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Sherman Residential is Hiring an Asset Management Analyst Near Northbrook, IL
Job Description
Important location requirement: This is a HYBRID role based out of our Northbrook, IL office. We kindly request that only candidates residing in the local area, and who are able to commute to Northbrook, IL 2x a week to apply.
Asset Management Analyst - Multifamily PortfolioSherman Residential is an innovative privately held real estate investment firm. Our focus is on quality multifamily apartments across the United States. Since 1990, we have acquired over 27,000 apartments with assets under management during that time of over $2.8 billion. Our focus is on providing superior living environments, exceptional customer service and outstanding investment returns. We purchase existing assets and focus on interior unit renovations, amenity improvements and evaluate rent repositioning opportunities. We are currently searching to add to our corporate team to better support our diverse portfolio of communities and staff.
Sherman Residential Northbrook, IL www.shermanresidential.com
Job Summary:We are looking for an experienced Analyst who shares our passion for providing the best-in-class experience to our residents. Our ideal candidate is detail oriented, analytical, and intellectually curious and enjoys working collaboratively. The candidate will work together with the executive team and have daily interaction with our COO/CFO, Vice Presidents, and Asset Management.
Reports to: Asset Management Manager
Wage Status: Exempt – $58,000 to $73,000 annually, depending on experience bonus
Primary Duties:- Maximize the total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance
- Develop and execute annual operating budgets, cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
- Collaborate across all departments (operations, asset management, accounting)
- Develop and execute cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
- Evaluating and underwriting potential new multifamily investment opportunities using an Excel- based model. The evaluation process may include, but is not limited to, the following activities: reviewing P&L statements, rent rolls, and tax statements; researching and analyze demographic and economic market data
- Ability to build and maintain positive vendor relations
- Ability to assist and manage multiple projects concurrently and implement rapid changes in project direction
- Oversight and execution of adherence to local government permitting and inspection requirements
- Assist in the asset management of portfolio properties
- Collaborate with on-site managers to boost resident retention
- Build and maintain financial models, review leases, property financials and third-party reports
- Supporting senior management in executing and closing on transactions
- Monitor expenses and variances to maximize efficiencies
- Prepare periodic property management reports for distribution to the Ownership, Vice Presidents, and Asset Management
- Travel to real estate locations, client meetings, and internal meetings on an as needed basis
- Attend various training and informational seminars to keep abreast of new policies and procedures
- Take initiative in identifying problems and providing suggested solutions
- Review and compile market data to ensure fair market value of properties
- Utility Billing and collection analysis
- Other general operational tasks to assist portfolio
Essential Job Functions
- This position will be based out of the corporate office in Northbrook, IL (Hybdrid Schedule)
- Commitment & enthusiasm towards achieving Sherman Residential goals and visions
- Solution oriented, critical thinker with the ability to make thoughtful decisions
- Solid relationship-building skills and a propensity to work cooperatively and effectively with a diverse group of people
- Strong oral and written communication skills
- The ideal candidate should possess industry skills and be sensitive to the needs of the staff and residents we serve
- Passionate about real estate, finance, investing, and/or private equity
- Candidate must have 2-4 years of work experience in Real Estate or Finance and bachelor’s degree in Finance, Real Estate, or related field
- Strong time management skills and ability to multi-task
- Advanced skills with Microsoft Excel; Yardi experience a plus
- The ability to travel 30% of the time
- Comply with expectations as demonstrated in the Employee Handbook
Job Summary
Full Time
$54k-72k (estimate)
05/03/2024
05/16/2024
shermanresidential.com
NORTHBROOK, IL
50 - 100
1922
MARK PUTTERMAN
$10M - $50M
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About Sherman Residential
Sherman Residential, a division of Benj. E. Sherman & Sons, Inc., is a family owned Chicago-based real estate firm that focuses on apartment ownership and management around the United States. We are best known for our commitment to maintaining beautiful apartment communities, our exceptional customer service and our outstanding investment opportunities which have generated excellent annual investor returns since 1990. The history of our company goes back to 1922 when Benjamin E. Sherman, the firm's founder, opened a small office on the West Side of Chicago. Benjamin initially focused the compa ...
ny on Chicago based residential and commercial real estate transactions. In 1948, Benjamins son Leonard Sherman joined the family business and expanded the focus. He not only grew the commercial real estate to encompass larger commercial office buildings in the downtown Chicago area but also became one of the countrys leading condo developers. Leonards son, David Sherman, joined the firm in 1986. David saw an opportunity to shift the company focus from buildings to communities. He concentrated his efforts into the multifamily apartment business. The company purchased its first community in 1990 and under Davids direction we continue to thrive and expand our multifamily portfolio. In 2002 we rebranded Benjamin E. Sherman and Sons as Sherman Residential to reflect the new focus and direction of our national multifamily housing business. Since 1990 Sherman Residential has acquired over 19,400 apartment units and over 60 communities. As a third generation family owned company, our family roots still remain. We continue to pursue our goal of being the best owner and operator of multifamily properties in the United States. Every day we strive to provide outstanding service to our residents, challenging and rewarding opportunities for our associates and a place for our investors to achieve stable returns while minimizing investment risks.
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The following is the career advancement route for Asset Management Analyst positions, which can be used as a reference in future career path planning. As an Asset Management Analyst, it can be promoted into senior positions as an Asset Management Administrator II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Asset Management Analyst. You can explore the career advancement for an Asset Management Analyst below and select your interested title to get hiring information.
