Asset Manager

Roofstock•Oakland, CA

7h•Hybrid

About The Position

Roofstock is looking to hire an analytical, entrepreneurial, and experienced Asset Manager to join the Asset Management team. This team player will be intimately familiar with the mechanics of optimizing rental properties, regardless of geographic location, to produce desired outcomes for investments of varying classes, and manage the operational nuances of various investor types. The Asset Management team will apply their expertise to influence all high value operating decisions with the goal of maximizing NOI and helping our investors achieve their goals, all while providing excellent service. The Asset Manager will advise our property managers at a regional market level through all crucial decisions in the investment lifecycle including leasing, marketing, renewals, rent recommendations, revenue management, turns, value-add capex, budget review, variance analysis, portfolio expansion and dispositions. The Asset Manager will play a critical role in monitoring market and investor performance trends to shape strategic initiatives company wide. The Asset Manager will enhance company performance through model maintenance, reporting development, and performance evaluation.

Requirements

3-5 years of asset management experience of multifamily or SFR properties
Bachelor’s Degree, or equivalent relevant experience required
Extreme attention to detail with organizational, time management and follow-up skills
Highly analytical, with strong quantitative skills and mathematical aptitude
Proficient in Microsoft Excel financial modeling leveraging large datasets
Experience building ad hoc KPI reports to derive actionable insights
Strong negotiation skills and an ability to interface with high-level institutional investors
Ability to manage multiple projects independently while collaborating with cross-functional teams
Excellent written and verbal communication skills
Bias toward action; self-driven and intrinsically motivated with ability to prioritize and meet deadlines
High degree of comfort with change, technology and ambiguity
Experience working in a high-tempo, high-growth, team-oriented organization

Responsibilities

Leverage your experience to optimize the portfolios of our investors
Partner with internal data teams to create visibility into operational performance
Derive insights from operating performance aimed at enhancing NOI
Perform high volume rent underwriting analysis on new and existing portfolio properties
Provide input on the asset management playbook
Develop an in-depth understanding of institutional partners and produce outcomes aligned with their goals
Develop and track budgets and budget to actual trend analysis
Lead regional market meetings and goal setting that drive performance that focuses on occupancy, renewal performance, turn performance, and service trends for various regions
Provide input and development on process SOPs that are used by cross functional teams
Monitor the performance of recently acquired assets and influence future acquisitions by providing data driven insights
Complete hold sell analysis for low or troubled performing assets on a periodic basis
Advise the Buying Team on market trends, real estate opportunities and buy box strategies
Develop and implement inventory and revenue management strategies
Review and evaluate monthly / quarterly operating performance and make operational recommendations to achieve desired outcomes
Produce financial reports and maintain models for lender tape deliverables
Monitor Mynd performance metrics and compile and deliver results quarterly to our institutional partners
Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations and acquisitions
Occasional market visits required
Ad-hoc reporting as needed