Senior Manager

Join to apply for the Senior Manager / Director, Asset Management role at AvalonBay Communities 1 day ago Be among the first 25 applicants Get AI-powered advice on this job and more exclusive features. Overview 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. Position Details Position Type: Full time State: MA City: Boston Zip Code: 02210 Compensation: $125,600.00 - $209,300.00 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 AvalonBays long-term investment strategy. Key Responsibilities Asset Management Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners Collaborate across functionsincluding Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibilityto 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 Asset Investment Planning 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 Qualifications Bachelors degree required; MBA in Finance, Real Estate, or related field preferred 7+ years of experience in asset management, acquisitions, or property managementpreferably 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 handson execution capability; able to drive outcomes through influence and collaboration Proficiency in Microsoft Excel, Word, and PowerPoint How AvalonBay Supports You We know that our teams are the beating heart of our success and were committed to showing our appreciation. We Offer 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 program. 20% discount on apartment homes. A culture built on purpose and our core values. Additional Info AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. Applications are being accepted on an ongoing basis. AvalonBay does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application. For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice. Job ID: JR105729 Seniority level Director Employment type Full-time Job function Finance and Sales Referrals increase your chances of interviewing at AvalonBay Communities by 2x Get notified about new Director Asset Management jobs in Boston, MA #J-18808-Ljbffr