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RPM Living · 2 days ago

Asset Manager

Houston, TX

Full-time

Hybrid

Mid, Senior Level

5+ years exp

RPM Living is a company that prioritizes a people-first approach to success, offering comprehensive benefits and career advancement opportunities. The Asset Manager role involves providing strategic oversight and financial stewardship for real estate assets, focusing on optimizing performance and aligning with business plans through data analysis and collaboration with various teams.

Commercial Real EstateReal Estate

Responsibilities

Provide strategic oversight of a portfolio of assets, to include:

Financial reporting and analysis to monitor property performance

Identification of property-level and market trends and formulate strategies to maximize the value of each asset in accordance with its business plan

Develop and maintain effective revenue strategies to strengthen revenue performance of assets across diverse markets

Diagnose and respond to inquiries from senior leadership and external partners regarding property performance, market challenges, occupancy issues, and other drivers of asset financial performance

Partner with, assess, influence and performance manage operational teams within the assigned portfolio

Conduct periodic site visits to assess performance, evaluate market conditions, and establish strategic initiatives

Review marketing programs and pricing for portfolio assets

Compile monthly and quarterly reports for equity partners

Perform cash flow analysis and generate distribution recommendations

Monitor the status of renovation and capital improvement projects and perform return on investment calculations

Assist in preparing the construction budget and management of construction draws from debt and equity sources

Ensure compliance with loan agreements and manage all aspects of loan administration, including reporting and covenant monitoring

Assist with acquisitions, recapitalizations, and dispositions within the portfolio by providing analytical and operational support

Qualification

Real estate asset managementFinancial reportingFinancial modelingCash flow analysisConstruction budgetingMarket analysisRevenue strategiesWritten communicationVerbal communicationInterpersonal skillsProblem solving

Required

Bachelor's degree in Finance, Business, or related field. Experience may substitute for education

Five years' experience including two years of prior multifamily asset management experience

Knowledge of real estate asset management principles, including value creation strategies and portfolio optimization

Knowledge of financial reporting, budgeting, forecasting and variance analysis

Knowledge of real estate finance concepts such as cash flow modeling, ROI, IRR and cap rates

Knowledge of capital improvement planning, renovation processes and construction budgeting

Skilled in financial modeling and tools such as Excel and property management software (Yardi, RealPage)

Skilled in written and verbal communication with the ability to present financial performance and recommendations to executive leadership and partners

Ability to manage multiple assets, deadlines and stakeholder expectations

Ability to analyze complex data sets and financial information using quantitative methods to support strategic decision making and problem solving

Ability to identify performance trends and recommend data-driven strategies to maximize asset value

Skilled in interpersonal communication with the ability to build relationships with stakeholders

May be required to sit or stand for extended periods of time

Must be able to read documents, computer screens and data

Must be able to hear and understand verbal communications in person and over the phone or computer

May occasionally be required to lift or carry items such as files or office supplies weighing up to 15 pounds

Must be able to operate a computer, keyboard, mouse and other office equipment

This is a hybrid role, requiring the associate to work in one of our corporate or regional offices three or four days per week based on manager's discretion

The office is an open setting which may include bright lights, constant noises and distractions

This role may require overnight travel quarterly

Employment with RPM Living is contingent upon successful completion of a background check as local and federal state requires, and possession of a valid driver's license