Multifamily Asset Manager Job at Continental Realty Corporation, Charleston, SC

dXhYeEppNk5pZTI1emFlckpmZG1aWm51THc9PQ==
  • Continental Realty Corporation
  • Charleston, SC

Job Description

Position : Asset Manager, Multifamily Division

*Charleston, SC area strongly preferred, will consider close surrounding locations. Hybrid and flexible schedules available with telework option from that general area.

Role Overview

Continental Realty Corporation (CRC) is seeking an Asset Manager to join the multifamily Asset Management team. This position will report to the Director of Multifamily Asset Management and will be responsible for managing the financial performance of a portfolio of properties.

Essential Duties and Responsibilities

  • Monitor and report on key performance indicators for both operational and financial performance. Maintain written business plans for a portfolio of properties.

  • Spearhead the annual operating budget preparation process for an assigned portfolio with assistance from Regional Managers.

  • Assist with the development of one-year and five-year capital budgets, including specifications for upcoming capital projects. The Asset Manager will also review construction project status, job cost and variances on an ongoing basis.

  • Run quarterly valuations for a portfolio of properties.

  • Maintain compliance with loan documents and communicate with Lenders as needed for a portfolio of properties.

  • Collaborate with Residential Operations to regularly to review property performance, capital projects, review cash flows, balance sheets and actual performance vs. budget and proforma. Implement specific plans and programs which help to achieve the financial, investment and operating goals of the portfolio

  • Regularly present financial and operational performance results to members of the Leadership Team

  • Travel to tour properties and meet with onsite staff on a quarterly basis.

  • Collaborate with Investor Reporting and Investor Relations to draft written updates and investor-focused performance reports

  • Surface and discuss any issues which threaten portfolio performance.

  • Develop and lead revenue-enhancing and expense containment initiatives to drive operational excellence and enhance value.

  • Work with appropriate departments on property acquisitions, dispositions and property financing. The Asset Manager plays a supportive role in underwriting new acquisitions and a lead role in the disposition process.

  • Involvement with miscellaneous property and portfolio issues, including but not limited to real estate tax appeals, cash management, owner distributions, and owner reporting.

Primary Qualifications

  • 5+ years of direct experience in multifamily asset management.
  • Multifamily operational or construction experience a plus.
  • Bachelor’s degree required. Relevant advanced degree preferred.
  • A strong understanding of real estate accounting, finance and the overall real estate industry.
  • Demonstrated ability to analyze financial and operational data and prepare analysis and reports for both ownership and operational managers.
  • Demonstrated excellence in Excel, database management applications, property management software (preferably Yardi) and rent optimization software (preferably LRO).
  • Outstanding written, verbal and overall professional presentation skills.

CRC is a 60+ year-old company with a best-in-class reputation as investors and operators. The firm is currently $4 billion in AUM. The current multi-family portfolio is roughly 10,000 units and includes Class A new product (30% +/-), value-add (50% +/-), and workforce housing (20% +/-). The portfolio is located throughout the Mid-Atlantic and Southeast, with clusters in Baltimore and the Carolinas. CRC is a vertically-integrated investor/operator and not a services company providing third-party management services for non-CRC properties. With a 60+ year history as owner-operators, CRC’s Asset Management function is hands-on. CRC is focused on delivering exceptional investment results through nuanced and thoughtful business strategies, unique to each asset. The organization relies on the Asset Management Team to be the experts on individual assets and on the sub-markets in which they are located. Asset Managers are onsite regularly and in close contact with the Regional Managers and other Operations Team members weekly. Asset Management reports into the Senior Executive Team regularly. Some travel will be required.

Job Tags

Remote job, Flexible hours,

Similar Jobs

Urgent Team Management

ARRT Radiology or Limited License X-Ray Technologist at Baptist Health Urgent Care - PRN Job at Urgent Team Management

 ...which recognizes the companys commitment to safety, quality, and scope of services. JOB SUMMARY: This position will perform x-ray testing including body mechanics and patient movement using knowledge of anatomy and physiology. Operates diagnostic equipment, develops film... 

Suburban Inns

2nd Shift - Facility Technician - Holiday Inn Express Holland Job at Suburban Inns

 ... The Holiday Inn Express is a fast-paced, high-energy workplace, with endless opportunities for advancement. Come join the best...  ...Facilities Technician you would be responsible for maintaining property grounds, public areas, and the hotel guest rooms, while following... 

Maximum Security

Security Guard / Security Officer - Weekend Work Job at Maximum Security

 ...position is: $16.50-18 When applying to this position you are applying to all the job openings Maximum currently has. As a Security Guard/ Security Officer with Maximum Security, you will be an important part of our team. Our guards'fallinto one of two major roles... 

AO Globe Life - Jacob Buzzard

Remote Account Manager Job at AO Globe Life - Jacob Buzzard

 ...individually Possesses a strong work ethic and drive to succeed What you can expect: Flexible Schedule with Weekly Pay 100% Remote Position Weekly Trainings lead by Top Leaders Life Insurance Health Insurance reimbursement Industry-leading... 

Necnic Group, LLC

Hematology/Oncology Job at Necnic Group, LLC

(Physician/MD qualifications required) Hematology and Oncology - Hematology| Oncology Physician Opportunity Northwest Indiana Seeking a Board Certified|Board Eligible Hematology|Oncology physician to join a multi-disciplinary cancer center in Northwest Indiana. This...