Multifamily Asset Management, Associate / Vice President

Keller Augusta; New York (NY); On-site; USD 225,000 - 350,000; Full time

Job summary

A leading investment management firm is seeking an Associate or Vice President for a multifamily asset management role in New York. This position involves operational and strategic support across a growing portfolio of over 17,000 units. The ideal candidate will have strong analytical skills and 3-7 years of related experience, working in a fast-paced, collaborative environment. Full-time employment with a competitive salary is offered.

Qualifications

• Candidates must have 3-7 years of experience in multifamily asset management.
• Must be self-motivated, a critical thinker, enthusiastic, inquisitive, and detail oriented.
• Ability to work in a team environment.

Responsibilities

• Analyze and provide operational and strategic support for multifamily portfolio.
• Manage asset performance and identify issues.
• Review and analyze monthly financial packages.

Skills

Analytical skills

Fluency in Excel

Attention to detail

Education

Bachelor’s degree in Finance, Economics, or Business Administration

Job description

Overview

This range is provided by Keller Augusta. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range: $225,000.00/yr - $350,000.00/yr

Company Overview:

Our New York / San Francisco based client is a leading investment manager specializing in private equity real estate investing throughout the U.S. The team has systematically developed and refined their unique and disciplined approach to investing across multiple asset classes and geographies. Through their current platform and its predecessor entities, the team has acquired over 120 investments totaling in excess of $13.5 billion of gross cost since inception. Our client is growing and constantly evolving to ensure they remain well positioned to deliver high-quality solutions and exceptional performance to their partners.

Position Overview:

The Associate or Vice President position is a New York based role focused on Multifamily Asset Management. This position will report to the team’s Managing Director and President. The role’s primary responsibilities are to analyze and provide operational and strategic support across the firm’s growing multifamily portfolio (currently more than 17,000 units). This role will be a key member of the Asset Management team in a high-volume, fast-paced, and team-driven environment, helping to drive portfolio performance and create value throughout the life cycle of various multifamily investments.

This role will be responsible for an array of tasks ranging from financial analytics to project management, focusing on value creation through diligent management and oversight. The position will collaborate with employees across the firm, and third parties (joint venture partners, property managers, attorneys, consultants).

Key Responsibilities

• Asset management of market rate, development and select affordable rental apartment properties located throughout the U.S.
• Identify and alert team members to issues as they arise and work with the team to evaluate and implement solutions.
• Concisely articulate asset performance, as well as potential issues and opportunities, to senior team on a regular basis or as required.
• Develop budget projections and coordinate reforecasts and other reports as applicable.
• Monitor and track key performance metrics across assets on a weekly and monthly basis.
• Perform regular site visits and property assessments.
• Attend regular calls with operating partners.
• Review and analyze monthly financial packages, highlight issues.
• Track portfolio performance and utilize this as a benchmark for potential acquisitions.
• Analyze rent comparables and market surveys for current portfolio and potential acquisitions.
• Track capital expenditures and unit renovation programs.
• Assist in investor and asset management reporting.
• Interact with senior investment professionals; collaborate with the acquisition, asset management team and outside partners.
• Assist with the overall direction of property operations, rental pricing, capital investment, and assessment and strategy related to market conditions and asset performance.
• Effective, 360 degree written and verbal communication with JV partners, property staff, internal and external funds management and administration.
• Monitor property level cash management, overseeing capital calls and distributions.

Requirements

• Bachelor’s degree with major in Finance, Economics, or Business Administration from a top institution preferred.
• Candidates MUST have excellent analytical skills.
• 3-7 years of experience in multifamily asset management.
• Must be self-motivated, a critical thinker, enthusiastic, inquisitive, and detail oriented.
• Ability to work in a team environment.
• Strong attention to detail.
• Fluency in Excel.

Seniority level

• Associate
• Vice President

Employment type

• Full-time

Job function

• Management

Industries

• Venture Capital and Private Equity Principals

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