Asset Manager

Hilltop Residential Management•Houston, TX

29d•Onsite

About The Position

Hilltop Residential is seeking a highly motivated Asset Manager to join their Asset Management team. This role is crucial for optimizing the performance of their multifamily property portfolio. The Asset Manager will be responsible for in-depth financial analysis, market research, and operational evaluations to support decision-making. They will collaborate with cross-functional teams to execute asset management strategies, aiming to increase property value and investor returns. Hilltop Residential is a real estate investment company founded in 2017, managing $1.8 billion in multifamily properties across Texas and the southeastern United States. They have been recognized as a Great Place to Work for six consecutive years and a Top Workplace by the Houston Chronicle.

Requirements

Bachelor's degree in Finance, Real Estate, or a related field; advanced degree or professional certifications (e.g., CFA, CPM, CCIM) is a plus.
3+ years of experience in multifamily real estate asset management or a related field.
Proficiency in financial modeling and analysis, with strong Excel skills.
Knowledge of property management software and tools.
Excellent communication and presentation skills.
Strong attention to detail and analytical capabilities.
Ability to work collaboratively in a team-oriented environment.
Understanding of real estate market dynamics and trends.
Travel up to 50%

Nice To Haves

advanced degree or professional certifications (e.g., CFA, CPM, CCIM)

Responsibilities

Perform detailed financial analysis of multifamily properties, including budgeting, forecasting, variance analysis, and sensitivity modeling.
Evaluate property-level financial performance, identifying opportunities for revenue growth and cost optimization.
Act as the main contact with portfolio equity partners, completing required reporting and conducting monthly financial reviews.
Assist in the investment process by collaborating with the investment team on new acquisitions, providing input during due diligence, analysis, and underwriting, and contributing to deal strengths/weaknesses and repositioning strategies.
Analyze capital expenditure plans and assess their impact on property cash flows, property valuation, and long-term value.
Conduct market research and competitive analysis to identify trends, opportunities, and threats within multifamily markets.
Provide actionable insights on market conditions, rental rates, and demand drivers to inform investment decisions.
Collaborate with property management teams to monitor and enhance operational performance.
Develop and implement strategies to optimize property occupancy, rental rates, and overall resident satisfaction.
Prepare and present regular reports on property and portfolio performance to senior management, equity partners, and other stakeholders.
Communicate key findings, recommendations, and insights to internal teams and external partners to support decision-making.
Review and propose strategic plans for capital expenditures; track interior and exterior projects with reporting on timeliness, return on cost analysis, and overall quality.
Manage loan compliance, administration, analysis, and communication with lenders, ensuring adherence to loan covenants and timely reporting.
Conduct 6-month, 12-month, and 2-year lookback analyses to evaluate historical performance and identify improvement opportunities.
Assist in the development and execution of asset-specific and portfolio-wide strategies to maximize returns and achieve investment objectives.
Conduct regular reviews of national and regional market conditions to inform pricing and operational strategies.
Oversee technology and system implementations to improve tracking, reporting, and overall asset performance.
Evaluate and propose sustainability initiatives to improve NOI and align with long-term property goals.
Partner with the Pricing and Revenue Management team to develop and execute property-level pricing strategies.
Review weekly pricing recommendations, occupancy trends, exposure, traffic, applications, cancellations, and leasing velocity.
Provide asset-level context on budgets, ownership objectives, capital plans, operational challenges, and investment strategy.
Evaluate new lease rates, renewal rates, concessions, premiums, and pricing by floor plan and unit type.
Identify properties or floor plans requiring pricing adjustments based on occupancy, availability, days vacant, and leasing performance.
Participate in recurring pricing and revenue calls with Revenue Management, Operations, and property teams.
Review market surveys, competitive rents, concessions, occupancy, new supply, and demand trends.
Challenge pricing recommendations when property performance, market conditions, or ownership strategy supports a different approach.
Track the financial impact of pricing decisions on revenue, occupancy, bad debt, concessions, and NOI.
Review renewal performance and recommend renewal increases, retention strategies, and resident-specific adjustments.
Coordinate with Operations to ensure approved pricing strategies are implemented at the property level.
Monitor results following pricing changes and recommend further adjustments based on leasing activity and conversion trends.
Help improve pricing reports, revenue dashboards, and performance tools used by Asset Management, Revenue Management, and senior leadership.