Berger Communities · 2 days ago
Real Estate Asset Manager
Wayne, PA
Full-time
Onsite
Senior Level
5+ years expBerger Communities is a vertically integrated multifamily real estate company that owns and manages over 11,000 units in the Mid-Atlantic and Midwest. They are seeking a Real Estate Asset Manager to monitor and optimize the financial performance of their real estate portfolio, conduct cash flow analyses, and develop strategic initiatives for enhancing asset value.
Real Estate
Responsibilities
Monitor, analyze and optimize the financial performance of assigned portfolio, conducting in-depth reviews of leasing, pricing and occupancy trends, operating expenses, and capital expenditures
Develop and update cash flow models to project future financial performance, considering various scenarios and potential risks
Assist in the valuation of the company's real estate assets, using various financial metrics and industry benchmarks
Monitor and manage the performance of loans within the portfolio, ensuring compliance with loan covenants, tracking key financial metrics, and proactively addressing potential issues or risks related to debt servicing and refinancing opportunities
Develop and execute exit and recapitalization strategies
Conduct in-depth research on assigned real estate markets, including economic, demographic, and industry trends, to inform strategic decision-making
Monitor and analyze competitors' activities, market conditions, and emerging trends that could impact the portfolio's performance
Compare the company's portfolio performance against industry benchmarks, identifying opportunities for improvement
Identify potential risks to the portfolio, including market downturns, regulatory changes, and other external factors, and recommend mitigation strategies
Develop and execute strategic initiatives aimed at enhancing the value and performance of the real estate portfolio
Work closely with other departments, including finance, operations, and legal, to ensure the smooth execution of strategic plans
Manage and contribute to special projects related to portfolio management, financial planning, and operational efficiency improvements
Manage and optimize cash flows and distributions
Create a system to ensure the capital expenditure plan formed during a capital event is carried out timely and efficiently
Develop and maintain financial models for assets in assigned portfolio to project asset performance, assess investment opportunities, and lead budgeting and forecasting processes
Prepare and present regular performance reports for assets in the assigned portfolio, including asset summaries, operational reviews, and business plans to senior management and stakeholders
Collaborate with Operations and Infrastructure to develop, review, and adjust annual and long-term budgets, forecasts, and financial projections
Ensure professional, efficient, and timely reporting and communication
Act as the key point of contact for all investor and lender relations for assets in the assigned portfolio
Qualification
Required
5-8 years of experience in asset management, real estate investment, or financial analysis, preferably with direct oversight of multifamily properties
Desire to work in the office (Wayne, PA) five days per week
Strong financial acumen
Analytical Thinking mindset
Technical Proficiency specifically in Microsoft office (advanced spreadsheet modeling in Excel.)
Excellent verbal and written communication skills, with ability to present complex information clearly and persuasively
Ability to manage multiple tasks and projects simultaneously, with a strong sense of urgency and attention to detail
Proven ability to work effectively both independently and as part of a team, with a proactive approach to challenges
Ability to see the 'big picture' and contribute to the company's long-term strategic goals
Benefits
Medical, Dental, and Vision Insurance
Flexible Spending Accounts for Medical Expenses and Dependent Care
Short-Term Disability Income Insurance – at no cost!
Long-Term Disability Income Insurance – at no cost!
Life Insurance – at no cost! \Additional buy-up option available
401K plan with employer match
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 – eligible on your first day of employment
Company
Berger Communities
At Berger Communities, we are dedicated to serving our customers, caring for one another, and delivering great results. Our 30 Fundamentals: 1.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Dan Berger
CEO
Anne-Marie Niklaus, CPM, ARM
Chief Operating Officer
Company data provided by crunchbase