Michael Page
Asset Manager - Multifamily
Michael Page - Austin, Texas, us, 78716
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Asset Manager - Multifamily
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Michael Page 1 day ago Be among the first 25 applicants Join to apply for the
Asset Manager - Multifamily
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Michael Page This range is provided by Michael Page. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$140,000.00/yr - $180,000.00/yr Michael Page has partnered with a real estate investment firm hiring for a lead Asset Manager position based in Austin, TX. The position will support a large portfolio of multifamily and niche residential assets. Our Client is a nimble real estate investment firm who own and invest in multifamily properties across the sunbelt region. They invest in both core and value-add assets with a focus on multifamily, especially assets that require repositioning. Description Newly created Asset Manager position where you will lead the implementation and execution of strategies, programs, policies, and initiatives for existing and future multifamily assets. The Asset Manager will ensure achievement of the financial and operating goals, and overall profitability of the portfolio. Selected responsibilities: Participates and assists in formulating the annual business plan for the assigned assets Reviews, monitors, and reports on the portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly portfolio/performance reports. Communicates with and closely interacts with the Principals of the firm and on-site team members to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio. Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level. Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multifamily portfolio, prepares and delivers presentations and updates to investment principal/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets. Works with the third party contractors and/or in house construction staff to plan for rehab and other capital improvements; reviews and monitors progress on existing project to ensure on-time and on-budget completion. Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives Profile B.S. Degree in Accounting/Finance and 5+ years' equivalent experience within Asset Management or similar. Specific asset management experience with multifamily assets; must have strong hands on operational experience to be considered. Experience with capital improvement project management Experience at interpreting limited partnership agreements, financial statements, and regulatory documents Strong analytical skills, above average excel skills. Job Offer Market driven base salary plus bonus potential along with benefits such as health insurance, retirement etc. The role will roughly pay $140,000 to $180,000 on the base depending on experience. Our client is committed to recruiting the top talent and will be competitive on salary.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Analyst, Finance, and Strategy/Planning Referrals increase your chances of interviewing at Michael Page by 2x Get notified about new Asset Manager jobs in
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Asset Manager - Multifamily
role at
Michael Page 1 day ago Be among the first 25 applicants Join to apply for the
Asset Manager - Multifamily
role at
Michael Page This range is provided by Michael Page. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$140,000.00/yr - $180,000.00/yr Michael Page has partnered with a real estate investment firm hiring for a lead Asset Manager position based in Austin, TX. The position will support a large portfolio of multifamily and niche residential assets. Our Client is a nimble real estate investment firm who own and invest in multifamily properties across the sunbelt region. They invest in both core and value-add assets with a focus on multifamily, especially assets that require repositioning. Description Newly created Asset Manager position where you will lead the implementation and execution of strategies, programs, policies, and initiatives for existing and future multifamily assets. The Asset Manager will ensure achievement of the financial and operating goals, and overall profitability of the portfolio. Selected responsibilities: Participates and assists in formulating the annual business plan for the assigned assets Reviews, monitors, and reports on the portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly portfolio/performance reports. Communicates with and closely interacts with the Principals of the firm and on-site team members to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio. Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level. Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multifamily portfolio, prepares and delivers presentations and updates to investment principal/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets. Works with the third party contractors and/or in house construction staff to plan for rehab and other capital improvements; reviews and monitors progress on existing project to ensure on-time and on-budget completion. Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives Profile B.S. Degree in Accounting/Finance and 5+ years' equivalent experience within Asset Management or similar. Specific asset management experience with multifamily assets; must have strong hands on operational experience to be considered. Experience with capital improvement project management Experience at interpreting limited partnership agreements, financial statements, and regulatory documents Strong analytical skills, above average excel skills. Job Offer Market driven base salary plus bonus potential along with benefits such as health insurance, retirement etc. The role will roughly pay $140,000 to $180,000 on the base depending on experience. Our client is committed to recruiting the top talent and will be competitive on salary.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Analyst, Finance, and Strategy/Planning Referrals increase your chances of interviewing at Michael Page by 2x Get notified about new Asset Manager jobs in
Austin, TX . Austin, TX $120,000.00-$160,000.00 4 days ago Austin, TX $110,000.00-$130,000.00 1 day ago Austin, TX $151,000.00-$208,000.00 1 week ago Austin, TX $90,000.00-$150,000.00 23 hours ago Austin, TX $111,400.00-$185,000.00 17 hours ago Austin, TX $150,000.00-$200,000.00 3 days ago Portfolio Manager - Tech and Life Sciences Texas
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Austin, TX $250,000.00-$300,000.00 1 day ago Austin, TX $158,700.00-$195,200.00 1 week ago Experienced Quantitative Portfolio Manager or Strategist Austin
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Austin, TX $95,000.00-$120,000.00 23 hours ago Austin, TX $150,000.00-$200,000.00 2 weeks ago Senior Manager, Asset Management Region East
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Austin, TX $119,900.00-$162,000.00 2 days ago Global Inventory and Asset Manager, Ops Tech Solutions Supply Chain (OTS-SC)
Austin, TX $80,000.00-$85,000.00 1 month ago North America Regional Portfolio Manager GFM , Early Life-Cycle Management and Building Experience Management
Austin, TX $66,800.00-$142,800.00 2 weeks ago Head of Quantitative Research, Investment Manager
Round Rock, TX $60,000.00-$61,000.00 21 hours ago Associate General Counsel - High Performing Alternative Asset Manager
Director, Investment Solutions and Due Diligence
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr