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Berger Communities · 1 day ago

Real Estate Asset Manager

Wayne, PA

Full-time

Onsite

Senior Level

5+ years exp

Berger 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 market research, and develop strategic initiatives to enhance asset value.

Real Estate

Growth Opportunities

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

Implement a proactive, process-driven approach to execute business plans

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

Financial ModelingCash Flow AnalysisAsset ValuationMarket IntelligenceRisk AssessmentBudgetingForecastingProject ManagementAnalytical ThinkingProactive ApproachCommunication SkillsTeam CollaborationAttention to Detail

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