Asset Manager - Multifamily

Employer
St. Ambrose Housing Aid Center, Inc.
Location
Baltimore, MD
Posted
Oct 19, 2021
Closes
Oct 21, 2021
Ref
152190001
Hours
Full Time
Job Summary : The successful candidate will have strong management skills and substantial experience in the multi-family asset class, including knowledge and skill with financial performance analysis. This self-starter candidate should be an enthusiastic team player, offer innovative ideas, and have the ability to manage multiple priorities. The Asset Manager will provide multi-family asset management assistance for multi-family properties within the St. Ambrose portfolio. The general focus will be on the real estate's financial and operational performance, including overseeing the property's capital improvements and overall business plan. This position is responsible for successfully managing property management relationships, communicating and reporting to investors/equity partners, and serving as a liaison between asset management, accounting, and property management. Essential Duties: Provide oversight of the operating and physical performance of assigned multi-family properties within the portfolio; Evaluate property management results consistent with St. Ambrose's objectives and budgeted expectations; Assist Housing Development Department in vetting potential acquisitions in their respective market/portfolio on an as-needed basis; Oversees the preparation and execution of operating and capital improvement budgets; Ongoing review of the assigned property and portfolio performance, including weekly, monthly, quarterly, and annual progress reports; Review Pro-forma P&L statements and budget for capital expenditures; Review and recommend changes to marketing plans and annual operating budgets; Review and analyze requests for capital improvements submitted by property management; Work with various parties in performing tasks, including property and construction management, lenders, and other third parties; Project real estate performance by understanding specific asset characteristics, interpreting historical operating results, and understanding local supply-demand fundamentals, as well as broad economic data; Conduct fieldwork (eg, visit/inspect assets, determine rent and sales comps). Qualifications: Minimum four years of asset management experience within multi-family is required, including experience with underwriting/financial modeling, as well as acquisitions and dispositions/sale of multi-family properties; Understanding of various real estate markets; Bachelor's degree required, finance background preferred; Ability to travel as needed for effective oversight of Fund assets; Advanced knowledge of Excel; Conceptual knowledge of core business disciplines including real estate finance, investment principles, corporate finance, and accounting; Strong problem-solving, analytical, and quantitative skills; Good oral and written communication skills; can express ideas and describe information clearly and concisely; Professional presence to interact with executive management; Ability to balance multiple projects simultaneously with demanding deadlines in a small team environment; Ability to operate with a high degree of flexibility and to adapt to changing demand; Ability to work effectively with diverse personalities to accomplish the objective; Self-starter and can work well with limited direction; Initiative, resourcefulness, strong attention to detail, reliability. Physical Requirements: The physical demands described here are representative of those that an employee must meet to perform the essential functions of this job successfully: Able to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; and talk and hear. Will require sitting for an extended period; Ability to effectively use office equipment (including, but not limited to, computer, phone, fax machine, printer/copier machine) and computer systems to fulfill essential functions of the position; Able to lift/carry objects up to 10 pounds over short distances; Includes meetings, driving, climbing stairs, and walking to/from rental properties. PI149424341