthly and quarterly reports for stakeholders.

Skills

Financial analysis

Tenant relations

Communication

Market analysis

Education

Bachelor’s degree in Finance, Real Estate, or Economics

Master’s preferred

Tools

ARGUS

Excel

Job description

Direct message the job poster from Cobalt Recruitment

Overview

The Asset Manager will be responsible for the financial well-being of the multifamily portfolio, managing business plan execution, financial performance, tenant relations, and operational efficiency in the specified region. The ideal candidate will have experience in real estate investment, asset management, and a strong understanding of the residential real estate market.

Key Responsibilities:

• Portfolio Oversight: Manage day-to-day performance of a portfolio of multifamily and mixed-use assets, from acquisition through stabilization and/or disposition.
• Financial Management: Analyze and track asset performance against business plans, budgets, and pro formas. Work with property management and leasing teams to identify and execute strategies to enhance NOI and asset value.
• Reporting & Analysis: Prepare monthly and quarterly reports for internal stakeholders and capital partners; present performance updates and strategic recommendations.
• Market Intelligence: Monitor local and national market trends to inform rent pricing, leasing strategy, and capital expenditures.
• Stakeholder Collaboration: Work closely with property management, development, acquisitions, and finance teams to align operational execution with investment goals.
• Disposition Support: Contribute to asset sale processes, including broker selection, pricing strategies, due diligence, and transaction execution.

Qualifications:

• Bachelor’s degree in Finance, Real Estate, Economics, or related field (Master’s preferred)
• 7–10 years of relevant experience in real estate asset management (acquisition experience a plus; LIHTC experience a plus)
• Strong understanding of multifamily and mixed-use property operations and valuation
• Proficiency in ARGUS, Excel, and financial modeling
• Ability to interpret financial statements, lease agreements, and partnership structures
• Excellent communication and presentation skills

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management

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