Apply on Employer Site

Federal Realty Investment Trust · 5 hours ago

Senior Asset Manager, Multifamily

North Bethesda, MD

Full-time

Onsite

Senior Level

$135K/yr - $155K/yr

7+ years exp

Federal Realty Investment Trust is a leader in the ownership and operation of high-quality retail real estate. They are seeking a Senior Asset Manager for their multifamily portfolio to ensure the achievement of operating goals and profitability, requiring strong hands-on multifamily operations experience and effective communication skills.

FinanceReal EstateReal Estate Investment

Comp. & Benefits

Responsibilities

Direct revenue-enhancing and expense containment programs and initiatives with third party management, while monitoring resident turnover and satisfaction indicators, and identifying opportunities to drive operational excellence within the communities to maximize performance

Work with third party management to formulate strategies driving the financial performance and efficient operations at the property-level. Participates and assists in formulating the annual business plan for the assets by helping establish revenue, expense, NOI and other key operating metrics

Partner with third party manager facilities and engineering, and neighborhood property operations teams to ensure physical assets are operating at peak performance levels

Communicate with and closely interact with the Senior Vice President and third party manager to monitor the operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy and revenue reports, addressing policies, procedures and compliance issues

Analyze monthly property-level revenue and operating expense statements for all properties comparing actual to budget /proforma and coordinate variance analysis with accounting and finance

Manage quarterly reporting memo development, efficiently communicating the results of the portfolio for review by executive management

Assist in developing and managing the annual capital plans for renovation and other capital improvements

Develop and validate underwriting analysis of potential new residential investments and other due diligence as needed

Complete special projects and other duties as assigned to support the overall objectives of the residential portfolio and asset management team

Qualification

Multifamily operations experienceRevenue management techniquesCost containment techniquesProperty management softwareBudget managementProactive attitudeCommunication skillsOrganizational skillsTime management skillsInterpersonal skillsProblem-solving skills

Required

BA/BS degree required

7+ years' experience in multi-family property operations as property manager or general manager is required

Property-level operations experience and comprehension of the real estate industry, with a proven track record of implementing revenue management and cost containment techniques

Experience developing and managing budgets, with a proven track record in driving property-level profitability

Demonstrate the ability to read, write, and communicate effectively to explain property-level operating statements and key strategies or initiatives to drive the performance of the portfolio

Excellent interpersonal communication skills in order to present compelling and persuasive presentations

Proficiency with property management software platforms, preferably Yardi and Yieldstar

Highly proficient with MS Office (MS Word, Excel, PowerPoint, Outlook) and utilizing Property Management software

Strong organizational and time management skills; ability to handle multiple projects

Effectively work with minimal supervision and exercise sound judgement when making decisions