Career Opportunities

Director of Asset Management

Cory Executive Recruiting - Los Angeles, CA

COMPANY

Our client is a national leader in the real estate industry, dedicated to providing the best services to their residents.

JOB SUMMARY

We are hiring for an experienced and action-oriented Director of Asset Management in the Los Angeles County, CA area. The Director of Asset Management is expected to oversee a portfolio while maintaining its affordability. This role will also be responsible for providing leadership to a team of individuals while developing strategies to ensure the portfolio is performing to the best of its ability.

  • Regular visits to properties within the portfolio to oversee on-site staff and operations

  • Work alongside the acquisition team on underwriting and any due diligence for any new investment opportunities

  • Gather market data, review property performance, measure each asset against its budget and goals, and any other asset-level valuations as needed

  • Work with Asset Managers, Regional Managers, and onsite Community team members

  • Partner with third-party property management teams

  • Perform financial reporting and analysis to coordinate with the accounting team to ensure all financial statements are accurate

  • Expected to be a point of contact and expert in each market where properties are assigned

  • Create and communicate recommendations for optimal exit strategies as well as coordinate and execute successful asset dispositions as needed

  • Responsible for managing any new asset takeovers and ensuring a smooth transition into the portfolio

  • Create, introduce and execute annual business plans and budgets for each asset in the portfolio

 QUALIFICATIONS

  • 10+ years of relevant experience in Multifamily Residential Property Management

  • 4+ years of Asset Management

  • Working knowledge of affordable housing, tax credit, HUD, LAHD, HCD, and CDLAC

  • Excellent financial and analytical acumen with a thorough understanding of financial statements and reporting

  • Unmatched dedication to customer service

  • Ability to communicate complex issues effectively

COMPENSATION

  • Very competitive full benefits package





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