Director of Asset Management

The company•Macon, GA

About The Position

AREY Group is seeking a Director of Asset Management to lead asset-level financial and operational performance across its student housing and multifamily portfolio. The role calls for a detail-oriented, organized, self-directed leader who takes ownership of results, develops team members, and uses AI and other tools to improve team effectiveness. The Director will work in a fast-paced, collaborative environment with opportunities for professional growth. The Director reviews portfolio and property performance, manages lender and investor communications, and leads budgets, capital planning, value-add projects, and hold, sell, and refinance strategies. The position supports acquisitions and development, coordinates across Investment and Operations, and develops the processes, reporting tools, dashboards, and feedback loops needed to improve property values and investor returns. The role reports to the Chief Investment Officer and is listed as full-time and exempt. The location is Macon, Georgia or remote. The role is primarily sedentary office work with occasional residential community visits and limited travel. Travel may be up to 20–40%. The work environment includes a climate-controlled, well-lit office with standard office equipment; conditions vary during property visits. The role includes extended computer use, frequent communication with stakeholders, movement around properties that may involve stairs and uneven surfaces, occasional lifting of up to 25 pounds, and reviewing financial and property information while managing multiple priorities.

Requirements

Bachelor’s degree in finance, real estate, accounting, or a related field.
At least 7–10 years of experience in real estate asset management and/or acquisitions, focused on commercial or multifamily properties.
Experience in a quantitatively heavy role, including advanced Excel financial modeling.
Experience with accounting and property management software.
Demonstrated track record of NOI growth and capital event execution, such as refinancings, dispositions, or acquisitions.
Experience supervising, coaching, and developing team members.
Advanced financial modeling skills, including building and reviewing dynamic cash-flow models, sensitivity tables, and scenario analyses for operations, debt scenarios, refinancings, and new projects.
In-depth expertise in real estate investment and asset management, including commercial, student housing, and multifamily valuation; underwriting; pro formas; capital structures; loan documents and covenants; joint-venture and operating agreement provisions; and the investment lifecycle.
Strong financial acumen, including the ability to read financial statements, perform variance analysis, and connect operating results to NOI, cash flow, and returns.
Strategic judgment and the ability to use profitability analysis and statistical methods to identify trends, risks, and opportunities and develop practical portfolio recommendations.
Excellent written and verbal communication skills, including preparing concise owner’s reports, investment decks, and market updates and presenting complex financial information clearly to investors, lenders, executives, on-site teams, and large groups.
Cross-functional leadership, relationship-building, negotiation, and influencing skills to gain agreement on budgets, strategies, and transactions and to resolve high-tension situations constructively.
Strong organization and project management skills, including managing multiple activities, estimating timelines and work complexity, and delivering accurate reports, budgets, and loan abstracts on deadline.
Proficiency in Microsoft Office, especially Excel and PowerPoint, RealPage, CoStar, and Business Intelligence tools.
Strong leadership skills, including coaching team members, giving transparent and constructive feedback, reviewing performance against goals, adapting communication to individuals, and helping team members replicate successful practices.

Nice To Haves

MBA or master’s degree in finance, real estate, or a related field, or relevant industry designations.
Experience with multifamily and student housing assets.
Experience with RealPage, CoStar, and Business Intelligence tools.
Familiarity with Access, SQL, or Business Objects and other data query and management tools.
Experience preparing investor reports and working with equity partners and lenders.
Experience with fund-level analysis, investor waterfall mechanics, and joint-venture or operating agreement compliance.

Responsibilities

Review monthly operating results against budgets and underwriting; explain variances above $5,000; report KPIs, capital expenditure progress, and risks at bi-weekly Investment L-10 meetings, including a monthly portfolio KPI scorecard.
Escalate risks, legal issues, and material investor events to the CEO and CIO early, with recommendations and mitigation plans; ensure stakeholder communications are answered within 24 hours and property records remain audit-ready.
Collaborate with the VP of Operations, Accounting, property management, and Regional Managers; review weekly leasing; provide feedback at bi-weekly Property Management L-10 meetings; and analyze monthly delinquency, maintenance, reputation, market rents, and pricing to grow NOI and address budget gaps.
Make quarterly visits to select communities.
Serve as the owner’s liaison to lenders; track loan covenants and deadlines; ensure quarterly compliance reporting and covenant projections are complete and timely; verify loan payments, reserves, escrows, controlled accounts, reimbursements, and commissions.
Oversee property tax assessments and appeals, including making the final decision to appeal, and ensure insurance coverage is checked against loan requirements.
Review and finalize quarterly investor reports and approve distribution calculations before submitting them to the CEO and CIO for approval.
Lead Asset Management’s contribution to annual property budgets, including spending, CapEx, loan costs, and commercial income; review budgets against each asset’s business plan.
Oversee annual reviews of vendor contracts and Property Management Agreements and recommend changes or renewals. The VP of Operations executes vendor contracts, and the CEO signs Property Management Agreements.
Build multi-year capital plans tied to asset business plans and oversee Asset Management CapEx and value-add construction projects, tracking delivery against schedule and budget and measuring ROI against pro forma.
Approve and sign contracts and oversee the RealPage approval step for CapEx over $5,000.
Lead hold, sell, and refinance strategy for each asset, including quarterly reviews supported by scenario and sensitivity analysis; lead refinancings and dispositions from broker opinions of value through marketing, offers, due diligence, and closing; present recommendations to the CEO and CIO for final decisions and lender selection.
Support acquisitions and development by leading and validating underwriting, due diligence, CapEx, and operating assumptions; build post-close business plans for new assets; and oversee design firms for acquisitions.
Oversee commercial lease negotiations through execution, with the CEO signing leases; act as the owner’s liaison to commercial brokers and counsel on tenant defaults.
Set quarterly Asset Management projects with the investment department.
Serve as the primary liaison between Investment and Operations, balance the needs of leadership, team members, and shared services, and resolve conflicts constructively.
Build SOPs, reporting tools, dashboards, and feedback loops that help the team deliver consistent results and increase property values and investor returns across the portfolio.
Coach, develop, and supervise team members; provide transparent and constructive feedback and review performance against goals.
Perform other duties as assigned.