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About the Role
The Asset Management Specialist assists in developing and implementing best practices for market rate, affordable, and student housing communities. This role supports daily functions to enhance the Asset Management Department's performance and achieve Gilbane Development Company's economic goals.
Responsibilities
- Assist with the operation and preservation of the entire portfolio by responding to internal and external inquiries.
- Review property profit and loss statements, download information for dashboard distribution, and ensure timely distribution to executive staff.
- Ensure monthly financial packages are copied and maintained in appropriate files.
- Monitor and advise on the financial health of each property in collaboration with the Director of Asset Management.
- Implement company financial directives with leadership.
- Ensure timely revenue collection and proper payment processing by third-party and in-house management.
- Improve systems to enhance current collections and operations.
- Oversee on-site managers and third-party property management companies to ensure deadlines are met.
- Read, interpret, and advise on proposals received from third-party and in-house managers.
- Ensure approvals are received and analyzed for budget compliance.
- Ensure multiple proposals are received for expenditures over $3,500.
- Visit properties to inspect condition, provide direction, and gauge adherence to standards.
- Assist, prepare, and review annual operating budgets and income projections.
- Analyze monthly expenses to ensure accurate completion by third-party property managers.
- Monitor and create spreadsheets regarding critical dates in the Asset Management Portfolio.
- Assist in ensuring Capital Improvement Plans are completed timely.
- Submit invoices to accounting for approvals.
- Ensure high-level issues and disputes are internally reported to the appropriate asset manager.
- Perform other related duties as assigned.
Requirements
- Bachelor’s degree or equivalent experience preferred.
- Minimum 3 years of multifamily and affordable housing property management experience preferred.
- Occasional travel required.
- Equivalent combination of education and experience.
Skills
- Proactive and multitasking abilities among various projects and assets.
- Organized and methodical system for managing tasks.
- Strong analytical skills with high attention to detail and accuracy.
- Strong organizational, time-management, and prioritizing skills.
- Excellent verbal, written, and interpersonal communication skills.
- Ability to work independently and on teams in a fast-paced environment.
- Advanced skills in Microsoft Office and Excel.
- RealPage experience a plus.
Location
- New York
Work Type
- Full-time
Experience Level
- Minimum 3 years
Education Level
- Bachelor's degree or equivalent experience
Salary/Compensations
- $98,600.00 - $126,100.00
Benefits
- Competitive health and welfare benefits
- Generous profit-sharing/401k plan
- Investment in employee education through Gilbane University
- Retirement program
About the Company
- Gilbane Development Company focuses on market rate, affordable, and student housing communities.
- Gilbane offers an excellent total compensation package.
- Gilbane has built Gilbane University into a top training organization in the construction industry.
Equal Opportunity
- Gilbane is an Affirmative Action/Equal Opportunity Employer.
- All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status.
- Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions.