Asset Manager (Scattered Site)

Coastal Ridge Real Estate; Columbus (OH); On-site; USD 45,000 - 113,000; Full time

Job summary

Coastal Ridge Real Estate is seeking a mid-senior level Asset Manager/Portfolio Manager to optimize asset value for a diverse portfolio of properties. This position requires strong analytical skills, a bachelor's degree, and at least 2 years of relevant experience in asset management. The role involves collaboration with internal and external teams, financial modeling, and strategic decision making for investments.

Benefits

Competitive benefits package

Fitness center access

Rooftop terrace

Qualifications

• 2+ years’ professional experience in Asset or Investment Management preferred.
• Multi-family experience inclusive of internships is a plus.
• Ability to manage multiple projects and maintain strict timelines.

Responsibilities

• Optimize asset value and investor returns for a portfolio of 1,675+ units.
• Lead the Asset/Portfolio Management Team and develop financial models.
• Participate in debt strategy and quarterly property valuations.

Skills

Analytical skills

Project management

Communication

Education

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

Tools

MS Word

MS Excel

MS PowerPoint

Job description

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What You’ll Do:

As an Asset Manager/Portfolio Manager, you will support the Asset Management and Portfolio Management team in the oversight of our portfolio of properties located in Columbus, OH and Cincinnati, OH. This is a key role within our corporate office that collaborates across a wide array of stakeholders ranging from internal teams to external partners.

Where You’ll Work:

Located in downtown Columbus, Ohio, our corporate offices overlook the Columbus Commons which plays hosts to over 200 events throughout the year. Enjoy the building’s fitness center and rooftop terrace with adjoining clubroom and walk to some of the city’s best restaurants and downtown amenities.

What You’ll Own:

• Optimize asset value and investor returns for a scattered site portfolio consisting of 1,675(+) conventional and student housing units across multiple markets.
• Lead the Asset/Portfolio Management Team (currently one analyst) as we scale in existing markets and strategically enter new markets.
• Develop and maintain all department financial models, reports, and ad hoc analyses supporting asset management and portfolio management objectives.
• Participate in debt strategy including evaluation of refinance, DSCR analysis, and recapitalization opportunities. Manage the completion of all lender-required repairs and compliance reporting.
• Participate in quarterly property valuations and hold/sell review., including the coordination of third-party appraisals and BOV’s (broker opinion of value). Assist leadership in outlining strategic disposition timelines and property repositioning strategy.
• Create and analyze annual market reports for each asset in the portfolio to support strategic investment and asset management decisions.
• Collaborate with transaction team to develop and update business plan assumptions for new acquisitions.
• Collaborate with external property tax consultants via monthly review and ad hoc analyses, minimizing tax liability for portfolio.
• Coordinate the disposition process including broker management, due diligence consolidation, closing execution, and final investment summary.
• Review and analyze annual operating budgets prepared by the operations team. Analyze monthly operating statements to monitor business plan progress.
• Create and maintain comprehensive capital plans for each asset including deferred maintenance, asset preservation, capital improvements and replacement reserve forecasts. Track business plan progress and premium achievement.
• Facilitate recurring performance calls with each property team to identify opportunities for operational efficiency.
• Regular analysis of asset level cash management, investor distributions, and capital calls.
• Oversee and manage the relationship with a small portfolio of commercial tenants and utilize the brokerage market and ongoing relationships to optimize the portfolio.
  
  

What You’ll Bring:

• Bachelor’s degree required. Business, Real Estate, Finance, or Economics major, preferred.
• 2+ years’ professional experience in Asset or Investment Management. Multi-family experience, inclusive of internships, preferred.
• Advanced modeling and analytical skills. Proficiency in MS Word, Excel and PowerPoint required.
• Ability to manage multiple projects and maintain strict timelines.
• Effective written and verbal communication and exceptional customer service skills.
• Must be comfortable interfacing with both internal and external stakeholders, including investors and business partners.
• The ability to lead a team of analysts.
  
  

Who You Are:

• Financially focused. You look at information with a discerning eye to ensure its accuracy. You use a data-driven approach to make decisions that positively impact the company’s financials. You find creative ways to move the needle and are focused on driving results that ultimately influence the bottom line.
• An analytical problem solver. You visualize, articulate, conceptualize, and solve complex problems by making decisions that are sensible given the available information. You keep it cool when things get crazy and approach problems with viable solutions. You pay attention to the small things that make a big difference.
• A captivator. You’ve got strong verbal, written and interpersonal communication skills including public speaking and presentation skills. You engage our employees and foster an environment that makes learning exciting.
• A masterful executor. You get things done. You fervently plan to meet deadlines and achieve goals. You manage tasks in a fast-paced environment with many moving pieces and stakeholders and ensure goals reach or surpass the finish line. You shift priorities and objectives as the business needs change. You possess internal motivation and drive with a track record of delivering results.
  
  

Our Company:

Built on the foundation of over 20 years of friendships, Coastal Ridge is a vertically integrated multifamily real estate operator, investor, and developer whose unique approach successfully combines data and experience. Supported by over 800 real estate professionals with deep sector expertise, we have quickly grown into a leader in the multifamily industry. Our values are based on relationships and driven by honesty, integrity, and trust.

What You’ll Get:

As a Coastal Ridge Real Estate associate, you’ll be eligible to participate in a variety of benefit programs designed to fit you and your lifestyle. We are committed to providing competitive and comprehensive benefits that align with our culture and the needs of our associates.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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