Regional Vice President - Conventional

Elmington Living • Nashville, TN

13h

About The Position

The Regional Vice President (RVP) leads the operational, financial, and asset performance of an assigned Elmington Residential portfolio spanning multiple markets. The RVP directs a team of Regional Managers, provides leadership support for property and staffing escalations, and drives portfolio-wide strategy to ensure strong financial performance and trusted partnerships with ownership and equity stakeholders.

The role oversees portfolio financial and operational health, budgets and capital plans, property performance, revenue strategy, and reporting. It also includes site visits and inspections, due diligence for acquisitions, resident retention initiatives, and partnership with marketing and asset management. The RVP hires, coaches, and develops Regional Managers and builds leadership capacity across the region.

Frequent regional travel is required, estimated at 40–60%, including site visits and travel to fly-in markets. The role works in standard office and on-site property environments, with some outdoor exposure during property tours. Extended hours may be needed during budget season, acquisitions, or urgent property issues.

Requirements

• At least 8 years of progressive property management experience, including multi-site oversight in market-rate housing.
• Specific experience in the markets served by the role's portfolio.
• Strong understanding of revenue management principles and competitive market analysis.
• Proven track record managing a large, geographically dispersed portfolio and team.
• Fair Housing certification required within 7 days of employment.
• Valid driver's license and reliable transportation.
• Ability to communicate effectively in person, by phone, and electronically.
• Ability to lift, carry, push, or pull up to 15–25 pounds occasionally.
• Ability to bend, reach, stoop, and kneel as needed.
• Ability to frequently stand, walk, climb stairs, and move throughout properties.

Nice To Haves

• Experience with RealPage/OneSite, Yardi, Fortress, or similar platforms.
• Certified Property Manager (CPM) or Certified Apartment Property Supervisor (CAPS) designation.

Responsibilities

• Own portfolio financial and operational health, with performance measured primarily through NOI, NRI, bad debt, management fee, and physical and economic occupancy against budget.
• Review and approve annual budgets, reforecasts, and capital improvement plans.
• Support Regional Managers on weekly ownership and equity calls and represent the region in senior leadership meetings.
• Develop and maintain portfolio-level action plans for underperforming properties and track progress against budget targets.
• Manage accounts receivable and accounts payable performance across the portfolio and communicate trends, outliers, and aging to ownership and executive leadership.
• Conduct monthly site visits for in-market properties and quarterly visits for out-of-market properties to assess condition, team performance, compliance, and operational readiness.
• Conduct formal quarterly site inspections, document findings in written reports or scorecards, and drive corrective action.
• Ensure financial reporting and budget timelines are met by holding Regional Managers accountable for property-level deadlines.
• Review portfolio-wide daily operations and weekly reporting for trends and exceptions.
• Monitor market conditions and competitive positioning for each regional asset.
• Support pricing recommendations using market comps and property exposure analysis, and help communicate pricing strategy to equity partners and asset management.
• Oversee capital project execution and value-add initiatives with asset management and Regional Managers.
• Drive resident retention strategy to protect renewal income and reduce turnover costs.
• Execute due diligence requests and proforma reviews for acquisitions and portfolio additions.
• Partner with marketing on leasing performance and portfolio positioning strategies.
• Conduct weekly one-on-one meetings with each direct-report Regional Manager to review performance, priorities, and support needs.
• Hire, coach, and develop Regional Managers and build leadership bench strength across the region.
• Conduct performance reviews and development planning for direct reports.
• Foster a high-performance, service-oriented culture across the portfolio.
• Partner with L&D on training and leadership development initiatives.

Benefits

• Competitive compensation.
• Medical, dental, and vision coverage beginning on the first of the month following the hire date.
• Life insurance.
• Short- and long-term disability coverage.
• 401(k) plan with company match after 90 days.
• Unlimited paid time off.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed