Westward360
Asset Manager
Westward360, Chicago, Illinois, United States, 60290
DescriptionWestward360 is looking to add an
Asset Manager
to join our growing Chicago team. If you want an opportunity to grow with a company on the rise, look no further! We pride ourselves in providing the ultimate experience for our clients.As an Asset Manager, you'll have the opportunity to oversee the financial performance of the company’s managed multifamily real estate assets. This includes developing and executing strategies to increase property income, reduce operational costs, and enhance the overall value of the assets.This role involves close monitoring of market trends, property conditions, and financial metrics to ensure the properties are competitive and profitable.What we offer:Compensation range of $55,000 - $75,000Monthly cell phone stipendFlexible hybrid scheduleMedical/Dental/Vision insuranceTwo weeks vacation / one week sick time401k - Company match up to 4%Long and short term disability at no cost to employeeWhat you’ll do:Collaborate with Property Managers and other stakeholders to implement value-add initiatives, maintain high occupancy rates, and ensure tenant satisfaction.Develop and manage comprehensive budgets for each property, ensuring all financial planning aligns with client investment goals.Prepare and present quarterly financial reports to investors highlighting performance metrics, variances from budget, and forecasts.Analyze financial statements, operating costs, and investment returns to identify opportunities for increased revenue and decreased expenses.Develop and facilitate execution of management plans for each asset, focusing on value enhancement opportunities, repositioning, and long-term viability, leading to owner satisfaction and retention.Identify value-add opportunities through market analysis and property assessments to increase rental income and asset appreciation.Build and maintain strong relationships with property owners, investors, and stakeholders by providing regular updates on property performance and strategic initiatives.Communicate and explain the growth of investments to owners and stakeholders.Prioritize client satisfaction by addressing concerns promptly via transparent communication.Integrate cost-effective practices at the building and portfolio level to enhance efficiency and reduce expenses without compromising quality.Provide expert advice on market trends and property valuations.Analyze competitive properties in the market to identify opportunities for improvement or differentiation.Monitor Net Operating Income (NOI), Capitalization Rate (Cap Rate), and budget variances to assess financial health.Report on assigned key performance indicators (KPIs) to identify trends before they become problems and provide recommendations.What you’ll need:Bachelor’s degree in Finance, Real Estate, or related field; advanced degrees or certifications (e.g., CFA, CRE) preferred or equivalent work experienceValid Real Estate license is a plusKnowledge of financial modeling, real estate economics, and property valuationStrong leadership skillsStrong critical thinking skillStrong analytical, financial, negotiation, and communication skillsExperience with property management software and financial reporting toolsAbility to multi-task/manage multiple projectsUnderstand and abide by laws/statutes related to positionAbout Westward360:Westward360 is dedicated to providing exceptional community management, rental management and brokerage services. Serving multiple markets throughout the United States, we have the systems, strategies, and expertise to meet the specialized needs of even the most demanding client. With more than 50,000 homes under management, we’re your all-in-one real estate solution.
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Asset Manager
to join our growing Chicago team. If you want an opportunity to grow with a company on the rise, look no further! We pride ourselves in providing the ultimate experience for our clients.As an Asset Manager, you'll have the opportunity to oversee the financial performance of the company’s managed multifamily real estate assets. This includes developing and executing strategies to increase property income, reduce operational costs, and enhance the overall value of the assets.This role involves close monitoring of market trends, property conditions, and financial metrics to ensure the properties are competitive and profitable.What we offer:Compensation range of $55,000 - $75,000Monthly cell phone stipendFlexible hybrid scheduleMedical/Dental/Vision insuranceTwo weeks vacation / one week sick time401k - Company match up to 4%Long and short term disability at no cost to employeeWhat you’ll do:Collaborate with Property Managers and other stakeholders to implement value-add initiatives, maintain high occupancy rates, and ensure tenant satisfaction.Develop and manage comprehensive budgets for each property, ensuring all financial planning aligns with client investment goals.Prepare and present quarterly financial reports to investors highlighting performance metrics, variances from budget, and forecasts.Analyze financial statements, operating costs, and investment returns to identify opportunities for increased revenue and decreased expenses.Develop and facilitate execution of management plans for each asset, focusing on value enhancement opportunities, repositioning, and long-term viability, leading to owner satisfaction and retention.Identify value-add opportunities through market analysis and property assessments to increase rental income and asset appreciation.Build and maintain strong relationships with property owners, investors, and stakeholders by providing regular updates on property performance and strategic initiatives.Communicate and explain the growth of investments to owners and stakeholders.Prioritize client satisfaction by addressing concerns promptly via transparent communication.Integrate cost-effective practices at the building and portfolio level to enhance efficiency and reduce expenses without compromising quality.Provide expert advice on market trends and property valuations.Analyze competitive properties in the market to identify opportunities for improvement or differentiation.Monitor Net Operating Income (NOI), Capitalization Rate (Cap Rate), and budget variances to assess financial health.Report on assigned key performance indicators (KPIs) to identify trends before they become problems and provide recommendations.What you’ll need:Bachelor’s degree in Finance, Real Estate, or related field; advanced degrees or certifications (e.g., CFA, CRE) preferred or equivalent work experienceValid Real Estate license is a plusKnowledge of financial modeling, real estate economics, and property valuationStrong leadership skillsStrong critical thinking skillStrong analytical, financial, negotiation, and communication skillsExperience with property management software and financial reporting toolsAbility to multi-task/manage multiple projectsUnderstand and abide by laws/statutes related to positionAbout Westward360:Westward360 is dedicated to providing exceptional community management, rental management and brokerage services. Serving multiple markets throughout the United States, we have the systems, strategies, and expertise to meet the specialized needs of even the most demanding client. With more than 50,000 homes under management, we’re your all-in-one real estate solution.
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