20/20 Foresight Executive Talent Solutions
Regional Director - Asset Management
20/20 Foresight Executive Talent Solutions, Chicago, Illinois, United States
Company
Our client is a growing Chicago-based real estate investment firm that owns and manages multifamily properties in select US markets. The company focuses on value-add opportunities and has acquired over 3,000 market-rate, mixed-income and affordable apartment units valued at more than $800 million. At the firm, you’ll work alongside a team of dedicated professionals committed to driving value, outperforming, and having fun while doing it.
The Regional Manager plays a critical leadership role within the organization, overseeing the operations, financial performance, compliance, and staffing of a diverse portfolio of 6–10 residential communities throughout the Midwest region. This portfolio includes both market-rate and affordable housing properties and consists of a blend of company-owned and third-party managed assets. Portfolio Operations and Performance Directly oversee daily operations across all properties, ensuring consistent, high-quality execution of leasing, maintenance, resident relations, and site administration. Monitor and drive key performance indicators such as occupancy, rent growth, resident retention, expense control, and net operating income (NOI). Conduct regular site visits to assess property conditions, identify areas for improvement, and provide on-site coaching to property managers and staff. Serve as the central operational resource for all on-site teams, providing hands-on support, direction, and follow-through. Develop and implement operational strategies tailored to both market-rate and affordable housing communities, recognizing the unique dynamics of each. For all third-party managed assets, serve as the primary liaison between the property owner and the management company. Host monthly virtual video calls via Microsoft Teams with each client, providing a comprehensive operational and financial overview of how their property is performing. Prepare customized reports and dashboards that highlight key financial results, operational updates, capital projects, and areas of concern. Compliance and Regulatory Oversight Take direct responsibility for ensuring compliance with all affordable housing program requirements, including LIHTC, Section 8, and other federal/state/local subsidy programs. Oversee the integrity of resident files, annual recertifications, move-in qualifications, and program reporting. Conduct periodic file audits and support site teams in meeting strict compliance deadlines and standards—there is no separate compliance department, so the Regional Manager is expected to lead this function. Financial Management and Reporting Lead the annual budgeting process for each property, working closely with ownership, accounting, and site managers to develop accurate and achievable budgets. Monitor financial performance monthly, analyze variances, and provide explanations and corrective actions where necessary. Ensure financial goals are met across the portfolio and recommend strategies to improve NOI, reduce delinquency, and increase operational efficiency. Utilize Excel for financial analysis, KPI tracking, and custom reporting. Strong command of formulas, pivot tables, and data interpretation is essential. Master the use of Yardi Voyager, including workflows, financial reports, and dashboards, to monitor portfolio health and operations in real time. Manage the full recruitment lifecycle for on-site staff, including drafting job ads, posting to job boards, reviewing resumes, conducting interviews, and managing offers/hiring. Provide ongoing coaching and feedback to team members, conduct formal performance reviews, and address performance issues proactively and professionally.
Minimum of 5 years of progressive residential property management experience, with at least 2 years in a regional or multi-site leadership role. Proven experience managing both market-rate and affordable housing communities, with hands-on knowledge of LIHTC and HUD compliance requirements. Strong proficiency in Yardi Voyager is required. Advanced Excel skills are non-negotiable—must be able to build and interpret models, analyze large datasets, and create dynamic reporting tools. Strong interpersonal and communication skills, including the ability to present financial and operational results to ownership groups. Bachelor’s degree in Real Estate, Business, Finance, or a related field preferred. Personal Skills & Attributes HR, compliance, or recruiting) in a larger company. Entrepreneurial, analytical, and highly motivated, with the ability to manage a wide range of tasks, teams, and responsibilities while maintaining sharp attention to detail and producing measurable results. Able to balance strategic leadership with a strong willingness to get into the weeds and do the work—whether that’s helping a manager solve a leasing issue, troubleshooting Yardi reports, walking a building during a site visit, or reviewing resident files for compliance. Ability to work independently while maintaining high-quality execution across all responsibilities.
