Asset Manager

Job Function

The Asset Manager is responsible for the overall performance of a portfolio of residential assets with the purpose of creating asset value through execution of an investment strategy on a short, intermediate and long-term basis. This position has responsibility for the execution of the investment strategy, re-evaluated annually. Throughout the year, the Asset Manager is responsible for monitoring the performance of each asset to ensure annual goals and overall strategy are achieved and that the assets are properly operating and positioned in the market.

PR/IP Responsibilities

• Develop annual asset business plans and operating/capital budgets to achieve investment strategies
• Justify economically and qualitatively the appropriateness of maintenance/capital expenditures
• Recommend higher utilization of assets and methods to increase overall return, including possible sales
• Prepare accurate financial valuations and market/accounting analyses to support business plans and budgets
• Ensure accurate monthly financial reporting and other accounting information on managed assets including payments made/received, and analyze variances with annual budgets
• Select, direct, and evaluate property managers, leasing agents and other third-party service providers to achieve goals established in the investment strategy
• Maintain a reliable asset-level information system as it relates to the central filing system, various contracts, management reports, analyses and other documents or materials pertaining to the asset
• Quickly resolve day-to-day management problems
• Prepare financial analyses and property valuations, including cash flow modeling, and prepare effective presentations for the executive team and potential clients
• Prior to any acquisitions of new or related party transfers, determine the effort and structure of property management necessary in coordination with related parties or others involved in the transaction
• Support in monitoring NOI performance, capital projects and various other responsibilities

Qualifications

• Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy
• Bachelor’s degree in economics, accounting, finance, or related field; MRED/MBA strongly preferred
• 5+ years experience as an Asset Manager of residential properties strongly preferred
• Fundamental understanding of real estate finance, economics, market analysis accounting principles
• Ability to select and manage the activities of internal resources and third-party service providers
• Ability to make effective decisions in response to changes in real estate markets
• Strong analytical skills and grasp of time-value-of-money concepts
• Sound understanding of relevant real estate accounting and legal documentation
• Excellent verbal and written communication skills, including negotiation and facilitation of group presentations
• Strong work ethic, an entrepreneurial spirit; passion for excellence and desire to learn
• Ability to prioritize assignments to meet numerous deadlines
• Strong knowledge of principles and processes for providing customer and personal services, including assessment of customer needs, meeting quality standards for services, and evaluation of customer satisfaction
• Superb interpersonal skills, including the ability to quickly build rapport with both internal and external customers
• Innovation and problem-solving skills that include the ability to develop and propose solutions for clients

About Us

Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord’s work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings— giving Church members places to worship, teach, learn, and receive sacred ordinances—our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.

Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law. Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church.

The Church will make reasonable accommodations for qualified individuals with known disabilities.