Multi-Family Asset Manager
About The Position
The Multi-Family Asset Manager is responsible for maximizing the financial performance, operational efficiency, and long-term value of a portfolio of multifamily residential properties. Reporting to the Senior Director of Asset Management, this role oversees property management performance, asset strategy, budgeting, capital improvement initiatives, financial analysis, and investor reporting. The Asset Manager serves as the primary link between ownership, property management teams, and other stakeholders to help achieve portfolio objectives. The position combines commercial real estate knowledge, analytical reasoning, strategic thinking, negotiation skills, and relationship-building. It includes developing asset-level business plans, monitoring financial and operating performance, overseeing property managers and capital projects, analyzing markets and investment opportunities, and communicating recommendations and results to ownership, investors, lenders, and senior leadership.
Requirements
- At least 5 years of experience in multifamily asset management, real estate finance, investments, property management, or related fields.
- Experience managing multifamily residential assets and overseeing third-party management companies.
- Strong understanding of multifamily operations, financial analysis, and real estate investment principles.
- Bachelor’s degree in Finance, Real Estate, Business Administration, Economics, or a related field.
- Advanced financial modeling and analytical skills.
- Proficiency in Microsoft Excel and real estate software platforms.
- Strong understanding of property-level financial statements and performance metrics.
- Knowledge of multifamily market dynamics and valuation methodologies.
- Excellent communication, presentation, and stakeholder management skills.
- Ability to manage multiple assets and priorities simultaneously.
- Strong problem-solving and strategic thinking capabilities.
Responsibilities
- Develop and execute asset-level business plans to optimize property value and investment returns.
- Monitor portfolio performance against budgets, forecasts, and investment objectives; identify opportunities to increase revenue, reduce expenses, and improve operational efficiency.
- Evaluate market conditions, competitive properties, and economic trends to inform strategic decisions.
- Recommend hold, refinance, recapitalization, or disposition strategies.
- Review and analyze monthly financial statements, variance reports, and key performance metrics.
- Prepare annual operating budgets and capital expenditure plans.
- Develop and maintain financial models, cash flow projections, and investment analyses.
- Monitor property-level NOI, occupancy, rent growth, collections, and expense performance.
- Work with accounting teams to ensure accurate financial reporting.
- Oversee third-party or internal property management companies and conduct regular operational reviews and property visits.
- Evaluate leasing performance, resident retention, maintenance operations, and service levels.
- Ensure properties comply with ownership standards and business plan objectives; collaborate with regional managers and onsite teams to address operational challenges.
- Identify and manage renovation, repositioning, and capital improvement projects.
- Review project budgets, timelines, and return-on-investment expectations; coordinate with contractors, consultants, and property management teams; monitor execution and financial performance.
- Prepare quarterly and annual asset performance reports and present recommendations and performance updates to ownership, investors, and senior leadership.
- Support lender reporting requirements and financing activities.
- Assist with due diligence for acquisitions, refinancing, and dispositions.
- Analyze market trends, demographic data, and competitive property performance; conduct rent studies and evaluate pricing strategies.
- Assess acquisition opportunities and support underwriting efforts.
- Track portfolio KPIs and benchmark performance against market standards.
Benefits
- Profit-sharing bonus program
- 401(k) employer match up to 4%
- Medical, dental, and vision insurance
- HDHP HSA plans are free for employees only
- Employer-paid long-term disability insurance
- Employer-paid life insurance
- Employee assistance program (EAP)
- Voluntary short-term and supplemental life insurance
- Paid time off: 112 hours after 90 days
- Holiday pay for 12 holidays
- Training and education
- Events, awards, and activities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
