10 Asset Management Associate Jobs in Rockville, MD
Victory Housing, Inc. is Hiring an Asset Management Associate Near Rockville, MD
The Asset Management Associate will manage a portfolio of senior and affordable housing assets, with a focus on maximizing value and minimizing risk. The Asset Management Associate will work closely with the Asset Management team to implement strategic initiatives and improve operational performance. The ideal candidate will have a deep understanding of the real estate market, strong analytical skills, excellent communication skills, and a proven track record of maximizing asset performance.
Key Job Responsibilities
- Analyze and manage the financial and physical performance of a portfolio of senior and affordable housing properties.
- Review and analyze operating results to identify areas of opportunity for cost savings and increased revenue. Present results and recommendations to senior leadership team.
- Collaborate with the Property Management, Finance, Development, and Accounting teams, to ensure alignment with overall business objectives and ensure seamless operations.
- Participate in regular meetings with senior management to discuss portfolio performance and strategic initiatives.
- Support efforts to improve overall energy efficiency by identifying opportunities and funding sources to help meet organization’s resiliency goals.
- Conduct regular property inspections.
- Assist in the preparation of property budgets.
- Participate in due diligence and overall transaction support.
- Track and report insurance claims.
- Manage Capital Expenditure process, including directing budget process, reviewing unbudgeted requests, and managing replacement reserves.
- Prepare the monthly financials dashboard and provide an analysis of opportunities identified.
- Follow up with Regional Managers on variance questions regarding expense overages and income shortfalls.
- Manage Subsidy Programs, including review of rent and expense increases; ensure rent studies and Utility Analysis are being completed in accordance with individual contracts. Confirm accurate audit, insurance, and tax expenses.
- Bachelor’s degree required, preferably with course work in finance, economics, real estate, or related fields.
- Demonstrated interest in affordable housing and/or senior housing or related areas.
- Experience in real estate finance, asset or property management, preferred, particularly in affordable housing real estate.
- Strong writing and presentation skills, with the ability to analyze data and present information.
- Ability to work both independently and on a team, as well as to multi-task and meet deadlines.
- Proficiency with Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi and Smartsheet also helpful.
- Strong communication skills.
- Able to work in office or in the field, as directed.
Job Summary
Full Time
$90k-132k (estimate)
05/31/2024
07/22/2024
victoryhousing.org
Bethesda, MD
100 - 200
Related Companies
The job skills required for Asset Management Associate include Asset Management, Analysis, Leadership, Presentation, Accounting, Economics, etc. Having related job skills and expertise will give you an advantage when applying to be an Asset Management Associate. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Asset Management Associate. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Asset Management Associate positions, which can be used as a reference in future career path planning. As an Asset Management Associate, it can be promoted into senior positions as an Asset Management Administrator III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Asset Management Associate. You can explore the career advancement for an Asset Management Associate below and select your interested title to get hiring information.
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