Portfolio / Asset Manager (Multifamily Portfolio)

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Summary

The Portfolio / Asset Manager (Multifamily Portfolio) will:

Monitor a growing portfolio of multi-family properties located in the South Eastern United States and Report on and enhance property operations.

Client Details

Growing real estate in development firm bases in the greater Tampa area looking for a strong Portfolio / Asset Manager (Multifamily Portfolio) to join their growing team.

Description

The Portfolio / Asset Manager (Multifamily Portfolio) will

Essential Duties & Responsibilities:

* Under the direction of the leadership team, oversee the operations of the company's investment properties.

* Create, solicit input, then distribute quarterly performance reports to investors

* Review and monitor monthly operational reports and evaluate property performance:

• Summarize operations for review by principals
• Highlight property performance vs. goals
• For adverse issues Investigate issues by interacting with the management company Document explanation from management company Solicit plan(s) for remediation, including schedule, and build a consensus plan with management company and Document progress towards goal Highlight/expose patterns around adverse issues

* Maintain database of critical information for each deal (loan terms, ownership structure, required repairs, reserve balances, capital flow etc.) and track key items and dates

* Create and maintain investor return scenarios per asset in relation to distributions, refinancing, sale

* Create, implement, and maintain a communication policy for investors and partners involving direct interaction and social media

* Oversee our compliance with lender and insurance operational and deferred maintenance requirements

* Assist in deal closings including soliciting 3rd party reports, receiving and organizing reports and data, and related tasks

* Assist with organizing and back filling information on older transactions

* Research and understand driving forces in individual property markets, recognizing when trends might be working with or against our investments

* Provides support and analysis to our management partners with the goal of increasing profitability and reducing risk

* Identify partnerships that require Watchlist status and develop strategies to address all issues

* Travel once/6 months to each property for general observation of condition, meeting with property management staff, reinforcing performance goals

* Assist in maintaining and updating company's profile on social media

* Performs other duties and responsibilities as assigned

Profile

The Portfolio / Asset Manager (Multifamily Portfolio) will:

Knowledge of:

* Institutional asset management

* Advanced concepts, principles and practices of multi-family real estate/housing operations, including property inspections, property management and property maintenance

* Knowledge of real estate finance.

* Knowledge of institutional investment strategies and partnership structures

* Accounting principles.

Skill in:

* Strong analytical skills & financial acumen

* Use of MS Office products

* Document Management technology (currently Dropbox)

* Communication, both orally and written

* Follow-up to ensure resolution and completion of tasks

* Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheets

Educational/Previous Experience Requirements:

Bachelor's Degree (B.A.) in related field and a minimum of three (3) years of multi-family asset management experience

Job Offer

The Portfolio / Asset Manager (Multifamily Portfolio) will receive a strong base + bonus.