Assistant Vice President, Asset Management

Harbor Group Management Company; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

Harbor Group Management Company, a leader in real estate investment, is seeking a dedicated Assistant Vice President of Asset Management. This role involves strategic management of the company's portfolios, financial oversight, and collaboration across teams to enhance operational performance. Ideal candidates are detail-oriented, possess strong analytical skills, and have substantial experience in real estate finance.

Benefits

Competitive Salaries & Bonuses

Medical, Dental & Vision Plans

401(k) Plan with Employer Matching Contributions

Paid Personal Time & Holidays

Flexible Spending Accounts

Employee Recognition & Awards

Tuition Reimbursement

Qualifications

• Minimum of 4 to 7 years of relevant experience in real estate and/or finance.
• Experience with multifamily properties strongly preferred.
• Knowledge of financial calculations such as NPV, DCF, and IRR.

Responsibilities

• Collaborate with Transactions, Property Management, and Investor Relations on acquisitions.
• Monitor financial operating results and implement improvements.
• Conduct site visits and manage annual budget review.

Skills

Analytical skills

Problem-solving

Communication skills

Negotiation skills

Education

MBA or master’s in real estate

Tools

MS Excel

MS Word

MS PowerPoint

Job description

Join to apply for the Assistant Vice President, Asset Management role at Harbor Group Management Company

Join to apply for the Assistant Vice President, Asset Management role at Harbor Group Management Company

Get AI-powered advice on this job and more exclusive features.

Harbor Group Management Company is a multi-billion dollar real estate investment and property management firm. As we continue to grow, we are looking for passionate, goal oriented, creative individuals with an entrepreneurial spirit and great communication skills. Harbor Group is dedicated to outstanding customer service and providing exquisite living experience for our residents.

JOB TITLE: Assistant Vice President Asset Management

LOCATION: Onsite, in Norfolk, VA or New York, NY Corporate Offices.

JOB SUMMARY: In the role of Assistant Vice President of Asset Management, you are a part of Harbor Group International’s Asset Management Group, which manages all the company’s direct equity, preferred equity, and debt portfolio investments.

ESSENTIAL DUTIES AND RESPONSIBILITIES: Include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by Harbor Group International.

• Work collaboratively with the Transactions, Property Management, and Investor Relations teams on new acquisitions. Participate directly in the development of strategic business plans for new investments and be responsible for the asset management elements of the acquisition process including vetting and sign-off on all operating and capital improvement underwriting assumptions, developing the scope of work for renovation and capital improvement projects, establishing target rent and operating expense levels, finalizing operational and capital budgets, documenting operational plans and investment goals/objectives, and onboarding new acquisitions into the portfolio.
• Review weekly and monthly property data for owned properties, including leasing reports, traffic reports, construction progress reports, aged delinquencies, etc., and work with Property Management to improve operational performance. Identify and troubleshoot issues relating to occupancy and turnover, opportunities to improve rents and implement other income initiatives, controlling expenses, and addressing renovation program challenges including leasing issues, scope of work, rent premiums, excess turn times, etc. Stay abreast of micro, local, and regional market trends and meet or exceed market-based performance benchmarks.
• Monitor, review, and evaluate financial operating results, working with Property Management to implement changes as needed to enhance cash flow and profitability. Manage capital improvement and other reserve balances. Ensure that quarterly and annual cash distribution targets to investors are met.
• Conduct site visits on a regular basis and meet with Property Management to review and assess operations, capital improvement programs, and property physical condition.
• Manage the annual budget review and approval process for the assigned portfolio and for new acquisitions.
• Oversee tax appeal issues and ensure regulatory and lender compliance requirements. Working with Property Management and the finance team, implement initiatives as needed to ensure compliance.
• Support the Transactions team on disposition and refinancing efforts. Participate in sell/hold/refinance decision making, assist with review of broker BOVs and capital transaction analysis, and monitor/address operations during the sale/refinancing process to ensure a successful outcome.
• Effectively present information to and respond to questions from groups of executives, investors, lenders, and partners.
• Support the Transactions team on dispositions and refinancings. Assist with hold/sell analysis and transactional support for dispositions including buyer Q&A and requests for information.
• Participate in regular calls to review portfolio and property performance with the VP and property management teams.
• Support monthly Executive Committee and Asset Management Meeting reporting activities and related Q&A.
• Support quarterly investor reporting activities and assist with Q&A with the investor relations group.
• Assist with loan administration, reserve administration, and lender/servicer interface.
  
