What are the responsibilities and job description for the Associate, Asset Management position at JBG SMITH?
WHO WE ARE
JBG SMITH, a Maryland real estate investment trust, owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, D.C., most notably National Landing, that we believe have long-term growth potential and appeal to residential, office and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, D.C. metropolitan area. Approximately 75.0% of our holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's headquarters; Virginia Tech's $1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. In addition, our third-party asset management and real estate services business provides fee-based real estate services.
JBG SMITH's dynamic portfolio currently comprises 14.2 million square feet of high-growth office, multifamily, and retail assets at share, 99% of which are Metro-served. It also maintains a development pipeline encompassing 8.8 million square feet of mixed-use, primarily multifamily, development opportunities.
LEO Impact Capital, a subsidiary of JBG SMITH, is a leader in impact investing dedicated to unlocking access to opportunity for both investors and residents. With a portfolio of over 3,000 units, we focus on preserving affordability for essential community workers—such as teachers, healthcare professionals, and first responders—who contribute to thriving neighborhoods. Supported by the extensive real estate expertise of our NYSE-listed parent company, JBG SMITH, our dedicated team is committed to making a meaningful difference in the communities we serve.
POSITION SUMMARY
The Associate will serve as Senior Asset Manager for LEO’s owned and managed multifamily assets, ensuring optimal performance and alignment with the company’s mission of generating positive social and environmental impact alongside financial returns. The incumbent will also lead the development of asset management processes and procedures to support the platform's growth and geographic expansion, requiring material experience with asset management, and business operations.
WHAT YOU'LL DO
- Monitor and report on ongoing asset operating performance to internal and external stakeholders
- Manage:
- 3rd Party Property managers & resident services provider
- Annual business plan approvals
- Property Audit approvals/review
- Property tax appeals
- Property insurance
- Manage day to day relationships with Owners, JV Partners, and stakeholders
- Oversee
- Delinquency & eviction management
- Compliance reporting (eg PILOT, HAP contract)
- Sustainability & CAPEX ROI Projects
- Project evaluation/scoping
- Funding/Grant Management
- Reporting
- Support Investments team with acquisitions, pre-closing & onboarding of new properties
- Assess and develop data management tools and procedures to integrate and analyze data from multiple platforms
- Perform regular site visits to existing properties to assess operations
WHAT YOU'LL NEED TO SUCCEED (REQUIREMENTS)
- Bachelor’s degree in Finance, Business Administration, or a related field.
- Minimum of 3-5 years of experience in asset management, investments or related fields, with a focus on multifamily real estate.
- Proven track record of managing diverse investment portfolios and achieving financial targets.
- Strong analytical skills and demonstrated ability to innovate and drive efficiencies.
- Excellent communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
- Willingness to adapt to change and mitigate uncertainty.
- Commitment to the principles of impact investing and familiarity with Income Certification/Compliance management, resident services delivery, and the delivery of sustainability projects are an asset.
The salary range for this position is $140,000 to $150,000 annually. Please note that the salary range information provided is a general guideline. It is uncommon for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on a variety of factors. JBG SMITH considers factors such as (but not limited to) scope and responsibilities of the position, candidate’s work experience, candidate’s work location, education/training, key skills, internal peer equity, external market data, as well as, market and business considerations when making compensation decisions.
JBG SMITH is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, status as a protected veteran, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.
Salary : $140,000 - $150,000
