Ashland Greene
Senior Asset Manager
Ashland Greene, Dallas, Texas, United States, 75215
JOB SUMMARY:
The Senior Asset Manager role will work closely with the Vice President of Asset Management and CFO to provide analytical, operational, and financial oversight/feedback to ensure that all business plans are successful. This role offers an opportunity to expand on the skills related to asset management and learn how to effectively lead and work with operations, construction, senior leadership, equity partners, and lenders as well as working with the investment team on new acquisitions and delivering complex financial models to understand investor returns, hurdles, and timing of capital transactions. The Senior Asset Manager role will work well in a team environment and demonstrate an elevated level of integrity. Senior Asset Managers will be responsible for a portfolio of properties consisting of 12 to 15 assets.
VALUES MODELED:
All employees are expected to bring our values to life every day by demonstrating:
RESPECT:
Treat people with courtesy and kindness, valuing inclusion and diversity.
ACCOUNTABILITY:
Honor commitments, focus on delivering solutions, and take ownership of responsibilities.
INTEGRITY:
Act with honesty, honor, and transparency in all activities.
SERVICE:
Be socially conscious, proactive thinkers, committed to improving well-being.
EXCELLENCE:
Strive for excellence, adapt, innovate, and exceed expectations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:Asset Portfolio Management:Conduct weekly asset performance calls with the operations team to analyze the previous week’s results related to leasing, renewals, delinquency, expense management, rents, and capital projects and give guidance to operations as well as the Vice President of Asset Management on how to address any areas of concern and create additional means to maximize NOI.
Conduct monthly financial reviews to include P&L Statements, Balance Sheets, Aged Receivables, and Accounts Payable. Deliver guidance to accounting and operations on ways to improve the accuracy and timing of reporting.
Conduct weekly site visits and complete a detailed and thorough review of operations on the ground. Detailed notes will be recorded, and thoughtful feedback will be given on strategies to improve areas of concern and maximize NOI. This will include physical inspections of grounds, maintenance shops, amenities, and vacant units as well as in person discussions with property managers to understand both challenges faced and how to overcome them as well as finding methods to maximize NOI.
Work closely with the construction and operations teams to monitor capital project progress and ensure that all rent premiums are entered into management software.
Identify new programs to implement that can reduce expenses and/or maximize income. These programs can be specific to an individual property or can be for the larger portfolio.
Work with operations to create and deliver annual operating budgets.
Ensure compliance with loan agreements, JV agreements, and vendor agreements.
Ensure compliance with local, state, and Federal legal and regulatory requirements related to asset management activities.
Oversee the property insurance claim process including compiling all necessary documentation, clear communication with servicers and equity partners on status of repairs and collecting insurance proceeds.
Work with operations, insurance carrier/consultant, and risk team to develop and implement emergency response plans to ensure the safety and well-being of tenants and assets.
Staying up to date and researching the newest and most innovative ways of renovating amenities and interior units that drive the greatest renter demand, the highest premiums, and the highest return on investment.
Work with insurance brokers to analyze property insurance products that can reduce costs, deliver policy renewal documents to servicers/lenders, and work with adjusters/carriers to ensure timely submission of documents for claims.
Work with 3rd party consultants to file property tax appeals and pursue litigation, monitor county appraisal district websites for changes in tax rates, and work with servicers/lenders to ensure timely payment of taxes.
Property Operations:Monitor tenant review websites such as Apartments.com, Google, Yelp, and ApartmentRatings.com to better understand challenges that tenants face and help operations find ways to improve their experiences.
Lease Management:
Oversee lease negotiations, renewals, and terminations, ensuring optimal lease terms and income generation.
Tenant Relations:
Foster positive tenant relationships, addressing concerns and inquiries to enhance tenant satisfaction and retention.
Vendor Management:
Collaborate with third-party service providers, including property management firms, to ensure operational excellence and cost efficiency.
Compliance:
Ensure compliance with all relevant property laws, regulations, and industry standards, taking proactive steps to address any potential issues.
Reporting and Analysis:Analyze Weekly WAR (Weekly Activity Reports) models and update the Vice President of Asset Management on property trends and thoughts on how to address areas of concern.
Analyze the monthly Executive Summary Dashboard and give guidance to operations on what areas need improvement along with strategies on how to improve.
