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Assistant Asset Manager

2 months ago

Colorado Springs, United States The Challenger Group Inc Full time
Job DescriptionJob DescriptionDescription:

Goodwin Knight’s strategy is “Making Life Better by Building attainable housing for the missing middle. All Goodwin Knight projects target the missing middle, those who make too much to qualify for a subsidy, but not enough to afford the sky-high cost of housing.


Position Title: Assistant Asset Manager

Position Reports to: Head of Assent Management

Location: Colorado Springs

Career Level: Professional (exempt)

Salary: $56K - $85 (DOE)

Profit Sharing: Company Profit Sharing is available

Minimum qualification:

  • Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field
  • 2-4 years of related experience (e.g., working for a property management company
  • Proficiency in using property management software like Yardi or RealPage

Benefits:

  • Medical/Dental/Vision insurance
  • Life/Accidental death insurance
  • Paid time off, holidays
  • Bonus/Profit sharing
  • 401K Investment plans with 6% company match
  • Home purchase discounts

Primary Operational Objectives: The Assistant Asset Manager will play a vital role in supporting the Head of Assent Management in overseeing the performance and management of a portfolio of multifamily properties. This role requires a detail-oriented individual with strong analytical skills, real estate knowledge, and the ability to work collaboratively across multiple departments. The Assistant Asset Manager will assist in maximizing the value of the portfolio through strategic management, operational oversight, and financial analysis.

Accountabilities:

Financial Analysis and Reporting:

  • Assists in the preparation of annual budgets, monthly financial reports, and performance forecasts.
  • Monitors property-level financials, including rent rolls, occupancy rates, and expense management.
  • Supports the Asset Manager in preparing investor reports and presentations.

Property Operations:

  • Collaborates with property management teams to ensure efficient daily operations and maintenance.
  • Assists in the review and approval of capital expenditure (CapEx) projects and renovations.
  • Monitors property performance metrics, such as occupancy, rent collections, and tenant retention.
  • Conducts regular property site visits to ensure adherence to operational standards.

Lease Management:

  • Monitor lease expirations, renewals, and rent adjustments to optimize rental income.
  • Work with the leasing teams to develop strategies for tenant retention and lease-up campaigns.
  • Market Research and Analysis.
  • Conduct market research to assess competitive positioning, rental trends, and market dynamics.

Investor Relations:

  • Respond to investor inquiries regarding property performance and financials.
  • Assist in coordinating investor meetings, property tours, and presentations.

Administrative Support:

  • Maintain organized records of property-related documents, contracts, and correspondence.
  • Provide general administrative support to the Asset Manager and other team members as needed.
Requirements:
  • Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field or 2-4 years of experience in real estate asset management, property management, or a related field, preferably in the multifamily sector.
  • Strong financial acumen, with the ability to analyze and interpret financial statements and reports.
  • Proficiency in property management software (e.g., Yardi, RealPage) and Microsoft Office Suite, particularly Excel.
  • Excellent communication and interpersonal skills, with the ability to work effectively in a team environment.
  • Detail-oriented with strong organizational skills and the ability to manage multiple tasks and deadlines.
  • Ability to travel to properties as needed.
An Equal Opportunity Employer/Smoke free campus