Director of Asset Management (Multifamily)

Director of Asset Management (Multifamily)

Join to apply for the Director of Asset Management (Multifamily) role at Bisnow

Director of Asset Management (Multifamily)

1 day ago Be among the first 25 applicants

Join to apply for the Director of Asset Management (Multifamily) role at Bisnow

This range is provided by Bisnow. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$150,000.00/yr - $175,000.00/yr

Our SelectLeader's client is a boutique real estate private equity investment fund manager. They focus on value-add acquisitions (properties valued between $5 Million and $50 Million) throughout the United States.
Since 2019, they have acquired and or sold $700 Million worth of multi-family residential, industrial warehouses, and other commercial properties. It is a team of hard-working real estate professionals passionate about creating a community of investors through thoughtful and transparent investments.
Under the direction of the CEO & CFO, this person will be in a key role for the company and will be responsible for overseeing asset management for the multifamily portfolio.
This is a small company, so the expertise you bring will have a huge impact on our evolution, especially as we grow our investor base with future funds. If you enjoy working in a small, growing environment, this role is for you!
Job Responsibilities

• Portfolio Oversight: Proactively lead the strategic and operational management of the multifamily portfolio, ensuring assets meet or exceed financial performance targets
• Financial Analysis & Reporting: Monitor property-level financials prepared by property managers. Recommend strategies for revenue growth and expense control
• Strategic Planning: Hold joint venture partner asset management accountable to meet the business plans for each asset, including capital improvements, leasing strategies, and repositioning opportunities. Advise senior leadership on needed changes to the business plan as a response to micro and macro-economic changes.
• Performance Monitoring: Conduct regular property visits, review KPIs, and track operational benchmarks
• Market Analysis: Stay informed on market trends, rental rates, occupancy, and competitive positioning to inform asset strategy
• Capital Projects Oversight: Collaborate with property management teams and joint venture partners to plan, budget, and execute capital improvement initiatives
• Stakeholder Communication: Prepare and present performance reports on a monthly basis to ownership, investors, and senior leadership,
• Team Leadership: Be a strong leader who can position the multifamily portfolio to maximize returns
  
  

Qualifications

• Bachelor’s degree in real estate, Finance, Administration, or related field
• 8-10+ year’s experience in accounting/finance, asset management, or property management
• Proven track record in maximizing asset value and driving NOI growth in multifamily properties
• Analytical thinker with the ability to translate data into actionable strategies, and execute on said strategies
• Ability to travel regularly to property sites (quarterly visits to property sites, 50% in Wisconsin/Minnesota, 50% remaining states).
• Ability to manage multiple priorities at once, to shift directions multiple times throughout the day, creative problem solving and a high sense of urgency are critical to success
• Strong financial budgeting and forecasting abilities
• Real Estate industry experience required
• Additional duties as assigned by management
• Comprehensive understanding of Microsoft Excel and other computer software
  
  

Benefits

• 401(k) with partial Employer match
• Health insurance – premiums covered by Employer
• HSA Account – partially paid by Employer
• Dental insurance – covered by the Employer
• Life insurance – covered by the Employer
• Disability insurance - covered by the Employer
• Paid Time Off and Sick Time Off
  

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Online Media

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