Director, Asset Management-Multifamily

Work at Carmel Partners•Seattle, WA

5d•Onsite

About The Position

Carmel Partners, a leading specialist in real estate investment management, is seeking a Director, Asset Management in their Seattle, WA Office. This role is responsible for managing the financial performance and business strategy of a property portfolio to maximize operations and returns at both the individual asset and overall fund/portfolio levels. The Director will independently manage a portfolio of multifamily assets within an assigned region, partnering closely with the Vice President of Asset Management, property management teams, and internal stakeholders to execute business plans, drive operational performance, and support strategic initiatives. Asset assignments may change based on business needs.

Requirements

Bachelor’s degree in real estate, Finance, or a related field required; master’s degree preferred.
At least 5 years of real estate investment and asset management experience in multifamily; 5+ years of relevant real estate experience with a master’s degree, or 7+ years with a bachelor’s degree.
Extensive knowledge of Seattle and Washington State real estate regulations.
Strong understanding of multifamily asset management, including financial analysis, lease-up strategy, operating performance, and asset valuation.
Advanced analytical, financial, and quantitative skills, with the highest level of attention to detail and strong proficiency in Microsoft Excel and PowerPoint.
Experience with property management and revenue management systems such as Yardi, LRO, or similar platforms preferred.
Familiarity with emerging data and analytics tools and the ability to leverage data insights to support asset strategy and operational decision-making.
Strong communication and presentation skills, with the ability to convey analysis and recommendations clearly to senior leadership and cross-functional teams.
Strong organizational and time management skills with the ability to manage multiple assets, priorities, and deadlines.
Analytical, solutions-oriented mindset with sound judgment and attention to detail.
Collaborative team player with strong interpersonal skills and a high level of integrity and accountability.
Effective people and project management skills, including experience managing teams and/or direct reports.
Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy.
Excellent organization and time management skills – able to manage and execute multiple quantitative projects simultaneously.
Exceptional communication, presentation, and interpersonal skills.
Values relationships – thrives in a collaborative team setting as well as working independently.
Demonstrates impeccable integrity and dependable judgment.
Applicants must be authorized to work in the U.S.A.

Nice To Haves

Master's degree preferred.

Responsibilities

Partner with the Vice President of Asset Management to drive operational performance and value creation across a regional portfolio of multifamily assets.
Independently manage assigned properties, overseeing financial performance, business plan execution, lease-up strategy, and operational initiatives.
Lead preparation and presentation of Quarterly Asset Reviews (QARs) and Annual Business Plans (ALBPs), analyzing performance relative to budget, trends, and strategic objectives.
Analyze financial results, operating metrics, and market conditions to inform asset-level strategy.
Review monthly reports, including financials, conversion & leads, marketing dashboards, and operating dashboards.
Participate in bi-weekly revenue management calls, recommending pricing and revenue strategies based on occupancy trends, lease expirations, and historical pricing data.
Support the transition of new developments into lease-up, including development of lease-up playbooks, business plans, and pricing tools.
Serve as the primary liaison with third-party property management teams to ensure execution of business plans and operational initiatives.
Prepare monthly cashflow projections and make distribution recommendations to VP.
Conduct monthly financial reviews with onsite teams and internal stakeholders to evaluate property performance relative to budget.
Lead the annual budgeting process for assigned assets in partnership with property management teams, including detailed review of budgets, comparisons of historical performance, and industry benchmarks.
Underwrite new acquisitions by evaluating the competitive set and developing a stabilized pro forma; present and defend rents and expenses to Investment Committee; participate in physical due diligence.
Partner with property operations team and dispositions point person to ensure property strategy and operations are followed during dispositions process to maximize sales price of assets.
Collaborate with Development, Construction, and Investments teams on new developments, renovations, and repositioning strategies.
Perform comprehensive utilities analysis (annual cost/usage trends, opportunities for expense reduction and bill-back increases).
Conduct market research, competitive analysis, and shop competitive property set annually to maintain current market intelligence and ensure properties are appropriately positioned in the market.
Oversee portfolio’s marketing and review websites regularly.
Identify opportunities to improve operational efficiency and asset performance.
Review real estate tax assessments and discuss tax appeal strategies with portfolio manager and third-party consultants.
Contribute to Asset Management initiatives that enhance reporting, tools, and operational processes.
Build strong relationships with internal teams and external partners to support effective execution of asset strategies.
Conduct regular site visits for your portfolio.
Travel periodically to other Carmel regional offices.
Perform other duties and special projects as assigned.