Senior Asset Manager

SCI, the leading search firm in the real estate industry, is seeking a Senior Asset Manager to join a leading private equity firm focused on Affordable and Workforce Housing investments.

Position would be remote - covering the Pacific Northwest and Mountain Regions as they expand their footprint. May work from a home office or shared office space anywhere through the Northwestern region of the US.

Our client is a young and growing firm, so the Sr. Asset Manager will have significant exposure to senior leadership and the opportunity to shape the operations and culture of the company in a significant way as it grows. They currently have 11,000 units and 70+ properties in their portfolio, with another wave on the way as they finish deploying their second fund. They are also raising a third fund.

Responsibilities:

● Identify portfolio trends and propose improvements. Utilize data analysis to optimize portfolio performance.

● Work closely with 3rd party property managers to create/execute business plans, budgets, and forecasts.

● Maximize cash flow and return for portfolio

● Develop and distribute reports conveying financial performance to investors

● Establish strong relationships with key stakeholders, including housing agencies, lenders, and investors. Leverage these relationships to enhance portfolio value, as well as the company value.

● Demonstrate a strong monitoring of Key Performance Indicators (KPIs). Execute underwritten business plans.

● Manage voucher mark-ups, subsidy applications, and relationships to maximize property value. Work with construction/acquisition teams to meet timelines and resolve issues.

● Display good judgment in escalating/addressing concerns. Proactively communicate with colleagues to find solutions.

● Contribute to a strong team culture within Asset Management and the broader organization. Share ideas for process improvement, actively participate in collaborative processes with internal teams, and maintain a solutions-oriented approach in all interactions.

● Determine capex needs of the portfolio, funding sources and savings opportunities

● Reduce utility expenses where possible

● Ensure each asset is in compliance

Requirements:

• Bachelor’s Degree preferably with a concentration in Real Estate, Finance, or Business. Advanced degree a plus.
• 7+ years of relevant experience in asset management.
• Self-motivated and hard-working.
• Strong analytical skills and quantitative skills with advanced skills in financial analysis.
• Knowledge of corporate finance, accounting, and valuation methodologies.
• Proficiency with Microsoft Office suite, with mastery in Excel.
• Highly organized, detail-oriented, motivated, and able to multi-task effectively in a deadline-driven environment.
• Excellent oral and written communication skills.
• Ability to occasionally travel to portfolio