What are the responsibilities and job description for the Director - Asset Management position at American Campus Communities and Careers?
Description
The Director of Asset Management is responsible for managing a portfolio of owned real estate assets to maximize net operating income (NOI), preserve and enhance property values, and support overall business objectives. This position leads the development and execution of comprehensive asset management strategies, including business planning, capital planning, budgeting, financial analysis, and market evaluation. Acting as a key liaison between operations, acquisitions, and other cross-functional teams—such as Leasing, Investments, Market Research, and Finance—the role drives portfolio performance, identifies growth opportunities, manages risks, and ensures transparent stakeholder communication.
Job Responsibilities: (OTHER DUTIES MAY BE ASSIGNED)
- Manage business plan execution for assigned assets, including tracking goals, conducting ad-hoc analyses of value-add opportunities, and developing solutions to address challenges or changing market conditions.
- Prepare and maintain property-level asset management plans covering revenue/expense forecasting, capital planning, market condition analysis, and business plan development in collaboration with internal stakeholders.
- Identify, evaluate, and implement NOI growth initiatives, championing value-maximizing strategies and operational improvements across the portfolio.
- Review financial statements, investment accounting, and lender/joint venture reporting packages to ensure accuracy, proper tax treatment, and compliance with budgets and operating procedures.
- Lead preparation and review of quarterly investment reports and regular performance reporting (weekly, monthly, quarterly, annual), presenting findings to internal and external stakeholders.
- Collaborate cross-functionally to research, recommend, and lead initiatives for expense management efficiencies, revenue enhancement, and capital project execution, including repositioning, renovations, and redevelopment.
- Participate in acquisition due diligence and disposition activities by providing operational insights, preparing diligence materials, and coordinating with brokers, legal counsel, and capital partners.
- Conduct regular site visits to portfolio assets to assess operational effectiveness, validate strategy execution, and provide actionable feedback on rent setting, marketing, leasing, and vendor management.
- Analyze market dynamics, including rent surveys, supply and demand metrics, and economic trends, to inform strategic asset positioning and business plan adjustments.
- Manage debt and equity financing relationships, including refinancing initiatives, and support equity capital pitches through preparation of analysis and presentation materials.
- Maintain transparent and strategic communication with joint venture partners, investors, legal teams, and internal stakeholders, adapting strategies to meet evolving objectives and ensuring alignment across teams.
- Mentor and train Associates and Analysts, as assigned.
- Carries out supervisor responsibilities, including interviewing, hiring, and training employees; planning assigning and directing work; appraising performance; rewarding and disciplining employees; and addressing complaints and resolving problems.
- Coach, train and develop a team while managing the workflow and prioritization of projects and ensuring on-time execution and completion.
American Campus Communities Culture Commitments
- Our people are devoted to a culture of inclusion, diversity, and equality in the workplace and our communities. We are committed to intentionally executing an evolving set of goals specific to inclusion, diversity, and accountability, driven by empathetic leadership and embraced by all.
- The core of American Campus culture involves everyone being fully invested in everything that we do down to picking up the smallest piece of trash in the office and around our communities. No matter their position or duration at the organization, everyone picks up trash.
- Serve as an American Campus representative and liaison in all interactions.
- Certain activities involved in this position may be photographed and/or video and audio recorded for quality control and/or training purposes. Compliance with the Photo, Video and Voice Recording Policy is a condition of employment.
Skills, Knowledge and Expertise
Education/Experience:
- Bachelor’s degree in Business, Finance, Real Estate or other relevant area and/or equivalent combination of education and experience.
- 5 years’ experience in asset management of residential real estate.
- Experience with institutional/private equity preferred.
- Familiarity with the general principles of real estate, including operations and analysis, budgeting, financial reporting, cash management and general accounting.
- Ability to understand and interpret market trends, third party market reports, and operator market competitor surveys.
- Familiarity with investment due diligence process along with ability to provide local market leasing assumptions and competitive intelligence.
Benefits
Benefits:
- Vision
- Dental
- 401(k) with Employer Matching
- Medical & Dependent Care Flexible Spending Accounts (FSA)
- Life Insurance
- Sick Leave
- Paid Time Off
- Paid Pregnancy & Childbirth Leave
- Paid Paternity Leave
- Health Insurance
- Health Savings Account (HSA) with Employer Matching
- Short-Term & Long-Term Disability
Perks:
- Preferred Membership Pricing at Local & National Companies
- CoreGiving Volunteer Days
- Referral Program
- Charity Matching Program
About American Campus Communities
American Campus Communities is the nation’s largest developer, owner and manager of high-quality student housing communities.
Whether we’re creating a new development, upgrading an acquired community, or partnering with a university to develop or manage on-campus housing, our goal is the same: deliver the best possible experience for students – at every price point.
And it’s not just about great living spaces and great amenities. It’s about giving students the resources and environment they need to succeed, both academically and personally.
Our Mission keeps us focused:
Our values help us get there.
Delivering the best possible student experience doesn’t just happen. It takes an unrelenting commitment to students, parents and educational institutions. It also takes a corporate culture built on shared values, a higher purpose, and a team of people who truly love what they do.
American Campus Communities is an equal opportunity employer. We value a diverse, inclusive workforce and provide equal employment opportunity for all applicants and employees. All qualified applicants for employment will be considered without regard to an individual’s race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other characteristics protected by federal, state or local laws.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Pursuant to the LA County Fair Chance Ordinance, we will consider all qualified applicants, including those with arrest and conviction records, for employment.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.