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Multifamily Asset Manager
3 months ago
Asset Manager
Market-Rate and Affordable Multifamily
Location: Hybrid - Chicago, IL
Hirewell has been exclusively retained by a prominent real estate company that develops and manages market-rate and affordable multifamily communities to lead the search for an Asset Manager. This role involves leading property-level monitoring, risk identification, and mitigation strategies. The Asset Manager will work closely with executives, ownership, and property management to enhance the portfolio’s financial health. Join our client in Chicago with a hybrid work setup and enjoy competitive benefits and travel opportunities.
Responsibilities
- Develop and execute asset management strategies to optimize the performance of the multifamily portfolio.
- Collaborate with Vice President and Regional Directors of Property Management to troubleshoot and enhance property and portfolio operations.
- Conduct regular site visits to assess curb appeal, CapEx project status, common area and vacant unit conditions, and personnel issues.
- Review, analyze, and report on financial statements in conjunction with site visit reports.
- Oversee property-level transition planning for acquisitions in collaboration with the Director of Property Integration and the property management operations team.
- Create, oversee, and implement strategic business plans and programs for multifamily properties.
- Participate in due diligence efforts for potential acquisitions and dispositions.
- Perform other duties, as directed or required.
Requirements
- Bachelor’s degree in Real Estate, Portfolio/Asset Management, Finance, or related field.
- 3-5 years of progressive experience in multifamily asset management or operations with demonstrated success in implementing asset business plans and improving property and portfolio performance.
Qualifications
- Knowledge of affordable housing and financing programs.
- Strong understanding of Microsoft Excel and PowerPoint.
- Experience with management software such as BI, RealPage, or Yardi.
- Excellent oral and written communication skills.
- Excellent critical thinking and problem-solving skills.
- LIHTC experience is a plus.
Benefits
- Medical and dental insurance (PPO and HMO options)
- Vision insurance
- Company-paid Short-Term and Long-Term Disability insurance
- Company-paid Life and AD&D insurance
- Employee Assistance Program
- Pre-tax health care, dependent care, and commuter benefits
- 401K with 100% company match (up to a limit)
- Generous PTO and paid holidays, including personal and volunteering days
- Annual merit-based bonuses
- Employee recognition program with prizes and annual celebration
