Portfolio Manager

LEDIC Realty Management / Envolve; Denver (CO); On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Medical

Vision

401(k) plan with employer match

Short term disability

Long term disability

Life/AD&D

Paid Time Off

11 paid holidays

Employee Assistance Program

Training and Development

Job summary

LEDIC Realty Management / Envolve is looking for a Portfolio Manager for their Denver, CO office. This role involves managing multiple communities, leading teams, and ensuring financial goals are met.

Applicants should have at least seven years of real estate management experience and a bachelor’s degree, with a competitive salary range of $100K-$120K. Benefits include medical, 401(k), and paid time off.

Qualifications

• Seven or more years in property/real estate management required.
• Four or more years in management positions required.
• Property level and Corporate level experience is preferred.

Responsibilities

• Support and assist Area/Community Managers in overall management of all communities.
• Build strong on-site management teams through coaching.
• Achieve the highest possible net operating income (NOI).
• Present yearly financial budgets to the executive team.

Skills

Property management

Team leadership

Financial analysis

Communication

Education

Bachelor's Degree

MBA or CPM certification

Job description

Ross - A Division of Envolve professionally manages apartment communities located throughout the United States. We are a company whose success is measured by our residents' satisfaction in making their apartment homes and community a great place to be.

Ross - A Division of Envolve offers a wide variety of opportunities from residential apartment management, leasing, maintenance and more. We are recruiting friendly self‑motivated individuals with positive attitudes and a drive to succeed, to join our growing company. We are currently searching for a Portfolio Manager in Denver, CO.

Essential Duties and Responsibilities

• Support and assist Area/Community Managers in overall management of all communities within the assigned portfolio.
• Responsible for recruiting, hiring, training, supervising, and evaluating Area Managers within assigned portfolio.
• Build strong on‑site management teams and Area Managers through constant coaching and motivation.
• Achieve the highest possible net operating income (NOI) through the implementation of effective cost control, revenue maximization and delinquency management plans.
• Work with owners to identify long term property goals and objectives. Be responsive to owners’ needs, goals, and objectives.
• Identify and analyze issues within portfolio and develop and implement decisions that help the assigned communities achieve the owner’s objectives and that are consistent with Envolve policies and procedures.
• Present yearly financial budgets with the assistance of Area/Community Managers to members of the executive team and to the owners of the communities.
• Effectively disseminate all information and instructions necessary for Area Managers and the communities to perform their work.
• Monitor achievement of each property against financial objectives utilizing the review of monthly owners’ reports, quarterly inspections, and weekly operating reports. Work with Area Managers to correct unfavorable variances and improve NOI.
• Perform final review of monthly financial statements before sending to clients.
• Assist Regional VP in the due diligence, acquisition, and integration of new accounts.
• Assume other responsibilities as assigned.

Specific Responsibilities for Regional Manager

• Responsible for recruiting, hiring, training, supervising, and evaluating all site personnel of assigned communities. Regional Manager should interview and give final recommendation for the hiring of all site personnel of assigned communities.
• Provide mentoring to Community Managers of assigned communities.
• Responsible for direction and coordination with the Accounting Department, the delivery of accurate and timely monthly property financial statements to the clients.
• Responsible for development, implementation, and delivery of annual budgets for all assigned communities.
• Responsible for setting and enforcing spending controls for all assigned communities and reviewing all variance explanations.
• Assist in the coordination of all capital improvement programs for assigned communities.
• Direct all marketing and advertising for assigned communities maximizing rental income and increasing occupancy rates.
• Work with Community Managers and staff to respond to resident issues. Follow through to ensure issues are resolved.
• Ensure that all required reports are completed accurately and in a timely manner.
• Maintain thorough product knowledge on all assigned communities and of competition in the assigned area.
• Ensure that established policies and procedures are followed.
• Regional Manager will perform quarterly inspections for properties that are under his/her direction.
• Ensure property compliance with all applicable Affordable Housing programs, including but not limited to HUD Subsidy, USDA, RD, LIHTC, HOME and other state and local programs.
• Other duties, as assigned.

Education and Work Experience Requirements

• Seven or more years in property/real estate management required.
• Four or more years in management positions required.
• Property level and Corporate level experience is strongly preferred.
• Bachelors Degree or comparable industry experience required.
• Masters Degree (MBA) and/or Certified Property Manager Certification (CPM) preferred.
• HCCP or comparable tax credit housing certification preferred.
• Moderate Real Estate and Management training experience required.

Rate: 100K-120K

• Competitive salaries and bonuses
• Medical
• Vision
• 401(k) plan with employer match
• Short term disability
• Long term disability
• Life/AD&D
• Paid Time Off
• 11 paid holidays
• Employee Assistance Program
• Training and Development

EOE: Minorities/Females/Disabled/Veterans

Background Screening and Drug Test Required

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.