Asset Manager/Director of Asset Management

Post Real Estate Group; Beverly Hills (CA); Hybrid; USD 145,000 - 190,000; Full time

Job summary

Post Investment Group is expanding its asset management team in Beverly Hills, CA, and seeks experienced professionals to oversee multifamily assets, oversee budgets, capex, and renovations, and drive performance across a diverse portfolio.

Join a team focused on value creation through detailed financial analysis, market monitoring, and disciplined operations, with a hybrid work arrangement and multi-state travel.

Qualifications

• Bachelor's degree in a relevant field (real estate, business, or finance).
• Minimum 7 years in multifamily asset or property management.
• Proficiency in Microsoft Excel and Microsoft Office suite.

Responsibilities

• Evaluate performance and assist in strategic planning with Head of Asset Management.
• Perform monthly financial reviews and improve cashflow, reclasses, and statements.
• Review and improve operations including leasing, marketing, staffing, and maintenance.
• Negotiate vendor contracts and pursue portfolio-wide expense reductions.
• Collaborate with property management to manage budgets, capex, and programs.
• Assist renovation planning and oversee timelines and leasing impact.
• Conduct site visits to monitor capex, curb appeal, and operations.
• Problem-solve portfolio issues through research and analysis.
• Help due diligence and financial modeling for acquisitions/dispositions.
• Mentor Associates/Analysts to grow into asset managers roles.
• Ensure compliance with regulatory programs for properties.

Skills

Excel

Analytical thinking

Travel readiness

MS Office

Education

Bachelor's degree

Tools

Yardi

Entrata

Job description

About PREG

Established in 2007, Post Real Estate Group (“PREG”) is a vertically integrated real estate investment firm focused predominantly on the acquisition and ownership of apartment communities throughout the country. Post has acquired in excess of $3.5 Billion of properties encompassing more than 33,000 units across 15 states and over 50 cities.

Headquartered in Beverly Hills, CA, PREG also maintains operations in Dallas, TX. Vertical operations include property management, construction services as well as ancillary business services divisions. PREG’s specialty is in the creation and execution of complex affordable housing transactions in partnership with governmental agencies and non-profit organizations. In addition to multifamily, the company also owns a small portfolio of industrial buildings and mobile home parks.

Job Description

Post Investment Group and its affiliated entities (“Post”) is in expansion mode, and will be looking for qualified asset managers to join this growing team.

Responsibilities

• Evaluate overall performance to assist in strategic business planning. Assist Head of Asset Management in establishing and enforcing benchmarks, guidelines, and policies.

• Perform monthly financial reviews which include creating strategies to enhance the performance of the asset, exceed budgeted and Underwritten cashflow and do monthly reclasses and accruals for clean financial statements.

• Review and improve property operations including but not limited to leasing, marketing strategy/spend, expense analysis, staffing, maintenance efficiency, and property condition.

• Negotiate major vendor contracts and pursue portfolio wide expense reductions through vendor bidding

• Work collaboratively with property management teams to identify challenges and execute timely and effective solutions. This would include management of budgets, staffing, capex, and other property programs.

• Assist in renovation execution (alongside renovation team), 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.

• Problem solve property and portfolio level issues through research, analysis and implementation

• Assist in conducting due diligence and financial modeling for new acquisitions and dispositions

• Oversee and mentor Associates/Analysts in order to give them the insight and experience to grow to be asset managers within the company.

• Oversee and ensure compliance with all regulatory programs associated with individual properties within assigned portfolio.

Qualifications

• Bachelor's degree (BA/BS) from a four-year college or university (prefer science, real estate, business or finance)

• Minimum of 7 years experience in hands on multifamily asset management and/or property management

• Highly proficient in Microsoft Excel and Microsoft Suite Products

• Familiarity with Yardi and Entrata Systems preferred.

• An analytical approach with a results oriented mindset

• Travel to properties will be required

Other

This position will report to the VP, Asset Management. It will offer the qualified candidate with competitive base pay along with performance bonus and benefits. Flexible hours available but Hybrid work (3 - 4 days in office/ field). Multi-State travel required.

ADDITIONAL ASSET MANAGEMENT JOB RESPONSIBILITIES

• Produce roll-up and exception reporting models to help identify areas in need of performance improvement.

• Monitor and analyze specified market conditions, using the area’s internal and external financial and economic data.

• Monitor and analyze property operating financial metrics to help guide the benchmark underwriting assumptions for existing company portfolio and future transactions.

• Assist in monitoring property valuations and identifying opportune moments to sell / refinance current property.

Compensation + Benefits

• $145,000 - $190,000 plus year end discretionary bonus

• Benefit package includes medical, dental, vision, Life/AD&D, 401K, paid time off, and holidays.

The Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status