Senior Manager / Director, Asset Management

Avalon Bay • Boston, MA

52d

About The Position

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work. The Role The Senior Manager / Director of Asset Management is responsible for analyzing asset performance, identifying and executing value-creation and risk-mitigation opportunities, and driving initiatives that enhance community value and financial performance. This role partners closely with leaders across Operations, Construction, Investments, Development, and other corporate teams to optimize asset outcomes and ensure alignment with AvalonBay's long-term investment strategy.

Requirements

• Bachelor's degree required; MBA in Finance, Real Estate, or related field preferred
• 7+ years of experience in asset management, acquisitions, or property management-preferably within the multifamily sector
• Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics
• Demonstrated ability to navigate complex ownership structures and joint venture partnerships
• Exceptional communication, presentation, and organizational skills.
• Strategic thinker with hands-on execution capability; able to drive outcomes through influence and collaboration
• Proficiency in Microsoft Excel, Word, and PowerPoint

Responsibilities

• Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners
• Collaborate across functions-including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility-to identify value-creation opportunities
• Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies
• Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value
• Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses
• Lead approval and execution of capital investment programs
• Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases)
• Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks
• Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance
• Coordinate immediate and long-term CapEx planning and ensure alignment with overall asset strategy
• Present business plans and performance projections to regional and corporate leadership
• Support hold/sell decision-making and portfolio optimization strategies
• Maintain proficiency in financial modeling and valuation techniques

Benefits

• Comprehensive benefits - health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization - including destination awards, 'AvalonBay's Very Best' recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Real Estate
• Number of Employees: 1,001-5,000 employees