Asset Manager

The company•Macon, GA

About The Position

AREY Group is hiring an Asset Manager for its AREY Investments department. The role oversees the financial and operational performance of real estate assets, including student housing, multifamily, and commercial properties. The Asset Manager works with operations, accounting, property management, regional managers, lenders, investors, brokers, and counsel to protect and increase property value and investor returns. The position includes reviewing operating results and budgets, monitoring KPIs and risks, supporting property operations, managing loan compliance, preparing investor reports, coordinating capital projects and transactions, and contributing to acquisitions and development. The Asset Manager also builds reporting tools, sets quarterly projects with the investment department, and mentors colleagues on finance. The role reports to the Chief Investment Officer and is based in Macon, Georgia, or remote. This is primarily a sedentary office role with occasional visits to residential communities and limited travel; the posting indicates travel may be up to 20–40%. The work environment is a climate-controlled, well-lit office with standard office equipment. Property visits may involve varying noise and conditions, walking around buildings and grounds, stairs, uneven surfaces, and reaching or bending. The role may require occasional lifting of items weighing up to 25 pounds. AREY Group describes itself as a growing company that provides full-cycle development, ownership, and management of student housing and multifamily communities. Its mission is to steward real estate that delivers generational impact, and its stated values include prioritizing people, providing solutions, continuous improvement, and pursuing the second mile.

Requirements

Bachelor’s degree in finance, real estate, accounting, or a related field.
At least 3–5 years of experience in real estate asset management and/or acquisitions, focused on commercial or multifamily properties.
Proven experience in a quantitatively heavy role, including advanced Excel financial modeling.
Experience with accounting and property management software.
Advanced financial modeling skills, including the ability to build models for operations, debt scenarios, refinances, and new projects.
Knowledge of real estate investment, including commercial, student housing, and multifamily valuation, underwriting, pro formas, capital structures, loan documents and covenants, and the investment lifecycle.
Strong financial acumen, including the ability to read financial statements, perform variance analysis, and connect operating results to NOI, cash flow, and returns.
Analytical and strategic problem-solving skills, including using profitability analysis and statistical methods to identify trends, risks, and opportunities and develop practical recommendations.
Excellent written and verbal communication skills, including preparing concise owner’s reports, investment decks, and market updates and explaining complex financial information to investors, executives, and on-site teams.
Ability to build productive relationships and use negotiation and influencing skills to gain agreement on budgets, strategies, and transactions with property management, accounting, acquisitions, lenders, and equity partners.
Strong organization, time management, and attention to detail; ability to deliver accurate reports, budgets, and loan abstracts on deadline while managing multiple assets and ad hoc projects.
Proficiency in Microsoft Office, especially Excel, RealPage, CoStar, and Business Intelligence tools.
Ability to perform the described office and property-visit duties, including remaining stationary for extended periods, using office equipment, moving around properties, and occasionally lifting up to 25 pounds.

Nice To Haves

MBA or master’s degree in finance, real estate, or a related field.
Experience with multifamily and student housing assets.
Familiarity with Access, SQL, or Business Objects.
Experience preparing investor reports and working with equity partners and lenders.

Responsibilities

Review monthly operating results for each asset against budget and underwriting; explain variances above $5,000; report KPIs, CapEx progress, and risks at bi-weekly Investment L-10 meetings; and escalate risks, legal issues, and material investor events to the CEO and CIO with recommendations.
Respond to stakeholder communications within 24 hours and maintain filed property records.
Collaborate with the VP of Operations, Accounting, Property Management, and Regional Managers; review the weekly leasing funnel; provide feedback at bi-weekly Property Management L-10 meetings; analyze monthly delinquency, maintenance, reputation, market rents, and pricing to improve NOI; and make quarterly visits to select communities.
Serve as the owner’s liaison to lenders; track loan covenants and deadlines; submit quarterly compliance reporting; run covenant projections; and verify loan payments, reserves, escrows, controlled accounts, reimbursements, and commissions.
Prepare quarterly investor reports and calculate and propose distributions for CEO and CIO approval.
Participate in the annual property budget cycle, providing input on spending, CapEx, loan costs, and commercial income.
Review vendor contracts and Property Management Agreements annually and recommend changes or renewals.
Manage property tax assessments and appeals, including making the final decision on whether to appeal, and check insurance coverage against loan requirements.
Manage Asset Management CapEx and value-add construction projects, coordinate and sign contracts, and complete the RealPage approval step for CapEx over $5,000.
Analyze refinance, hold, and sale options and present recommendations; coordinate refinancings and dispositions from broker opinions of value through marketing, offers, due diligence, and closing.
Support acquisitions and development through underwriting feedback, due diligence, and financial modeling; manage design firms for acquisitions.
Manage commercial lease negotiations through execution and act as the owner’s liaison to commercial brokers and counsel on tenant defaults.
Set quarterly Asset Management projects with the investment department, work to increase property values and investor returns, build reporting tools and dashboards, and mentor colleagues on finance.
Perform other duties as assigned.