Reports to: Senior Director, Asset Management
About Us
Since its formation in 1969, Security Properties and its partners have invested over $2.0 billion of equity in multifamily real estate, representing a portfolio value of nearly $6.0 billion. Today, the Security Properties portfolio reflects interests in 110 assets encompassing nearly 22,540 multifamily housing units – including properties under construction – making it one of the largest owners of residential real estate in the country. Security Properties believes in proactive communications with partners, lenders and employees, and invests heavily in the training of its people to ensure the longevity of our business relationships
Great Opportunity
As the Associate Director/Asset Manager you will play a key role in every transaction. This is an excellent opportunity for someone with strong communication skills, transaction experience, and a desire to work in a fast-paced environment.
Associate Director/Asset Manager are responsible for the execution of the business plans put together by the acquisitions team and, when necessary, adjusting those plans and strategies to respond to market conditions. They must work in coordination with the renovation and property management teams to execute the plans. They communicate asset performance and challenges to senior management and our joint venture partners. There is a bonus structure attached to this position that will be be paid based on company and business unit performance.
Duties and Responsibilities:
- Execute the business plan developed by the acquisition team
- Regularly revisit and adjust the business plan based on market changes, including:
- Revenue enhancement
- Operating efficiencies
- Capital expenditures and corresponding ROI
- Build and maintain strong, positive joint venture partner relationships.
- Keep joint venture partners and senior management informed about asset performance and challenges.
- Oversee a diverse portfolio of residential, ensuring optimal performance through strategic planning and financial oversight.
- Partner with property management and renovation teams to drive results and improve performance.
- Prepare and manage to property budgets, both operational and renovation
- Visit properties to assess condition and find new ways to enhance their value
- Act in the capacity of owner’s representative with contractors, consultants, legal, and other third parties
- Analyze property data and trends, using technology to gain insights and improve performance.
- Support transaction activity, including dispositions and financing efforts
- Continually analyze property performance and collaborate with Regional Manager and/or site team to improve property NOI where possible.
- Stay ahead of industry trends and competitor performance to capitalize on new opportunities and provide constructive direction to property management teams to adjust strategies for changing market conditions.
- Review financials and make recommendations to Regional Manager for property improvement
- Strong financial skills to understand and manage property performance.
- Working knowledge of accounting
- Excellent knowledge of real estate operations and investment concepts
- Experience with MS Office Suite, especially Excel
- Strong organizational skills with the ability to multi-task and meet critical deadlines
- Excellent communication skills, written and oral, and good presentation skills
- Team-oriented with a collaborative approach to achieving goals.
- Strong decision-making abilities, with the capacity to make sound judgments in dynamic and uncertain market conditions.
- Strategic mindset with the ability to contribute to the development and execution of the organization's overall financial strategy.
- Minimum of 4 years as multi-family Senior Regional Manager or Vice President experience
- Four-year college degree
We’re looking for someone who is passionate about real estate, values collaboration and is excited about the opportunity to use their operational experience to make a direct impact on property performance. If you’re someone who thrives in a dynamic environment and enjoys problem-solving, this could be the perfect role for you!
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