Asset Manager

Independence Realty Trust Inc.; Philadelphia (Philadelphia County); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive compensation package

Bonus opportunities

Stock awards

Paid holidays and PTO

Health insurance

401k with matching

Job summary

Independence Realty Trust is seeking an Asset Manager for our Philadelphia, PA corporate office. The role manages portfolio performance across a multi-city region, driving NOI growth, capital efficiency, and asset value through on-site collaboration and strategic initiatives.

The ideal candidate has a solid financial analysis foundation, hands-on multifamily experience, and can juggle multiple priorities across a geographically diverse portfolio. Up to 30% travel may be required.

Qualifications

• Bachelor’s degree in Business, Finance, Real Estate, or related field.
• MBA or advanced degree is a plus.
• Minimum 5 years in real estate asset management, valuation, or financial analysis; multifamily experience preferred.
• Professional designations such as CFA, CPM, CCIM are a plus.
• Proficiency in Excel, including DCF/IRR modeling and scenario analysis.
• Experience with property/asset management platforms (Yardi, RealPage, Entrata).
• Excellent written and verbal communication; able to present complex financial analysis to leadership.
• Strong organization; manage multiple assets across a regional portfolio.
• Up to 30% travel.

Responsibilities

• Identify opportunities to increase revenue and decrease operating expenses across the portfolio.
• Develop and maintain market knowledge for each submarket; analyze rent positioning and trends.
• Evaluate value-add strategies including renovations, amenities, and operations improvements.
• Improve portfolio performance, efficiency, and competitive positioning.
• Oversee lease-up and stabilization for value-add assets.
• Run annual budgeting: revenue projections, expense benchmarking, capex planning.
• Track capital projects for on-budget and on-schedule completion.
• Support quarterly earnings calls with variance analysis.
• Collaborate with on-site and regional teams to share best practices.
• Participate in portfolio reviews and provide market insights.

Skills

DCF/IRR modeling

Financial analysis

Asset management

Communication

Education

Bachelor’s degree

MBA or advanced degree

Tools

Yardi

RealPage

Entrata

Job description

We're currently seeking an Asset Manager for our Philadelphia, PA corporate office. The Asset Manager is responsible for analyzing portfolio performance and implementing strategies that maximize the value of residential communities across a multi-city region. This role serves as a key link between property operations and company leadership, driving NOI growth, capital efficiency, and long-term asset value. The ideal candidate brings a strong analytical foundation, hands‑on multifamily experience, and the ability to manage multiple priorities across a geographically diverse portfolio.

Qualifications

Duties include but are not limited to

Portfolio Performance & Strategy

• Identify and act on opportunities to increase revenue and decrease operating expenses across the portfolio.
• Develop and maintain in-depth market knowledge for each submarket within the region, including submarket trends, competitive set analysis, rent positioning, and new construction.
• Evaluate and implement value-add strategies, including unit renovation programs, amenity upgrades, and operational improvements.
• Continuously identify areas of opportunity to improve portfolio performance, efficiency, and competitive positioning.
• Oversee lease‑up and stabilization strategy for value‑add or newly delivered assets within the portfolio.

Reporting & Financial Analysis

• Run the annual budgeting process, including revenue projections, expense benchmarking, and capital expense planning.
• Identify root cause of actual performance compared to budget expectations.
• Review and track capital projects to ensure on‑budget and on‑schedule completion
• Assist management in preparation for quarterly earnings calls and board meetings, including variance analysis and narrative commentary.

Operations & Property Management Collaboration

• Partner with on‑site and regional property management teams to implement and continuously refine operational best practices.
• Participate in weekly revenue strategy calls, contributing market intelligence and portfolio‑level perspectives and strategy.
• Participate in and/or lead biannual portfolio review meetings.
• Perform regular property site inspections across the region to assess physical condition, operations, and competitive positioning.

Acquisitions & Dispositions Support

• Assist with underwriting and due diligence for potential acquisitions.
• Support disposition processes including preparation of asset‑level financial summaries and due diligence coordination with the transaction team.
• Perform all related duties assigned by Management.

Requirements Include But Are Not Limited To

• Bachelor’s degree in Business, Finance, Real Estate, or a related field required; MBA or advanced degree a plus.
• Minimum 5 years of real estate asset management, valuation, or financial analysis experience; multifamily/conventional apartment experience strongly preferred.
• Relevant professional designations a plus (e.g., CFA, CPM, CCIM).
• Advanced proficiency in Microsoft Excel, including DCF/IRR modeling and scenario analysis.
• Experience with property management and asset management platforms required; Yardi, RealPage, or Entrata experience strongly preferred.
• Excellent written and verbal communication skills; able to present complex financial analysis clearly to leadership and stakeholders.
• Strong organizational skills with the ability to manage multiple assets and competing deadlines across a regional portfolio.
• Self‑directed and proactive, with a demonstrated ability to identify problems and implement solutions with minimal supervision.
• Collaborative team player who works effectively with property management, accounting, and executive leadership teams.
• This position requires up to 30% travel, which may vary based on business needs.

We Offer

• Competitive Compensation Package
• Bonus Opportunities
• Stock Awards
• Paid Holidays and Paid Time Off
• BCBS PPO Health Insurance
• 401k with 4% match

Independence Realty Trust is an Equal Opportunity Employer and committed to building a diverse and inclusive culture. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital or veteran status, disability, or any other legally protected classes.