Senior Lease Up Asset Manager

POSITION SUMMARY:

OneElmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million dollar company.

The Senior Lease Up Asset Manager is responsible for overseeing the initial investment lifecycle of a portfolio of affordable multifamily assets. This includes, but is not limited to, monitoring the original investment plan, communicating about performance, reforecasting when assets have strayed from the investment plan, and/or advising on enhancements to leasing performance.

To be an effective OneElmington teammate, you will need to:

• Have a great attitude
• Have high expectations
• Think BEYOND the box
• Work with passion
• Have a tireless work ethic
• Be confident
• Be self-sufficient and self-motivated
• Take pride in your work
• Be a good listener
• Offer a solution with every problem
• Be responsive and transparent

KNOWLEDGE/SKILLS/ABILITIES:

• Exceptional verbal and written communication skills to liaise effectively with team members and leadership.
• Outstanding organizational skills to manage multiple priorities, tasks, and deadlines efficiently.
• Financial management
• Analysis skills
• Knowledge of capital improvement and renovations
• Business acumen
• Ethical conduct
• Relationship management

ESSENTIAL JOB FUNCTIONS:

• Develop and execute strategies to drive leasing activity and revenue growth across the portfolio
• Provide innovative leasing guidance to various leasing teams and internal departments to help achieve leasing goals across a portfolio across different locations
• Determine effectiveness of expense-controlling and revenue-enhancing initiatives, and implement accordingly through the management and financing teams
• Establish review processes to analyze financial performance against budgets
• Conduct monthly property visits to assess onsite performance/operations, curb appeal, and ensure Elmington standards are met
• Forecast asset performance by conducting ongoing evaluation of lease up and cash flow during the lease up period to ensure the properties maintain or accelerate stabilization and permanent loan conversion
• Analyze portfolio trends and external market trends impacting asset performance
• Track assets' performance through various reporting methods shared with stakeholders
• Conducts internal audits of finance, compliance, and leasing systems to ensure the portfolio is compliant with all applicable regulations
• Work closely with the development team during underwriting and due diligence efforts to ensure sound investment strategies are followed through changing markets
• Work closely with the marketing, preleasing, and compliance teams to ensure all properties meet the objectives when first entering a market
• Work closely with property management team, and all lines of business across Elmington
• Perform all other duties as assigned

SPECIFIC EDUCATION OR EXPERIENCE:

• Bachelor's degree in a related field
• 3 years or more experience in leasing properties across different geographic footprints in either an asset management or property management capacity
• 5-10 years' experience in asset management, real estate analytics, or similar industry preferred but not required

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Frequently sit, stand and walk.
• Regularly required to talk or hear.
• Frequently required to use hands or fingers to handle or feel objects, tools or controls.
• Occasionally required to climb or balance, stoop, kneel, crouch or crawl.
• Occasionally lift and/or move up to 25 pounds.
• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus.
• The noise level in the work environment is usually moderate.
• Temperature in the workplace is typically moderate, though the ability to withstand seasonal cold and heat of the outdoors is necessary.

TRAVEL REQUIREMENTS:

• Travel up to 25% of the time.

The OneElmington Experience

We're creating a different kind of company at OneElmington. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know OneElmington is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then OneElmington could very well be the last company you ever work for.

OneElmington is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. OneElmington makes hiring decisions based solely on qualifications, merit, and business needs at the time.