Job Description

Job Description

The Director of Asset Management is a financially driven, analytically minded leader responsible for maximizing portfolio performance across a growing multifamily platform. This role owns the financial oversight, strategic planning, and reporting functions of all stabilized and operating assets. The ideal candidate brings deep expertise in finance and accounting, strong command of property-level and portfolio-level financials, and the ability to translate data into clear operational strategies. Regular travel to properties is required to evaluate performance, collaborate with on-site teams, and ensure financial plans are being executed effectively.

Key Responsibilities

Financial Oversight & Reporting

• Lead all financial analysis, forecasting, and budgeting for a portfolio of multifamily assets.
• Oversee monthly, quarterly, and annual financial reporting—including variance analysis, cash flow forecasting, and capital planning.
• Maintain ownership of property-level P&Ls, balance sheets, operating statements, and capital expenditure tracking.
• Ensure financial statements accurately reflect operational performance; partner with accounting on reconciliations, accruals, and audit support.
• Monitor debt compliance, covenant tests, lender reporting, and reserve requirements.

Portfolio Strategy & Performance Management

• Develop and execute asset-level business plans to drive NOI growth, optimize operating expenses, and maximize asset value.
• Review property performance against underwriting assumptions; identify risks, opportunities, and required strategic adjustments.
• Analyze leasing, occupancy, rent roll trends, and competitive positioning across the portfolio.
• Drive revenue management strategies in partnership with property management leadership.

Property Visits & Operational Alignment

• Conduct regular site visits (30–40% travel) to evaluate performance, inspect physical conditions, assess staffing, and verify operational execution.
• Collaborate with regional managers and on-site teams to address operational inefficiencies and ensure alignment with financial goals.
• Review capital improvement progress and ensure projects remain on budget and on schedule.

Qualifications

• Bachelor’s degree in Finance, Accounting, Real Estate, Economics, or related field (MBA or MSRE preferred).
• 4+ years of experience in multifamily asset management, finance, accounting, or portfolio management.
• Strong understanding of GAAP, property accounting, and real estate financial statements.
• Advanced Excel and financial modeling skills; experience with Yardi, RealPage, or MRI preferred.
• Exceptional analytical, quantitative, and communication skills.
• Ability to travel frequently to assets (30–40%).
• Strong leadership presence with the ability to influence cross-functional teams.

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