Asset Manager

Hunt Military Communities•Alpharetta, GA

About The Position

Reporting to the Vice President of Asset Management and Financial Planning & Analysis, the Asset Manager provides financial and operational oversight of assigned sites in Hunt’s military housing portfolio. The role is responsible for maximizing each asset’s performance, sustainment, and value, and works collaboratively with Executive Leadership, Development/Construction, Accounting, Legal, Marketing, Operations, and Financial Support teams to carry out asset management duties and provide recommendations to senior Hunt Military Community management. The Asset Manager oversees property performance, operating and capital budgets, financial models, business plans, project capital programs, cash activity, and compliance with project documents. The position analyzes performance and market conditions, identifies and recommends responses to operating issues and variances, and supports relationships and issue resolution with military and government partners, lenders, servicers, and other stakeholders. The role also supports acquisitions, dispositions, loan administration, project restructures, tax matters, insurance, and loss claims, and prepares financial analysis and projections for leadership and the Board of Directors.

Requirements

Bachelor’s degree from an accredited college or university in real estate, finance, economics, or a related discipline.
At least 5 years of progressively responsible experience in real estate asset or financial management of projects, including deal structure and pro forma analysis.
Detail-oriented, with the ability to prioritize, multitask, and meet specified deadlines.
Ability to identify problems, collect and analyze data, and draw logical conclusions.
Ability to apply fractions, percentages, ratios, and proportions to practical situations.
Strong analytical, organizational, and attention-to-detail skills; ability to work independently.
Excellent written, verbal, and interpersonal communication skills.
Strong computer skills, including proficiency with Excel and Microsoft Office.
Valid driver’s license that can be maintained.
Ability to maintain confidentiality and demonstrate discretion, professionalism, and business literacy.
Reliable, self-motivated team player with strong communication skills.
Ability to envision, develop, and implement strategies for competitive and complex business issues.
Initiative to identify and anticipate business needs and recommend implementation.

Nice To Haves

Master’s degree.

Responsibilities

Review and supervise retained Property Managers’ performance through site visits and financial analysis; provide Operations leadership with recommendations to improve revenue, NOI, and EBITDA.
Coordinate and participate in annual operating budget preparation, including review of revenue, rents, expenses, capital expenditures, assumptions, historical results, debt service projections, and industry benchmarks.
Assess asset-specific market dynamics and positioning, recommend adjustments to assumptions, and manage the budget question-and-answer process with government partners.
Provide analysis and documentation to help resolve ownership and government-partner issues; work with military partners and consultants, and attend required or requested site assessments.
Perform ad hoc financial analysis for projects, follow-on phases, and new projects; review financial documents and closing models, and run what-if and sensitivity analyses.
Update and review quarterly and as-needed pro formas, providing assumptions and checking accuracy and functionality.
Participate in project restructure negotiations, direct financial modeling efforts by providing inputs, and review models for accuracy and functionality.
Coordinate preparation of annual short- and long-term capital and recapitalization/reinvestment budgets; evaluate sources and uses for capital programs.
Oversee project capital programs and manage interactions with government partners regarding capital plans and programs.
Analyze project performance against budgets and pro formas, evaluate variances, identify emerging operating issues, and recommend solutions.
Review leasing activity and work with Operations to recommend pricing consistent with the leasing waterfall and Project Business Documents.
Work with the Energy Manager on utility consumption, rate, and billing analyses; identify opportunities to reduce utility and energy expenses and direct site-specific energy initiatives.
Review property taxes, personal property taxes, improvement assessments, fire/police charges, and other project impositions; advise the Owner on addressing increases.
Participate in tax appeals and challenges with counsel and property tax consultants; provide property information and assist with target value calculations.
Review project matters for compliance with legal documents, propose changes when needed, coordinate amendments with lenders, government partners, and counsel subject to Project Owner review and approval, and provide timely reports on legal actions.
Coordinate drafting and management of Annual Business Plans for a portfolio of projects, ensuring asset-specific strategies align with short- and long-term operating and capital budgets.
Work with Risk Management to review insurance adequacy and sufficiency for legal requirements and protection of the Owner and Asset Manager.
Participate in management of losses and related claims by notifying stakeholders, monitoring proceeds, and identifying alternative funding sources as necessary.
Serve as a primary contact for servicers and lockbox agents; monitor project financial reports, cash activity, receipts, disbursements, and cash waterfall activity for alignment with legal documents and financial and strategic plans.
Support acquisitions with local market, operating expense, rental income, occupancy, and lease-up analysis, due diligence, and acquisition-stage assistance.
Support dispositions of excess land with local market and sales analysis, assessment of needed repairs or capital expenditures, and delivery of due diligence materials.
Assist with mortgage loan administration, including preparing lender packages, analyzing loan markets, rates, terms, and structures, and delivering lender-required closing submissions.
Uphold Company policies, goals, and values.
Monitor cash activity and lead initiatives to address project cash account shortfalls.
Assist in preparing EBITDA and cash projection analyses for Executive Leadership and the Board of Directors.
Track and validate revenue-generating items, including performance incentive fee data, management fee calculations, partner approval packages, and payments to custodians.