Asset Management, Director

TruAmerica Multifamily Asset Management, Director Full Time · $160,000 - $190,000 · Los Angeles, CA A six-time Great Place to Work-Certified™ company, most recently in 2026. About TruAmerica Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping, and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC), and is the youngest manager in the NMHC Top 50. Today, TruAmerica has over 60,000 units in 25 high-growth markets and approximately $16 billion of assets under management. Objective The role of the of Asset Manager, Director is responsible for overseeing the financial performance and business strategy of their assigned portfolio. This includes facilitating the due diligence process on renovation projects, partnering with development and property management on strategies to maximize occupancy stabilization, identifying and implementing behaviors to optimize operations and returns at the property and portfolio level. The Asset Manager is accountable for the strategic implementation of all initiatives detailed within the approved business plan and underwriting of the assigned portfolio of properties. This position will report to the Senior Director or Managing Director. Responsibilities Cross Functional Relationships and AccountabilityAbility to establish relationships across the organization; communicates to property management and to the equity partners to facilitate expectation clarity and portfolio optimization.Constantly communicates and strategizes with local property management group to proactively manage the revenue, expenses and resulting Net Operating Income (NOI) across assigned portfolio.Conducts routine site visits and inspections; discusses weekly leasing, occupancy, CapEx and/or renovations.Acts as the first point of contact with the debt and equity providers and investment principals. Monthly Reporting and Financial AnalysisWorking in concert with the TruAmerica Accounting team, and the property management accounting team to ensure all financials are delivered timely and accurately.Manages annual capital and operating budget associated with the overall business and approved changes to the original business plan.Complies with specific guidelines, budget due dates and reporting requirements.Analyzes and approves monthly operating statements - reports variances as compared to the budget; incorporating action plans if necessary; proactively managing cash flow, distributions, and lender requirements.Maintains compliance with the various investor/equity agreements; monitoring the asset performance; returns and recommends operational or financial strategies to optimize returns at the asset level.Proactively analyzes economic trends for each specific asset sub-market and forecasts trends that impacts the property in regard to long/short term disposition and exit strategy changes indicated by market info.Actively manages Tax Appeals, Loan Compliance, Replacement Reserve Analysis, Partnership Expenses, and Ancillary Income. Execution of the Business PlanWorking in concert with Acquisitions, assist with developing the business plans.Partners with the Construction Management department to plan, track, and execute on time and within budget.Maximizes income and minimizes expenses by addressing high level management turnover, resident satisfaction, reputation management, revenue management and key revenue-generating vendors.Creates and executes annual budgets for each asset with equity partner approval.Possess in-depth knowledge of the respective macro and micro markets in order to effectively communicate with investors the status, remain competitive, and maximize investment returns.Identify potential risks and variations from the business plans outlining effective mitigation items.Risk mitigation (Compliance associated with compliance/ price gouging/ varies between jurisdictions/ governmental and state guidelines/ restrictions). Qualifications Highly self-motivated, confident, and driven.Ability to work effectively in a dynamic environment.Strong intellect and strategic thinker with solid quantitative, financial and analytical skills.Exceptional interpersonal skills including the ability to develop strong relationships with colleagues, third party management and equity partners.Proven track record as a successful leader/manager.Skilled with spreadsheets and other business software such as Microsoft Excel & Word.Familiarity with Real Page and other industry standard software.Impeccable integrity, trustworthiness, and reputation within the real estate industry.Possess a positive, can-do attitude with a commitment to excellence and achieving goals.Work effectively independently and as a member of various teams.Enthusiastically support innovation by testing software, processes and organizational changes and providing feedback. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.Ability to sit for up to 10 hours per day.Ability to move freely around the office for up to 10 hours per day.Ability to communicate verbally and in writing. Compensation The base salary range for this role is $160,000 to $190,000. This position is also eligible for a discretionary bonus. Applications are accepted on an ongoing basis until the position is filled. Why You'll Love Working at TruAmerica TruAmerica Multifamily is a six-time Great Place to Work-Certified™ company, most recently in 2026, and we invest in our colleagues the same way we invest in our communities. Eligible colleagues receive a comprehensive benefits package, including:Medical, dental, and vision: TruAmerica covers 100% of the employee premium for base medical plans, and dental, vision, life insurance, long-term disability, and AD&D are 100% employer-paid. TruAmerica also contributes toward the cost of dependent coverage.401(k) retirement plan with a company match.Vacation, sick, and holidays: a vacation allowance that grows with tenure (up to 21 days), generous paid sick leave, and 10+ paid holidays, plus your birthday, cultural and ethnic observance days, and company-sponsored volunteer days.Pre-tax savings: Health and Dependent Care Flexible Spending Accounts (FSA/DCA).Plan flexibility: choice of a national Blue Cross Blue Shield PPO or HMO, plus regional plan options where available. Benefits described are representative of those offered to eligible full-time colleagues and may vary by position, location, and eligibility. This summary is general and does not create a contract or guarantee of any particular benefit. Equal Opportunity Employer TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, gender identity, national origin, age, disability, genetic information, pregnancy, veteran status, or any other characteristic protected by federal, state, or local laws.This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time. ADA / Reasonable Accommodation Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position. Work Authorization Applicants must be legally authorized to work in the United States. TruAmerica participates in employment eligibility verification as required by law. Conditional Offer / Background Check Any offer of employment is contingent upon the satisfactory completion of a background check and reference verification. Consistent with applicable Fair Chance and Ban-the-Box laws, TruAmerica will consider qualified applicants with criminal histories in a manner consistent with the law and will conduct an individualized assessment before withdrawing any conditional offer. At-Will Employment This job description is not a contract of employment and does not alter the at-will nature of employment with TruAmerica Multifamily. Employment may be terminated by either the employee or the company at any time, with or without cause or notice, to the extent permitted by law. TruAmerica reserves the right to modify the duties and responsibilities of this position at any time.