Director of Asset Management

Job Description

Overview

Job Description

The Director of Asset Management will oversee the entire spectrum of asset management for a growing portfolio of new development/construction deals as well as manage new lease ups and existing, stabilized assets within the portfolio. Your responsibilities include overseeing investment opportunities, managing relationships with key investor relationships, and optimizing portfolio performance. This leadership role requires a strategic mindset, excellent analytical skills, and the ability to lead and mentor a team.

Managing Director – Portfolio Management

The Director will be supported by the Asset Management analyst and associate team and will be required to supervise and mentor analysts and associates to perform tasks and to facilitate greater productivity within the group. The hire for this role will also be required to interface across multiple teams including Development, Construction, Accounting, Operations, Leasing & Marketing, Investor Relations, and Capital Markets.

The work environment characteristics described herein are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Travel: Varies; the hire for this role may be required to attend investor property tours both locally and nationwide, as well as important industry conferences. When not local, travel will typically be 0-2 trips per month typically 0-2 nights per trip.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl and talk or hear.

Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

The employee may infrequently drive a vehicle (intrastate and interstate travel) or be subject to air travel for purposes of Company business.

Responsibilities

The duties listed below are an outline of the role’s responsibilities and should not be considered an all-inclusive list. As the needs of the organization change, these duties may be modified as needed.
Monitor the construction, lease-up, compliance, and on-going management for a portfolio of assigned properties.
Own portfolio modeling, valuation, summary analysis and presentation to internal and external customers (executive leadership, partners, etc.).
Collaborate with the operations team (i.e. affiliated property management company) to oversee leasing and budgeting for the portfolio while reporting internally and externally significant strategic shifts or variances.
Perform investment analysis including inputting information, formulating achievable market rate rent levels and model assumptions for assets, and running various scenarios.
Oversee hold/sell recommendations as well as helping manage the refinancing or disposition of properties.
Engage, manage and review yearly appraisals of properties within the portfolio.
Prepare quarterly and annual asset, portfolio and market reports for investors while working with accounting and development to ensure accurate and timely reporting.
Respond to special requests for information from investor and capital clients in a professional manner and on an expedited basis.
Conduct periodic property inspections and report findings.

Preferred Qualifications

Bachelor’s degree in Finance, Real Estate, or related field. An advanced degree (MBA, MS in Real Estate) is preferred.

Minimum 10 years of experience in real estate investment, finance, or a related field.
Must have excellent attention to detail and possess strong written and verbal communication skills.
Must have strong analytical skills appropriate for this position and for the tasks assigned by the Head of Portfolio Management.
Proficient computer skills in Microsoft Word, Excel and PowerPoint.
Should possess good interpersonal, presentation, and leadership skills.
Exceptional attention to detail and the ability to manage multiple high-priority projects simultaneously.
Advanced analytical skills and expertise in financial modeling and risk assessment.
Excellent communication, leadership, and teamwork abilities.
Proven track record of strategic decision-making and results-driven performance.
Strong understanding of student housing market dynamics and trends.

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