What are the responsibilities and job description for the Senior Asset Manager position at Venterra Realty?
Description
ROLE: Senior Asset Manager
REPORTS TO: Vice President of Asset Management
LOCATION: Houston - Hybrid / Corporate Office in Houston
Atlanta, Tampa, Jacksonville, Louisville, San Antonio - Remote
Venterra Realty is a growing developer, owner, and operator of multifamily apartments with approximately 90 mixed-use and multifamily communities across 21 major US cities. Over 42,000 people and more than 18,000 pets call Venterra "home"! We are committed to improving the lives of our residents by delivering an industry-leading customer experience. Through the exceptional commitment and dedication of our approximately 900 team members, we’ve enjoyed tremendous growth and financial success over our 23-year history.
We’re thrilled to be recognized as a leading workplace with numerous prestigious awards year after year! In 2024 alone, Great Place to Work’s annual employee survey led to various workplace recognitions including being named one of the 2024 FORTUNE© Best Medium Workplaces , ranking #1 in our size category on the 2024 Best Workplaces in Real Estate list, and being celebrated as one of People Magazine's 2024 PEOPLE® Companies that Care .Anonymous Venterra Glassdoor reviews have also resulted in our becoming a five-time Glassdoor Best Places to Work winner.
Explore our communities at VenterraLiving.com , and visit Venterra.com to learn more about how we’re out-caring the competition by staying true to our value proposition: “We care more about renter experiences, which drives superior results.”
THE OPPORTUNITY
The Senior Asset Manager will play a key role within the Asset Management team, overseeing several strategic organizational objectives and partnering cross-functionally to achieve superior asset performance. The successful candidate will be able to take their deep asset knowledge to become the hub/the product manager of a group of multifamily assets that leverages expert resources from finance/accounting, capex and engineering as well as onsite operating personnel to put forth plans each year to optimize operating results at each property for which the Senior Asset Manager is responsible.
The Senior Asset Manager will possess an exceptional understanding of what makes multifamily assets achieve exceptional performance and to take this deep knowledge and apply it to the due diligence process for potential acquisitions and objectively determine whether a given asset under consideration for acquisition will be able to achieve the short and longer-term projections for both revenue and expenses while having the ability to determine the capex required to achieve these projections.
This position does not include direct staff supervision but requires leadership through influence, collaboration, and subject-matter expertise.
Key Job Responsibilities
ROLE: Senior Asset Manager
REPORTS TO: Vice President of Asset Management
LOCATION: Houston - Hybrid / Corporate Office in Houston
Atlanta, Tampa, Jacksonville, Louisville, San Antonio - Remote
- 35% overnight travel**
Venterra Realty is a growing developer, owner, and operator of multifamily apartments with approximately 90 mixed-use and multifamily communities across 21 major US cities. Over 42,000 people and more than 18,000 pets call Venterra "home"! We are committed to improving the lives of our residents by delivering an industry-leading customer experience. Through the exceptional commitment and dedication of our approximately 900 team members, we’ve enjoyed tremendous growth and financial success over our 23-year history.
We’re thrilled to be recognized as a leading workplace with numerous prestigious awards year after year! In 2024 alone, Great Place to Work’s annual employee survey led to various workplace recognitions including being named one of the 2024 FORTUNE© Best Medium Workplaces , ranking #1 in our size category on the 2024 Best Workplaces in Real Estate list, and being celebrated as one of People Magazine's 2024 PEOPLE® Companies that Care .Anonymous Venterra Glassdoor reviews have also resulted in our becoming a five-time Glassdoor Best Places to Work winner.
Explore our communities at VenterraLiving.com , and visit Venterra.com to learn more about how we’re out-caring the competition by staying true to our value proposition: “We care more about renter experiences, which drives superior results.”
THE OPPORTUNITY
The Senior Asset Manager will play a key role within the Asset Management team, overseeing several strategic organizational objectives and partnering cross-functionally to achieve superior asset performance. The successful candidate will be able to take their deep asset knowledge to become the hub/the product manager of a group of multifamily assets that leverages expert resources from finance/accounting, capex and engineering as well as onsite operating personnel to put forth plans each year to optimize operating results at each property for which the Senior Asset Manager is responsible.
The Senior Asset Manager will possess an exceptional understanding of what makes multifamily assets achieve exceptional performance and to take this deep knowledge and apply it to the due diligence process for potential acquisitions and objectively determine whether a given asset under consideration for acquisition will be able to achieve the short and longer-term projections for both revenue and expenses while having the ability to determine the capex required to achieve these projections.
This position does not include direct staff supervision but requires leadership through influence, collaboration, and subject-matter expertise.
Key Job Responsibilities
- Proactively identify potential value destruction and value generation through both onsite property visits and financial analytics and work with Operational teams to plan and execute to maximize opportunity.
- Monitor and review market trends, submarket data, and area supply indicators to develop maximization strategies at the portfolio and individual asset level.
- Partner with Finance Division to redefine standard AM functions such as budgeting, variance reporting, capital management, and forecasting - leveraging the unique skill sets of each group to ensure successful outcomes.
- Review monthly revenue and compliance reporting - producing investor and lender reporting while providing feedback and guidance to Property Management teams.
- Oversee the execution of value-add renovations/new construction projects to ensure underwritten profitability is achieved.
- Routinely develop, present, and implement property performance assessments
- Participate in underwriting multifamily properties with the ability to review market comp analysis, typical equity and debt structures, and various due diligence functions of Venterra’s acquisition process
- Bachelor’s degree with an emphasis on Real Estate, or other business-related field (Advanced degree preferred)
- At least 10 years of progressive experience in an Asset Management or Senior Operations function of Multifamily market
- Working knowledge of Real Estate Investments, Multifamily Property Management, and Asset Underwriting
- Strong Excel skills with financial modeling capabilities
- Strong analytical and organizational skills with a passion for attention to detail
- Self-starter with a strong sense of ownership, professional excellence, and assertive follow-through
- Competitive Base Salary and performance bonus.
- A robust package of Health (Medical (PPO), Dental, Vision), 401k matching, paid vacation suite benefits and employer-paid Short & Long-Term Disability, among other things.
- Educational Assistance / Reimbursement to support your drive to learn.
- 8 paid hours per year of Volunteer Time Off to serve the organization(s) of your choice.
- Access to thousands of employee discounts with BenefitHub.
