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.