Asset Manager @ Grand Peaks Property

Real Estate (2)
,

Real Estate (2)

The primary job responsibility is to support the Senior Asset Management team in optimizing, tracking and reporting portfolio performance, executing acquisition business plans, and maintaining ongoing investor relations.

Additional responsibilities include but are not limited to:

Audit property level contracts and operating data to identify new revenue sources and efficiencies
Create, maintain, and implement proprietary company Asset Management tools and templates
Primary oversight and management of external management, vendors and service providers, ensuring adherence to business plan and budget expectations
Facilitate and lead regional property performance calls; provide feedback, directives and guidance for rent and occupancy targets, expense management and capital spend in accordance with the business plan
Produce debt and equity investment summary reports
Prepare and execute conveyance of property and portfolio performance to internal and external ownership partners and lenders
Travel locally and nationally to various markets as needed (est. 25%) to execute operational site visits to assess operational and financial performance relative to the business plan and to perform physical property inspections
Produce property and entity level monthly tracking reports and performance summaries
Contribute to and maintain monthly cashflow forecasting and asset valuations
Manage internal software dashboard and asset lifecycle conveyance
Facilitate cash flow distributions including maintaining waterfalls and preferred return schedules
Collaborate with Property Management team on annual budgeting
Facilitate obtaining lender and investor approvals for various business activities
Assist with existing property recapitalizations
Ongoing loan compliance and lender reporting as assigned
Prepare and update internal valuation models and memos as assigned
Communicate with investors, brokers, vendors, and onsite personnel as needed
Ad hoc analysis as needed and other duties as assigned
25% Travel requirements as needed for regular site visits within the South Florida region, site visitation expectations are monthly at minimum, expected travel to corporate HQ quarterly at minimum

Qualifications:

Practical experience required with five (5) to ten (10) years of work experience in a multifamily asset management role
Understanding of industry standard real estate terms and concepts (i.e. cap rate, NOI, IRR, etc.) and accounting statements (P&L, Balance Sheet, etc)
Highly analytical with advanced skills in MS Office, particularly Microsoft Excel, Entrata & Yardi product suite, Appfolio, Juniper Square, CoStar; strong written and verbal communication skills, and ability to work independently
Location specific: Southeast Florida or Miami
BA / BS degree – majors in finance, real estate, economics, or STEM

Salary:

$160,000 - $200,000, commensurate with experience + bonuses

Benefits:

Medical, dental and vision insurance, including flexible spending accounts
Life, accidental death and dismemberment, short-term disability and long-term disability insurance available
Employee Assistant Program
401(k) Retirement Plan (pre-tax and Roth) options available
18 days per year of PTO, total increases with years of service
Housing discount available at any one of our properties
8 paid holidays annually
Tuition Reimbursement for continuing education

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