Preservation Portfolio Manager/Director

Essential Duties and Responsibilities

• Oversees operational performance of multifamily assets held in institutional investment partnerships, representing the interests of the limited partner investor.
• Serves as a fiduciary for the investor, ensuring decisions align with partnership agreements, investment strategy, and return objectives.
• Evaluates asset and fund performance relative to underwriting, operating budgets, and benchmarks, with a focus on operating cash flow and exit proceeds.
• Identifies value-add and risk-mitigation opportunities and develops strategies to enhance operating performance.
• Maintains productive and professional relationships with general partners while providing oversight and accountability.
• Reviews operating reports, budgets, capital plans, and variance explanations provided by partners.
• Conducts site inspections to assess physical condition, operational practices, and compliance.
• Led, coaches, and manages team members, setting goals and driving accountability.
• Reviews proposed deal modifications, refinancings, dispositions, or capital events and provides recommendations to senior leadership and the Investment Committee.
• Identifies and mitigates financial, operational, and compliance risks within the portfolio.
• Prepares and delivers portfolio performance reports to senior leadership and investors.
• Maintains accurate portfolio records within the RJAHI portfolio management system.
• Evaluates and refines portfolio operational policies and procedures.

Requirements

• Bachelor’s Degree (B.A.) in a related field and a minimum of five (5) years of relevant experience in institutional real estate investment or asset management.
• Supervisory and/or REIT experience preferred.