Real Estate Asset Manager

Company Overview

The BAM Companies (BAM) began in 2010 in the heart of Indianapolis. Affectionately referred to as the “BAMFAM” by its employees, the company is dedicated to changing the way property management operates. A property management company focused on achieving maximum benefit for residents, owners, and investors, BAM always acts with a focus on its core values of: Growth, Fun, Family, and Work-Life Balance. In utilizing industry knowledge, the strengths of the team, and market expertise, BAM is a company that knows how to succeed! We encourage you to join this winning team, and grow with us.

Summary

The Asset Manager will work side-by-side with the Vice President, Asset Management in order to provide The BAM Companies with the most up-to-date, accurate, and useful information possible. The goal of the position is to continue the company’s history of a hunger for growth both personally, and at every level of the organization. This position is one that will chart a path for the company, keep track of miscellaneous and outstanding details, and support departmental and company leadership in each and every endeavor.

A successful person in this new and rewarding role is someone who can take on new tasks and challenges suddenly, can reroute last minute based on new information, is teachable, and is able to creatively think of solutions to everyday challenges.

Essential Job Functions

Asset Management

• Perform rigorous financial analysis and modeling related to the execution of asset management initiatives including leasing, asset repositioning, and improvements to operational efficiency.
• Conduct financial analysis to evaluate potential approaches to maximize return on investment.
• Researching and recommending innovative strategies and technologies that can drive performance and value to the portfolio.
• Conduct quarterly site inspections to evaluate physical condition, operations, and competitive market conditions.
• Collaborating with the investor relations team on accurate and thorough investor reporting each quarter
• Working with valuation models and maintaining accuracy.
• Monitoring investment and property performance to preserve & increase the value of the investment throughout the asset life.
• Review of property financials and narratives on a monthly basis.
• Staying abreast of business and market trends and providing recommendations for expense savings and income opportunities.
• Assess performance of the assets relative to original underwriting strategies or business plans, competitors, and market conditions.
• Working with property management teams to drive asset performance in accordance with the approved budget and business plan.
• Maintaining business relationships with general partners/developers, management agents, lenders, contractors, and third-party consultants as it relates to the flow of relevant and timely asset related communication.
• Analyzing data and presenting actionable recommendations to senior leadership on a monthly and quarterly basis, driving performance relative to the original underwriting strategies or business plans.
• Reviewing and gaining understanding of legal documents such as loan agreements, guarantees, and promissory notes, and coordinating with borrower and respective staff to ensure the loans remain in compliance.
• Working with property managers to develop a written, defined plan for prompt turnaround of underperforming assets within assigned portfolios.

Finance

• Assist with deal processing from application to closing, including the coordination and review of third-party reports, collection of borrower/property-level due diligence, and coordination with lender’s counsel and title/survey review.
• Assist with the review and analysis of third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments, and Operations & Management (O&M) Reports.
• Assist with maintaining a checklist of closing items to ensure and facilitate completion of each item prior to close.
• Ensuring cost segregation and tax appeals are performed at all assets with favorable outcomes achieved per the asset strategy.
• Assessing performance of the assets relative to original underwriting strategies or business plans and industry benchmarks.
• Working with joint venture partners, construction management, property management, and accounting teams to ensure effective management of lender / construction draws, reserves and lender holdbacks within the assigned portfolio.
• Working closely with internal and external property management teams to review, approve, build, and manage capital expenditures budgets for assets.
• Performing financial analysis of properties including operating statements, budget variance review, loan administration, lease analysis, and any other relevant reporting or documentation.
• Assisting with the tracking and procurement of rate caps and other hedges/interest rate management products

Acquisitions and Dispositions

• Assist in the broker’s opinion of value processing in conjunction with analyzing potential dispositions and maintaining exit models and maintaining accuracy.
• Assist in preparing the due diligence materials and coordinating its delivery to the Buyer during the sale process.
• Maintain a checklist of closing items, including PSA required items and Operations’ closing items.

