Asset Manager

We have partnered with a legacy investor in affordable housing, with a massive footprint across the country, who is looking to bring on an Asset Manager for their equity investment team. In this role, the Asset Manager will be responsible for overseeing a portion of a 30,000+ unit portfolio, providing direction and developing strategy to meet financial and operational goals year over year.

Responsibilities:

• Conduct monthly reviews and analyses of property operating statements.
• Analyze balance sheets and income statements, review budgets and business plans, and update annual operating projections and variances.
• Prepare investment valuations using DCF models.
• Engage with partners and property managers to discuss operating activities and adherence to business plans.
• Ensure compliance with operating and property management agreements.
• Track and evaluate development and construction projects including rehabilitation initiatives, ensuring budgets and milestones are within original plans and scope.
• Participate in determining any updates to scope of work when needed.
• Monitor and track all capital expenditures, reviewing budgets, lender requirements and physical need studies.
• Develop and implement strategies to increase portfolio value, providing recommendations to senior leadership.
• Perform sensitivity analysis for refinancing and buy/sell/hold strategies.
• Conduct appraisal analysis, collect market research and provide information to potential lenders and partners.
• Facilitate refinancing and property sales, assisting partners and stakeholders when needed.
• Report and present portfolio and investment performance metrics to leadership, and the Board of Directors.

Requirements:

• 5+ years in real estate asset management or development.
• Bachelor's degree required.
• Proficiency in analyzing balance sheets, income statements, and cash flow statements.
• Expert level use of Excel and similar programs.
• Experience with budgeting and variance analysis.
• Demonstrated knowledge of affordable housing.
• Experience managing rehabilitation projects and capital expenditures.
• Excellent written and communication skills.
• Willingness and ability to travel up to 40%

This role is hybrid, 3 days in office and subject to change.

Excellent benefits package