Asset Manager

Sentinel Real Estate•New York, NY

10d

About The Position

Sentinel Real Estate Corporation is an independently owned real estate investment management firm established in 1969. It has a long history of institutional multifamily ownership and a vertically integrated platform spanning the investment process, including on-site property management. The firm manages multifamily and commercial real estate assets for domestic and international institutional clients. The Asset Manager oversees the operational, financial, and strategic performance of an assigned portfolio of multifamily properties. Working with Regional Directors, District Managers, Portfolio Management, and other internal teams, the role ensures properties are operated in accordance with asset plans, investor objectives, residential policies and procedures, and long-term value-creation goals. The Asset Manager reviews budgets and business plans, maintains budget discipline, and monitors property performance against approved budgets. The position calls for a hands-on, collaborative self-starter with strong people skills, sound judgment, financial and accounting skills, and a willingness to adopt new technologies, including AI.

Requirements

Asset management experience, preferably with an institutional owner or real estate advisor.
Seven or more years of related experience preferred.
Strong financial and analytical skills.
Experience with Yardi, Excel, and Word.
Effective written and oral communication skills.
Comfort implementing new technologies and working with AI.
Valid driver’s license.
Bachelor’s degree; MBA preferred.

Nice To Haves

Professional designation(s) are a plus.
MBA preferred.
Experience working for an institutional owner or real estate advisor preferred.
Seven or more years of related experience preferred.

Responsibilities

Coach, train, and supervise District Managers on property operations, team leadership, performance management, and oversight of on-site teams.
Oversee the hiring, development, and coaching of General Managers, ensuring they manage, motivate, and develop property teams in accordance with established guidelines.
Provide coverage for district positions when incumbents are absent.
Follow directives of the Regional Director.
Review and submit annual budgets prepared by District Managers, and prepare and submit the annual asset management plan, including preventive maintenance and recommended capital programs.
Monitor property operations and performance against investor objectives and the asset plan.
Review property financial performance and prepare monthly, quarterly, and annual variance and investor reports as required.
Review and approve property invoices in accordance with operating and budget guidelines.
Support Portfolio Management by meeting with investors as requested.
Operate properties in accordance with the Residential Property Policies and Procedures Manual.
Establish and review resident screening and qualifying criteria.
Conduct regular property inspections and direct corrections through the District Manager.
Review property audits and confirm corrective action with the District Manager.
Address resident concerns and identify management or operational problems, developing solutions.
Ensure compliance with sustainability reporting requirements and company sustainability objectives.
Approve and oversee property marketing materials.
Monitor new construction and other market changes that could affect property operations.
Monitor local market conditions and develop strategies to enhance property asset values.
Assist with implementation of new technologies.
Approve and supervise major capital projects as required.
Manage operational due diligence for acquisitions; assist the transaction officer with dispositions, including buyer due diligence, information gathering, and closing preparation.
Direct the establishment of property operations for new acquisitions.
Review and approve vendor contracts, ensuring annual re-bids secure competitive pricing.