Asset Manager

 A Little About Us: 

Richmark is a family-owned Company dedicated to executing quality projects and initiatives that enhance communities. We strive to fulfill and live out our mission in everything we do with a commitment to family and community, entrepreneurial spirit, and fostering sustainable growth.

About Your Role:

The Asset Manager is responsible for maximizing the performance and long-term value of a diverse real estate portfolio including multifamily, commercial, mixed-use, and hospitality assets. This role leads financial reporting and analysis, oversees budgeting and forecasting, manages loan compliance and refinancing, supports commercial leasing and onboarding, and partners with management teams to drive operational and financial outcomes. The ideal candidate is analytical, organized, and confident working with lenders, investors and internal teams.

Essential Duties and Major Responsibilities: 

Portfolio Performance & Financial Management

· Analyze monthly financial statements across multifamily, commercial, and hospitality assets; identify anomalies and issue variance reporting with corrective plans.

· Prepare and manage annual commercial operating budgets including CAM/NNN structures, projections, and capital planning.

· Review and analyze multifamily and hospitality budgets; recommend revisions prior to leadership approval.

· Maintain financial dashboards, forecasting, and budget-to-actual performance reporting across the portfolio.

· Prepare and distribute investor reports including quarterly/annual summaries, cash flow performance, and operational insights.

· Complete same-store performance analyses, trend reports, and benchmarking across markets and asset classes.

· Manage and submit required incentive and reimbursement requests tied to development agreements with governmental entities confirming eligibility and meeting all submission deadlines.

· Complete and submit replacement reserve draw requests and maintain lender communication logs.

· Update and maintain SREO, loan covenant trackers, reporting schedules, and financing documentation.

· Manage property tax appeals, including documentation, valuation review, assessor communication, and coordination with legal partners to process appeals and filings.

· Maintain energy benchmarking compliance and reporting as required by state regulations.

Financing, Loan Management & Refinancing

· Monitor key loan metrics including loan terms, DSCR requirements, reserve balances, interest rate changes, covenant compliance, maturity timelines, and refinance windows.

· Lead or support loan refinances across diverse capital sources 

· Manage lender information requests, refinance checklists, due diligence rooms, underwriting data, and term sheet comparisons.

· Coordinate with lenders, attorneys, servicers, and third-party consultants from initial underwriting through closing.

Operational & Management Oversight

· Oversee third-party property management and hotel operators across multifamily, commercial, and hospitality assets; ensure performance aligns with approved budgets, occupancy and revenue goals, operating standards, and ownership business plans. 

           o Hospitality oversight includes monitoring brand compliance, revenue management performance, labor efficiency,      guest satisfaction metrics, and operator reporting.

· Perform routine property inspections, asset condition assessments, and capital planning reviews, including hospitality-specific reviews of guest rooms, public spaces, back-of-house areas, FF&E condition, and brand PIP or capital requirements.

Commercial Leasing, Tenant Relations & Onboarding

· Support commercial leasing strategy including renewals, amendments, extensions, expansions, and negotiation preparation.

· Set up new commercial tenants including lease abstraction, rent schedules, escalation timelines, billing codes, and CAM/NNN structures; communicate operational expectations.

· Support CAM processes including estimates, reconciliations, and year-end adjustments for commercial tenants.

· Oversee percent rent calculations, commercial delinquency, recoveries, and compliance with lease financial terms.

· Issue notices for arrears, defaults, escalations, and compliance; coordinate legal involvement when required.

· Monitor compliance with rental registrations, business license renewals, and municipal regulations for all assets.

· Support TI coordination, critical dates, lease commencement, and construction milestone compliance.

Assist with other duties as assigned.

 Education:

· Bachelor’s degree in Business, Real Estate, Finance, Accounting, or related field preferred.

Type of Experience Needed to be Successful:

· 4 years of Asset Management experience required; multifamily and commercial experience strongly preferred.

· Proven understanding of commercial and multifamily leasing

Specialized Skills:

· Budgeting, NOI management, and financial modeling

· Strong financial acumen; ability to interpret P&L, NOI, cash flow, DSCR, and variance reporting.

· Excellent relationship management with tenants, lenders, investors, attorneys, and site operations.

· Advanced Excel skills

· Travel required for property visits and inspections.

· Highly detail-oriented with exceptional organization and prioritization skills.

Other Requirements:

· Valid driver’s license and clean driving record.

· Ability to travel 

Physical Demands and Work Environment: 

• The work environment is the      typical  office environment. The      employee must complete their work satisfactorily in an environment where      there are distractions, including staff, clients, and vendors walking      through and conversing, telephones ringing, conversations carrying over,      loud noises, and interruptions to answer questions from others. 
• Must be able to travel to various sites or      attend meetings as required. A valid driver’s license and clean driving      record is required.
• The physical demands described here      represent those that an employee must meet to perform the essential      functions of this job successfully. In many cases, reasonable      accommodations may be made to enable individuals with disabilities to      perform the essential functions. While performing the duties of this job,      the employee is frequently required to sit for prolonged periods of time      and work on a computer and use hands to finger, handle, or feel objects,      tools, or controls. The employee frequently is required to talk or hear.      The employee is frequently required to stand, walk, reach with hands and      arms, and stoop, kneel, crouch, or crawl. 
• The employee must occasionally lift and/or      move up to 15 pounds and should do so soundly and safely. This job's      specific vision abilities include close vision, color vision, peripheral      vision, depth perception, and the ability to adjust focus.

Core Competencies:

· Financial & Analytical Capability – Interprets trends, identifies anomalies, reviews financials/budgets/loan documents/lease structures, and provides data-backed recommendations with accuracy and consistency.

· Communication (Written & Verbal) – Speaks and writes clearly; tailors messaging to lenders, legal partners, tenants, and internal teams; listens effectively and clarifies when needed.

· Customer Service & Responsiveness – Manages challenging situations professionally; responds promptly to needs; solicits feedback; meets commitments and maintains a solutions-first approach.

· Teamwork & Collaboration – Builds morale, supports group goals, balances team vs. individual responsibilities, and partners with internal departments and third-party managers for success.

· Prioritization & Adaptability – Manages deadlines, prioritizes effectively, adjusts to evolving portfolio needs, and maintains organization under pressure.

· Ownership & Accountability – Takes responsibility for actions, follows through on commitments, communicates proactively, and maintains confidentiality where required.

· Professionalism & Presentation – Maintains appropriate appearance and conduct; represents the organization positively in all interactions.

· Reasoning & Problem Solving – Uses logical analysis to evaluate alternatives, identify causes, develop solutions, and implement improvements across operational and financial contexts.

Compensation details: 125000-150000 Yearly Salary