MRE
Director of Asset Management - Multifamily
CA - Irvine: MBK Rental Living · Director
Sponsorship not specified$180k-$200kDetected 5 days ago
ComplianceFinancial ModelingForecastingBudgetingExcelHRISHIPAAResearchLeadershipCommunication
About the role
- The Director of Asset Management is responsible for leading the day-to-day asset management within the department.
- The responsibility includes maximizing apartment operating revenue and minimizing expense, while maintaining average occupancy at or above the MBK target for each project, while upholding MBK's quality standards.
- This role will oversee third-party property management companies' operational activities including, but not limited to, budgeting, forecasting, leasing, marketing, maintenance and capital improvement projects.
Responsibilities
- Travel to assets to lead property inspections, to monitor performance and compliance with approved business plans and policies, as well as identify opportunities for improvement and value creation, along with any issues that may require additional action.
- Manage and report on capital improvement projects; update renovation tracking reports
- Manage the analytics function of MRL:
- Lead the creation of JV tailored analytics and reporting
Requirements
- Bachelor's Degree required.
- 7-10 years of experience in institutional real estate investment
- 5+ years in a multifamily property sector
- Demonstrated track record of value creation
- Strong proficiency in real estate investment concepts and terminology
- Prefer experience with Yardi, revenue management and ancillary income software
- Required Competencies/Licenses/Certifications:
- Advanced proficiency in Excel financial modeling
- Must be mobile and able to perform the physical requirements of the job, bending, kneeling, stooping, pushing, pulling and repetitive motion.
- Ability to sit and work at a computer for long periods of time.
Compensation
- $180,000-$200,000 + Bonus
- Lead the preparation of annual operating and capital budgets as well as monthly forecasts between property management and other departments.
Benefits
- Maintain quarterly/year-end fund level reporting for IRR/equity multiples, debt summary, and performance (as necessary)
Company info
- Managing the asset management function of the company's multifamily portfolio to maximize investment returns:
This listing is sourced directly from MRE's careers page and normalized into a canonical job model.