Complete monthly investor reporting packages and deliver thoughtful and detailed updates that give insight into what each asset is doing.
Analyze the monthly Hold-Period Analysis model to track performance against underwriting and the annual budgets. Use the analysis to find ways to manage expenses, increase income, improve RUBs and other income, and maximize NOI.
Update the monthly cash position model to include the most recently finalized financials, operating cash balances, escrow accounts, Real Estate taxes, property insurance, and projected cash flows. Deliver analysis to the Vice President of Asset Management and CFO along with notification of any issues or areas of concern including but not limited to cash runways, and shortfalls.
Analyze the Key Performance Indicator model monthly to identify areas of concern and guide operations on ways to improve such as other income generators, RUBs, leasing/marketing optimization, and expense management.
Regularly complete market surveys to understand what competitors are doing and give guidance to operations to remain competitive.
Collaborate with senior leadership to create/update the Quarterly Asset Management webinar which will include detailed market data, property/portfolio level KPI’s, and financial analysis.
EDUCATION/EXPERIENCE:Bachelor's degree in real estate, Finance, Business Administration, or a related field.
Master's degree or industry certifications (e.g., CPM, CFA) preferred.
COMPETENCIES:Strong financial analysis skills,
Proficiency in real estate management software,
Excellent negotiation abilities,
Knowledge of real estate laws and regulations.
Key Qualities:Excellent written and verbal communication skills. Must be able to clearly convey complex financial information to various stakeholders, tenants, and team members.
Strong quantitative skills and demonstrated analytical ability. Must be able to utilize data and financial analysis to identify trends, risks, and opportunities for asset optimization.
Strategic Vision:
Develop and execute long-term asset management strategies aligned with organizational goals.
Communication Skills:
Effectively communicate complex financial concepts and strategies to diverse stakeholders.
Leadership:
Lead and collaborate with cross-functional teams to achieve asset management objectives.
Adaptability:
Navigate changing market conditions and industry dynamics to optimize asset performance.
Problem-Solving:
Analyze challenges and develop innovative solutions to enhance asset value.
Integrity:
Uphold high ethical standards in all asset management activities.
Professional Development:
Stay informed about industry trends and best practices through continuous learning.#J-18808-Ljbffr
The Senior Asset Manager role will work closely with the Vice President of Asset Management and CFO to provide analytical, operational, and financial oversight/feedback to ensure that all business plans are successful. This role offers an opportunity to expand on the skills related to asset management and learn how to effectively lead and work with operations, construction, senior leadership, equity partners, and lenders as well as working with the investment team on new acquisitions and delivering complex financial models to understand investor returns, hurdles, and timing of capital transactions. The Senior Asset Manager role will work well in a team environment and demonstrate an elevated level of integrity. Senior Asset Managers will be responsible for a portfolio of properties consisting of 12 to 15 assets.
VALUES MODELED:
All employees are expected to bring our values to life every day by demonstrating:
RESPECT:
Treat people with courtesy and kindness, valuing inclusion and diversity.
ACCOUNTABILITY:
Honor commitments, focus on delivering solutions, and take ownership of responsibilities.
INTEGRITY:
Act with honesty, honor, and transparency in all activities.
SERVICE:
Be socially conscious, proactive thinkers, committed to improving well-being.
EXCELLENCE:
Strive for excellence, adapt, innovate, and exceed expectations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:Asset Portfolio Management:Conduct weekly asset performance calls with the operations team to analyze the previous week’s results related to leasing, renewals, delinquency, expense management, rents, and capital projects and give guidance to operations as well as the Vice President of Asset Management on how to address any areas of concern and create additional means to maximize NOI.
Conduct monthly financial reviews to include P&L Statements, Balance Sheets, Aged Receivables, and Accounts Payable. Deliver guidance to accounting and operations on ways to improve the accuracy and timing of reporting.
Conduct weekly site visits and complete a detailed and thorough review of operations on the ground. Detailed notes will be recorded, and thoughtful feedback will be given on strategies to improve areas of concern and maximize NOI. This will include physical inspections of grounds, maintenance shops, amenities, and vacant units as well as in person discussions with property managers to understand both challenges faced and how to overcome them as well as finding methods to maximize NOI.
Work closely with the construction and operations teams to monitor capital project progress and ensure that all rent premiums are entered into management software.