  

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• An MBA or a master’s in real estate or other relevant fields is strongly preferred.
• Minimum of 4 to 7 years of relevant experience in real estate and/or finance; experience with multifamily properties strongly preferred.
• An investment mindset with a thorough understanding of financial calculations such as NPV, DCF, and IRR.
• Previous real estate financial analysis and modeling experience.
• Knowledge of real estate accounting, financial statements, and variance analysis.
• Superior analytical and problem-solving skills.
• Strong presentation, negotiation, and communication skills.
• Proficiency with MS Excel, Word, and PowerPoint required; proficiency with MRI, Axiometrics, and/or LRO a plus.
• A team player who can operate effectively within a fast paced environment.
• Excellent organizational and time management skills. Ability to balance competing priorities. Able to work with time-sensitive, detail-oriented material and meet multiple deadlines.
• The ability to travel frequently.
  
  

PHYSICAL REQUIREMENTS / WORKING CONDITIONS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand, walk, and sit. The employee is occasionally required to reach with hands and arms, climb or balance, stoop, kneel, crouch, or crawl, and taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Ability to travel up to 40%, either by driving an automobile or commercial flying. Travel may require overnight stays.

WHAT WE OFFER:

• Competitive Salaries & Bonuses
• Medical, Dental & Vision Plans
• 401(k) Plan with Employer Matching Contributions
• Paid Personal Time & Holidays
• Flexible Spending Accounts
• Free Long-Term Disability
• Free Life Insurance
• Short Term Disability
• Health Savings Account with Employer Contributions
• Wellness Perks
• FinFit Health Finance Program
• Employee Apartment Discount
• Employee Referral Program
• Employee Recognition & Awards
• Employee Assistance Program
• Volunteer & Community Service Opportunities
• Tuition Reimbursement
  
  

Veteran Friendly

This pre-employment application will be given every consideration, but its receipt does not imply that the applicant will be employed. Each question should be answered in a complete and accurate manner as no action can be taken on this application until all questions have been answered.

Harbor Group Management is proudly an Equal Opportunity Employer EOE/M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

Referrals increase your chances of interviewing at Harbor Group Management Company by 2x

Get notified about new Vice President Asset Management jobs in New York, NY.

Business Relationship Manager Senior Acquisition- Vice President

Vice President, Asset Management - CRE Modeling

Fund Origination - Assistant Vice President

New York, NY $110,000.00-$150,000.00 2 days ago

Assistant Vice President of Tax (Partnership)

New York City Metropolitan Area $100,000.00-$130,000.00 3 days ago

Director, Infrastructure Asset Management

New York City Metropolitan Area 1 month ago

Vice President, Brooklyn & Queens, Commercial & Industrial

Vice President - Alternative Investments - Infrastructure

New York, NY $180,000.00-$200,000.00 1 month ago

Capital and Liquidity Policy- New York – Vice President (Securitization & Banking Book Equity)

Vice President, Aviation / Director of Aviation

Asset Management - Hedge Fund/Private Credit Operational Due Diligence - Vice President

Asset Management - Alternatives Product Development - Executive Director

New York, NY $130,000.00-$135,000.00 4 weeks ago

Assistant Director - Engineering, Asset Management | Client Experience Portfolio

VP, Consumer Credit Acquisitions Strategy - OnePay

New York City Metropolitan Area $135,000.00-$230,000.00 2 days ago

Chief Administrative Officer at Bowery Residents' Committee

New York, NY $475,000.00-$750,000.00 3 days ago

Asset Management - Private Equity Operational Due Diligence - Vice President

Director of ETF Product Marketing, Asset Management

New York, NY $131,905.00-$224,135.00 19 hours ago

Senior Analyst/Associate, Asset Management, Hospitality

New York, NY $135,000.00-$155,000.00 1 week ago

Director of Marketing & Financial Writing (Asset Management)

New York, NY $200,000.00-$240,000.00 13 hours ago

Cash Management/Money Movement Product Owner - AVP

New York, NY $150,000.00-$200,000.00 1 day ago

Asset & Wealth Management, Head of ETF Marketing, Vice President

New York, NY $150,000.00-$200,000.00 1 day ago

Asset Management - Transportation Investment Specialist - Executive Director

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.