Real Estate Asset Manager

Berger Communities•Tredyffrin Township, PA

20h•Onsite

About The Position

As the Real Estate Asset Manager your responsibilities will include: Performance Analysis: Monitor, analyze and optimize the financial performance of assigned portfolio, conducting in-depth reviews of leasing, pricing and occupancy trends, operating expenses, and capital expenditures. Leverage key performance indicators (KPIs) such as rental and NOI growth, expense ratios, and debt service coverage ratios to identify underperformance and implement corrective strategies. Cash Flow Analysis: Develop and update cash flow models to project future financial performance, considering various scenarios and potential risks. Provide detailed analyses of existing assets to support decisions related to refinancing, capital expenditures, and other strategic initiatives. Asset Valuation: Assist in the valuation of the company's real estate assets, using various financial metrics and industry benchmarks. Financing: Monitor and manage the performance of loans within the portfolio, ensuring compliance with loan covenants, tracking key financial metrics, and proactively addressing potential issues or risks related to debt servicing and refinancing opportunities. Hold/Sale Analysis: Develop and execute exit and recapitalization strategies Market Intelligence: Conduct in-depth research on assigned real estate markets, including economic, demographic, and industry trends, to inform strategic decision-making. Competitive Analysis: Monitor and analyze competitors' activities, market conditions, and emerging trends that could impact the portfolio's performance. Benchmarking: Compare the company's portfolio performance against industry benchmarks, identifying opportunities for improvement. Risk Assessment: Identify potential risks to the portfolio, including market downturns, regulatory changes, and other external factors, and recommend mitigation strategies. Strategic Initiatives: Develop and execute strategic initiatives aimed at enhancing the value and performance of the real estate portfolio. Collaboration: Work closely with other departments, including finance, operations, and legal, to ensure the smooth execution of strategic plans. Project Management: Manage and contribute to special projects related to portfolio management, financial planning, and operational efficiency improvements. Cash Flow and Distribution Oversight: Manage and optimize cash flows and distributions. Post Acquisition Analysis: Implement a proactive, process-driven approach to execute business plans. Oversight of Capital Plan: Create a system to ensure the capital expenditure plan formed during a capital event is carried out timely and efficiently. Financial Modeling: Develop and maintain financial models for assets in assigned portfolio to project asset performance, assess investment opportunities, and lead budgeting and forecasting processes. Internal Reporting: Prepare and present regular performance reports for assets in the assigned portfolio, including asset summaries, operational reviews, and business plans to senior management and stakeholders. Budgeting and Forecasting: Collaborate with Operations and Infrastructure to develop, review, and adjust annual and long-term budgets, forecasts, and financial projections. Ensure professional, efficient, and timely reporting and communication. Act as the key point of contact for all investor and lender relations for assets in the assigned portfolio.

Requirements

5-8 years of experience in asset management, real estate investment, or financial analysis, preferably with direct oversight of multifamily properties.
Desire to work in the office (Wayne, PA) five days per week.
Strong financial acumen
Analytical Thinking mindset
Technical Proficiency specifically in Microsoft office (advanced spreadsheet modeling in Excel.)
Excellent verbal and written communication skills, with ability to present complex information clearly and persuasively.
Ability to manage multiple tasks and projects simultaneously, with a strong sense of urgency and attention to detail.
Proven ability to work effectively both independently and as part of a team, with a proactive approach to challenges.
Ability to see the "big picture" and contribute to the company's long-term strategic goals.

Responsibilities

Performance Analysis: Monitor, analyze and optimize the financial performance of assigned portfolio, conducting in-depth reviews of leasing, pricing and occupancy trends, operating expenses, and capital expenditures. Leverage key performance indicators (KPIs) such as rental and NOI growth, expense ratios, and debt service coverage ratios to identify underperformance and implement corrective strategies.
Cash Flow Analysis: Develop and update cash flow models to project future financial performance, considering various scenarios and potential risks. Provide detailed analyses of existing assets to support decisions related to refinancing, capital expenditures, and other strategic initiatives.
Asset Valuation: Assist in the valuation of the company's real estate assets, using various financial metrics and industry benchmarks.
Financing: Monitor and manage the performance of loans within the portfolio, ensuring compliance with loan covenants, tracking key financial metrics, and proactively addressing potential issues or risks related to debt servicing and refinancing opportunities.
Hold/Sale Analysis: Develop and execute exit and recapitalization strategies
Market Intelligence: Conduct in-depth research on assigned real estate markets, including economic, demographic, and industry trends, to inform strategic decision-making.
Competitive Analysis: Monitor and analyze competitors' activities, market conditions, and emerging trends that could impact the portfolio's performance.
Benchmarking: Compare the company's portfolio performance against industry benchmarks, identifying opportunities for improvement.
Risk Assessment: Identify potential risks to the portfolio, including market downturns, regulatory changes, and other external factors, and recommend mitigation strategies.
Strategic Initiatives: Develop and execute strategic initiatives aimed at enhancing the value and performance of the real estate portfolio.
Collaboration: Work closely with other departments, including finance, operations, and legal, to ensure the smooth execution of strategic plans.
Project Management: Manage and contribute to special projects related to portfolio management, financial planning, and operational efficiency improvements.
Cash Flow and Distribution Oversight: Manage and optimize cash flows and distributions.
Post Acquisition Analysis: Implement a proactive, process-driven approach to execute business plans.
Oversight of Capital Plan: Create a system to ensure the capital expenditure plan formed during a capital event is carried out timely and efficiently.
Financial Modeling: Develop and maintain financial models for assets in assigned portfolio to project asset performance, assess investment opportunities, and lead budgeting and forecasting processes.
Internal Reporting: Prepare and present regular performance reports for assets in the assigned portfolio, including asset summaries, operational reviews, and business plans to senior management and stakeholders.
Budgeting and Forecasting: Collaborate with Operations and Infrastructure to develop, review, and adjust annual and long-term budgets, forecasts, and financial projections.
Ensure professional, efficient, and timely reporting and communication.
Act as the key point of contact for all investor and lender relations for assets in the assigned portfolio.

Benefits

Medical, Dental, and Vision Insurance
Flexible Spending Accounts for Medical Expenses and Dependent Care
Short-Term Disability Income Insurance – at no cost!
Long-Term Disability Income Insurance – at no cost!
Life Insurance – at no cost! Additional buy-up option available
401K plan with employer match
Tuition assistance program - Up to $4,000/annually
$1,000 employee referral rewards
15 PTO days per year
1 volunteer time off day per year
Paid holidays and 2 floating holidays
20% rent discount at any Berger community – eligible on your first day of employment