Senior Asset Manager, Multifamily

Michael Page; Dallas (TX); On-site; USD 140,000 - 175,000; Full time

Job summary

A leading company in real estate investment seeks a Senior Asset Manager to oversee a multifamily portfolio of 10,000 units. The role involves strategic planning, financial oversight, and ensuring compliance with investment goals. Ideal candidates will have a strong background in asset management and multifamily housing.

Benefits

Health Insurance

Retirement

Travel Reimbursement

Qualifications

• 7+ years' experience in Asset Management or similar.
• Knowledge of multifamily housing market across the sunbelt region.

Responsibilities

• Leads implementation of strategies for a large multifamily portfolio.
• Reviews and reports on portfolio performance against budget.

Skills

Organizational Skills

Analytical Skills

Education

B.S. Degree in Accounting/Finance

Job description

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

Base pay range

$140,000.00/yr - $175,000.00/yr

Michael Page has partnered with a respected real estate investment firm based in Dallas who are looking for a Senior Manager of Asset Management. You will be on a team managing roughly 10,000 multifamily units.

Our Client is a privately held real estate investment, development, construction, and property management firm with a strong portfolio of assets in the multifamily sector. They own and operate roughly 10,000 multifamily units.

Description

The Senior Manager of Asset Management will leads the implementation and execution of strategies, programs, policies, and initiatives for a large multifamily portfolio. The Asset manager will ensure achievement of the financial and operating goals, and overall profitability of the portfolio.

ESSENTIAL JOB RESPONSIBILITIES:

• Participates and assists in formulating the annual business plan for the assigned multifamily assets
• Reviews, monitors, and reports on the multifamily portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, address variances, manage and monitor cash flow, and preparing monthly and quarterly performance reports.
• Communicates with and closely interacts with the Head of Asset Management on-site team members to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio.
• Manages and oversees the multifamily portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.
• Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multifamily portfolio, prepares and delivers presentations and updates to investment principals/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets.
• Works with the capital projects group to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.
• Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives of the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities

Profile

Requirements

• B.S. Degree in Accounting/Finance and 7+ years' equivalent experience within Asset Management or similar.
• Demonstrated knowledge of multifamily housing market across the sunbelt region.
• Experience with capital improvement project management
• Demonstrated organizational and time management skills
• Experience at interpreting limited partnership agreements, financial statements, and regulatory documents
• Strong analytical skills with a good understanding of Generally Accepted Accounting Principles

Job Offer

Market driven base salary plus bonus potential along with benefits such as health insurance, retirement and reimbursement for related travel and expenses. Targeting a base salary in the $140,000 to $175,000 range.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Management, and Other

• Industries

  Leasing Residential Real Estate, Real Estate and Equipment Rental Services, and Real Estate

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