Regional Vice President, Multifamily Management

Harbor Group Management•Raleigh, NC

About The Position

The Regional Vice President is responsible for the operational and financial success of their assigned regions and ensuring established financial targets are achieved and/or exceeded. This role is accountable for leading a team of Regional Directors and/or Regional Managers and communicating directly with Senior Leadership and ownership groups to ensure region meets and exceeds annual financial goals, residents are satisfied, and communities are properly maintained in compliance with company standards. Results are achieved by effectively managing the performance of the region in areas such as financial performance, personnel management, maintenance, revenue management, marketing plans, capital improvements, and compliance with all applicable laws and company policies.

Requirements

Minimum of ten (10) years’ experience in multifamily, market rate, and/or affordable housing
Minimum of five (5) years’ experience as a Regional Manager with multiple markets
Must have overseen a portfolio of approximately 10,0000 units
Excellent business and financial acumen with a solid understanding of real estate financial concepts and statements
Experience with Microsoft Office, Property Management systems, Revenue Management systems, and other industry related systems. MRI and LRO preferred.
Superior leadership, interpersonal, and presentation skills including recruitment and employment development
Experience working in cross functional teams to design, implement, and improve property management processes
Thorough understanding of Landlord/Tenant laws and guidelines
Ability to travel frequently

Nice To Haves

Bachelor’s degree in relevant field or equivalent experience, preferred
Industry related certifications, preferred

Responsibilities

Provide leadership and direction to a team of Regional Directors and/or Regional Managers by driving financial performance, operations, and strategy of an assigned portfolio.
Meets regularly with Regional Directors and/or Regional Managers to create and communicate action plans to achieve or exceed budgeted expectations, business plans, and KPIs.
Conduct monthly, quarterly, and yearly financial reviews on each property in the assigned region and communicate portfolio performance with Senior Leadership and ownership group(s)
Participate in acquisition and due diligence efforts within the assigned portfolio.
Assist in underwriting, budgeting, business plans, capital/renovations recommendations, asset re-positioning, staffing, and on-boarding with each department to ensure a successful transaction.
Collaborates with Senior Leadership and corporate support teams to implement and monitor plans for property management systems and processes to accommodate the company's growth.
Serves as lead on various committees to effect change and enhance SOP’s.
Visit sites regularly to review operational performance and physical condition of properties.
Approves immediate physical repairs and/or replacements.
Provides capital improvement recommendations to Asset and Construction Management for inclusion in the annual business plan.
Maintain a thorough understanding of current and future trends of market performance within assigned region.
Implement strategic guidelines for improving performance including increasing income and/or reducing expenses.
Leads the development of the annual property budget process.
Review on-site operations to ensure properties are following SOP guidelines to streamline effective management.