Job Requirements

• Look for key opportunities and take a proactive approach to analyses; initiate proactive projects to uncover key insights.
• Lead and build internal collaborative environments to drive analysis-driven change of management initiatives through the organization.
• Communicate effectively at all levels of the organization through both verbal and written communication skills.
• Have an in-depth understanding of competitors within our target markets.
• Multi-task and juggle various projects simultaneously.
• Effectively prioritize with a sense of urgency.
• Develop and deliver effective presentations.

Competencies

• Ability to build complex models from scratch
• Excellent financial analysis skills
• High level of proficiency in Excel, Word, and PowerPoint
• Experience with Entrata (strongly preferred), Appfolio or a similar property management software
• Experience with Dealpath or a similar deal management software is a plus, but not required
• Experience with Costar or similar commercial real estate market data/research software
• Self-motivated and hard-working with strong attention to details
• Excellent time management and organization skills

Required Education and Experience

• Experience working with operations teams including property management, accounting and finance, legal, etc.
• Bachelor’s Degree with strong academic record or equivalent experience.
• 3-5 years of relevant real estate or financial services experience in investment banking, lending, private equity, a REIT, or real estate operating company

Benefits

BAM offers a comprehensive benefits package that includes some out-of-the-box choices, but things being different and that challenge conventional wisdom is how we always operate.

• Paid Time Off - Upon starting each employee already will be able to enjoy all 14-and-a-half paid holidays that BAM observes! On top of that, when each employee hits their 90th day, we drop 88 hours of PTO into each person’s account. That only goes up on the employee’s first BAM-iversary when we add another 120 hours into each person’s bank.
• Traditional Medical and Health Benefits - We all need them, and BAM provides them at a bargain! Each year the company chooses to contribute a larger portion of the total benefits cost in an effort to not raise the employee’s contribution and lower it if possible. This package includes: medical, dental, vision, voluntary life, short-term disability, long-term disability, and a small pet benefit option.
• Company Culture - BAM strives to have and succeeds in always having the small company feel. You will never be a number, and will always be valued. We live out our values: (1) When People Grow, BAM Grows, (2) Loyal, Loving Family, (3) Fun, Quirky Spirit, and (4) Work Hard, Play Hard, WIN!
• Free Life Insurance - The company pays for $25,000 in life insurance free of charge to each and every employee.
• Personal & Professional Development - BAM pays for unlimited access to MytrueU which is a site that aggregates incredible community leaders and asks them to share their lessons learned, in order to enrich others.
• Events - BAM spares no expense in order to plan events for the entire company. No matter where the employee is working, we ensure that everyone can get together and live out our Core Values.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. While performing the duties of this job, the employee is regularly required to talk and/or hear. The employee frequently is required to stand, walk, use hands and fingers to handle or feel, and reach with hands and arms. The employee must occasionally lift or move office products and supplies, up to 20 pounds.

Position Type/Expected Hours of Work

This is a full-time position; hours of work will vary Monday - Friday.

Travel

This is a primarily local assignment during the business day, although some out-of-area travel may be expected.

Work Authorization

Authorized to work in the United States of America.

AAP/EEO Statement

The BAM Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, The BAM Companies complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

The BAM Companies expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of The BAM Companies’ employees to perform their job duties may result in discipline up to and including discharge.

Communication Release

By applying for this position or showing interest to a team member, you agree to receive emails and text messages from Barratt Asset Management, LLC (The BAM Companies).If you want to stop receiving these communications, you can respond to a team member's call or message and request to be unsubscribed, which will then end the communication from us.

Job Type: Full-time

Pay: From $95,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Retirement plan
• Tuition reimbursement
• Vision insurance
• Volunteer time off

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Ability to Commute:

• Carmel, IN 46032 (Required)

Ability to Relocate:

• Carmel, IN 46032: Relocate before starting work (Required)

Work Location: In person

Salary : $25,000 - $95,000