Berkshire
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VP, Debt Portfolio Management
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Berkshire Get AI-powered advice on this job and more exclusive features. Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary
The VP, Debt Portfolio Manager will be responsible for the oversight and performance of a portfolio of value-add multifamily real estate assets located in multiple markets across the United States. The position will be accountable for providing input into the development and oversight of property level business plans. This will include budget reviews and approvals, business plan status reviews, recommendations of major capital renovations, leasing and disposition strategies, and property level financings. This position will work collaboratively with all facets of the Company including members of Portfolio Management, Accounting, Property Management, Investments, Capital Markets, Valuation, Research, and Legal teams. Responsibilities
Review property level business plans for the existing portfolio, providing input on the strategy and overseeing the execution of the plans to optimize investment performance. Assist in developing business plans for new assets to the portfolio. Participate in discussions with the Asset Managers responsible for each property to ensure execution of the business plan. Ensure asset level decisions (rent pricing, property budgets, renovation scope, capital expenditures, etc.) align with the Fund’s goals and pivot as necessary. Perform portfolio-level reviews, including: Comprehensive detail on the status of each asset in the portfolio. Tracking ROI in real-time on capital expenditures and adjusting as needed to achieve the Funds’ goals. Quarterly sell/hold analysis based on current valuation of each property. Execute financing strategy for each asset; utilize Debt Capital Markets where necessary. Compare current and trailing performance to prior period reporting and underwriting to analyze negative trends. Develop strong working relationships with all team members including JV Partners (asset management and leadership). Review and make recommendations on capital expenditure investments, financing, exit strategies, etc. Manage the quarterly Portfolio Review with senior leadership, including preparation of materials and updates for each asset. Visit markets and properties to validate and finalize business plan assumptions, monitor property operations, and identify opportunities to improve operations. Stay informed on market sentiment and work with Berkshire's Research and Equity Investment and Asset Management teams to stay abreast of viewpoints and actions for each market. Make recommendations to Portfolio Management for cash management, capital calls, and distributions. Manage and develop staff, as applicable. Demonstrate tact and discretion in all interactions. Knowledge/Experience
At least ten (10) years of experience in portfolio management, acquisitions or asset management, with portfolio manager experience preferred. A seasoned real estate professional with comprehensive knowledge of the residential sector. Excellent understanding of all aspects of the value creation process including financing, rehabilitation, property management, market research, investment analysis and property disposition. Superior interpersonal, leadership and management skills. Ability to perform, review and direct team in the proper analysis needed, including new analyses. Ability to identify problems early and solve them effectively. Ability to develop and maintain effective internal and external relationships with a range of individuals. Ability to set direction with input from multiple sources while managing multiple, changing priorities. Ability to assess and quantify risk. Strong organizational, prioritization and problem-solving skills. Demonstrated multi-modal communication style that reaches every stakeholder, including excellent verbal and written communications. Collaborative working style with inclusive behaviors and a strong work ethic. Proficiency with new systems and processes; emotional intelligence in high-pressure situations. Tenacity, patience and perseverance to bring business deals from start to finish; maintain confidentiality of sensitive information. Develop productive working relationships with all team members including internal clients and external third parties. Technical/Educational Requirements
An MBA, Master's, or Bachelor's degree in a relevant area is preferred. Strong computer skills; experience with Excel, Word, and PowerPoint; experience with Yardi and/or Argus a plus. Proficiency in Microsoft Office Suite (Word, Outlook, Excel, Teams, PowerPoint). Benefits and Equal Opportunity
Berkshire Residential offers an excellent benefits package focusing on total health and wellness, including programs that promote physical, mental, financial, and behavioral wellbeing. Berkshire values diversity, equity, inclusion and belonging and is committed to equal opportunity in all practices. Employment decisions are made without regard to race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
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VP, Debt Portfolio Management
role at
Berkshire Get AI-powered advice on this job and more exclusive features. Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary
The VP, Debt Portfolio Manager will be responsible for the oversight and performance of a portfolio of value-add multifamily real estate assets located in multiple markets across the United States. The position will be accountable for providing input into the development and oversight of property level business plans. This will include budget reviews and approvals, business plan status reviews, recommendations of major capital renovations, leasing and disposition strategies, and property level financings. This position will work collaboratively with all facets of the Company including members of Portfolio Management, Accounting, Property Management, Investments, Capital Markets, Valuation, Research, and Legal teams. Responsibilities
Review property level business plans for the existing portfolio, providing input on the strategy and overseeing the execution of the plans to optimize investment performance. Assist in developing business plans for new assets to the portfolio. Participate in discussions with the Asset Managers responsible for each property to ensure execution of the business plan. Ensure asset level decisions (rent pricing, property budgets, renovation scope, capital expenditures, etc.) align with the Fund’s goals and pivot as necessary. Perform portfolio-level reviews, including: Comprehensive detail on the status of each asset in the portfolio. Tracking ROI in real-time on capital expenditures and adjusting as needed to achieve the Funds’ goals. Quarterly sell/hold analysis based on current valuation of each property. Execute financing strategy for each asset; utilize Debt Capital Markets where necessary. Compare current and trailing performance to prior period reporting and underwriting to analyze negative trends. Develop strong working relationships with all team members including JV Partners (asset management and leadership). Review and make recommendations on capital expenditure investments, financing, exit strategies, etc. Manage the quarterly Portfolio Review with senior leadership, including preparation of materials and updates for each asset. Visit markets and properties to validate and finalize business plan assumptions, monitor property operations, and identify opportunities to improve operations. Stay informed on market sentiment and work with Berkshire's Research and Equity Investment and Asset Management teams to stay abreast of viewpoints and actions for each market. Make recommendations to Portfolio Management for cash management, capital calls, and distributions. Manage and develop staff, as applicable. Demonstrate tact and discretion in all interactions. Knowledge/Experience
At least ten (10) years of experience in portfolio management, acquisitions or asset management, with portfolio manager experience preferred. A seasoned real estate professional with comprehensive knowledge of the residential sector. Excellent understanding of all aspects of the value creation process including financing, rehabilitation, property management, market research, investment analysis and property disposition. Superior interpersonal, leadership and management skills. Ability to perform, review and direct team in the proper analysis needed, including new analyses. Ability to identify problems early and solve them effectively. Ability to develop and maintain effective internal and external relationships with a range of individuals. Ability to set direction with input from multiple sources while managing multiple, changing priorities. Ability to assess and quantify risk. Strong organizational, prioritization and problem-solving skills. Demonstrated multi-modal communication style that reaches every stakeholder, including excellent verbal and written communications. Collaborative working style with inclusive behaviors and a strong work ethic. Proficiency with new systems and processes; emotional intelligence in high-pressure situations. Tenacity, patience and perseverance to bring business deals from start to finish; maintain confidentiality of sensitive information. Develop productive working relationships with all team members including internal clients and external third parties. Technical/Educational Requirements
An MBA, Master's, or Bachelor's degree in a relevant area is preferred. Strong computer skills; experience with Excel, Word, and PowerPoint; experience with Yardi and/or Argus a plus. Proficiency in Microsoft Office Suite (Word, Outlook, Excel, Teams, PowerPoint). Benefits and Equal Opportunity
Berkshire Residential offers an excellent benefits package focusing on total health and wellness, including programs that promote physical, mental, financial, and behavioral wellbeing. Berkshire values diversity, equity, inclusion and belonging and is committed to equal opportunity in all practices. Employment decisions are made without regard to race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
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