What are the responsibilities and job description for the Multifamily Housing Asset Manager position at Monarch Investment and Management Group?
Description
Monarch Investment and Management Group, “Monarch”, operates unlike other real estate investment groups, which is why we beat industry standards at every turn. Monarch is among the top 50 multifamily owners in the country, #9. We owner/operate 324 apartment communities, encompassing 75,871 apartments, spanning 22 states.
This role is based in Franktown, Colorado. Relocation assistance is available for the right candidate. This role will travel 20% - 50% of the time throughout their designated portfolio, East & West Wichita.
The Multifamily Housing Asset Manager Grows the Monarch portfolio by acquiring multifamily housing properties. Subsequently oversees all aspects of the administrative, financial, capital, and operational needs of the assigned portfolio.
We are an exciting group of private individuals, not a Real Estate Investment Trust (REIT) or Wall Street investors, which means we actually care about the properties we bring into the Monarch family and commit to the people we employ, our partners in the journey!
Our reputation speaks for itself as we don't just fill seats, we foster real career growth! Check out our Glassdoor reviews for yourself.
What we are offering:
- $90,000 - $120,000 annual salary or commensurate with experience.
- Profit Interest potential after 1 year.
- Healthcare starting at $45.00 a month through Blue Cross Blue Shield.
- FREE basic Dental insurance for employees
- FREE basic life insurance for employees
- 401k with up to 3% match.
- Profit Interest potential after 1 year.
- Healthcare starting at $45.00 a month through Blue Cross Blue Shield.
- FREE basic Dental insurance for employees
- FREE basic life insurance for employees
- 401k with up to 3% match.
- Great Paid Time Off
- Vision & Disability insurance
- Paid Holidays.
- Free skiing at Monarch Mountain for your entire immediate family.
- Vision & Disability insurance
- Paid Holidays.
- Free skiing at Monarch Mountain for your entire immediate family.
A little about the role (Full JD will be supplied with application):
- Evaluates and recommend the purchase or sale of an asset, underwriting potential acquisitions
- Organize and execute due diligence and acquisition closings, including financial and operational assumption reviews
- Organize and execute the preparation and approval process of property operating budgets
- Maximize total return for each assigned asset through property efficiency analysis and identification of opportunities for Quarter-over-Quarter improvement
- Develop and analyze 3, 5, and 10-year capital needs assessments for assets
- Prepare capital plans throughout the life of each asset’s loan, analyzing debt-to-market value ratios and loan rates to determine if assets should be refinanced or restructured
- Direct goals and objectives for each property, including oversight of local/regional property management and personnel issues
- Monthly, quarterly, and annual portfolio reporting including but not limited to financial analysis, market studies, and other industry standard reporting (such as variance reporting, discounted cash flows, IRR’s, etc.)
- Review operating statements monthly
- Develop relationships with brokers and lenders to maximize Monarch’s position when deals are available
- Actively support and foster an environment that encourages great employee and team development
- Participate in Team Relations initiatives and conducting local employee engagement activities
- Promote and exemplify the Monarch brand and culture through daily influence and actions
Some of what the ideal candidate will have:
- 5-7 years' experience in multifamily operations
- 2-4 years proven multifamily housing asset management experience
- Bachelor’s Degree with a concentration in business, finance, accounting, and/or real estate preferred
- Experience overseeing multisite apartment communities across a geographical area
- Must demonstrate ability to work with financial concepts and perform financial analysis including but not limited to ROI and cash-on-cash yield
Sound like you?
Drop us a line, let’s talk about it!
Equal Opportunity Employer
Salary : $90,000 - $120,000
