Job description

Director, Asset Management

SUMMARY

The Director, Asset Management is responsible for analyzing, monitoring, and implementing business plans for Western Wealth Capital’s (“WWC”) portfolio of multifamily communities. Responsibilities include business plan execution, annual budgets, reforecasts and investor reporting. The Director will work closely with operations and identify ways to increase efficiency and profits. The Director will work closely with the corporate and community teams to ensure compliance and maximized value of company initiatives. Most importantly, this position will require leadership to create a continuous and tangible impact, while ensuring all activities are consistent with the organization’s policies and procedures.

CLASSIFICATION

The position is a full-time, regular, exempt position.

REPORTING RELATIONSHIP

The position reports directly to the Executive Vice President.

ESSENTIAL FUNCTIONS

• Leads the weekly, monthly, quarterly and/or annual reporting on the performance of properties to which assigned.
• Collaborates with clients, vendors, employees across all departments, and executives to identify the strengths and weaknesses of a business.
• Collects and analyzes annual reports, procedures, system design, and other data useful to identify opportunities for improvement.
• Assesses current practices and documents, records, and reports on findings.
• Provides valuation targets for each asset and compare to initial underwriting.
• Makes recommendations for improvements, which may include new practices, forms, reports, data collection, and/or staffing changes based on assessments of current practices; communicates these recommendations to executives or other appropriate senior staff.
• Works with Accounting department to provide direction on cashflow needs and forecasts.
• Facilitate and coordinate with Capital Markets team on financing and refinancing of communities.
• Collaborates with employees to facilitate successful implementation of new systems and procedures.
• Promotes, tracks, and measures compliance with program changes by creating and implementing appropriate data collection, reporting, and/or recordkeeping processes.
• Reviews results of program changes for efficacy; makes or recommends further adaptations as needed for continual improvement.
• Meets with clients to gather, discuss, and understand personal financial information such as current income, expenses, insurance coverage, property taxes, financial goals, risk tolerance, and other information necessary for financial planning.
• Assesses clients’ financial objectives, assets, liabilities, cash flow, insurance coverage, and tax status.
• Develops strategies and plans to achieve financial goals of the properties.
• Maintains knowledge of new and emerging investment trends and opportunities in both the macro and micro markets of their assigned portfolio.
• Builds additional skills and knowledge in the industry including obtaining additional licenses and certifications as appropriate.
• Participates in reporting requirements with Equity partners.
• Assists Acquisitions team in the initial underwriting of new assets.
• Performs other duties as assigned.

QUALIFICATIONS

To perform the role successfully, an individual must be able to perform all essential functions satisfactorily. The requirements define the knowledge, skill, and/or ability necessary to perform the essential functions. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE

• Bachelor's degree in Business, or relevant field; or five years related experience and/or training; or equivalent combination of education and experience.
• Knowledgeable in all areas of multi-family asset management.
• Intermediate computer skills using Yardi Voyager, various industry specific technology, and using

Microsoft Office Suite (Word, Excel, Outlook, and PowerPoint) and various other computer applications.

• Intermediate to advanced skill in creating, modifying and interpreting Excel Investor return and analytic modeling in order to communicate material strengths, weaknesses, opportunities and threats for each asset in the portfolio to the executive management team and investors.

COMPETENCIES

• Use of Technology - Demonstrates required skills; adapts to new technologies; troubleshoots technological problems; uses technology to increase productivity; keeps technical skills up to date.
• Communications - Expresses ideas and thoughts verbally; expresses ideas and thoughts in written form; exhibits good listening and comprehension; keeps others adequately informed; selects and uses appropriate communication methods.
• Managing Customer Focus - Promotes customer focus; establishes customer service standards; provides training in customer service delivery; monitors customer satisfaction; develops new approaches to meeting customer needs.
• Problem Solving - Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
• Adaptability - Adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
• Analytical - Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs workflows and procedures.
• Business Acumen - Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.
• Cooperation - Establishes and maintains effective relations; exhibits tact and consideration; offers assistance and support to co-workers; works cooperatively in group situations; works actively to resolve conflicts.
• Dependability - Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals.; completes tasks on time or notifies appropriate person with an alternate plan.
• Planning/Organizing - Prioritizes and plans work activities; uses time efficiently; plans for additional resources; sets goals and objectives; organizes or schedules other people and their tasks; develops realistic action plans.

PHYSICAL DEMANDS

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. While performing the duties of this job, the employee is regularly required to stand; walk and sit. The employee is frequently required to use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to climb or balance; stoop, kneel, crouch, or crawl and taste or smell. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include the ability to see.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is rarely exposed to wet and/or humid conditions; moving mechanical parts; high, precarious places; fumes or airborne particles; toxic or caustic chemicals; outside weather conditions; risk of electrical shock and vibration. The noise level in the work environment is usually moderate.

Job Type: Full-time

Pay: $125,000.00 - $175,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• Weekend availability

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Atlanta, GA: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• How many years of financial experience do you have?
• How many years of multifamily experience do you have?
• How many years of Yardi Voyager experience do you have?
• How many years experience do you have creating budgets ?"
• How many years of financial planning experience do you have?"
• How many years of investor reporting experience do you have?"
• How many years experience do you have with forecasting / reforecasting ?"
• How many years of execution of business plan do you have?"
• How many years of cashflow analysis experience do have?"
• How many years of business plan implementation do you have?"

Experience:

• Microsoft Excel: 1 year (Preferred)

Work Location: In person

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