Asset Manager, (Arlington, VA)

Truamerica Multifamily • Arlington, VA

390d • $120,000 - $149,000

About The Position

The Asset Manager at TruAmerica Multifamily will oversee all aspects of a multi-family portfolio across various metropolitan areas. This role requires a confident and sophisticated investment professional with a strong understanding of institutional real estate, particularly in multi-family sectors. The position offers opportunities for skill advancement and participation in evaluating and implementing new products and services that add value to the organization.

Requirements

• Highly self-motivated, confident, and driven individual.
• Ability to work effectively in a dynamic environment.
• Strong intellect and strategic thinker with solid quantitative, financial, and analytical skills.
• Exceptional interpersonal skills to develop strong relationships with colleagues and partners.
• Proficient in Microsoft Excel and Word, and familiar with Real Page and other industry-standard software.
• Impeccable integrity, trustworthiness, and reputation within the real estate industry.
• Positive attitude with a commitment to excellence and achieving goals.
• Ability to work independently and as part of various teams.

Nice To Haves

• Experience in multi-family real estate investment management.
• Familiarity with property management software and financial analysis tools.

Responsibilities

• Establish relationships across the organization and communicate with property management and equity partners to facilitate expectation clarity and portfolio optimization.
• Communicate and strategize with local property management to manage revenue, expenses, and Net Operating Income (NOI) across the assigned portfolio.
• Conduct routine site visits and inspections, discussing weekly leasing, occupancy, CapEx, and renovations.
• Act as the first point of contact with debt and equity providers and investment principals.
• Work with the accounting team to ensure timely and accurate delivery of financials.
• Manage annual capital and operating budgets and approve changes to the original business plan.
• Analyze and approve monthly operating statements, report variances, and manage cash flow and distributions.
• Maintain compliance with investor/equity agreements and monitor asset performance.
• Analyze economic trends for each asset sub-market and forecast trends impacting property disposition and exit strategies.
• Manage Tax Appeals, Loan Compliance, Replacement Reserve Analysis, Partnership Expenses, and Ancillary Income.
• Assist with developing business plans in concert with Acquisitions.
• Partner with Construction Management to plan, track, and execute projects on time and within budget.
• Create and execute annual budgets for each asset with equity partner approval.
• Identify potential risks and outline effective mitigation strategies.

Benefits

• Opportunities for advancement
• Life insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Real Estate
• Education Level: No Education Listed