Asset Manager
Apply NowCompany: MG Properties Group
Location: San Diego, CA 92154
Description:
With over 30 years of experience in the acquisition, development, rehabilitation, and management of apartment communities across the Western United States, we are a trusted partner in the property management industry. At MG Properties, we focus on enriching lives - physically in our community buildings, philanthropically through giving back to our local communities, and through development and growth of our employees.
General Functions:
Financial analysis and tracking of operational performance of portfolio and participation in evaluation and due diligence process for new acquisitions. Operations budget preparation and performance reporting. Oversight of property performance against pro-forma and general business plans
Supervision Received:
The Asset Manager will report to the Vice President of Asset Management
Essential Responsibilities:
The physical demands of this position are representative of those that must be met by an employee to successfully perform the essential functions of the job. The Company will attempt to make reasonable accommodations whenever possible to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, use of hands to finger, handle, or feel, reach with hands and arms, talk or hear, count and perform basic arithmetical calculations (add and subtract) and read and write basic English. The employee frequently is required to stand, walk and legally operate equipment. The employee is occasionally required to climb or balance and stop, kneel, crouch or crawl. The employee must frequently lift and or move up to 10 lbs and occasionally lift and or move up to 25 lbs. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
This job description does not list all the duties of the job. You may be asked to perform other duties at any time. You will be evaluated in part based on your performance of the tasks listed in this job description.
MG Properties Group has the right to revise this job description at any time. The job description is not a contract for employment, and either you or MG Properties Group may terminate employment at any time, for any reason
Compensation and Benefits
California pay range
$130,000-$160,000 USD
MG Properties is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We are a drug-free workplace, participate in E-Verify, and are an at-will employer.
If identified for a position, you will be asked to submit to a background check and drug-screen.
General Functions:
Financial analysis and tracking of operational performance of portfolio and participation in evaluation and due diligence process for new acquisitions. Operations budget preparation and performance reporting. Oversight of property performance against pro-forma and general business plans
Supervision Received:
The Asset Manager will report to the Vice President of Asset Management
Essential Responsibilities:
- Participate in the annual property budgeting process and review. Work with VP of Asset Management, SVP of Property Management, and Regional Property Managers to ensure the timely completion of comprehensive operating budgets.
- Participate in the business plan preparation, due diligence, financial analysis, creation of stabilization budgets, and cash flow forecasts of potential acquisitions.
- Track portfolio operating results on a weekly, monthly, and quarterly basis to identify trends and opportunities. Participate in the investment reporting process.
- Work with VP of Asset Management and Construction Project Managers in ensuring that planned capital projects are executed on schedule and within budget.
- Work with VP of Asset Management on ancillary income programs/policies to maximize the collection of "other income" throughout the portfolio. (Utility reimbursements, renter's insurance, fee structures, etc.)
- Track and evaluate results of Revenue Management system (YieldStar/AIRM), working with Pricing Analyst to ensure positive results throughout the portfolio. Learn and understand the pricing methodology to be able to evaluate and report on results.
- Track market conditions and performance in relation to current portfolio performance
- General oversight of third-party service providers.
- Compilation and distribution of executive reports. Analysis of same.
- Participate in the evolution of technology throughout the organization.
- Provide project specific oversight to specified properties and/or projects within the portfolio as assigned.
- Special projects as may be assigned.
- Bachelor's degree in Finance, Business, Economics, or Real Estate. Advanced degree preferred.
- Minimum 7 years of direct experience in the asset management of multifamily properties.
- Demonstrated experience in the multi-family housing industry including an understanding of the dynamics of rental pricing.
- Financial analysis and/or accounting experience.
- Demonstrated ability to analyze quantitative information.
- Ability to create and work within existing sophisticated Excel-based reports/spreadsheets.
- Proficiency in Yardi property management software and YieldStar/AIRM.
- Must be highly organized, numbers oriented and analytical.
- Must possess a strong work ethic and attention to detail.
- Excellent verbal and written communication skills and the ability to effectively communicate with all levels of staff.
- Some travel required including overnight stays outside of San Diego County.
The physical demands of this position are representative of those that must be met by an employee to successfully perform the essential functions of the job. The Company will attempt to make reasonable accommodations whenever possible to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, use of hands to finger, handle, or feel, reach with hands and arms, talk or hear, count and perform basic arithmetical calculations (add and subtract) and read and write basic English. The employee frequently is required to stand, walk and legally operate equipment. The employee is occasionally required to climb or balance and stop, kneel, crouch or crawl. The employee must frequently lift and or move up to 10 lbs and occasionally lift and or move up to 25 lbs. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
This job description does not list all the duties of the job. You may be asked to perform other duties at any time. You will be evaluated in part based on your performance of the tasks listed in this job description.
MG Properties Group has the right to revise this job description at any time. The job description is not a contract for employment, and either you or MG Properties Group may terminate employment at any time, for any reason
Compensation and Benefits
- $130,000-$160,000/annually
- Annual Bonus potential
- Company profit sharing
- Accrues 10 days Paid time off per year
- 10 Paid Holidays and 2 Paid Personal Days per year
- 40 Hours of Paid Sick Time
- 401K with employer match
- Medical, Dental, Vision, Employee Assistance Program
- Life Insurance
- Flexible Spending Account, Dependent Care Spending Account
California pay range
$130,000-$160,000 USD
MG Properties is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We are a drug-free workplace, participate in E-Verify, and are an at-will employer.
If identified for a position, you will be asked to submit to a background check and drug-screen.