Vice President, Asset Management (Atlanta, GA)

To apply for this job email your details to jobs@acgpro.com

Position Summary:

Company is seeking an Asset Management Vice President to serve in its Atlanta office.

Required Experience & Education

This is a new growth created opportunity in search of a proactive leader and effective communicator who will serve as a trusted advisor working directly for a very well respected, well established “best in class” real estate owner, developer/builder & private equity investment & asset management firm.  This individual will play a key role in the administrative, financial, capital & operational management for a portfolio of assets.  The Asset management duties will include new developments & stabilized properties with responsibilities across the full life cycle of deals from underwriting, analysis, development, through construction, lease up and stabilization.

Skills Overview

Exceptional written, verbal, and financial analysis skills are required, as are sophisticated Excel modeling and the ability to produce top quality presentation materials (MS Word, Excel, PowerPoint).  Successful candidates must possess a strong work ethic, be detail-oriented, and be committed to meeting deadlines.

  • Ability to communicate clearly and effectively, gain the trust and confidence of others, work cooperatively with a variety of individuals, and project a positive, proactive attitude
  • Ability to define problems, collect data, establish facts, and draw valid conclusions. Willing to question assumptions, demonstrated skills in financial modeling
  • Demonstrated strong interest in real estate investment and management
  • Ability to work on a wide variety of assignments concurrently, self-direct and prioritize, and work flexible hours to meet project deadlines
  • Accuracy and attention to detail is critical

 Responsibilities & Duties

  • The Asset Manager will be responsible for the entire spectrum of asset management for a growing portfolio of “new development/construction” deals as well as managing new lease ups and existing stabilized assets within the portfolio.
  • Monitor the construction, lease-up, compliance, and on-going management for a portfolio of assigned properties.
  • Manage the takeover of new assets and ensure a smooth and successful transition into the portfolio.
  • Responsible for portfolio modeling, valuation, summary analysis and presentation to internal and external customers (executive leadership, investment committee, partners, etc.).
  • Act as a point expert in each market where properties are assigned, with a strong knowledge of competitive apartment communities, the development pipeline and other economic drivers that could impact asset performance.
  • Collaborate with the operations team (i.e. affiliated property management company) to oversee leasing and budgeting for the portfolio while reporting internally and externally significant strategic shifts or variances.
  • Provide direction to the operations team regarding the development of and successful execution on operating budgets, capital investment plans, leasing/marketing plans, cost control strategies, risk management strategies, and other significant operational items with the goal of increasing/maximizing value.
  • Significant involvement in capital raising and investor relations through the creation of presentations, responding to questions, and attending meetings.
  • Oversee the portfolio model including inputting information, formulating achievable market rate rent levels and model assumptions for assets, and running various scenarios.
  • Responsible for hold/sell recommendations as well as helping manage the refinancing or disposition of properties.Engage, manage and review yearly appraisals of properties within the portfolio.
  • Prepare quarterly and annual asset, portfolio and market reports for investors while working with accounting and development to ensure accurate and timely reporting.
  • Respond to special requests for information from investor and capital clients in a professional manner and on an expedited basis.
  • Conduct periodic property inspections and report findings.
  • Assist with operating budgets, tax returns and annual audits for assets in the portfolio.
  • Establish and manage relationships with all entities and agencies involved with assets.

Requirements:

  • 8+ years of commercial real estate asset and financial analysis & management experience.
  • Bachelor in related field required.  MBA a plus.
  • Experience with multifamily properties preferred.
  • Effective communication and presentation skills.
  • Solid understanding of real estate concepts, financial analysis, and strong organization and prioritization.
  • Proficiency with Microsoft Excel and Power Point as well as working experience with financial modeling software.
  • Ability to work effectively in a fast moving environment.

To apply for this job email your details to jobs@acgpro.com

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