What are the responsibilities and job description for the Asset Manager position at The Quest Organization?
A private real estate investment and management firm is seeking an Asset Manager to oversee a portfolio of owned multifamily assets. This role is responsible for driving operational performance, enhancing financial results, overseeing capital improvement plans, and managing insurance and property tax matters. The successful candidate will combine strategic thinking with hands-on execution to maximize asset value and mitigate operational risk.
Responsibilities:
- Oversee third-party property management teams to improve revenue, control expenses, and protect asset value.
- Create annual business plans, budgets, and capital improvement strategies.
- Coordinate with contractors, engineers, attorneys, and accountants on property operations and initiatives.
- Lead day-to-day operational oversight, resolve issues, and participate in weekly operations and leasing calls.
- Review financial, leasing, and operational reports to identify performance trends and issues.
- Manage multiple projects across various phases while meeting deadlines in a high-volume environment.
- Prepare and review financial packages, loan compliance documentation, and construction draw requests.
- Monitor leasing activity, concessions, occupancy, and rent collections.
- Conduct feasibility analyses for rent strategies, capital projects, and operational improvements.
- Interpret leases, loan documents, and service contracts to support decision-making.
- Oversee capital projects from planning to completion, ensuring quality and adherence to timelines.
- Administer insurance programs, including premiums, COIs, claims, and portfolio-wide compliance.
- Support acquisition due diligence, onboarding, refinancing, and dispositions.
- Maintain active market knowledge to benchmark performance and inform strategy.
- Conduct regular site visits and property inspections.
- Perform ad-hoc analysis and special projects as needed.
Qualifications:
- Bachelor’s degree in a related field.
- 5 years of experience in real estate asset management or multifamily operations.
- Strong analytical skills and proficiency in financial modeling and reporting.
- Highly organized, detail-oriented, and able to manage several projects independently.
- Strong communication skills and ability to build strong relationships with internal and external partners.
- Proficient in MS Office Suite; experience with Yardi, or similar property management systems.
- Ability to thrive in an entrepreneurial, fast-paced environment
Salary : $150,000 - $160,000