Job Summary

The Director of Asset Management contributes to the execution and implementation of the strategies and programs that drive the financial and operational performance of the Development group by gathering and analyzing market and property data identifying opportunities for improving and/or operational performance, managing strategies that promote review or client satisfaction enhancement and performing other analytical tasks that support the daily operation of the business.

Develops and implements practices that achieve the financial, investment and operating goals of the asset ownership.

Essential Responsibilities

• Conducts financial analysis of multifamily development assets, including the creation of detailed pro-forma and financial models. Gathers, compiles, investigates and analyzes market data to identify market trends and prepares narrative memoranda, detailed reports, and market summaries that provide insights on both the property operation and market trends.

• Prepares and presents new investment committee memos, financing or disposition recommendations and updates on existing development assets.

• Monitors and reports on the status and progress of development pipeline projects, within an assigned region, including critical timelines and deadlines for tasks and activities. Identifies and communicates issues or problems that could adversely affect operations and/or delivery of the asset.

• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders and other key stakeholders, and appropriately manages on-going communications related to property management and development transactions.

• Develops documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).

• Leads the marketing and disposition process including contract negotiations and the due diligence of assets under contract and develops documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).

• Tracks variances against established budgets for hard and soft costs and, in concert with the developers and operations, provides recommendations for corrective action.

• Develops and implements new applications, programs, and other innovative business practices that drive increased revenue, client/customer satisfaction, efficiencies, and overall process improvements. Provides operational support to ensure the continued success of these efforts.

• Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region. Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.

• Works with internal teams and external parties to implement process improvements that drive increased revenue, reduced operating expenses, promote efficiencies and promote the overall performance of the asset(s).

• Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports.

• Oversees the coordination with consultants related to real estate tax protests.

• Prepares of annual asset level business plans including review of operating budgets, market analysis, real estate tax forecast and disposition strategy.

• Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.