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Asset Portfolio Strategist
2 weeks ago
Job Description: As a key member of the Tricon Residential Asset Management team, the Manager in this role plays a crucial role in optimizing the single-family rental home portfolio. Key responsibilities include collaborating with constituents to identify and execute strategies, reviewing the dispositions workflow, evaluating SFR portfolio deals, overseeing the SFR disposition pipeline, reporting on KPIs, managing hold/sell decisions, monitoring market fundamentals, and executing departmental needs.
- Key Responsibilities:
- Work closely with asset managers to maximize portfolio return through analysis of property fundamentals and identifying opportunities for improved performance.
- Monitor market trends in asset values, supply/demand fundamentals, and operating costs to identify disposition opportunities.
- Review weekly, monthly, and quarterly reports to identify opportunities to improve performance.
- Oversee execution of SFR portfolio sales totaling 100+ homes per transaction, including buyer due diligence management, analyzing values, contract critical dates, coordinating property inspections, broker management, resident coordination, title and exception review, and escrow/title close out.
- Collaborate with the financing team and transaction coordinators to facilitate loan payoffs and work with external servicers.
- Negotiate and resolve title liens and other related violations to convey clear title on homes being sold.
- Analyze portfolio performance to make hold/sell recommendations and monitor the pipeline of properties marked for sale/disposition.
- Lead initiatives in a collaborative manner with other departments within the organization.
- Liaise with third-party vendors and external brokers to monitor/track Tricon's disposition pipeline and overall execution of the disposition strategy.
- Regularly review and analyze property valuations, rental rates, make-ready scopes, and capex costs.
- Produce, assist, review, and analyze detailed financials on a weekly/monthly/quarterly basis for each market/community, including a comparison to budget and market indices.
- Participate in the drafting and implementation of strategic business plans, including quarterly portfolio valuations.
- Interface with Tricon's accounting, corporate finance, and investor relations groups to address owner/investor inquiries and provide property highlights.
Requirements:
- Requirements:
- 3-5 years of commercial real estate, multi-family, or single-family financial analysis, and/or asset management experience.
- BA/BS degree in finance, real estate, or related field with a strong record of academic achievement.
- Ability to analyze and make strategy decisions based on location, value, size, historical performance, future cash flows, and capex spend.
- Experience managing large transactions and moving complicated deals to closing.
- Understanding of real estate valuation methods and analysis metrics used to measure success and identify risks.
- Strong understanding of real estate transactions and management of external brokers.
- Ability to work with a closing team, including external escrow/title companies, to manage a high volume of closings.
- Exceptional analytical skills to identify data outliers that lead to process improvement.
- Knowledge of real estate accounting and financial statement analysis.
- Advanced knowledge of MS Windows, Excel, and Word, Yardi experience a plus.
- Must possess the ability to work well within a team environment and be highly organized.
- Must be able to prioritize multiple concurrent projects and independently identify and solve key business problems.
- Comfortable creating financial analyses and PowerPoint presentations to support findings and recommendations.
- Demonstrate and support the organization's ethics and values and foster teamwork.
- Excellent communication skills, both written and verbal.
- Ability to work well in a fast-paced, dynamic environment and flexibility to adapt to changing priorities.
Salary Range:
$105,330.00 - $175,550.00