What are the responsibilities and job description for the Asset Manager position at Roers Companies LLC?
Description : Roers Companies is seeking an energetic, dedicated professional in Plymouth, Minnesota to join our team as an Asset Manager!About UsRoers Companies is a 2024 USA Today Top Workplace and an emerging national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed nearly $3 billion in real estate, representing more than 12,000 homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.About YouYou're passionate about your work and strive to achieve ambitious goals. You offer an extra hand and aren't afraid to ask for help when needed. You act with integrity and empathy for the people around you. You get the big picture while executing the little details. In other words, you share our corporate values — passion, work ethic, teamwork, integrity, and ownership mindset.Position Overview : This position will play a critical role in asset managing Roers Companies' market rate investments across the entire portfolio from lease-up to disposition. A successful candidate will be able to work with an ownership mindset, internally and externally, to enhance asset values and deliver or exceed expected returns to project partners, while creating value through creatives strategy implementation and leveraging exceptional problem-solving skills along the way.Responsibilities :
- Development of Asset Management plans for all of Roers Companies non-LIHTC assets.
- Contribute to the formation of and provide approval on annual property operating budgets.
- Monitor the lease-up process of market rate assets in the Roers Companies portfolio, focusing on adherence to proforma and the financial impact of any deviations from initial strategy.
- Coordinate and conduct periodic site inspections, whether Roers Companies internal process, or accommodating third party requests.
- Monitor and evaluate financial performance of each asset on a regular basis by monitoring adherence to budget and proforma.
- Address performance-related issues with projects not meeting KPI's through monthly watchlist meetings.
- Lead the development of new strategies to maximize asset values.
- Present on the condition of Roers Companies market rate projects monthly to the executive and senior leadership teams through the asset review meeting series.
- Work with the Capital Projects Manager to create a capital plan for the project life cycle, and monitor projects requested by property management on an ongoing basis to ensure they reasonably fall within the capital plan.
- Must be able to adapt to market shifts, changing operational strategy and work interdepartmentally and cross-departmentally to achieve asset goals as strategy evolves.
- Assist with disposition and permanent financing events, as necessary.
- Supervision of financial analyst(s) required.
- Oversight of commercial leasing activities for mixed-use assets.
- Management of property insurance for the operating portfolio (policy placement, policy renewals, monitoring of claims).
- Must be prepared to become a market expert in the new submarkets Roers Companies is developing projects within.
- Ad hoc projects as necessary.Requirements :
- Bachelor's degree in commercial real estate, finance, or related field.
- 7 years of experience in either multifamily asset management, property management, or a combination of both.
- Proficient Microsoft Excel skills and ability to quickly learn new software.
- Experienced in financial analysis, forecasting, and preparing reporting for upper-level management.
- Excellent communication skills, both verbal and written.
- Ability to work independently, remain organized, and prioritize many responsibilities with success.
- Experience in a managerial position is required, or the demonstrated ability to be a leader of people.
- Highly motivated, driven, results-oriented individual who is a self-starter is preferred.
- The ability to travel approximately 20% of the time to projects is required.Benefits & PerksOur full-time employees are eligible for these benefits and perks :
- Medical, Dental, and Vision insurance including HSA
- Paid Birth & Bonding Leave
- Employer Paid Basic Life Insurance
- Employer Paid Short-Term Disability
- Voluntary Life, AD&D, Long-Term Disability, Critical Illness, and Accident insurance
- 401k Match
- Equity Opportunity with Company Match
- Competitive PTO and Paid Holidays
- Gym Membership Reimbursement
- Free Stays in our Properties' Guest Suites
- Rent Discount at Roers Cos. Properties
- Charitable Match Program
- Annual Company Conference
- Employee Referral Bonus ProgramRoers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law. E-verify Complaint.Candidates will be required to pass a criminal background check and motor vehicle report.In order to be considered for this position, applicants must complete a survey at this link : Pay Range : $93,100 - $122,500#RoersCompaniesCareersPIb50002c6d908-29400-36259707
Salary : $93,100 - $122,500