Our client is a growing Chicago-based real estate investment firm that owns and manages multifamily properties in select US markets. The company focuses on value-add opportunities and has acquired over 3,000 market-rate, mixed-income and affordable apartment units valued at more than $800 million. At the firm, you’ll work alongside a team of dedicated professionals committed to driving value, outperforming, and having fun while doing it.
The Regional Manager plays a critical leadership role within the organization, overseeing the operations, financial performance, compliance, and staffing of a diverse portfolio of 6–10 residential communities throughout the Midwest region. This portfolio includes both market-rate and affordable housing properties and consists of a blend of company-owned and third-party managed assets. Portfolio Operations and Performance Directly oversee daily operations across all properties, ensuring consistent, high-quality execution of leasing, maintenance, resident relations, and site administration. Monitor and drive key performance indicators such as occupancy, rent growth, resident retention, expense control, and net operating income (NOI). Conduct regular site visits to assess property conditions, identify areas for improvement, and provide on-site coaching to property managers and staff. Serve as the central operational resource for all on-site teams, providing hands-on support, direction, and follow-through. Develop and implement operational strategies tailored to both market-rate and affordable housing communities, recognizing the unique dynamics of each. For all third-party managed assets, serve as the primary liaison between the property owner and the management company. Host monthly virtual video calls via Microsoft Teams with each client, providing a comprehensive operational and financial overview of how their property is performing. Prepare customized reports and dashboards that highlight key financial results, operational updates, capital projects, and areas of concern. Compliance and Regulatory Oversight Take direct responsibility for ensuring compliance with all affordable housing program requirements, including LIHTC, Section 8, and other federal/state/local subsidy programs. Oversee the integrity of resident files, annual recertifications, move-in qualifications, and program reporting. Conduct periodic file audits and support site teams in meeting strict compliance deadlines and standards—there is no separate compliance department, so the Regional Manager is expected to lead this function. Financial Management and Reporting Lead the annual budgeting process for each property, working closely with ownership, accounting, and site managers to develop accurate and achievable budgets. Monitor financial performance monthly, analyze variances, and provide explanations and corrective actions where necessary. Ensure financial goals are met across the portfolio and recommend strategies to improve NOI, reduce delinquency, and increase operational efficiency. Utilize Excel for financial analysis, KPI tracking, and custom reporting. Strong command of formulas, pivot tables, and data interpretation is essential. Master the use of Yardi Voyager, including workflows, financial reports, and dashboards, to monitor portfolio health and operations in real time. Manage the full recruitment lifecycle for on-site staff, including drafting job ads, posting to job boards, reviewing resumes, conducting interviews, and managing offers/hiring. Provide ongoing coaching and feedback to team members, conduct formal performance reviews, and address performance issues proactively and professionally.
Minimum of 5 years of progressive residential property management experience, with at least 2 years in a regional or multi-site leadership role. Proven experience managing both market-rate and affordable housing communities, with hands-on knowledge of LIHTC and HUD compliance requirements. Strong proficiency in Yardi Voyager is required. Advanced Excel skills are non-negotiable—must be able to build and interpret models, analyze large datasets, and create dynamic reporting tools. Strong interpersonal and communication skills, including the ability to present financial and operational results to ownership groups. Bachelor’s degree in Real Estate, Business, Finance, or a related field preferred. Personal Skills & Attributes HR, compliance, or recruiting) in a larger company. Entrepreneurial, analytical, and highly motivated, with the ability to manage a wide range of tasks, teams, and responsibilities while maintaining sharp attention to detail and producing measurable results. Able to balance strategic leadership with a strong willingness to get into the weeds and do the work—whether that’s helping a manager solve a leasing issue, troubleshooting Yardi reports, walking a building during a site visit, or reviewing resident files for compliance. Ability to work independently while maintaining high-quality execution across all responsibilities.