Interested and qualified candidates, please submit your resume to:

Sierra Olney | sierra@kelleraugusta.com | 617.247.0505

Category:Asset Management 

Asset Manager

Boston, MA

JOB DESCRIPTION

The Asset Manager is responsible for the overall operation and performance of a portfolio of multifamily properties, as well as executing other various projects assigned. The Asset Manager reports to the Director of Asset Management for the multifamily real estate investments.

Job Responsibilities

  • Responsible for developing and executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee key asset management issues of assigned multifamily properties and/or portfolios.
  • Prepare and assist with asset reporting, year-end letters, and business plans.
  • Review and analyze budgets and cash flows from third party management and oversee adherence throughout the year.
  • Track, analyze and reforecast trends in financial performance of assets in relation to underwritings.
  • Utilize Business Intelligence platforms to monitor daily activity of the portfolio.
  • Maintain updated underwriting proformas for each asset under management.
  • Provide input on acquisition underwriting and due diligence and prepare due diligence memos for senior management approval. Provide support for closings of new acquisitions.
  • Oversee performance of the Property Management teams.
  • Monitor local market conditions and implications for asset and investment strategy.
  • Manage debt strategy and compliance with debt terms.
  • Periodic property visits nationally as required.
  • Execute various projects assigned independently and with high standards.
  • Handle confidential material and information with discretion.
  • Work collaboratively with the entire team.
  • Assist in the training of other members of the Multifamily Asset Management team.
  • Report directly to the Director of Asset Management – US Multifamily.

COMPANY OVERVIEW

Our client is a global investor, developer, and operator with a pervasive regional market network that leverages its diversified capital and operational infrastructure to capitalize on exclusive commercial and residential real estate opportunities.

QUALIFICATIONS

  • Bachelor’s degree from accredited college/university required; degree in finance, accounting or real estate preferred.
  • 3-5 years multifamily asset management experience required, with a solid understanding of operating results, valuations, investment returns, acquisition, and development proformas.
  • Ability to develop strong market knowledge of each asset and overall portfolio.
  • Excellent interpersonal, analytical, and problem-solving ability.
  • Exceptional verbal and written communication skills.
  • Ability to work independently, under tight deadlines; self-starter with proactive nature.
  • Strong organizational skills.
  • Highly proficient in MS Office, particularly Excel.
  • Travel within the US required.