Asset Manager - Institutional Multifamily

Asset Manager - Institutional Multifamily

Job Summary

This position will be responsible for establishing short- and long-term goals to maximize the value of the multifamily investments through coordination with the appropriate acquisition, development, construction, and property management associates. The Asset Manager will communicate strategy and objectives as appropriate with Fairfield senior management and joint venture partners. In addition to overseeing overall implementation and execution of the investment goals, the Asset Manager will participate in the preparation of business plans, determination of rehabilitation scopes, preparation of annual budgets, financial projections, and monitoring operations of the properties and marketing/leasing efforts.

Location

This position offers the flexibility to work remotely from anywhere in the US, and all qualified applicants will be considered, regardless of location. Strong preference for proximity to a major airport for travel convenience, as travel is required on an as-needed basis.

Education/Certificates

• Bachelor's degree in related field required.

• MBA or a Master's degree in relevant field preferred.

Experience

• 5+ years of experience in an institutionally owned asset management, value-add/redevelopment, and/or an acquisitions capacity is required.

• 10+ years in Multifamily strongly preferred.

• Experience creating value in existing properties, while being knowledgeable about markets and knowing when it's best to develop, rehabilitate, buy or sell is required.

• Leadership experience with proven examples of organizational growth and mentorship to others is required.

• Experience working closely with a team along with cross-departmental collaboration is required.

Skills, Knowledge & Abilities

• Ability to evaluate market/investment/physical property conditions and generate/execute a plan.

• Strong analytical skills and financial acumen.

• Ability to prioritize, direct, and execute capital expenditure plans and projects.

• Proficiency in MS Excel software is a must.

• Ability to professionally communicate clearly and effectively to internal and external investors/stakeholders.

• Highly motivated and autonomous, but also works well within groups.

• Good communication skills, both oral and written, as well as interpersonal skills are imperative.

• Excellent organizational skills to meet the demands and deadlines that are a part of this position are required.

• A highly motivated person that thrives on responsibility and decision-making will be sought.

• Ability to travel on an as-needed basis.

Essential Duties

• Oversees all activities within the assigned portfolio; monitor property performance to ensure it meets/exceeds acquisition proforma objectives and industry averages.

• Leads team asset meetings for both recently acquired and stabilized communities, working through construction and operations issues with members of Fairfield's Redevelopment Construction and Property Management groups.

• Assists in developing acquisition, repositioning, operational and disposition strategies; recommend criteria for value-add/rehabilitation programs.

• Provides ownership oversight of the implementation of large capital investment decisions.

• Remains actively involved in all significant legal issues impacting property value and/or corporate publicity.

• Monitors transactions and development activity that might affect the subject investment; develop thorough understanding of national markets as assigned and prepare market reports as requested.

• Manages the annual budgeting and business planning process.

• Maintains a thorough understanding of all partnership agreements and loan documents including lender approval, compliance and reporting requirements.

• Completes company required training by established deadline.

• Complies with all Fairfield standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.

• Any other duties or responsibilities that may be assigned.

Our Company:

At Fairfield, we are proud to be a leader in the multifamily housing industry. We are passionate about creating exceptional and luxurious apartment living. Among the most experienced multifamily companies, Fairfield has developed and acquired over 1000 communities since 1985. We are an award-winning company that proudly employs over 1,400 associates who are dedicated to serving our customers at our apartment communities located in over 30 markets nationwide.

#LI-PAT

#REMOTE

Estimated Rate of Pay:

$150,000.00 - $225,000.00

This position is exempt; the range above reflects annual base salary.

The pay range displayed for this position is determined by skills and experience required, location and job complexity*. Potential job offers may vary based on the skills, education, and experience an individual candidate holds. This range reflects base rate only, and does not include allowances, perks, commissions or bonuses applicable to this position (if any). In addition to base salary, Fairfield offers all full time associates the following, upon meeting eligibility requirements:

• Paid time off, paid holidays and sick days, paid time off for volunteering activities (optional)
• Matched 401(k)
• Medical, dental & vision insurance
• Flexible spending account
• Life insurance

* Pay range is a calculation based on a midpoint price. Fairfield complies with all wage and hour laws, including minimum wage and salary exempt requirements.