What are the responsibilities and job description for the Portfolio Manager position at Ross Management LMG, LLC?
Ross - A Division of Envolve professionally manages apartment communities located throughout the United States. We are a company whose success is measured by our residents' satisfaction in making their apartment homes and community a great place to be.
Ross - A Division of Envolve offers a wide variety of opportunities from residential apartment management, leasing, maintenance and more. We are recruiting friendly self-motivated individuals with positive attitudes and a drive to succeed, to join our growing company. We are currently searching for a Portfolio Manager in Denver, CO.
- Support and assist Area/Community Managers in overall management of all communities within the assigned portfolio.
- Responsible for recruiting, hiring, training, supervising, and evaluating Area Managers within assigned portfolio.
- Build strong on-site management teams and Area Managers through constant coaching and motivation.
- Achieve the highest possible net operating income (NOI) through the implementation of effective cost control, revenue maximization and delinquency management plans.
- Work with owners to identify long term property goals and objectives. Be responsive to owners’ needs, goals, and objectives.
- Identify and analyze issues within portfolio and develop and implement decisions that help the assigned communities achieve the owner’s objectives and that are consistent with Envolve policies and procedures.
- Present yearly financial budgets with the assistance of Area/Community Managers to members of the executive team and to the owners of the communities.
- Effectively disseminate all information and instructions necessary for Area Managers and the communities to perform their work.
- Monitor achievement of each property against financial objectives utilizing the review of monthly owners’ reports, quarterly inspections, and weekly operating reports. Work with Area Managers to correct unfavorable variances and improve NOI.
- Perform final review of monthly financial statements before sending to clients.
- Assist Regional VP in the due diligence, acquisition, and integration of new accounts.
- Assume other responsibilities as assigned.
- Responsible for recruiting, hiring, training, supervising, and evaluating all site personnel of assigned communities. Regional Manager should interview and give final recommendation for the hiring of all site personnel of assigned communities.
- Provide mentoring to Community Managers of assigned communities.
- Responsible for direction and coordination with the Accounting Department, the delivery of accurate and timely monthly property financial statements to the clients.
- Responsible for development, implementation, and delivery of annual budgets for all assigned communities.
- Responsible for setting and enforcing spending controls for all assigned communities and reviewing all variance explanations.
- Assist in the coordination of all capital improvement programs for assigned communities.
- Direct all marketing and advertising for assigned communities maximizing rental income and increasing occupancy rates.
- Work with Community Managers and staff to respond to resident issues. Follow through to ensure issues are resolved.
- Ensure that all required reports are completed accurately and in a timely manner.
- Maintain thorough product knowledge on all assigned communities and of competition in the assigned area.
- Ensure that established policies and procedures are followed
- Regional Manager will perform quarterly inspections for properties that are under his/her direction.
- Ensure property compliance with all applicable Affordable Housing programs, including but not limited to HUD Subsidy, USDA, RD, LIHTC, HOME and other state and local programs.
- Other duties, as assigned.
- Seven or more years in property/real estate management required
- Four or more years in management positions required
- Property level and Corporate level experience is strongly preferred
- Bachelors Degree or comparable industry experience required
- Masters Degree (MBA) and/or Certified Property Manager Certification (CPM) preferred
- HCCP or comparable tax credit housing certification preferred
- Moderate Real Estate and Management training experience required
Rate: 100K-120K
Benefits:
- Competitive salaries and bonuses
- Medical
- Dental
- Vision
- 401(k) plan with employer match
- Short term disability
- Long term disability
- Life/AD&D
- Paid Time Off
- 11 paid holidays
- Employee Assistance Program
- Career advancement opportunities
- Training and Development
EOE: Minorities/Females/Disabled/Veterans
Background Screening and Drug Test Required
Experience
Required- 4 year(s): Management experience
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
Benefits:
Health Insurance, 401K Plan, Vacation & Paid Time OffSalary : $100,000 - $120,000