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Assistant Vice President Asset Management, Real Estate jobs in United States
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Balfour Beatty Communities · 19 hours ago

Assistant Vice President Asset Management, Real Estate

Balfour Beatty Investments is a global infrastructure investor operating in the UK, US, and Canada. The AVP AMRE is responsible for managing, monitoring, and reporting the financial health of real estate projects while collaborating with property management teams to ensure efficient operations and tenant satisfaction.
Real Estate

Responsibilities

Monitor performance against business plans through proactive analysis, budgeting and forecasting
Monitor the financial performance of each asset against established goals and approved budgets. Identify trends and make recommendations to maximize financial performance
Collaborate with property management teams to ensure efficient and effective day-to-day operations, maintenance, and tenant satisfaction
Monitor performance of major capital projects against business plans
Monitor compliance with legal document covenants
Coordinate with Property Management to ensure that any local regulations/inspections are adequately managed
Construct and implement strategies to attract and retain community residents in partnership with Property Management while balancing long-term needs and performance of assets
Conduct regular property inspection to assess maintenance and operational and provide recommended actions, as needed, based upon the budgets and property priorities and needs
Provide regular updates on asset performance and strategy
Leverage technology and data analytics to enhance asset management processes, decision-making, and reporting
Remain informed on local and national market trends, competitor activities, and economic indicators to make informed decisions and capitalize on opportunities in the real estate market
Update and present quarterly and semi-annual project performance reports including operational, development and financial status
Update underlying financial models with current market trends and budgets. Evaluate return on investment metrics and performance against original business plan. Identify opportunities to optimize asset performance
Review weekly operational metrics and collaborate with Partners and Property Management to optimize asset performance
Review monthly financial statements and owner distribution waterfalls. Collaborate with Accounting and Property Management to understand trends and variances
Provide insight into leasing and management trends for future underwriting
Participate in strategic investment planning process internally and with equity partners
Assist in providing rent and expense benchmarks for underwriting new assets

Qualification

Financial analysisReal estate experienceBudgetingForecastingExcel proficiencyAsset optimizationReal estate conceptsRelationship buildingProject management

Required

BS or BS degree in Finance, Real Estate, Economics or related field preferred
A minimum of 7 years in real estate required (multifamily / student housing preferred)
Experience with financial analysis, forecasting, and relationship building with key stakeholders required
Strong working knowledge of the role that physical asset condition and improvements play in asset optimization
Possession of a valid state issues driver's license and safe driving record are required
Understanding of commonly used real estate concepts used within operations and ownership
Ability to manage multiple projects simultaneously
Advanced knowledge of Excel
Understanding of return-on-investment concepts / benchmarks

Benefits

Discretionary bonuses
Medical and Dental Insurance 1st of the month following employment
Health, Flexible Spending and Dependent Care Accounts
Company paid life insurance
401K plan with employer matching
Robust PTO to include, sick, floating holidays, vacation, and personal days
2 Volunteer Days per year
Company paid short-term and long- term disability, parental leave.
And more!

Company

Balfour Beatty Communities

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Balfour Beatty Communities is a real estate firm that offers housing services. 

Funding

Current Stage
Late Stage

Leadership Team

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David Berman
Chief Compliance Officer
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Jonathan Nix
Director, HR Business Partner
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Company data provided by crunchbase