Position Purpose: The Asset Manager will conduct a variety of analysis and financial modeling to make decisions on how to operate or improve Northland’s premier, high-rise property in Los Angeles, CA. This role will provide recommendations to senior management on maximizing the long-term value of the property in addition to acting as a liaison between the third-party property management firm and investor relations to ensure expected cash returns and growth are achieved.
Essential Functions: The following list of essential job functions is not exhaustive and may be supplemented or changed as necessary.
- In conjunction with the property management team, develop annual business plans and operating and capital budgets.
- Develops and implements strategies to improve asset values and returns on investment.
- Expected to be on site at THEA at Metropolis or touring the market the majority of time.
- Performs financial analysis of the property operating results to identify trends, both good and bad, and the ability to present those findings to senior management in a concise and professional manner.
- Conducts regular financial review meetings with management and operations while partnering with the Regional Manager to reduce expenses.
- Develops pricing and marketing strategy for all revenue sources.
- Acts as a team member with all employees of the Northland while complying with all policies and procedures.
- Carries out other duties as assigned by Asset Management or Senior leadership.
Qualifications and Requirements: The individual must possess the following knowledge, skills and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.
- Bachelor’s degree in business administration, engineering, finance, or a related field with at least 3-7 years of real estate experience in multifamily asset management is required.
- Exposure to multifamily operations and capital projects is strongly preferred; prior experience with high-rise assets, third party management, retail and HOA would be ideal.
- Strong analytical skills with the ability to create financial models based on historical data and a set of assumptions extended out into the future.
- Excellent Microsoft Office and advanced Excel skills required.
- Exceptional written and verbal communication and drive success by achieving quantified financial operating goals for revenue, expense, and NOI.
- Has the ability to understand operations and the effect their recommendations have on day-to-day operations of the community.
- Demonstrated success in projects requiring independent judgment.
- Ability to exchange ideas, information, and opinions with others to arrive jointly at decisions, conclusions, or solutions.
- Ability to prioritize and plan work activities; uses time efficiently and develops realistic action plans.
- Ability to demonstrate accuracy and thoroughness and monitors own work to ensure quality.
- Willingness to perform a wide variety of tasks in order to achieve operational excellence and maximize property value.
- 5-10% travel is required for this role
Benefits Highlights:
- Anticipated Base Salary Range: $125,000 - $165,000
- Competitive Bonus Structure
- 401(k) + Company Match
- Medical, Dental, & Vision Insurance
- Generous PTO (including well-being time)
- 100% Employee Apartment Discount at the subject property
- Employee Assistance Program
- Educational & Vocational Assistance
Northland is a proud Equal Opportunity Employer and a Drug Free Workplace.
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