Senior Asset Manager at Recruitment Team | NY, US | Rezi

Senior Asset Manager at Recruitment Team

Senior Asset Manager

Recruitment Team · NY, US

2 weeks ago

Senior Asset Manager

Recruitment Team · NY, US

17 days ago
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About the Role

This role is critical in the day-to-day asset management of a complex portfolio within the regulated affordable housing sector. The asset management team influences major business decisions, offering significant access to senior leadership. The ideal candidate is a self-starter passionate about affordable housing, eager for leadership growth, and capable of both strategic and detailed thinking.

Responsibilities

  • Manage a diverse portfolio of affordable multifamily assets in NYC.
  • Monitor and evaluate financial operating results to enhance cash flow and profitability through monthly financial reviews and property data analysis.
  • Evaluate overall performance to assist in strategic business planning.
  • Assist in establishing and enforcing benchmarks, guidelines, and policies.
  • Collaborate with property management to identify challenges and execute timely solutions, including managing budgets, staffing, capex, and other property programs.
  • Collaborate with third parties (Property Managers, Consultants, Attorneys) to provide clear direction on portfolio strategy and asset business plans.
  • Conduct regular site visits to review curb appeal, capex projects, common areas, vacant units, and personnel issues.
  • Work with property management to prepare annual budgets.
  • Effectively present information and respond to questions from senior leadership and stakeholders.
  • Oversee and ensure compliance with all regulatory programs for assigned properties, escalating issues appropriately with consistent follow-up.
  • Develop forward-looking financial models to track performance and returns, including buy/hold analyses, refinancing opportunities, and portfolio-level performance analyses.
  • Work closely with senior management on complex deals and lead assigned portfolios with VP support.

Requirements

  • Minimum of 5-7 years of multifamily asset management experience or comparable skills across real estate roles.
  • Demonstrated self-starter with a track record of effective and independent work, taking ownership of portfolio segments.
  • Intuitive and detailed understanding of transaction dynamics and risks, with the ability to analyze broader trends beyond numbers.
  • Highly responsive with a track record of proactive follow-through.
  • Ability to escalate issues appropriately with clear communication and consistent follow-up.
  • Experience with affordable housing programs (e.g., project-based Section 8) preferred; NYCHA's PACT program experience is a plus.
  • Strong financial modeling skills, including building and modifying formulas and models for various investments, joint ventures, and fund structures.
  • Proven track record of success and leadership demonstrating understanding of operations, financing, leasing, marketing, investment, and ownership issues.
  • Demonstrated strength in analytical, quantitative, writing, and technical skills.
  • Team player able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines.
  • Excellent interpersonal and communication skills, oral and written.
  • Strong organizational skills and attention to detail.

Skills

  • Asset Management
  • Financial Modeling
  • Budget Management
  • Property Operations
  • Strategic Planning
  • Analytical Skills
  • Quantitative Skills
  • Writing Skills
  • Technical Skills
  • Interpersonal Skills
  • Communication Skills
  • Organizational Skills
  • Attention to Detail

Location

  • NYC

Work Type

  • Full-time

Experience Level

  • 5-7 years

About the Company

  • The team sits at the center of our investment management and property management teams, serving as leaders and collaborators with every function throughout the organization.