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Senior Asset Manager

San Diego, CA

A privately held multi-family investor/developer/manager is looking for a Senior Asset Manager to join their team. The Senior AM will oversee the operations and performance of 3,000 to 5,000 multi-family units within the firm’s portfolio. They will be responsible for Net Cash Flow and NOI growth, value-add renovation and capex programs, ancillary income opportunities/strategies, performance development and benchmarking, budget creation and variance analysis, and operational reporting. They will develop and set goals and manage performance strategies to maximize revenue and control expenses across portfolio. The Senior AM will report to the Director of Multi-Family and will interact with company’s 3rd party property manager, as well as the Asset Management, Finance, Accounting, Acquisitions, and Investor Relations departments.

Responsibilites

  • Responsible for the successful execution of business plans for new acquisitions and existing portfolio assets, through management and supervision of 3rd party property management

  • Identify, analyze scope and oversee all renovation and cap-ex projects

  • Enhance and update operational strategies, policies, procedures, and reporting to ensure optimum performance of the portfolio

  • Development, management, and reforecasting of asset operating budgets

  • Asset performance management and benchmarking to budget, market, and internal pro forma

  • Monitor and manage reserve funds and balances

  • Present results to, and discuss strategy and market conditions with Executive Team and Investors

  • Review financials, occupancy & market conditions

  • Review and compare variances to budgets across the portfolio; maintaining control of expenditures and reserves

  • Operational forecasting and analysis

  • Coordinate, implement, and monitor property marketing strategies across portfolio

  • Formulate and oversee Property Management’s policies and procedures to foster a progressive customer service attitude and help positively influence ownership brand

Requirements

  • 2+ years of multi-family asset management experience

  • 5+ years of real estate investment experience (preferably multi-family)

  • Preferred familiarity with regional markets: SoCal, Las Vegas, Seattle, Portland, Denver, Houston, Austin, Dallas, Georgia, North Carolina, South Carolina, Tennessee, and D.C

  • Bachelor’s degree required

  • Property management software experience (i.e. Yardi)

  • Revenue management software experience (i.e. LRO)

  • Microsoft Excel experience

  • Excellent and effective communication skills

  • Ability to work well and collaborate within a team environment

  • Strong analytical skills

  • Ability to effectively manage outside partners/consultants/vendors

  • Effective time management & organizational skills

  • Ability to multi-task in a dynamic environment

  • Ability to adapt to changes and stay focused on goals (short and long term)

  • Professional demeanor towards clients, third parties, and staff

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