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AvalonBay Communities · 3 weeks ago

Senior Manager / Director, Asset Management

Boston, MA

Full-time

Onsite

Senior Level, Lead/Staff, Director/Executive

7+ years exp

AvalonBay Communities is focused on creating a better way to live by emphasizing collaboration and innovation. The Senior Manager / Director of Asset Management is responsible for analyzing asset performance and driving initiatives that enhance community value and financial performance while partnering with various corporate teams.

HospitalityProperty DevelopmentProperty ManagementReal Estate

Growth Opportunities

Responsibilities

Oversee asset management activities for a defined portfolio of multifamily communities owned by AvalonBay and its joint venture partners

Collaborate across functions—including Operations, Construction, Investments, Market Research, Engineering, and Corporate Responsibility—to identify value-creation opportunities

Analyze operating performance and develop strategies to enhance NOI, monetize amenities, and identify expense efficiencies

Evaluate competitive positioning and recommend value-add or capital investment strategies to sustain or increase asset value

Develop and maintain performance projections, including long-term capital planning and redevelopment feasibility analyses

Lead approval and execution of capital investment programs

Serve as the primary business owner for assets with complex ownership structures (e.g., joint ventures, HOAs, ground leases)

Monitor key performance indicators (KPIs) to assess portfolio health and identify emerging opportunities or risks

Develop and maintain 10-year cash flow projections and asset-level business plans in collaboration with Operations, Construction, and Corporate Finance

Coordinate immediate and long-term CapEx planning and ensure alignment with overall asset strategy

Present business plans and performance projections to regional and corporate leadership

Support hold/sell decision-making and portfolio optimization strategies

Maintain proficiency in financial modeling and valuation techniques

Qualification

Asset managementFinancial modelingReal estate valuationPortfolio performance metricsMicrosoft ExcelCommunication skillsPresentation skillsOrganizational skillsStrategic thinkingCollaboration

Required

Bachelor's degree required

7+ years of experience in asset management, acquisitions, or property management—preferably within the multifamily sector

Strong understanding of real estate valuation, financial modeling, and portfolio performance metrics

Demonstrated ability to navigate complex ownership structures and joint venture partnerships

Exceptional communication, presentation, and organizational skills

Strategic thinker with hands-on execution capability; able to drive outcomes through influence and collaboration

Proficiency in Microsoft Excel, Word, and PowerPoint

Preferred

MBA in Finance, Real Estate, or related field

Benefits

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.

Growth based on achievement and promotion from within.

Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).

A 20% discount on our incredible apartment homes.