Portfolio Manager

Balfour Beatty•Dallas, TX

1d•$115,000 - $125,000•Onsite

About The Position

The Portfolio Manager oversees all phases of community operations, ensures execution of the property management agreement, and drives the property’s fiscal and operational success while maintaining a high caliber of on-site services and staff.

Requirements

Bachelor’s degree Required in Property Management, Real Estate, Finance, Economics or related field preferred.
Must possess or be willing to obtain either the Accredited Residential Manager (Institute of Real Estate Management) or Certified Apartment Manager (Building Owners and Management Association) designation within one (1) year of hire.
Five (5) or more Years of Multisite/Portfolio Property Management Experience.
Proficient Computer skills including Microsoft Office Suite; property management software (preferably Entrata and database management programs.
Broad knowledge of student housing/multi-family operations and industry-related concepts.
Ability to travel to and from community on regular basis.
Possession of a valid state issues driver’s license and safe driving record are required

Nice To Haves

Student housing industry experience highly preferred
High energy and desire to make a difference in the employee experience
Team player with confidence and integrity to earn employees' confidence quickly
Enjoys working in a fast-paced environment
Critical thinker proficient in identifying potential issues

Responsibilities

Implement property business plan to maximize value.
Liaise with investment partners on asset level decisions.
Liaise with on-campus partners on operational performance.
Develop understanding of market drivers to incorporate into asset specific decisions.
Monitor leasing trends to maximize revenues through consistent observation of rental rate tiering structure.
Prepare regular weekly and ad hoc updates on asset performance and financial reporting for senior management, investors, and owners, as well as manage the quarterly board meeting process.
Assists with the monitoring of leasing functions and monitoring the day-to-day leasing and follow up activities in Entrata.
Attend large leasing events to provide additional support as necessary.
Consistently reviews, evaluates, and interprets market conditions and recommends adjusted rental and renewal pricing and marketing strategies as needed to drive pre-leasing/current occupancy and revenue growth.
Aids with review and training of materials related to the leasing life cycle and best practices surrounding property marketing.
Provides management oversight for all functions including daily operations, maintenance, financial reporting, training, and development of employees, and resident relations for the community manager.
Responsible for all owner/asset management communication. Reviews completes and presents weekly, monthly, and quarterly owner reports.
Ensures appropriate and adequate staffing at the community and supervises the acquisition, development and management of team members by successfully interviewing, hiring, and training. Leads and develops this team of highly motivated, skilled and productive professionals to drive company operational goals.
Monitors the consistent execution of all operational procedures and policies and recommends changes to improve overall functionality of business. Communicates changes in procedures and policies to ensure adherence.
Review and assist with the development of the annual budget. Oversee the attainment of budgeted goals by analyzing and monitoring financial and operational results. Plans, reviews and updates capital budget routinely to address reforecasting concerns for future years of ownership and asset preservation.
Works with the Senior Vice President Multifamily/Student Housing Operations and client/owner to address and resolve gaps in the financial performance of the community.
Ensures that all property operations at the community are in adherence and compliance with governing business documents (including but not limited to closing documents, Property Manager Agreements, or governing programs).
Assists with the preparation of timely reporting and ongoing communication about the performance of the property; responds quickly and with urgency to address concerns, questions, and requests.
Aids with review and training of financial materials related to budgeting, purchase orders, reclass and accruals and other operational financial needs.