Job Description

Director of Asset Management \xe2\x80\x93 Multifamily (Real Estate)

We are hiring a Director of Asset Management for our Home Office in Wayne, PA.

*This role is not eligible for remote work and must sit in our office in Wayne, PA Monday-Friday. Relocation would be on the candidate\'s expense.*

The Director of Asset Management role demands a well-rounded skill set that includes competencies in analytical thinking, decisive decision-making, strategic vision, effective communication, unwavering ethical standards, adept problem-solving, a strong customer-centric approach, self-motivation, collaborative teamwork, and a keen understanding of technology. These competencies collectively form the foundation for success in this multifaceted position, ensuring that the individual in this role can navigate the complexities of real estate asset management with finesse and innovation.

Role & Responsibilities

As the Director of Asset Management your responsibilities will include:

• Review detailed financial statements, including balance sheets and income statements.
• Evaluation of property performance KPIs using detailed financial modeling.
• Identify and communicate issues that could adversely affect operations of an asset.
• Cash Flow and Distribution Oversight: Prepare cash flow forecasts and manage and optimize cash flows and distributions.
• Benchmark property operations using statistical tools (PowerBI) platform.
• Identify opportunities within the portfolio to increase revenue or decrease expenses.
• Implement a proactive, process-driven approach to execute property business plans.
• Conduct ongoing actual vs. pro-forma/budget analysis.
• Monitor interest rate and debt markets for refinance opportunities
• Conduct sell vs. hold analysis.
• Gather and analyze market data to identify trends and related impact on real estate values or investment strategies.
• Primary point of contact for investor questions and communication.
• Ensure professional and efficient reporting.
• Explore the need for an Investor Portal.
• Track capital expenditures and unit renovation programs.
• Ensure that the timing of capital expenditures is consistent with the business plan.
• Oversee insurance renewal processes.
• Manage property allocation and explore cost-saving insurance alternatives.
• Technology and Infrastructure: Collaborate with the IT team to enhance technology infrastructure and add value at both corporate and property levels.
• Conduct routine site visits to ensure properties meet brand standards.
• Monitor the physical condition of properties.
• Compare properties to competitors and evaluate their market position.

About You

You might be a great fit for this Director of Asset Management role if you have:

• Strong financial acumen and problem-solving skills.
• Excellent communication and reporting capabilities.
• Experience with CAPEX management and cash flow optimization.
• Willingness to travel and visit properties periodically.
• Strong commitment to customer service and a service-oriented mindset.

Benefits available on the 1st of the month, following only 30 days of employment:

• Medical, Dental, and Vision Insurance
• Flexible Spending Accounts for Medical Expenses and Dependent Care
• Short-Term Disability Income Insurance \xe2\x80\x93 at no cost!
• Long-Term Disability Income Insurance \xe2\x80\x93 at no cost!
• Life Insurance \xe2\x80\x93 at no cost! *Additional buy-up option available
• 401K plan with employer match

Added benefits:

• Tuition assistance program - Up to $4,000/annually
• $1,000 employee referral rewards
• 15 PTO days per year
• 1 volunteer time off day per year
• Paid holidays and 2 floating holidays
• 20% rent discount at any Berger community \xe2\x80\x93 eligible on your first day of employment

Location: Wayne, PA

Type: Full time, in office.

Minimum Experience: Bachelor\xe2\x80\x99s degree in business, Finance, Real Estate, or a related field. 7+ years of experience in real estate asset management, preferably in multifamily.

Who We Are

Berger Investments embraces that drives a quality living environment for our residents, and a desirable place of employment for our team members. Our dedication to service, caring and results consistently positions us as the top place to work in multifamily across the nation. Berger Investments is a proud equal opportunity employer.

• Rated three years in a row as one of the top ten places to work in multi-family in the nation by the Best Companies Group.
• Ranked #1 in the nation for Customer Service by SatisFacts and ApartmentRatings.com.

Powered by JazzHR

Berger Communities