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About Us:
Stoa Group is a dynamic and rapidly growing vertically integrated real estate company focused on creating exceptional multifamily communities throughout the Southeastern United States. Our commitment to quality, innovation, and community development sets us apart as a leader in the industry.
Position Overview:
The Asset Manager is responsible for overseeing the performance, strategy, and management of a portfolio of Stoa Group's multifamily residential properties. This role focuses on maximizing property value, ensuring financial performance, and maintaining operational excellence. The Asset Manager collaborates with internal departments and external stakeholders to achieve the company's strategic objectives, including underwriting and financial modeling for new land deals.
Key Responsibilities:
Portfolio Performance Management:
- Monitor and analyze the financial performance of assigned assets, including budgeting, forecasting, and variance analysis.
- Develop and implement strategies to optimize property revenue and control expenses.
- Conduct regular performance reviews to ensure properties meet or exceed established benchmarks.
Strategic Planning and Execution:
- Work closely with the Managing Partner to develop asset-level strategies aligned with corporate objectives.
- Identify opportunities for value creation through renovations, repositioning, or operational improvements.
- Lead the preparation and presentation of annual business plans for the portfolio.
Stakeholder Collaboration:
- Collaborate with property operations and the land acquisitions team to ensure efficient operations, tenant satisfaction, and the preservation of asset value.
- Negotiate terms and contracts with property owners and brokers to secure favorable acquisition agreements.
- Maintain strong relationships with investors, lenders, and regulatory bodies.
Financial Oversight:
- Manage underwriting and financial modeling for new land deals in conjunction with the land acquisitions team.
- Review and approve monthly, quarterly, and annual financial reports for assigned properties.
- Manage refinancing processes and oversee the disposition of assets to align with strategic goals.
Market Analysis and Reporting:
- Conduct market research to stay informed on industry trends, competitive landscapes, and economic factors.
- Analyze market data to support decision-making for acquisitions, dispositions, or refinancing.
- Prepare and deliver comprehensive reports on portfolio performance and market conditions.
Compliance and Risk Management:
- Identify potential risks and develop strategies to mitigate them.
- Oversee insurance requirements and ensure proper coverage for all assets.
- Monitor debt covenants for compliance and address potential issues proactively.
Team Leadership and Development:
- Provide guidance and mentorship to the Real Estate Portfolio Coordinator and Financial Administrator.
- Foster a collaborative and results-driven culture within the Asset Management team.
Qualifications:
- Bachelor's degree in Finance, Real Estate, Business Administration, or a related field; MBA or advanced degree preferred.
- 5 years of experience in asset management, property management, or a related real estate role.
- Strong financial acumen with expertise in budgeting, forecasting, and financial analysis.
- Proficiency in real estate management software and Microsoft Office Suite.
- Excellent communication, negotiation, and interpersonal skills.
- Strong organizational and problem-solving abilities with attention to detail.
- Knowledge of multifamily property operations, market trends, and regulations.
Why Join Stoa Group?
We recognize the importance of investing in our employees as a driver for company growth. It's important to empower each employee to perform at his or her highest capacity and offer benefits and compensation in the same way. When we hire, we look for people who understand the significance of our work and bring that same spirit and energy to their job at Stoa Group. We offer competitive salaries, matched retirement, 100% employee-paid medical insurance, vision, and dental plans, paid maternity leave, rental discounts, flexible time off & paid holidays, professional development opportunities, and many possibilities for growth.
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