Job Description
Overview At RPM, we're in the business of extraordinary. We believe people-first is the way to success which is why we provide top industry pay, comprehensive benefits, and a path of upward mobility via career training and education. Join us and start your extraordinary journey today.
Position Summary The Asset Manager provides strategic oversight and financial stewardship for a portfolio of real estate assets, ensuring optimal performance and alignment with each property's business plan. This role is responsible for analyzing financial and market data, identifying performance drivers, and formulating revenue and operational strategies to maximize asset value. The Asset Manager collaborates closely with operations teams, senior leadership, and external partners, offering insights and recommendations on property performance, marketing, capital projects, and investment opportunities.
Responsibilities - Provide strategic oversight of a portfolio of assets, to include:
- Financial reporting and analysis to monitor property performance.
- Identification of property-level and market trends and formulate strategies to maximize the value of each asset in accordance with its business plan.
- Develop and maintain effective revenue strategies to strengthen revenue performance of assets across diverse markets
- Diagnose and respond to inquiries from senior leadership and external partners regarding property performance, market challenges, occupancy issues, and other drivers of asset financial performance.
- Partner with, assess, influence and performance manage operational teams within the assigned portfolio.
- Conduct periodic site visits to assess performance, evaluate market conditions, and establish strategic initiatives.
- Review marketing programs and pricing for portfolio assets.
- Compile monthly and quarterly reports for equity partners.
- Perform cash flow analysis and generate distribution recommendations.
- Monitor the status of renovation and capital improvement projects and perform return on investment calculations.
- Assist in preparing the construction budget and management of construction draws from debt and equity sources.
- Ensure compliance with loan agreements and manage all aspects of loan administration, including reporting and covenant monitoring.
- Assist with acquisitions, recapitalizations, and dispositions within the portfolio by providing analytical and operational support.
Education and Experience - Bachelor's degree in Finance, Business, or related field. Experience may substitute for education.
- Five years' experience including two years of prior multifamily asset management experience.
- Knowledge of real estate asset management principles, including value creation strategies and portfolio optimization
- Knowledge of financial reporting, budgeting, forecasting and variance analysis.
- Knowledge of real estate finance concepts such as cash flow modeling, ROI,IRR and cap rates.
- Knowledge of capital improvement planning, renovation processes and construction budgeting.
- Skilled in financial modeling and tools such as Excel and property management software (Yardi, RealPage)
- Skilled in written and verbal communication wit the ability to present financial performance and recommendations to executive leadership and partners.
- Ability to manage multiple assets, deadlines and stakeholder expectations.
- Ability to analyze complex data sets and financial information using quantitative methods to support strategic decision making and problem solving
- Ability to identify performance trends and recommend data-driven strategies to maximize asset value.
- Skilled in interpersonal communication with the ability to build relationships with stakeholders
Qualifications Physical Requirements: - May be required to sit or stand for extended periods of time
- Must be able to read documents, computer screens and data
- Must be able to hear and understand verbal communications in person and over the phone or computer
- May occasionally be required to lift or carry items such as files or office supplies weighing up to 15 pounds
- Must be able to operate a computer, keyboard, mouse and other office equipment
Work Environment: - This is a hybrid role, requiring the associate to work in one of our corporate or regional offices three or four days per week based on manager's discretion
- The office is an open setting which may include bright lights, constant noises and distractions
- This role may require overnight travel quarterly
Company Information Join RPM Living and experience exceptional benefits designed to enhance your life.
- Weekly pay for all associates working onsite at an apartment community
- Comprehensive healthcare coverage available for all full-time, regular associates
- Employer-paid employee assistance, mental health, and wellness programs
- Ancillary benefits including critical illness, hospital indemnity, and accident insurance
- 401(k) with robust company match
- Opportunities for professional development, career growth, and role-based learning plans
- Diversity, Equity, Inclusion and Belonging (DEIB) and multiple Employee Resource Groups (ERG)
- Paid time off plus floating holidays and volunteer days
- Discounted Perks (Costco membership, movie tickets, health & wellness, entertainment & travel discounts)
Employment with RPM Living is contingent upon successful completion of a background check as local and federal state requires, and possession of a valid driver's license.
RPM Living participates in E-Verify. For more information, see the E-Verify Participation Poster and the Right to Work Poster.
RPM Living is an Equal Opportunity Employer.
Job Tags
Weekly pay, Full time, Start working today, Work at office, Local area, Night shift, 3 days per week,