Junior Asset Manager

Job Title: Junior Asset Manager

Location: Remote, with preference for Chicago, San Francisco, and Cedar Rapids.

Duration: 6 Months

Contract to Hire (Extension or Full-Time Conversion Potential)

Position Overview

This individual will monitor and lead property performance and maximize revenue for clients by providing detailed oversight of value-add plans through directing property management, leasing, financial analysis, construction and rehab projects and valuation, of an assigned portfolio of assets. A strong emphasis on multi-family investments.

Job Description

Responsibilities: Establish an accretive business plan and investment strategy with the objective of maximizing property income, cash flow and long-term value.

• Analyze rent rolls, vacancy and turnover information, affordability profiles and financial operating statements.
• Participate in the underwriting and coordination of assets to evaluate a purchase and/or sale. Underwrite and produce valuations for active investments within the portfolio to support compliance monitoring and decision-making activities.
• Forecast income and expense projections, capital requirements, risk-return analysis and hold/sell recommendations.
• Facilitate the marketing and leasing strategies for assigned properties.
• Monitor and evaluate financial performance of assigned assets and address nonperformance and legal issues related to the property.
• Oversee and monitor the rehab/redevelopment process and exit strategy, ensure compliance with loan documents and agreements.
• Lead construction projects, including draws, construction consultants and working with general contractors.
• Deliver consistent and accurate reporting to the team and investors to aid in the overall management of the portfolio. Review and interpret legal documents, such as loan agreements, guarantees, and promissory notes, and coordinate with appropriate parties to ensure compliance.
• Perform property inspections to ensure viability, prudent operational performance, fiscal management, and document recommendations into the final review report.
• Assist in creating, identifying, maintaining or reporting on sustainability or ESG initiatives.
• Lead sales process of asset, to include hold/sell analysis, Broker selection, negotiations of
• Purchase & Sale Agreement, and negotiations with Buyer through close
  
  

Required Qualifications

• Bachelor's degree in commercial real estate or finance field, or equivalent experience in asset management or property management.
• Five or more years of experience in one or a combination of the following: commercial real estate, multi-family investment experience, asset management, underwriting, lending, or workout strategies.
  
  

Preferred Qualifications

• CCIM, CPM or MBA.
• Experience in market rate and affordable multi-family investments. Experience working in the creating of, identifying, maintaining or reporting on sustainability or ESG initiatives.
• Experience with Yardi.
• Multi-family value-add.
  
  

Experience in creating and presenting cash flow models, hold/sell analysis and valuation models.