Senior Asset Manager

Position Summary

The Senior Asset Manager serves as the ownership representative, focused on asset-level financial performance and strategic value creation. The Senior Asset Manager is responsible for maximizing the financial performance and long-term value of a multifamily portfolio of approximately 5,000 units under common ownership. This role oversees asset-level strategy, capital planning, financial performance, and risk management, while working closely with the affiliated Property Management and Development companies.

This position does not oversee day-to-day property operations, but provides strategic direction, performance oversight, and accountability to ensure properties achieve underwriting assumptions, business plan objectives, and investor return targets.

Qualifications

• 7–10+ years of multifamily asset management or institutional real estate experience
• Strong financial modeling and analytical capabilities
• Deep understanding of multifamily operations and capital structures
• Experience overseeing third-party or affiliated property management
• Ability to synthesize financial, operational, and market data into actionable strategy
• Bachelor's degree required; advanced degree (MBA, MSRE, CPA) preferred

Core Responsibilities

Portfolio Performance & Financial Oversight

• Monitor and analyze monthly financial statements, KPIs, and variance reporting.
• Proactive identification and refinement of key performance indicators to ensure metrics remain aligned with asset strategy, market conditions, and ownership objectives. Evaluate property performance against underwriting, annual budgets, and long-term business plans.
• Identify performance gaps and develop corrective strategies in partnership with Property Management.
• Oversee rent growth strategy alignment with market conditions and portfolio objectives.
• Track and drive NOI growth, expense efficiency, and return metrics (IRR, equity multiple, yield on cost).
• Ensure property performance aligns with portfolio-level financial targets and capital allocation strategy.

Business Plan Execution

• Develop and maintain asset-level business plans.
• Identify and oversee execution of value-add initiatives, repositioning strategies, and revenue enhancement programs.
• Ensure investment objectives and hold/sell strategies are continuously evaluated.

Capital Planning & Investment Strategy

• Lead capital expenditure planning and prioritization across the portfolio.
• Perform financial modeling to evaluate returns, payback periods, and asset value impacts of capital and renovation initiatives. Provide strategic oversight of capital improvement initiatives executed by Development and Construction teams.
• Participate in refinancing analysis, disposition analysis, and acquisition underwriting (as applicable).
• Support debt compliance monitoring and lender reporting requirements.

Property Management Oversight (Strategic, Not Operational)

• Evaluate and approve annual operating budgets proposed by Property Management.
• Hold Property Management accountable for performance metrics including:
• • Occupancy
  • Revenue growth
  • Expense control
  • Bad debt management
  • Leasing velocity
  • Resident retention
• Participate in regular portfolio performance meetings.
• Review and approve major contracts, and advise on staffing models and material operational changes.

Risk Management & Governance

• Partner with Insurance/Risk team on claims trends and loss prevention strategies.
• Monitor regulatory compliance trends impacting multifamily assets.
• Identify operational or financial risks affecting asset value.
• Ensure adherence to ownership governance policies and reporting standards.

Reporting & Investor Communication

• Prepare quarterly and annual asset performance summaries.
• Prepare materials supporting Portfolio Management reporting to executive leadership, boards and partners. Provide executive-level insights on portfolio health, trends, and market positioning.

Market & Strategic Analysis

• Monitor submarket fundamentals including:
• • Supply pipeline
  • Rent comparables
  • Demographic shifts
  • Competitive positioning
• Utilize market insights, competitive analysis, and asset performance data to inform all strategic recommendations.

Why Work for Us?

In addition to a variety of excellent benefits, the salary range for this role is $160,000 - $190,000 annually. Actual compensation will depend on the candidate's qualifications and experience.

• Health Insurance including Dental & Vision Insurance + FSA
• 401(k) Retirement Plan with Company Match
• Competitive salary
• Life Insurance
• Long-term Disability Insurance
• 9 paid Holidays and PTO
• Support employee development and professional organizational memberships
• We encourage career growth

We are an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, marital or veteran status, or any other legally protected status.