Regional Asset Manager

Job Summary

The Regional Asset Manager is responsible for maximizing the financial performance and value of a portfolio of properties through strategic planning, operational oversight, and collaborative leadership.

While working closely with Regional Property Managers and onsite teams, this role focuses on long-term asset growth, portfolio-wide initiatives, and aligning property performance with company investment goals.

The Asset Manager serves as the primary liaison between property operations and executive leadership, ensuring that each property meets its operational, financial, and strategic objectives.

Responsibilities

• Portfolio Oversight & Performance Optimization
• Develop and execute strategic business plans for each asset to achieve financial targets and long-term value creation.
• Monitor and evaluate property performance metrics (occupancy, revenue, NOI, delinquency, and expenses) to identify trends, risks, and opportunities.
• Partner with Regional Property Managers to ensure operational excellence and compliance with company policies and investment objectives.
• Recommend and implement asset repositioning strategies, capital improvements, and operational enhancements to maximize value.
• Cook up with acquisitions, finance, and executive teams to assess property-level performance and support investment decision-making.
• Financial Management & Reporting
• Oversee preparation and review of monthly, quarterly, and annual financial statements for assigned assets.
• Conduct variance analysis against budget and provide recommendations for corrective action.
• Approve major property expenditures, capital projects, and budget adjustments in alignment with investment strategies.
• Collaborate with accounting to ensure accurate reporting, expense tracking, and cash flow forecasting.
• Provide executive leadership with regular portfolio performance updates and recommendations.
• Strategic Initiatives & Capital Planning
• Lead portfolio-wide initiatives to improve operational efficiency, customer satisfaction, and revenue generation.
• Develop and oversee multi-year capital improvement plans to enhance property appeal, competitiveness, and long-term value.
• Manage lender and investor reporting requirements, ensuring timely submission and compliance with loan covenants.
• Evaluate market conditions and competitive landscape to inform strategic planning and pricing strategies.
• Collaboration & Leadership
• Serve as the primary point of contact for Regional Property Managers, providing guidance, resources, and performance feedback.
• Collaborate with marketing, acquisitions, operations, and finance to ensure alignment of property operations with overall company strategy.
• Participate in leadership meetings to provide portfolio insights and contribute to company-wide strategic planning.
• Support Regional Managers in resolving escalated operational challenges and driving performance improvements.
• Compliance & Risk Management
• Ensure adherence to federal, state, and local laws, as well as company policies and investment requirements.
• Oversee risk management initiatives, including safety compliance, insurance requirements, and legal matters.
• Maintain thorough documentation of operational decisions, property performance, and asset-level plans for audit and compliance purposes.
• Budget and Expense Management
• Review and manage property-level and regional budgets to ensure alignment with company objectives.
• Conduct variance analyses to identify discrepancies between actual and projected financial performance, providing recommendations to address gaps.
• Conduct monthly budget reviews, identify variances, and implement corrective actions.
• Monitor and control operational and capital expenditures, ensuring all spending aligns with approved budgets.
• Partner with onsite managers and vendors to identify cost-saving opportunities without compromising service quality or operational efficiency.
• Negotiate vendor contracts and service agreements to achieve the best value for the company.
• Ensure all procurement activities adhere to company policies and optimize long-term financial outcomes.
• Ensure all financial activities comply with company policies and local, state, and federal regulations.
• Maintain accurate records for audits and reporting purposes, ensuring a strong financial foundation for all operations.
• Team Management & HR Oversight
• Lead the recruitment and onboarding of onsite managers and other key personnel.
• Collaborate with Human Resources to identify talent, conduct interviews, and ensure new hires align with Osprey Management’s values and operational goals.
• Review and approve payroll submissions for assigned properties, ensuring accuracy and timeliness.
• Address and resolve payroll discrepancies in collaboration with the HR and Accounting departments.
• Monitor and approve employee timecards, ensuring compliance with company policies and labor laws.
• Provide guidance to onsite teams to ensure accurate timekeeping practices.
• Provide feedback to ensure employees meet company standards and expectations.
• Ensure all hiring, payroll, and timekeeping activities comply with company policies and state and federal regulations.
• Collaboration with Other Departments
• Work closely with Marketing to ensure cohesive branding, marketing strategies, and property promotions.
• Partner with Accounting and Finance to review budgets, approve projects, manage expenses, and reconcile credit card transactions.
• Cook up with Operations for alignment on company policies, systems, and training initiatives.
• Collaborate with HR and Training to support ongoing development and onboarding of team members.
• Communicate effectively with all departments to align objectives, share updates, and resolve challenges.

Qualifications

• Minimum of 3 years of experience in commercial property management with a proven track record of success in managing large portfolios of commercial real estate properties.
• Extensive experience in property management, including leasing, tenant relations, rent collection, and maintenance.
• Demonstrated expertise in commercial real estate project management, with a portfolio of successful commercial projects.
• Strong familiarity with the self-storage and mobile home community sectors is highly recommended.
• Strong understanding of construction processes, building codes, regulations, and quality standards.
• Exceptional financial acumen and experience in financial analysis, budgeting, and investment evaluation.
• Outstanding communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
• Strategic mindset with strong analytical and problem-solving abilities to make informed decisions.
• Proficiency in property management software, project/workflow management software and Microsoft Office suite.
• Must be prepared to respond and participate in off-hour events and emergencies as needed.
• Must be willing to travel to properties within the assigned region.