Senior Asset Manager, Multifamily

1 week ago

Newport Beach, United States Andrews & Cole, LLC Full time

Andrews & Cole is currently partnering with a well-established real estate company in Newport Beach that is looking for a Senior Manager, Asset Management to add to the Multifamily Asset Management team. The role requires current multifamily asset management experience with a portfolio of large market-rate properties. The Sr. Asset Manager will report to the Director of Asset Management and work a hybrid schedule (Monday and Friday remote, Tuesday through Thursday onsite). This is an exceptional opportunity to join a dynamic and high-performing team



RESPONSIBILITIES:

  • Working cross-functionally within the organization on the development, creation, and approval of property-level business plans and annual budgets
  • Reviewing monthly financial and operating reports to measure property and portfolio performance against budgets and business plans
  • Leading monthly financial reviews with Property Management to communicate areas of concern/opportunities and coordinate action items to ensure operational goals (NOI growth, occupancy targets, capital projects, etc.) are being met or exceeded
  • Preparing and presenting monthly, quarterly, and annual reporting related to property and portfolio performance to budget, internal and external benchmarks, and established goals
  • Monitoring and analyzing market and economic conditions along with capital trends and factors impacting the performance of the assigned portfolio
  • Working with 3rd Party Management to ensure operations are by strategic business plan/budget and provide guidance consistent with company standards and objectives
  • Performing property visits in the assigned portfolio to evaluate building presentation, capital project/development progress, market comparables, and submarket climate
  • Working with the Director of Asset Management in the administration and implementation of new processes, key performance metrics, reporting, and presentations to internal stakeholders and senior leadership
  • Leading or assisting in the due diligence and underwriting of potential acquisitions, repositions, dispositions, and developments
  • Assisting with the management, training, and development of the Asset Management Analysts
  • Preparing and presenting various ad hoc analyses as needed



QUALIFICATIONS:

  • Bachelor’s degree preferably in business-real estate, economics, finance, or accounting
  • Five or more years of experience in a similar role in multi-family real estate, specifically asset management of large market-rate properties.
  • Advanced knowledge of Microsoft Excel (VBA is a plus but not required)
  • Working knowledge of Microsoft Word, PowerPoint, and Power BI
  • Highly analytical, technologically savvy, with strong problem-solving skills
  • RealPage/Intacct accounting system experience is not required but is a plus


For immediate consideration please email your resume to rdesantiago@andrewscole.com.

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