Senior Asset Manager

POSITION SUMMARY

The Senior Asset Manager is responsible for overseeing the investment lifecycle of a portfolio of market rate multifamily assets. This includes, but is not limited to, monitoring the original investment plan, communicating about performance, and reforecasting when assets have strayed from the investment plan.

ESSENTIAL JOB FUNCTIONS:

• Develop and execute strategies to drive revenue growth across the portfolio

• Determine effectiveness of expense-controlling and revenue-enhancing initiatives, and implement accordingly

• Establish review processes to analyze financial performance against budgets

• Conduct quarterly property visits to assess onsite performance/operations, curb appeal, and ensure Elmington standards are met

• Forecast asset performance by conducting ongoing evaluation of cash flow to maximize annual distributions to investors

• Analyze portfolio trends and external market trends impacting asset performance

• Track assets' performance through various reporting methods shared with stakeholders

• Conducts audits to ensure the portfolio is compliant with all applicable regulations

• Work closely with the development team during underwriting and due diligence efforts

• Work closely with property management team, and all lines of business across Elmington

To be an effective Elmington teammate, you will need to:

• Have a great attitude

• Have high expectations

• Think BEYOND the box

• Work with passion

• Have a tireless work ethic

• Be confident

• Be self-sufficient and self-motivated

• Take pride in your work

• Be a good listener

• Offer a solution with every problem

• Go above and beyond for everyone you support

KNOWLEDGE/SKILLS/ABILITIES:

• Financial management

• Analysis skills

• Knowledge of capital improvement and renovations

• Business acumen

• Communication proficiency

• Ethical conduct

• Relationship management

SPECIFIC EDUCATION OR EXPERIENCE:

• Bachelor's degree in a related field

• 5 -7 years' experience in asset management, real estate analytics, or similar industry preferred but not required

PHYSICAL DEMANDS AND WORK ENVIRONMENT

• Frequently sit, stand and walk

• Regularly required to talk or hear

• Frequently required to use hands or fingers to handle or feel objects, tools or controls

• Occasionally required to climb or balance, stoop, kneel, crouch or crawl

• Occasionally lift and/or move up to 25 pounds

• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus

• The noise level in the work environment is usually moderate

• Temperature in the workplace is typically moderate

TRAVEL REQUIREMENTS

This position requires travel up to 25% of the time.

The Elmington Experience

We're creating a different kind of company at Elmington. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington could very well be the last company you ever work for.

The company will recruit, hire, train, promote, and compensate its employees based on factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunity regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified.