Asset Manager

ASSET MANAGER — DIVERSYFUNDLocation: San Diego, CA (In-Person, 5 Days/Week + Quarterly Travel)Compensation: $125,000 + Performance Bonus + EquityMission Level: High-Impact, Execution-Critical, Frontline LeadershipYOUR MISSION: PROTECT & ELEVATE A BILLION-DOLLAR PORTFOLIODiversyFund is not a traditional real estate shop — we are a fintech investment platform built to challenge the financial giants and unlock wealth for the everyday investor.Our Asset Manager sits at the center of the battlefield.You are:Guardian of the portfolioDriver of NOIProtector of investor capitalExecution engine behind our growth from $250M to billionsYou do not merely "monitor properties."You command performance, challenge assumptions, and create value using AI, data systems, deep financial acumen, and a relentless action orientation that reflects our core ethos:Speed. Precision. Accountability. Ownership.If you thrive in mission-driven environments, move fast, and can produce results with zero hand-holding — you belong here.THE ROLE: ASSET MANAGER (Multifamily Portfolio)You will oversee, optimize, and scale a growing multifamily real estate portfolio using a combination of:Institutional-grade financial oversightReal estate operations disciplineAI-enhanced analyticsHigh-accountability leadership of third-party property managersStrategic decision making around refinancing, dispositions, and value creationYour mandate is simple:Protect investor capital. Increase asset value. Accelerate NOI. Execute relentlessly.CORE RESPONSIBILITIES1. PORTFOLIO MANAGEMENT & VALUE CREATIONYou will assess, diagnose, and optimize portfolio health daily.Evaluate portfolio risk, capital needs, and long-term strategy.Recommend & execute refinances, dispositions, rate cap strategies, hedging, and capital events.Identify & drive value-add initiatives:Improved leasing systemsBulk internet programsRUBS optimizationInsurance & tax savingsOperational efficienciesUse AI dashboards to detect micro-trends early (occupancy swings, delinquency shifts, leasing velocity, reno ROI patterns).Monitor weekly, monthly, and quarterly KPI trends.Your goal: Increase NOI, cash flow, and overall asset valuation.2. PROPERTY MANAGEMENT OVERSIGHT (HIGH ACCOUNTABILITY)You will be the executive leader to our third-party PMs — not their administrator.Conduct weekly performance calls for each asset; set expectations and drive accountability.Review PM contracts, coordinate replacements when needed, and build relationships with top regional executives.Create and continuously improve a standardized PM reporting system for operations, leasing, turns, collections, and capex.Conduct quarterly max site visits; more frequently only for underperforming assets.Track all operating KPIs:OccupancyNOICash flowNew leases & renewalsDelinquenciesTurnaround timelinesRent growthWork order efficiencyYour mandate: Ensure PMs execute the business plan with precision and speed.3. FINANCIAL STATEMENT ANALYSIS & PERFORMANCE OPTIMIZATIONYou are the financial lens through which the entire portfolio is evaluated.Ensure PM delivers monthly financial packages by the 20th.Review financials for variance >5% and identify root causes.Reclassify expenses appropriately (above/below the line).Track payables, collections, and aging balances.Validate capital contributions & reconcile property-level cap tables with internal finance.Confirm accurate booking of acquisitions, loan closing costs, and refinance entries.Your goal: Zero surprises. Zero inaccuracies. Zero delays.4. ASSET REPORTING & INVESTOR COMMUNICATIONYou will deliver performance clarity to internal stakeholders and investors.Prepare detailed quarterly investor reports (market conditions, operational performance, renovation updates).Maintain internal cap tables and performance dashboards.For LP positions, review sponsor reports for accuracy, distributions, and risk.Outcome: Transparent, precise, timely reporting that instills investor confidence.5. LENDER RELATIONS, COVENANT COMPLIANCE & REFINANCE STRATEGYYou will be the primary point of contact for all lender interactions.Provide required weekly/monthly reporting.Track all loan covenants and alert leadership to any breaches.Manage lender calls; present performance context and turnaround strategies.Prepare capex and interest reserve draw requests.Work with brokers to identify optimal refinance opportunities.Secure and oversee rate caps.Validate loan statements and lockbox allocations.Your role: Maintain lender trust and capitalize on market timing.6. VENDOR & CONSTRUCTION/RENO MANAGEMENTYou will ensure vendors deliver quality, competitive pricing, and timely results.Hire, oversee, and evaluate non-PM vendors (tax appeals, cost seg, bulk internet, etc.).Do not allow invoice mismanagement; ensure all billing flows through PM for clean books.Oversee renovation progress with PM and construction manager.Validate rent premiums achieved vs. original underwriting; adjust scope when needed.Outcome: On-budget, on-time execution with clear ROI.7. ACQUISITION DUE DILIGENCE & DISPOSITION SUPPORTSupport expansions and exits with institutional rigor.For Acquisitions:Perform site visits with PM candidates.Review environmental, PCA, lease audits, vendor contracts, utility bills.Prepare renovation plans and underwriting assumptions for value-add programs.Join lender calls to outline asset management strategy.For Dispositions:Track local market comps and provide quarterly FMV estimates.Identify top brokers, conduct interviews, and obtain BOVs.Support disposition strategy with operational data and underwriting inputs.WHO YOU ARE (VALUES & TRAITS)The right person will embody DiversyFund's ethos:Relentless Execution:You move fast, close loops, and activate solutions immediately.Ownership:You treat every property like your own money is invested.Warrior Mentality:Pressure doesn't crack you — it sharpens you.Data + AI Driven:You leverage systems, dashboards, and technology to amplify insight and speed.Decisive:You make clear, timely decisions without waiting for perfect information.Mission-Focused:You believe in expanding access to private markets and protecting everyday investors from theQUALIFICATIONS5+ years of multifamily asset management or portfolio management experienceProven ability to increase NOI, cash flow, and asset valueStrong financial modeling and variance analysis skillsExperience managing third-party PMs with high accountability standardsUnderstanding of construction, renovations, and capital expenditure planningLender communication and refinance experienceKnowledge of loan covenants, DSCR, reserves, and loan operationsAI tools familiarity (BI dashboards, financial models, predictive analytics) is a major plusIn-person leadership presence required (San Diego HQ)WHY THIS ROLE MATTERSBecause our investors trust us with their futures.Your work directly impacts:Their ability to build generational wealthThe performance of our fundsOur trajectory toward becoming a multi-billion-dollar platformOur fight against the financial establishmentThis is not a maintenance role — it's a high-performance, high-impact leadership seat.If you thrive in fast-moving environments, hold yourself to elite standards, and want to build something monumental with a team that shares your fire…