What are the responsibilities and job description for the Asset Manager (Multifamily) position at Centurion Selection?
The Asset Manager is responsible for maximizing the financial performance and value of a portfolio of multifamily properties across FL. This role focuses on executing business plans, overseeing property management, analyzing financial performance, and driving strategic decisions to optimize returns.
Key Responsibilities:
Asset Performance & Strategy
- Develop and execute business plans for each multifamily asset
- Monitor property-level performance against budget and underwriting
- Identify opportunities to increase NOI (rent growth, expense control, ancillary income)
- Lead hold/sell/refinance analyses and recommendations
Financial Analysis & Reporting
- Review monthly financial statements, variance reports, and KPIs
- Maintain and update cash flow models and valuations
- Oversee annual budgeting and reforecasting processes
- Track capital expenditures and ROI on renovations
Property Management Oversight
- Serve as primary liaison with third-party property management companies
- Monitor leasing activity, occupancy trends, and marketing effectiveness
- Conduct regular asset reviews and site visits
- Ensure alignment with business plan and ownership goals
Capital Projects & Value-Add Execution
- Oversee renovation and repositioning projects (unit upgrades, amenities)
- Manage timelines, budgets, and contractor performance
- Evaluate return on capital improvements
Investor & Stakeholder Communication
- Prepare investor reports and performance updates
- Support capital calls, distributions, and investor inquiries
- Collaborate with acquisitions, development, and finance teams
Market & Portfolio Analysis
- Analyze market trends, comps, and competitive positioning
- Conduct sensitivity and scenario analysis
- Recommend pricing and leasing strategies
Education
- Bachelor’s degree in Finance, Real Estate, Business, or related field
- MBA or relevant advanced degree preferred
Experience
- 5-10 years of experience in real estate asset management, acquisitions, or related field
- Direct experience with multifamily properties required
- Experience with value-add or institutional portfolios is a plus
Skills & Competencies
- Strong financial modeling and analytical skills
- Proficiency in Excel (ARGUS is a plus)
- Deep understanding of multifamily operations and KPIs (occupancy, rent growth, NOI, IRR)
- Excellent communication and stakeholder management skills
- Ability to manage multiple assets and priorities
Salary : $95,000 - $120,000