What are the responsibilities and job description for the Asset Manager - Multifamily Real Estate position at Macdonald & Company?
Macdonald & Co. is proudly partnered with an established multifamily, development and investment firm in Greenville, SC to appoint an Asset Manager.
Reporting into the Director of Asset Management, the Asset Manager will be responsible for initializing the reporting of asset performance on a weekly, monthly, and quarterly basis as well as managing overall portfolio operations on a day-to-day basis as a front line of communication with limited oversite of Senior Management.
Key Responsibilities:
Investor Reporting: Assist in managing investor reporting, capital recording, auditing, and property accounting oversight.
Performance Tracking: Track property operating results weekly, monthly, and quarterly to identify trends and opportunities, especially focusing on lease up and development assets.
Development Project Oversight: Monitor development projects and their budgets, including construction draws and financials.
Cash Flow Analysis: Conduct cash flow analysis for all properties in comparison to budget.
Lease Up Analysis: Analyze lease up fundamentals and compare assets to improve efficiencies.
Reporting Preparation: Assist in the preparation of quarterly investor reports and create additional reporting for better property performance analysis.
Market Analysis: Review market surveys for properties and report trends to the asset management team.
Value Creation: Create material value at properties through problem-solving and innovative thinking to improve asset performance.
Site Visits: Conduct site visits nationwide, providing detailed reporting on observations and improvement areas.
Communication Liaison: Serve as the frontline of communication between the asset management team and property management for lease up assets.
Timelines Management: Effectively manage timelines for development and lease up assets.
New Asset Transition: Assist in overseeing the transition of new assets, setting up tracking documents, reporting, and contract transition.
Qualifications:
- Bachelor’s degree – finance or real estate focus is preferred.
- 2-5 years of financial analysis or real estate experience.
- Preferably experience in lease up/development real estate.
- Proficiency in word processing, spreadsheet, and accounting software systems.
- Experience with QuickBooks and Yardi is preferred.
- Strong communication skills both internally and externally.
- Self-motivated, self-reliant, and self-managed.
- Critical thinking and problem-solving skills.
- Strong desire and ability to learn.
- Accuracy and attention to detail.
- Ability to take direction well and make decisions independently.
- Ability to manage multiple projects with accuracy.
