VP, Asset Management, Multifamily Direct Equity – Portfolio Manager

Harbor Group Management•Norfolk, VA

3d•Onsite

About The Position

Harbor Group Management Company is a multi-billion dollar real estate investment and property management firm. As we continue to grow, we are looking for passionate, goal oriented, creative individuals with an entrepreneurial spirit and great communication skills. Harbor Group is dedicated to outstanding customer service and providing exquisite living experience for our residents. VP, Asset Management, Multifamily Direct Equity – Portfolio Manager Location: Onsite, New York City Corporate Office or Onsite, Norfolk, Virginia Corporate Office Job Summary: In the role of Asset Management, Multifamily Direct Equity – Portfolio Manager, you are a part of the Harbor Group International’s Asset Management Group, which manages all the company’s direct equity, preferred equity, and debt portfolio investments. This specific role relates to multifamily direct equity investments.

Requirements

The successful candidate will have a strong academic background with a college degree. An MBA or a Master’s in Real Estate or other relevant fields is strongly preferred.
A minimum of 7 to 10 years of experience in relevant multifamily asset management, property management and/or acquisition work experience in the multifamily industry. Multifamily or other residential experience is required, though another sector experience is appreciated.
An investment mindset with a thorough understanding of financial calculations such as NPV, DCF, and IRR.
Previous real estate financial analysis and modeling experience.
Knowledge of real estate accounting, financial statements, and variance analysis.
Superior analytical and problem-solving skills.
Strong presentation, negotiation, and communication skills.
Proficiency with MS Excel, Word, and PowerPoint required; proficiency with MRI, Axiometrics, and/or LRO a plus.
A team player who can operate effectively within a fast-paced environment.
Excellent organizational and time management skills. Ability to balance competing priorities. Able to work with time-sensitive, detail-oriented material and meet multiple deadlines.
The ability to travel frequently.

Nice To Haves

An MBA or a Master’s in Real Estate or other relevant fields is strongly preferred.
proficiency with MRI, Axiometrics, and/or LRO a plus.

Responsibilities

Work collaboratively with the Transactions, Property Management, and Investor Relations teams on new acquisitions by providing a general risk assessment of the investment and review of business plan, investor projection model, and capital plan. Role will be responsible for documenting operational plans and investment goals/objectives.
Review weekly and monthly property data for owned multifamily properties including leasing reports, traffic reports, construction progress reports, and aged delinquencies, etc. for general oversight purposes with high focus on balance sheet accounts, including cash positions. Responsible for approving capital expenditures, including disbursements for value-add capital improvement programs, and managing balance of capital accounts.
Stay abreast of local, regional and national real estate and financial market trends, including for purposes of planning ahead for capital transactions and loan maturities.
Monitor, review, and evaluate financial operating results for variance and performance metrics. Confirm Property Management is aware of performance metrics and inquire as to plan to implement changes as needed to enhance cash flow and profitability. Manage capital improvement and other reserve balances. Recommend quarterly and annual cash distributions to investors.
Monitor portfolio and plan strategically for investor distributions, loan covenant testing periods and capital transactions. Based on consideration of investor projections and potential capital transactions, review and approve annual budgets and business plans providing guidance for non-operating portion of budget for the assigned properties.
Participate in sell/hold/refinance decision making, assist with review of broker BOVs and capital transaction analysis.
Effectively present information to and respond to questions from groups of executives, investors (prospective and existing), lenders, and other appropriate constituencies.

Benefits

Competitive Salaries & Bonuses
Medical, Dental & Vision Plans
401(k) Plan with Employer Matching Contributions (including part-time employees)
Paid Time Off (PTO) & 10+ Paid Holidays
Paid Parental Leave
Paid Birthday Off (Multifamily)
Flexible Spending Accounts
Company-Paid Long-Term Disability
Company-Paid Life Insurance
Short-Term Disability
Health Savings Account with Employer Contributions
Pre-Tax Commuter Benefit (Corporate)
Wellness Perks (including part-time employees)
FinFit Financial Wellness Program
Legal Resources
Employee Apartment Discount (including part-time employees)
Employee Referral Program (including part-time employees)
Employee Assistance Program (including part-time employees)
Tuition Reimbursement
Insta Pay Eligible
Volunteer & Community Service Opportunities
Employee Recognition & Awards