Job Description

Director of Asset Management - Multifamily Investment Firm - Base Salary to 200k/year - Raleigh, NC

• Our client, an investment firm, is seeking a Director of Asset Management to help develop and execute an asset management strategy for the multifamily portfolio. Property strategy should encompass maximizing long term value, property operations, capital expenditures, and renovation/redevelopment programs, where applicable. The Director of Asset Manager will also collaborate as necessary, with representatives on regional investment activities, including due diligence efforts, investment market assessments and property underwriting assumptions, and development and acquisition growth.
  

Responsibilities:

• Coordinate with 3rd party property management team(s) to develop business plans by taking an active role in creation of annual operating and capital budgets.
  
• Establish oneself as the subject matter expert on property and market knowledge enabling the creation of targeted investment strategies to achieve strategic objectives.
  
• Provide oversight to ensure the implementation of the property business plan, create monitoring metrics, and communicate plan status.
  
• Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify property and portfolio underperformance to budget and/or market benchmarks and collaborate with relevant team members and make improvement recommendations.to make necessary improvements. MUST HAVE VERY STRONG MS Excell skills and experience in using multifamily specific accounting/reporting systems such as Yardi, LRO, etc.
  
• Provide recommendations and implement changes for property improvements based on thorough market analysis and competitive positioning.
  
• Incorporate a value-oriented approach to each asset by analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and financial decisions.

Qualifications:

• Bachelor’s degree, preferably in Economics, Business, Finance or Real Estate.
  
• MUST have excellent Excel skills
  
• 5+ years of Asset Management experience
  
• Familiarity with general principles of real estate, including operations and analysis, budgeting and financial reporting.

Compensation:

• Base salary in the 140k - 200k/year range, plus bonus
  
• Benefits

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