Manager Residential Investment

FirstKey Homes•Atlanta, GA

7d•Onsite

About The Position

The Manager Residential Investment will be a key position on the Investment Team, conducting and processing activities, both from a valuation and closing perspective, related to the acquisition and disposition of SFR & BTR product on a 1x1, Portfolio/Bulk, or Community basis. This position will work in partnership with external agencies, such as law firms, brokerages, Title & Escrow, Qualified Intermediaries, and valuation companies, and work cross-functionally with internal departments such as Property Operations, Legal, Treasury, Accounts Payable to ensure receipt of proper documentation and consideration for property acquisitions and divestitures. This brief summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s manager at any time based upon Company need. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

Bachelor’s degree in Business Administration, Finance, Economics, Real Estate or equivalent work experience and/or education
Minimum 5 years working in residential real estate valuation, brokerage, development, mortgage processing/closing role or as Title or Escrow Officer
Exceptional ability to communicate with clients, vendors, and coworkers, both verbally and in writing
Experience processing/reviewing mortgage and/or title documents
Experience with a CRM (e.g. Salesforce), and/or property management (e.g. Yardi) software
Strong skills in Microsoft Excel and PowerPoint
Demonstrated ability to complete quantitative and qualitative analyses and financial models
Understanding of the SFR lifecycle; from asset identification and underwriting to contract generation and negotiation
Knowledge of arithmetic, algebra, calculus, statistics, and their applications to evaluating business operations.
Knowledge of business principles involved in strategic planning, resource allocation, and production methods.
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
High-stakes deadline/compliance management, multi-transaction coordination, navigating multiple exchanges simultaneously
Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Exercising sound discretion and independent judgment on matters of significance to the Company.
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Using mathematics to solve problems.
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Talking to others to convey information effectively.
Communicating effectively in writing as appropriate for the needs of the audience.
Inherent, relentless drive to produce exceptional results
Shows resolve in face of setbacks, willingly accepts challenging assignments, strength of character
Job requires analyzing information and using logic to address work-related issues and problems.
Job requires a willingness to take on responsibilities and challenges.
Job requires being honest and ethical.
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Job requires being careful about detail and thorough in completing work tasks.
Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Job requires being open to change (positive or negative) and to considerable variety in the workplace.

Nice To Haves

Real Estate Salesperson License or Managing Broker License
Valuation advisory, development, appraisal, and/or brokerage work
Yardi, SQL experience a plus
Experience working in a fast pace, high-growth company

Responsibilities

Develop a strong understanding of FirstKey Homes’ mission, vision, values, culture, and business operations
Manage purchase and sale processes including initial underwriting, valuation, due diligence, closing, and onboarding/offboarding for Portfolio/Bulk, Build-to-Rent, New Construction, and 1x1 acquisitions and dispositions
Manage relationships with internal departments, such as Legal, Treasury, and Accounts Payable as well as external legal, Title & Escrow, Qualified Intermediaries, and valuation companies to ensure adherence to process and timely transaction-related activity
Support 1031 exchange efforts by structuring different exchange types, qualifying and identifying RQ and RP properties, coordinating documentation, ensuring regulatory compliance, and delivering clear, timely communication with all appropriate exchange stakeholders
Oversee acquisition and disposition processes, including:
Operate within multiple CRM systems to save, track, monitor and resolve all transaction-related issues
Request Earnest Money Deposit (EMD) and Purchase Funding (PF) wire payments
Coordinate and schedule inspection processes with internal teams and sellers
Monitor Due Diligence (DD) extensions and Purchase Price (PP) amendments
Review purchase/sale contracts for completeness, accuracy, and adherence to terms
Review closing packages, including covenant, conditions, and restrictions (CC&R) and other HOA documents to ensure there are no leasing or rental restrictions
BPO ordering/process to ensure lending requirements are met
Manage entity transfer process for all internal entity transfers