Manager Asset Management

AvalonBay Communities • San Jose, CA

1d

About The Position

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work. AvalonBay Communities is hiring a Manager of Asset Management to support a portfolio of apartment communities across the Pacific Northwest. In this role, you’ll provide financial analysis, reporting, and operational support to drive property performance and long‑term value. You’ll partner closely with teams across Investments, Development, Construction, Operations, Finance, and ESG to monitor performance, prepare analyses, and ensure smooth execution of asset management initiatives.

Requirements

• Bachelor’s degree in Finance, Real Estate, or a related field
• 2–4 years of experience in real estate, asset management, or property management
• Strong financial and analytical skills with advanced Excel proficiency; valuation and underwriting experience a plus
• Ability to identify value‑creation opportunities and mitigate risk
• Clear written and verbal communication skills, including report and presentation development
• Strong attention to detail and organizational skills
• Collaborative mindset with willingness to learn new tools (Power BI or Tableau a plus)

Nice To Haves

• Multifamily experience preferred
• valuation and underwriting experience a plus
• willingness to learn new tools (Power BI or Tableau a plus)

Responsibilities

• Financial Analysis & Reporting Prepare property‑ and portfolio‑level financial models and analyses (DCF, IRR, equity multiple, etc.)
• Develop and maintain 10‑year cash flow models, including sell/hold strategies, risk assessments, and value‑creation opportunities
• Lead Asset Strategy Reviews (ASRs), including SWOT discussions with business partners Performance Tracking & Capital Planning
• Track and report on key property performance metrics and identify improvement opportunities
• Support the development of annual and long‑term capital plans
• Provide financial analysis for unit renovation programs and major capital initiatives
• Evaluate and recommend strategies to increase NOI, maximize cash flow, and enhance long‑term value Market Research & Valuation
• Research market trends, demographics, and supply/demand dynamics
• Assist with property valuations and competitive benchmarking Collaboration & Process Support
• Coordinate with HOA and third‑party partners, as well as internal teams, to share data and updates
• Support compliance with lender, zoning, and affordable housing requirements
• Help improve and streamline core asset management processes and tools

Benefits

• Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees