Vice President of Asset Management
San Clemente, CA
This Vice President of Asset Management is a dynamic 360 asset management role that reports directly to the Chief Investment Officer (CIO) of the firm. The successful candidate will be in charge of formulating and implementing asset management strategies relevant to current market changes and maintain overall operational excellence.
This can be a remote position, but we prefer for the candidate to be based in California or Utah.
Main duties and responsibilities include:
Review capital budgets and long-term goals for existing assets and acquisitions to formulate annual business plans
Work closely with property management teams to implement business plans
Manage vendor relationships nationally to obtain best pricing for all services
Work with Capital Project group to implement renovation and/or rehab plans
Identify and evaluate opportunities to renovate existing communities, analyzing projected costs, cutting costs and investing in renovations when necessary
Occasionally conduct property site visits to maintain familiarity with property management and operating team
Oversee financial analysis of portfolio's operating results, identifying trends, telling a story, and providing strategic recommendations to senior management
Oversee due diligence on potential acquisitions to the portfolio
Generate 10-year plans for each asset community
Our Ideal CandidateThis role is a hands-on, 360 role that calls of professional experienced in Asset Management. In return for a competitive compensation package, the ideal candidate will possess the following:
Bachelors degree in Finance, Real Estate, Business or related field, MBA is a plus
Industry designations a plus; CPM or CCIM
5+ years experience in asset management, acquisitions, operations of Multifamily properties
Exposure to high amounts of Student and Multifamily units (4000+ units)
Proven track record of managing complex portfolios of properties
High ability to organize and manage complex portfolios of properties
Proficient in creating and analyzing financial models based on historic data (Excel)
Operations exposure or knowledge
Strategic problem-solving experience
Detail-oriented, high-level communications skills
What Can we Offer?
In return, the selected candidate will receive:
Competitive base salary + bonus
Compensation range dependent on experience
Competitive benefit package
Robust organization in growth mode
Opportunity to be a part of a high-performing boutique investment team with an industry-leader in multifamily assets
Director report to the Chief Investment Officer (CIO) of the firm
Boutique team-size, direct mentorship and team management opportunity
Physical Requirements
While performing the duties of this Job, the employee is regularly required to stand; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is frequently required to walk and sit. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 50 pounds.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice.