Asset Manager

2 weeks ago

Houston, United States The Morgan Group Full time
Job Purpose

Functions as Morgan's representative for Intuitional and JV Partnership assets within Morgan's portfolio. This individual will seek optimal financial results and strategic opportunities for the Company's residential portfolio of multi-family properties. Responsibilities include financial reporting, property budget preparation and review, leasing strategies, and preparing and presenting strategic asset plans. This position will work closely with Morgan's Property Management and Capital Markets teams in an effort to achieve the highest returns for our partners. If Morgan pursues acquisitions, the candidate will also work actively with the Acquisitions team to assist with new acquisitions in the due diligence process.

The ideal candidate has experience in institutional banking with an in-depth understanding of investor deal structures and returns. In addition, this candidate must be analytical, deciphering financial data to effectively review and evaluate residential investment opportunities and to assess the performance of individual residential assets in Company's portfolio. The ideal candidate is well organized, able to implement best asset management practices and work independently with minimal supervision and can thrive in an environment that is highly entrepreneurial, both strategic and creative, and which requires rapid learning, multi-tasking and prioritizing under tight deadlines.

Duties and Responsibilities

Asset Management

  • Review and analyze monthly property financial statements; create new standard monthly, quarterly, and annual reports for the partners. Conduct various analyses of accounting reporting, real estate taxes, risk management, property value analysis, market trend projections to inform leasing, financing and disposition strategies, property information, etc.
  • Regular, recurring calls and meetings with property management teams to ensure asset goals and budget are being met and if not, hands on approach to provide necessary support.
  • Analyze and monitor the financial performance of investments, which entails maintaining financial models, reviewing annual budgets, and raising awareness of performance concerns.
  • Perform onsite property visits and conduct property reviews to evaluate performance.
  • Produce ad-hoc analyses to evaluate the performance of assets. Analyze and identify opportunities for value enhancement, improving cash flow within the portfolio including dispositions, refinancing and lease transactions.
  • Oversee any tenant legal proceedings. Help identify problems and opportunities to formulate and execute plans on uncovering cases related to non-payment, illegal, and fraudulent activity at the property and/or tenant level.
Financial Analysis and Market Research - Acquisitions
  • Analyze and evaluate residential investment opportunities for company.
  • Analyze financial models to evaluate investment returns on proposed capital projects and acquisition/developments.
  • Perform ad-hoc financial analyses related to presentations for business development matters.
  • Synthesize research and findings into concise presentations.
  • Collect market data and conduct benchmarking analysis.
  • Support risk management functions and act as liaison for properties with Risk Management team and/or insurance brokers.
Qualifications
  • Bachelor's Degree preferably with a concentration in Real Estate, Finance, or Business-related degree (advanced degree preferred but not essential)
  • Minimum of 3-5 years of relevant experience at an asset management firm or other financial services organization
  • Strong analytical skills and quantitative skills and highly skilled in financial analysis
  • Understanding of accounting procedures and financial reports with ability to analyze variances
  • Proficiency with Microsoft Office suite, with proficiency in Excel
  • Able to read, analyze, and interpret complex business documents including leases, financial reports, and contracts
  • Demonstrated ability to identify errors, problems, and opportunities
  • Demonstrated problem solving, decision making, and continuous process improvement skills
  • Able to work proactively, independently and as a strategic partner in a team environment
  • Ability to effectively communicate and work with various departments within the Company
  • Effective presentation and communication skills, both verbal and written
  • Highly organized, detail-oriented, motivated, and able to multi-task effectively in a deadline driven environment while maintaining strict attention to detail
  • Some travel may be involved

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