Assistant Vice President- Asset Management

Responsibilities

• Manage 4-6 multifamily investments with a degree of independence. Support to be provided for more strategic initiatives.
• Provide asset management support for senior Asset Manager on an additional 4-6 investments in multiple property types. (Total asset load is 8-12.)
• Understands capital and investment structure and the relationship between property operations and investment performance.
• Develop annual budgets and business plans to achieve investment strategies that are consistent with client objectives
• Make hold/sell recommendations.
• Update financial models including joint venture waterfall distributions.
• Prepare quarterly reports, cash flow projections, valuation analysis and other financial reports.
• Verifies accuracy of property operating statements, prepares budget variance analysis and shares accountability for budgeted results.
• Analyzes leases and rental rates and assists in leasing decisions; monitors overall leasing status and strategies for assigned assets.
• Work with managers and partners to design and execute marketing strategies.
• Analyzes value of capital projects and executes projects (with support).
• General market understanding for assigned assets - collects market information; in particular, competitive lease and sales transaction information – and meets with leasing and sales brokers periodically
• Assists with due diligence on acquisition of new investments.
• Support investment restructurings, sales and asset financings strategies.
• Support related projects including updates on industry and property sector and information gathering.

Conduct

• Works effectively as a leader or a member of a team.
• Develops strong working relationships with Portfolio Managers and members of the Asset Management team.
• Generates innovative approaches to situations.
• Implements thorough follow-up and attention to detail.
• Provides constructive input on improving how the Firm and/or the group functions.
• Contributes to the professional development of peers and more junior level staff.
• Travel for property visits as needed.

Skills/Experience Required

• BS/BA and a strong academic record with emphasis on real estate, finance, accounting and/or economics required.
• 6-8 years of direct real estate asset management experience required.
• Strong analytical skills.
• Proficient at financial modeling.  Experience with joint venture structures preferred.
• Knowledge of accounting and finance principles.
• Strong oral and written communication skills.
• Fluency with Argus AE valuation software preferred.
• Ability to select and efficiently manage the activities of internal resources and third-party service providers
• Good negotiation skills, presentation skills and a history of successful interaction with clients and partners