What are the responsibilities and job description for the Vice President Of Asset Management position at BDA Recruitment & Consulting?
The Vice President of Asset Management (Operations - VPAM) is a key leadership role responsible for overseeing the efficient and profitable operation of a diverse multifamily property portfolio. This position serves as a critical link between executive leadership and regional management teams, ensuring optimal performance across all assets.
Compensation
Base Salary : $140,000 per year
Annual Performance Bonus : Up to $65,000
Schedule
Full-time, minimum 40 hours per week
Occasional evenings, weekends, and off-hours as needed
Travel : 25% in office / remote, up to 75% Travel required (visiting properties / assets)
Reporting Structure
Reports to :
Senior Vice President, Asset Management
Executive Leadership Team
Primary Responsibilities :
Financial Oversight
Review and approve expenses up to $15,000
Oversee revenue management and rent pricing strategies
Monitor delinquency levels and work with legal counsel on complex cases
Assist in annual budget preparation and ongoing financial analysis
Team Leadership
Directly manage Regional Managers across multiple markets
Provide mentorship, problem-solving support, and performance management
Serve as interim coverage during Regional Manager absences
Train new Regional Managers as needed
Operational Excellence
Ensure timely execution of lease renewals, rent collections, maintenance, and move-in processes
Lead weekly pricing strategy meetings with regional teams and third-party partners
Oversee ancillary revenue streams and leasing concessions
Manage vendor relationships and negotiate service contracts
Asset Performance
Conduct quarterly site inspections of properties
Develop and implement action plans for property improvements
Oversee preventative maintenance programs
Collaborate with maintenance teams on small to medium-sized renovation projects
Strategic Initiatives
Assist in developing and implementing new operational procedures
Participate in due diligence for potential acquisitions
Support the rollout of training initiatives and policy updates
Represent the company in interactions with local government entities
Qualifications
Extensive experience in multifamily property management or asset management
Strong financial acumen and budgeting skills
Excellent leadership and communication abilities
Proficiency with property management software and data analysis tools
Willingness to travel regularly for site visits and team meetings
Travel Requirements
Regular travel to properties within the portfolio (primarily regional, some national)
Occasional travel for acquisitions due diligence or industry events
Job Type : Full-time
Pay : $145,000.00 - $205,000.00 per year
Benefits :
401(k)
401(k) matching
Dental insurance
Health insurance
Paid time off
Vision insurance
Compensation Package :
Quarterly bonus
Schedule :
8 hour shift
Day shift
Evening shift
Monday to Friday
Weekends as needed
Experience :
Asset / Apartment Property Operations Management : 5 years (Required)
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