Senior Asset Manager

Senior Asset Manager

At BH Management Services, we are committed to creating value. We acquire, improve and manage apartment communities, and our success in this endeavor is evidenced by our growth from a start-up firm in 1993 to one of the largest multi-family management companies in the nation. BH understands that great customer service is what keeps residents satisfied, and that great service comes from engaged, happy and well-trained team members.

In 2018 and 2017, BH was ranked as one of FORTUNE magazine and Great Place to Work’s "Best Workplaces for Women." BH was also ranked in 2018 and 2020 as one of the "Best Workplaces for Millennials.” In addition, in 2019, BH was named to the 100 “Best Workplaces for Diversity.” We continue to recognize that we are only as strong as each individual employee and we value our employees by providing a strong benefit package:

• 3 Weeks of Paid Time Off
• Medical/ Dental/ Vision
• 401(k) + company match
• Birthday Paid Day Off
• BH Gives Back (Paid Volunteer Time Off)
• 12 Paid Holidays
• BH Paid Leave
• Sabbatical
• Education Reimbursement
• Employee Assistance Program
   

Senior Asset Manager

Position Summary:  As a member of the Asset Management Team, this position offers the opportunity for a self-starter with considerable real estate analytical and quantitative experience to work with a diverse group of people in a highly collaborative environment.  This person should possess strong organizational and problem-solving skills and excellent attention to detail in financial modeling, analysis, forecasting, and reporting.  The Senior Asset Manager will lead the execution of value-add strategies of an assigned multifamily real estate portfolio.  The overall responsibility is to maximize asset values through execution of the business plans and capital transaction opportunities. 

Essential Job Functions:

• Proactively review property operations and financials to identify areas for improvement and formulate strategies to drive performance.
• Analyze value-add strategy performance to proforma/budget and market and offer pivot recommendations as needed to improve performance.
• Review construction completion and interior remodel returns on investment to optimize outcomes.    
• Prepare reforecasts, cash flow modeling, and other analyses to understand performance to plan.
• Review and approve annual operating and capital expenditure budgets.
• Oversee property-level distributions.
• Develop and manage investor and lender relationships.
• Complete hold/sell/refinance analyses and present outcomes of various scenarios.
• Prepare and present Investment Committee packages for capital transactions.  Take ownership of capital transactions (refinance, supplemental, disposition) through corporate workflow.
• Understand organizational structure and monitor compliance to business terms of loan documents, operating agreements and management agreements.
• Confirm transaction accounting aligns with closing documentation.
• Prepare and present Ownership Reporting including financial, operational, and construction performance compared to plan as necessary.
• Special projects as assigned.

Minimum Qualifications/Skills:

• Bachelor’s Degree in Business, Finance, Real Estate or related field.
• 5+ years of real estate related experience (with multifamily assets preferred, not required).
• Advanced analytical and quantitative skills.

• Advanced knowledge of standard accounting practices and procedures.
• Advanced proficiency in Microsoft Office, specifically Excel.
• Strong organizational skills and excellent attention to detail.
• Professional communication and interpersonal skills.
• Robust motivation to learn and work with a diverse group of people in a highly collaborative environment.

Desired Qualifications/Skills:

• Multifamily asset management and/or acquisition underwriting experience.
• Yardi experience.

Work Schedule:  8am-5pm, Monday-Friday, or as needed to meet business needs.

BH/B.HOM is an Equal Employment Opportunity Employer. We foster the diverse voices of our community by advocating for inclusivity, celebrating our differences, and continually evolving our practice to make BH/B.HOM a better place to work and live.