Director, Asset Management
LOCATION
Washington, DC
QUALIFICATIONS
BA/BS degree in Finance, Accounting, Economics, Real Estate, or related field preferred; experience managing a team; proficiency in property management finance; advanced knowledge of MS Office; experience with management software like Yardi preferred; excellent communication and organizational skills.
RESPONSIBILITIES
Implement and manage strategic business plans and budgets, oversee reporting, collaborate with Accounting and Regional Directors for investor reporting, ensure governance, partner with Marketing for strategy implementation, forecast and budget processes, track NOI performance, report operational and financial metrics, provide leadership during acquisitions, and maximize revenue through pricing strategies.
INDUSTRY
Real Estate Asset Management
SHORT DESCRIPTION
The Director of Asset Management will lead efforts in business planning, budgeting, and reporting within the asset management team to enhance shareholder value while optimizing employee and resident experiences.
Position: Director, Asset Management
Reports to: Principal
Location: Washington, DC
Compensation: $119K to $125K annually, commensurate with experience
Benefits: Medical, Dental, and Vision insurance; Life, AD&D, and long-term disability insurance; 401k with company match; 12 paid holidays; 17 days of PTO; and other ancillary benefits.
The Director will partner with the Asset Management team to implement and manage business plans and budgets, as well as providing critical support for pricing and reporting.
Responsibilities
- In partnership with the VP of Property Management and the Asset Management team, implement strategic business plans and budgets for each property in the portfolio to drive maximum shareholder value, while providing outstanding employee and resident experience
- Oversee and insure timely reporting on all assets whether monthly or quarterly
- Working closely with the Accounting Team, Regional Directors and the VP of Development provide monthly and quarterly investor reporting
- In partnership with Regional Managers, implement and support a high level of governance
- Partner with the Marketing team to make strategic recommendations, implement and support strategy
- Oversee forecasting and budgeting processes in collaboration with Property Management team
- Understand and track NOI performance across the portfolio
- Report on critical operational and financial metrics to senior leadership and investors
- Provide leadership and support during property underwriting, acquisitions, refinance, and owner transitions
- Maximize revenue by developing and executing pricing strategy through market research and communication with property management team
- Develop Associates and Analysts for improved management efficiencies and/or performance
- Communicate strategies in collaboration with Property Management team, define success, and benchmark
- Provide ad hoc analysis for changing operations trends and investor relations priorities
Qualifications
- BA/BS degree in Finance, Accounting, Economics, Real Estate, or related field preferred
- Experience managing a team
- Roles with progressively more responsibilities in multifamily and commercial asset management
- Highly skilled in property management finance, including budgeting, forecasting, financial statements, pro forma analysis, and market analysis
- Advanced knowledge of MS Office (Excel and Word) required
- Previous experience with industry specific management software, such as Yardi and Yieldstar strongly preferred
- Excellent verbal and written communication
- Demonstrated leadership and organizational management skills, including strong people skills
- Strong customer service orientation and ability to champion through daily interactions
UIPAM is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.
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