Senior Associate, Asset Management (Residential Investments)

The RMR Group • Atlanta, GA

6d

About The Position

In this role, the Senior Associate, Asset Management will be assigned a specific set of priorities based on investor-partner relationships. They will be responsible for evaluating and directing the assigned properties' overall performance. The focus of this role is to help The RMR Group and its equity partners maximize the returns on its portfolio of multi-family real estate assets.

Requirements

• 4-6 years of commercial real estate experience, preferably multifamily asset management
• Understanding of general multifamily trends and individual property markets/submarkets.
• Experience working with joint venture capital partners.
• Knowledge of critical financial concepts, metrics, internal rates of return, cash-on-cash returns, etc.
• Proficiency with financial modeling.
• A creative, problem-solving approach.
• The ability to work independently and proactively.
• Strong organizational and project management skills.
• Yardi property management software experience.
• Excellent written and verbal communication skills for reporting and presentation.
• Detail-oriented mindset with excellent multitasking abilities.
• Familiarity with legal and regulatory aspects of real estate transactions.

Responsibilities

• Lead the preparation and implementation of property business plans to achieve or exceed each asset’s target returns.
• Communicate effectively with equity partners on all business decisions.
• Conduct comprehensive hold/sell financial analysis and asset re-underwritings.
• Prepare quarterly portfolio valuation models.
• Act as a bridge between the operations team and equity partners.
• Identify value-creation opportunities and develop action plans to achieve desired results.
• Spearhead the development of annual business plan strategy and operating budgets.
• Perform financial monitoring and review operating budget variances.
• Maintain close relationships and direct communication with investor partners/lenders.
• Review & approve monthly/quarterly distributions with fund investors & joint venture partners.
• Lead & execute debt restructuring/refinance opportunities on behalf of the joint venture.
• Oversee the disposition/sale process on behalf of the joint venture.
• Assist with loan and joint venture covenant compliance.

Benefits

• Health Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurance
• Health Savings Account (HSA) & Flexible Spending Plans (FSA)
• 401(k) Plan with Employer Match
• Holidays, Vacation & Sick Time
• Parental Leave
• Tuition Assistance
• Matching Gift Program
• Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees