Senior Asset Manager
Seattle, WA
Our client, a privately held real estate investment, development, and property management firm, is looking for a Senior Asset Manager to lead the strategic and financial oversight of a large multifamily portfolio. This role focuses on maximizing asset value, strengthening financial performance, and supporting long-term investment goals.
Working closely with executive leadership and cross-functional partners, the Senior Asset Manager will collaborate with acquisitions, property management, construction, finance and risk, tax consultants, and legal teams to drive portfolio performance, execute investment strategies, and ensure assets operate in line with ownership objectives.
Senior Asset Manager Responsibilities:
- Review monthly financial reports, KPIs, and variance analyses to evaluate asset performance.
- Monitor results against underwriting assumptions, budgets, and long-term business plans.
- Identify performance gaps and collaborate with property management to implement improvement strategies.
- Align rent growth strategies with market trends and portfolio objectives.
- Drive NOI growth, expense management, and overall asset value.
- Develop and maintain asset-level business plans and investment strategies.
- Identify and oversee value-add initiatives, renovations, and revenue enhancement opportunities.
- Lead capital planning and evaluate returns on capital improvement projects.
- Perform financial modeling to assess investment performance and potential initiatives.
- Support refinancing, acquisitions, and disposition analysis as needed.
- Review and approve annual operating budgets prepared by property management.
- Monitor key operational metrics including occupancy, leasing activity, expense control, and resident retention.
- Partner with risk and insurance teams to address claims trends and mitigate potential risks.
- Prepare asset performance reports and provide insights to executive leadership.
- Conduct market research and competitive analysis to support strategic decisions.
Senior Asset Manager Qualifications:
- At least 7 years of experience in multifamily asset management or institutional real estate.
- Bachelor’s degree required; advanced degree such as MBA, MSRE, or CPA preferred.
- Strong financial analysis and modeling skills.
- Solid understanding of multifamily operations, capital planning, and investment strategy.
- Experience working with third-party or affiliated property management teams.
- Strong organizational, analytical, and problem-solving abilities.
- Excellent communication and collaboration skills.
Benefits & Appreciation:
- Medical, Dental, Vision, Disability, and Life Insurance.
- 401K plan with matching.
- Health Care and Dependent Care Flexible Spending Account (FSA).
- Employee Assistance Plan.
- Paid time off and holidays.
Compensation: $155K - $185K + bonus