Berkshire Farm Center & Services for Youth
AVP, Portfolio Management
Berkshire Farm Center & Services for Youth, Boston, Massachusetts, us, 02298
Company Overview
Berkshire Residential Investments is a people-first real estate investment company that values both the impact we make and the time we spend together in our high-performing teams. We value individual skills and perspectives 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 AVP, Portfolio Management will assist the Portfolio Manager(s) in overseeing their respective portfolios on behalf of Berkshire.
Responsibilities
Annual Portfolio Business Plan, which includes long-term and tactical strategies
Investment selection for portfolio
Investment management and disposition strategy
Client relationship management and communication
Cash management – capital calls / distributions
Financing strategy for portfolio and properties
Internal / Investor reporting and meetings
Provide analytical support as requested by Portfolio Manager(s)
Work with client directly and with client’s consultants, including tax, if necessary
Prepare Annual Property Business Plans, with oversight by Portfolio Manager
Work with Portfolio Manager on impact of tactical changes to Property and Portfolio Business Plans on projected performance as per Portfolio Model
Monitor, oversee and report on Property Management’s execution of business plans
Prepare monthly and quarterly performance reports for management and investors with approval by Portfolio Manager
Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues in order to improve operations
Benchmark property performance against industry and peers
Budget review, oversight, and analysis
Stay abreast of relative market information for all markets related to the portfolio. Work closely with Berkshire’s Research team to stay abreast of their viewpoint and recommended course of action for each market they cover
Work with Portfolio Valuation & Analytics Group in quarterly property valuations
Consistently demonstrate use of tact and discretion
Knowledge / Experience
At least seven (7) years of experience in the real estate industry
Previous experience in portfolio management preferred, asset management or acquisitions
Ability to identify problems early and solve them effectively with minimal assistance
Experience with multifamily value creation opportunities and the ability to act on them through others
Ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Portfolio Valuation and Analytics, Property Management and Acquisitions and Dispositions
Ability to take direction from multiple sources while effectively managing multiple, changing priorities
Ability to assess and quantify risk
Real estate accounting and tax knowledge a plus
Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
Proficiency and willingness to adopt new systems and processes
Demonstrate emotional intelligence in high pressure and sensitive situations
Ability to see, analyze and understand business dealings in terms of the overall business plan
Tenacity, patience, and perseverance to work with business deals from beginning to end of process
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
Maintain confidentiality of sensitive information and communications of information
Develop productive working relationships with all team members including internal clients and external third parties
Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical / Educational Requirements
Bachelor’s Degree in a related field. MBA, related Master’s degree or CFA a plus
Experience with Yardi, Argus and other asset management applications, a plus
Demonstrated advanced financial modeling and Excel skills required
Demonstrated ability to use and learn new technology (e.g., computers / hardware, mobile, software, cloud-based programs)
Proficiency with computers, keyboards, monitors and telephone headsets.
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) including ability to perform excel modeling including cash flow modeling and various return calculations and analysis
Berkshire Residential offers an opportunity focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our site for full details – and to learn more about how we value our employees.
Berkshire Residential values equality of opportunity. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
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Position Summary
The AVP, Portfolio Management will assist the Portfolio Manager(s) in overseeing their respective portfolios on behalf of Berkshire.
Responsibilities
Annual Portfolio Business Plan, which includes long-term and tactical strategies
Investment selection for portfolio
Investment management and disposition strategy
Client relationship management and communication
Cash management – capital calls / distributions
Financing strategy for portfolio and properties
Internal / Investor reporting and meetings
Provide analytical support as requested by Portfolio Manager(s)
Work with client directly and with client’s consultants, including tax, if necessary
Prepare Annual Property Business Plans, with oversight by Portfolio Manager
Work with Portfolio Manager on impact of tactical changes to Property and Portfolio Business Plans on projected performance as per Portfolio Model
Monitor, oversee and report on Property Management’s execution of business plans
Prepare monthly and quarterly performance reports for management and investors with approval by Portfolio Manager
Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues in order to improve operations
Benchmark property performance against industry and peers
Budget review, oversight, and analysis
Stay abreast of relative market information for all markets related to the portfolio. Work closely with Berkshire’s Research team to stay abreast of their viewpoint and recommended course of action for each market they cover
Work with Portfolio Valuation & Analytics Group in quarterly property valuations
Consistently demonstrate use of tact and discretion
Knowledge / Experience
At least seven (7) years of experience in the real estate industry
Previous experience in portfolio management preferred, asset management or acquisitions
Ability to identify problems early and solve them effectively with minimal assistance
Experience with multifamily value creation opportunities and the ability to act on them through others
Ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Portfolio Valuation and Analytics, Property Management and Acquisitions and Dispositions
Ability to take direction from multiple sources while effectively managing multiple, changing priorities
Ability to assess and quantify risk
Real estate accounting and tax knowledge a plus
Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
Proficiency and willingness to adopt new systems and processes
Demonstrate emotional intelligence in high pressure and sensitive situations
Ability to see, analyze and understand business dealings in terms of the overall business plan
Tenacity, patience, and perseverance to work with business deals from beginning to end of process
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
Maintain confidentiality of sensitive information and communications of information
Develop productive working relationships with all team members including internal clients and external third parties
Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical / Educational Requirements
Bachelor’s Degree in a related field. MBA, related Master’s degree or CFA a plus
Experience with Yardi, Argus and other asset management applications, a plus
Demonstrated advanced financial modeling and Excel skills required
Demonstrated ability to use and learn new technology (e.g., computers / hardware, mobile, software, cloud-based programs)
Proficiency with computers, keyboards, monitors and telephone headsets.
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) including ability to perform excel modeling including cash flow modeling and various return calculations and analysis
Berkshire Residential offers an opportunity focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our site for full details – and to learn more about how we value our employees.
Berkshire Residential values equality of opportunity. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
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