Asset Manager

Hirewell • Chicago, PA

8d • Onsite

About The Position

Our client is seeking an experienced Asset Manager to oversee a multi‑market portfolio of apartment communities and drive long‑term value creation. This role sits close to the investment decision‑makers and acts as the owner’s representative for a sizable multifamily portfolio. You’ll own asset‑level strategy and performance, working closely with property operations, investments, and capital partners to maximize NOI, capital efficiency, and long‑term asset value. It’s a great fit for someone who enjoys combining deep financial analysis with hands‑on partnership across markets.

Requirements

• 5+ years of experience in real estate asset management, portfolio management, or related financial analysis, with a strong preference for multifamily/apartment portfolios.
• Experience working with regional/property management teams and overseeing assets across multiple markets; REIT or institutional owner/operator background is a plus.
• Comfortable juggling a large, complex portfolio and prioritizing across assets and markets.
• Advanced Excel skills, including DCF/IRR modeling, sensitivity analysis, and handling large data sets.
• Experience with property management/asset management systems (e.g., Yardi, RealPage, Entrata or similar), and interest in BI/analytics tools.
• Strong financial literacy: P&L ownership, variance analysis, budgeting, and capital planning.
• Clear, concise communicator who can translate complex financial data into simple, actionable stories for operators and leadership.
• Able to balance deep analytical work with relationship‑building and influence across property management, investments, and external partners.
• Self‑directed, proactive, and comfortable identifying issues early and proposing solutions.
• Collaborative team player who enjoys contributing to evolving processes and best practices in asset management.

Nice To Haves

• REIT or institutional owner/operator background is a plus.

Responsibilities

• Own performance for a large multifamily portfolio spanning multiple markets, acting as the primary asset‑level point of accountability.
• Develop and execute business plans for each asset, including rent strategy, operating expense management, capital planning, and value‑add/renovation initiatives.
• Maintain in‑depth market knowledge for each submarket (supply/demand, competitive set, new deliveries, rent trends) and adjust strategy accordingly.
• Oversee lease‑up and stabilization plans for value‑add and newly delivered communities in partnership with operations and marketing.
• Lead the annual budgeting process for your portfolio (revenue, operating expenses, capital), including bottoms‑up assumptions and scenario analysis.
• Monitor monthly and quarterly results vs. budget, identify root causes of variances, and recommend specific corrective actions.
• Build and maintain asset‑level cash flow models, including DCF/IRR analysis and hold/sell scenarios, to support investment and capital allocation decisions.
• Track and report on capital projects to ensure they are on budget, on schedule, and delivering expected returns.
• Contribute to portfolio‑level reports and presentations for leadership and investors by providing clear variance analysis and asset‑level commentary.
• Partner with regional and on‑site property management teams to implement best practices that drive occupancy, rent growth, resident experience, and cost control.
• Participate in regular revenue and strategy calls, bringing a portfolio‑wide view on pricing, concessions, occupancy mix, and renewal tactics.
• Conduct periodic property visits to assess physical condition, on‑site execution, and competitive positioning; translate findings into concrete follow‑up actions.
• Support underwriting and due diligence for acquisitions within your markets through lease file review, performance assumptions, capex plans, and market analysis.
• Assist with dispositions by preparing asset‑level financial summaries, business plan narratives, and buyer due diligence materials.

Benefits

• medical/dental/vision coverage
• 401(k) with company match
• paid time off
• paid holidays
• Annual bonus opportunity tied to individual and portfolio performance.
• Equity/long‑term incentive opportunities consistent with a large, institutional owner/operator.

What This Job Offers

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