Asset Manager - Multifamily Portfolio
Independence Realty Trust Inc. · Philadelphia, PA · 3 wk ago
HybridFinanceFull-time
Responsibilities
- Portfolio Performance & Strategy
- Identify and act on opportunities to increase revenue and decrease operating expenses across the portfolio.
- Develop and maintain in-depth market knowledge for each submarket within the region, including submarket trends, competitive set analysis, rent positioning, and new construction.
- Evaluate and implement value-add strategies, including unit renovation programs, amenity upgrades, and operational improvements.
- Continuously identify areas of opportunity to improve portfolio performance, efficiency, and competitive positioning.
- Oversee lease-up and stabilization strategy for value-add or newly delivered assets within the portfolio.
Reporting & Financial Analysis
- Run the annual budgeting process, including revenue projections, expense benchmarking, and capital expense planning.
- Identify root cause of actual performance compared to budget expectations.
- Review and track capital projects to ensure on-budget and on-schedule completion.
- Assist management in preparation for quarterly earnings calls and board meetings, including variance analysis and narrative commentary.
Operations & Property Management Collaboration
- Partner with on-site and regional property management teams to implement and continuously refine operational best practices.
- Participate in weekly revenue strategy calls, contributing market intelligence and portfolio-level perspectives and strategy.
- Participate in and/or lead biannual portfolio review meetings.
- Perform regular property site inspections across the region to assess physical condition, operations, and competitive positioning.
Acquisitions & Dispositions Support
- Assist with underwriting and due diligence for potential acquisitions.
- Support disposition processes including preparation of asset-level financial summaries and due diligence coordination with the transaction team.
Requirements
- Bachelor’s degree in Business, Finance, Real Estate, or a related field required; MBA or advanced degree a plus.
- Minimum 5 years of real estate asset management, valuation, or financial analysis experience; multifamily/conventional apartment experience strongly preferred.
- Relevant professional designations a plus (e.g., CFA, CPM, CCIM).
- Advanced proficiency in Microsoft Excel, including DCF/IRR modeling and scenario analysis.
- Experience with property management and asset management platforms required; Yardi, RealPage, or Entrata experience strongly preferred.
- Excellent written and verbal communication skills; able to present complex financial analysis clearly to leadership and stakeholders.
- Strong organizational skills with the ability to manage multiple assets and competing deadlines across a regional portfolio.
- Self-directed and proactive, with a demonstrated ability to identify problems and implement solutions with minimal supervision.
- Collaborative team player who works effectively with property management, accounting, and executive leadership teams.
Pay
- Competitive Compensation Package
- Bonus Opportunities
- Stock Awards
- Health Insurance (BCBS PPO)
- 401k with 4% match
Schedule
- Up to 30% travel, which may vary based on business needs.