Identify new programs to implement that can reduce expenses and/or maximize income. These programs can be specific to an individual property or can be for the larger portfolio.
Work with operations to create and deliver annual operating budgets.
Ensure compliance with loan agreements, JV agreements, and vendor agreements.
Ensure compliance with local, state, and Federal legal and regulatory requirements related to asset management activities.
Oversee the property insurance claim process including compiling all necessary documentation, clear communication with servicers and equity partners on status of repairs and collecting insurance proceeds.
Work with operations, insurance carrier/consultant, and risk team to develop and implement emergency response plans to ensure the safety and well-being of tenants and assets.
Staying up to date and researching the newest and most innovative ways of renovating amenities and interior units that drive the greatest renter demand, the highest premiums, and the highest return on investment.
Work with insurance brokers to analyze property insurance products that can reduce costs, deliver policy renewal documents to servicers/lenders, and work with adjusters/carriers to ensure timely submission of documents for claims.
Work with 3rd party consultants to file property tax appeals and pursue litigation, monitor county appraisal district websites for changes in tax rates, and work with servicers/lenders to ensure timely payment of taxes.
Property Operations:Monitor tenant review websites such as Apartments.com, Google, Yelp, and ApartmentRatings.com to better understand challenges that tenants face and help operations find ways to improve their experiences.
Lease Management:
Oversee lease negotiations, renewals, and terminations, ensuring optimal lease terms and income generation.
Tenant Relations:
Foster positive tenant relationships, addressing concerns and inquiries to enhance tenant satisfaction and retention.
Vendor Management:
Collaborate with third-party service providers, including property management firms, to ensure operational excellence and cost efficiency.
Compliance:
Ensure compliance with all relevant property laws, regulations, and industry standards, taking proactive steps to address any potential issues.
Reporting and Analysis:Analyze Weekly WAR (Weekly Activity Reports) models and update the Vice President of Asset Management on property trends and thoughts on how to address areas of concern.
Analyze the monthly Executive Summary Dashboard and give guidance to operations on what areas need improvement along with strategies on how to improve.
Complete monthly investor reporting packages and deliver thoughtful and detailed updates that give insight into what each asset is doing.
Analyze the monthly Hold-Period Analysis model to track performance against underwriting and the annual budgets. Use the analysis to find ways to manage expenses, increase income, improve RUBs and other income, and maximize NOI.
Update the monthly cash position model to include the most recently finalized financials, operating cash balances, escrow accounts, Real Estate taxes, property insurance, and projected cash flows. Deliver analysis to the Vice President of Asset Management and CFO along with notification of any issues or areas of concern including but not limited to cash runways, and shortfalls.
Analyze the Key Performance Indicator model monthly to identify areas of concern and guide operations on ways to improve such as other income generators, RUBs, leasing/marketing optimization, and expense management.
Regularly complete market surveys to understand what competitors are doing and give guidance to operations to remain competitive.
Collaborate with senior leadership to create/update the Quarterly Asset Management webinar which will include detailed market data, property/portfolio level KPI’s, and financial analysis.
EDUCATION/EXPERIENCE:Bachelor's degree in real estate, Finance, Business Administration, or a related field.
Master's degree or industry certifications (e.g., CPM, CFA) preferred.
COMPETENCIES:Strong financial analysis skills,
Proficiency in real estate management software,
Excellent negotiation abilities,
Knowledge of real estate laws and regulations.
Key Qualities:Excellent written and verbal communication skills. Must be able to clearly convey complex financial information to various stakeholders, tenants, and team members.
Strong quantitative skills and demonstrated analytical ability. Must be able to utilize data and financial analysis to identify trends, risks, and opportunities for asset optimization.
Strategic Vision:
Develop and execute long-term asset management strategies aligned with organizational goals.
Communication Skills:
Effectively communicate complex financial concepts and strategies to diverse stakeholders.
Leadership:
Lead and collaborate with cross-functional teams to achieve asset management objectives.
Adaptability:
Navigate changing market conditions and industry dynamics to optimize asset performance.
Problem-Solving:
Analyze challenges and develop innovative solutions to enhance asset value.
Integrity:
Uphold high ethical standards in all asset management activities.
Professional Development:
Stay informed about industry trends and best practices through continuous learning.#J-18808-Ljbffr