What are the responsibilities and job description for the Vice President of Asset Management position at Coastal Ridge Real Estate?
What You’ll Do:
As the Vice President of Asset Management, you’ll oversee all asset management and financial planning responsibilities for a growing portfolio of approximately 12-15 diverse multifamily/student housing assets. These responsibilities include: oversight and execution of the investment’s operational business plan and financial strategy, communication with internal and external stakeholders, portfolio analysis, capital improvement oversite, hold strategy planning and disposition execution.
Where You’ll Work:
Located in downtown Columbus, Ohio, our corporate offices overlook the Columbus Commons which plays hosts to over 200 events throughout the year. Enjoy the building’s fitness center and rooftop terrace with adjoining clubroom and walk to some of the city’s best restaurants and downtown amenities.
What You’ll Own:
- Own and adapt each asset’s business plan from acquisition through disposition.
- Collaborate with our Operations and CapEx teams to direct capital improvement and value add initiatives.
- Analyze financial statements provided by property management monthly to monitor operational execution and identify new opportunities to drive asset performance.
- Stay current with all factors affecting markets and submarkets associated with the portfolio, including demographics and changes in supply and demand.
- Support our acquisition team’s underwriting and business plan development for deals in their pipeline.
- Complete monthly investment cashflow analysis for performance monitoring and ownership distributions.
- Conduct monthly meetings with respective investors to review updates and highlights
- Conduct annual on-site property reviews and inspections.
- Review and approve annual operating budgets in conjunction with property management team.
- Other duties as directed and assigned.
What You’ll Bring:
- Bachelor’s degree in real estate, management, economics, finance or accounting
- 7-10 years of real estate, asset management, property management and/or investment experience in the multifamily space
- Strong understanding of real estate investment and asset management principles
- Extensive experience with Microsoft Office products, especially Excel
- Strong communication, problem solving and organization skills
- Experience with student housing and conventional multifamily asset types
Who You Are:
- A financially savvy individual. You know your stuff when it comes to multifamily real estate investment strategy, can manage your own, and a project’s expenses, and understand that leasing is our first priority.
- Strategic, creative thinker. You have a track record of using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- A detail-oriented individual. You pay attention to the small things that make a big difference. You look at information with a discerning eye to ensure its accuracy.
Our Company:
Built on the foundation of over 20 years of friendships, Coastal Ridge is a vertically integrated multifamily real estate operator, investor, and developer whose unique approach successfully combines data and experience. Supported by over 800 real estate professionals with deep sector expertise, we have quickly grown into a leader in the multifamily industry. Our values are based on relationships and driven by honesty, integrity, and trust.
What You’ll Get:
As a Coastal Ridge Real Estate associate, you’ll be eligible to participate in a variety of benefit programs designed to fit you and your lifestyle. We are committed to providing competitive and comprehensive benefits that align with our culture and the needs of our associates.
