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Asset Manager, Director

Salary
$175,000-$199,999
Employment
Full Time
Work Place
Remote
Real Estate Field
Location
San Diego
 CA
Postal Code
91977
Country
United States

This job is no longer active.

Description


About Us


TruAmerica Multifamily is a Los Angeles-based investment firm specializing in acquisitions, value added asset management, capital improvement renovations and rehabilitation of Class B or better multifamily housing in the Western United States. With over 40,000 apartment units currently under management, TruAmerica has cultivated the best talents in the industry to create a first-class multifamily investment platform.


Position Summary


The role of the of Asset Manager, Director is responsible for overseeing the financial performance and business strategy of their assigned portfolio. This includes facilitating the due diligence process on renovation projects, partnering with development and property management on strategies to maximize occupancy stabilization, identifying and implementing behaviors to optimize operations and returns at the property and portfolio level. The Asset Manager is accountable for the strategic implementation of all initiatives detailed within the approved business plan and underwriting of the assigned portfolio of properties. 


Tasks and Responsibilities

  • Ability to establish relationships across the organization; communicates to property management and to the equity partners to facilitate expectation clarity and portfolio optimization
  • Communicates and strategizes with property management to establish the revenue, expenses and (NOI)
  • Conducts routine site visits and inspections; discusses weekly leasing, occupancy, CapEx and/or renovation progress
  • Manages annual capital and operating budget which consist of renovation, (CapEx), the subsequent rent lift associated with the overall business and approved changes to the original business plan
  • Complies with specific guidelines, budget due dates and reporting requirements
  • Analyzes monthly operating statements and reports variances as compared to the budget; incorporating action plans if necessary; proactively managing cash flow                                           
  • First point of contact with the debt and equity providers and investment principals
  • Maintains compliance with the various investor/equity agreements; monitoring the asset performance; returns and recommends operational or financial strategies to optimize returns at the asset level
  • Proactively analyzes economic trends for each specific asset sub-market and forecasts trends that impacts the property in regard to long/short term disposition and exit strategy changes indicated by market info
  • Partners with the CAPEX department to plan, track, and execute on time and within budget        
  • Maximize income and minimize expense by addressing high level management turnover, resident satisfaction, reputation management, revenue management and key revenue-generating vendors
  • Completes additional and relevant financial or market reporting and analysis

Abilities

  • Excellent communication skills, good spelling and writing ability which assists in managing relationships with clients, equity partners, team members and business leaders                               
  • Proficient in word, excel, outlook, and various property management software programs which will assist in required reporting                                                                                                        
  • Proficient in mathematical skills required for financial reporting

Physical Demands

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 the essential functions.

  • Ability to sit for up to 10 hours per day
  • Ability to move freely around the office for up to 10 hours per day
  • Ability to communicate verbally and in writing

Preferred Experience/ Minimum Qualifications

  • College degree in Business, Finance or role specific experience of 5 years or more
  • Experience in property management related operations, marketing and asset management           
  • Comfort with ambiguity, drive for results and ability to remain true to the company’s brand and image    

Why Join TruAmerica Multifamily?

  • We’ll give you the autonomy and resources to make an impact
  • Competitive Compensation and Bonus Eligibility
  • Opportunity to invest with other employees in an executive pool
  • Employer sponsored benefits (Medical, FSA, Dental, Vision, Long Term Disability and Life) package including 401k with employer matching contribution
  • Competitive Vacation that respects your time away to observe, have fun or simply rejuvenate
  • Generous employee engagement initiatives, training and more!

TruAmerica Multifamily is proud of our commitment to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

NO RECRUITERS PLEASE...

 

Job Sector


 

Experience


5+ to 7 years


This job is no longer active.

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