What are the responsibilities and job description for the Director of Portfolio Management position at Bullpen?
Director of Portfolio Management
đź“Ť Berkeley, CA
Bullpen, on behalf of a growing real estate investment and development platform, is seeking a Director of Portfolio Management to take a senior, high-impact role overseeing portfolio performance, forecasting, and execution across a rapidly expanding student housing and mixed-use residential portfolio.
This is a strategic position at the intersection of investments, capital markets, portfolio management, and development, driving outcomes across both operating assets and ground-up projects.
The Role
The Director will own portfolio-level financial performance while supporting underwriting, deal structuring, and long-term planning. You’ll be a key voice in capital allocation decisions and investor reporting as the firm scales nationally.
What You’ll Do
Portfolio Management & Financial Oversight
- Lead budgeting, forecasting, and portfolio cash-flow planning.
- Manage financial models for operating assets development projects.
- Produce monthly/quarterly reporting packages and performance dashboards.
- Run hold/sell evaluations, refinancing scenarios, and capital optimization work.
- Partner with operations teams to ensure leasing, occupancy, NOI, and rent growth targets are met.
Investments & Underwriting Support
- Support underwriting for new acquisitions and developments.
- Assist with JV structuring, waterfalls, and capital stack analysis.
- Participate in due diligence across budgets, ops statements, comps, and third-party reports.
- Contribute to investment memos and IC materials.
Capital Markets & Strategic Planning
- Provide portfolio analytics for debt/equity processes.
- Evaluate recapitalizations, refis, and dispositions.
- Support long-term planning, pipeline forecasting, and AUM projections.
Cross-Functional Leadership
- Align closely with development, asset management, ops, and leasing.
- Mentor analysts/associates across the investment and portfolio management functions.
What You Bring
- 7–12 years in real estate private equity, acquisitions, portfolio/asset management, investment banking, or development.
- Strong Excel modeling and financial analysis skills.
- Experience underwriting real estate investments (student housing or multifamily preferred).
- Familiarity with capital structuring, JV partnerships, financing, and transaction execution.
- Ability to synthesize complex data and present it clearly to senior leadership/investors.
- Highly organized operator who thrives in a fast-paced, entrepreneurial environment.
- Bachelor's required; advanced degree preferred.
Why This Role Is Compelling
- High-visibility seat at a platform experiencing real growth.
- Exposure to the full lifecycle: underwriting → development → operations → capital markets → portfolio strategy.
- Entrepreneurial environment true advancement upside.
- Competitive compensation, strong bonus potential, and long-term incentive opportunities.