Asset Manager

About the Role

The Asset Manager oversees the investment lifecycle of a portfolio of LIHTC multifamily assets. This includes monitoring the original investment plan, communicating about performance, and reforecasting when assets have strayed from the investment plan.

Responsibilities

• Develop and execute strategies to drive revenue growth across the portfolio
• Determine effectiveness of expense-controlling and revenue-enhancing initiatives, and implement accordingly
• Establish review processes to analyze financial performance against budgets
• Conduct quarterly property visits to assess onsite performance/operations, curb appeal, and ensure Elmington standards are met
• Forecast asset performance by conducting ongoing evaluation of cash flow to maximize annual distributions to investors
• Analyze portfolio trends and external market trends impacting asset performance
• Track assets' performance through various reporting methods shared with stakeholders
• Conduct audits to ensure the portfolio is compliant with all applicable regulations
• Work closely with the development team during underwriting and due diligence efforts
• Work closely with property management team, and all lines of business across Elmington

Requirements

• Exceptional verbal and written communication skills to liaise effectively with team members and leadership
• Outstanding organizational skills to manage multiple priorities, tasks, and deadlines efficiently
• Financial management and analysis skills
• Knowledge of capital improvement and renovations
• Business acumen
• Communication proficiency
• Ethical conduct
• Relationship management

Qualifications

• Bachelor's degree in a related field
• 2 - 5 years' experience in asset management, real estate analytics, or similar industry (preferred but not required)

Physical Demands and Work Environment

• Frequently sit, stand, and walk
• Regularly required to talk or hear
• Frequently required to use hands or fingers to handle or feel objects, tools, or controls
• Occasionally required to climb or balance, stoop, kneel, crouch, or crawl
• Occasionally lift and/or move up to 25 pounds
• Vision abilities to include close vision, distance vision, peripheral vision, and the ability to adjust focus
• The noise level in the work environment is usually moderate
• Temperature in the workplace is typically moderate, though the ability to withstand seasonal cold and heat of the outdoors is necessary

Travel Requirements

Travel up to 25% of the time.