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Asset Manager

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Pittsburgh
 PA
Postal Code
15017
Country
United States

This job is no longer active.

Description


The Asset Manager will be part of a growing and dynamic team responsible for managing a portfolio of assets, formulating and executing asset management strategies, and collaborating on acquisitions and dispositions within the portfolio. The ideal candidate will be a confident, dynamic and sophisticated investment professional with a thorough understanding of institutional real estate, with student housing/multi-family experience and a demonstrated track record of value creation. Additionally, the Asset Manager will be responsible for leading a cross-functional team in a matrixed environment. Ideal location: Open to discuss.

Responsibilities:

The Asset Manager would be fully responsible for the performance of the assigned assets with the goal of enhancing value and maximizing returns.  Responsibilities would include:

  • Develop, present, and execute comprehensive annual business plans and budgets for each asset.
  • Work in partnership with acquisition team on underwriting and due diligence efforts for new investment opportunities.
  • Manage takeover of new assets, ensuring smooth and successful transition into the portfolio.
  • Develop and communicate strategic recommendations regarding optimal exit strategies; coordinate and execute successful asset dispositions.
  • Become the local expert in each market where properties are assigned, with a focus on knowing competitive assets, the development pipeline, and other economic drivers that could impact asset performance.
  • Liaise with internal and third-party resources (such as property managers, construction managers, leasing agents, etc.) to ensure successful implementation of business strategies and business plans.
  • Review financial reporting and variance analysis, coordinating with property management and accounting personnel to ensure that financial statements are accurately presented.
  • Assist in the preparation and approval process of property operating and capital budgets.
  • Perform asset-level valuation reviews as needed, including gathering market data, reviewing property performance and measuring each asset against its budgets and goals.
  • Visit all properties within the portfolio on a regular basis to ensure assets are being operated per approved business plans and budgets.
  • Assist with documenting and updating relevant policies, processes, and procedures.
  • Complete all work in an ethical, fair, and consistent manner.
  • Perform other duties as assigned. 

Education

  • Bachelor’s degree required; MBA, MS Finance or advanced degree in real estate preferred.

Job Requirements

  • 3 to 5 years’ experience asset managing geographically dispersed Class A and B properties in student housing and/or multi-family required.
  • 2 to 3 years’ experience with value-add and redevelopment projects.
  • Thorough understanding of financial statements and reporting with exposure to institutional investment.
  • A strong expertise with cash flow modeling, IRRs, and NPVs is required. Familiarity with RealPage and ARGUS is a plus.
  • Detailed understanding of the due diligence process; experience in real estate acquisitions is a plus.
  • Strong interpersonal skills with a demonstrated ability to lead internal and external business partners, consultants, and clients.
  • Effectively and professionally communicate complex issues both verbally and in writing to senior management.
  • Highly self-motivated, confident and driven.
  • Strong intellect and strategic thinker with solid quantitative, financial and analytical skills.
  • Proven ability to work effectively in an entrepreneurial environment.
  • Travel including overnight stays 
 

Job Sector


 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management Residential Pittsburgh Full Time PA Asset Management, Portfolio Management DIRECTOR OF ASSET MANAGEMENT other