AndMark Management Company · 1 week ago
Multifamily Asset Manager
Bentonville, AR
Full-time
Onsite
Senior Level
5+ years expAndMark Management Company is focused on enhancing the performance of multifamily properties, and they are seeking an Asset Manager to oversee property life cycles and maximize value. The role involves monitoring financial performance, collaborating with third-party management, and implementing strategies to improve occupancy and revenue.
Property ManagementReal EstateResidential
Hiring Manager
Dustin Roach, MBA, CAM
Responsibilities
Maximize property value by managing net operating income, cash flow, and long-term property strategy in alignment with the overall portfolio strategy and objectives
Identify potential operational issues that could negatively impact asset values, and recommend and implement effective solutions
Collaborate effectively with third-party property managers
Evaluate variances and trends in operating income and expenses and communicate results to Executive Management
Review unit renovations, scope, premiums achieved, and suggest modifications as needed
Review and analyze monthly and quarterly financial statements for each property
Monitor on-going capital projects monthly, including both maintenance and value-add initiatives
Evaluate property performance relative to competition
Participate in the annual budget process
Assist in due diligence for new investments and during the disposition of assets
Focus on increasing occupancy and revenue by reviewing lead traffic and lease trends, and providing recommendations, support, guidance, and direction to on-site teams
Conduct regular market surveys of competitors for review of management. Ensure market survey reports are reviewed at least once per month
Collaborate with third-party managers to implement innovative strategies based on market conditions and property data to enhance leasing velocity
Work with leasing teams at all properties and participate in leasing calls with ownership
Qualification
Required
Bachelor's degree in Real Estate or similar field from a college or university; at least five years of related experience and/or training; or the equivalent combination of education and experience
Five years of work related experience as an Asset Manager or Multi-family Property Manager
Familiarity with property managements software systems such as Yardi or Entrata required
Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to real estate and/or the financial industry
Ability to interact with members of senior management, executives, and staff in a positive and professional manner
Ability to make key recommendations and decisions based on analysis and judgment
Proficient in reading, analyzing, and interpreting business periodicals, professional journals, and technical procedures
Strong organizational and time management skills
Intermediate proficiency in computer terminal and personal computer operation, host computer systems, word processing, spreadsheet, and specialized software programs
Intermediate keyboarding skills to meet production demands of the position
Intermediate mathematical skills, including but not limited to the ability to calculate interest, commissions, proportions, and percentages; balance accounts; perform basic arithmetic operations (addition, subtraction, multiplication, and division) in all units of measure; detect routine mathematical errors; compute rates, ratios, and percentages; and draft and interpret bar graphs
Exceptional verbal, written, and interpersonal communication skills with the ability to follow instructions, communicate clearly, write reports, correspondence, and procedures, and instruct others
Thorough understanding of management procedures; ability to plan activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize functions necessary to accomplish department activities; direct toward desired objectives (delegate, motivate, and resolve problems); control the function (develop performance standards, measure results, take corrective action and reward as appropriate)
Ability to address complex problems involving multiple factors and variables in non-standardized situations
Ability to work independently with minimal supervision
Possession of current driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities
Company
AndMark Management Company
AndMark Management Company is a real estate investment firm that focuses on high quality multi-family residential rental properties targeted toward workforce housing in smaller to medium sized cities throughout the United States.
2-10 employees
Funding
Current Stage
Early StageLeadership Team
Mark Mosch
CEO
Company data provided by crunchbase