Director of Asset Management Phoenix, Az - Western Wealth Communities

Western Wealth Communities

Verified Company

Phoenix, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Director, Asset Management

SUMMARY
The Director, Asset Management is responsible for analyzing, monitoring, and implementing business

plans for Western Wealth Capital's ("WWC") portfolio of multifamily communities. Responsibilities

include business plan execution, annual budgets, reforecasts and investor reporting. The Director will

work closely with operations and identify ways to increase efficiency and profits. The Director will work

closely with the corporate and community teams to ensure compliance and maximized value of

company initiatives. Most importantly, this position will require leadership to create a continuous and

tangible impact, while ensuring all activities are consistent with the organization's policies and

procedures.

CLASSIFICATION
The position is a full-time, regular, exempt position.

REPORTING RELATIONSHIP
The position reports directly to the Executive Vice President.

ESSENTIAL FUNCTIONS

Leads the weekly, monthly, quarterly and/or annual reporting on the performance of properties to which assigned.
Collaborates with clients, vendors, employees across all departments, and executives to identify the strengths and weaknesses of a business.
Collects and analyzes annual reports, procedures, system design, and other data useful to identify opportunities for improvement.
Assesses current practices and documents, records, and reports on findings.
Provides valuation targets for each asset and compare to initial underwriting.
Makes recommendations for improvements, which may include new practices, forms, reports, data collection, and/or staffing changes based on assessments of current practices; communicates these recommendations to executives or other appropriate senior staff.
Works with Accounting department to provide direction on cashflow needs and forecasts.
Facilitate and coordinate with Capital Markets team on financing and refinancing of communities.
Collaborates with employees to facilitate successful implementation of new systems and procedures.
Promotes, tracks, and measures compliance with program changes by creating and implementing appropriate data collection, reporting, and/or recordkeeping processes.
Reviews results of program changes for efficacy; makes or recommends further adaptations as needed for continual improvement.
Meets with clients to gather, discuss, and understand personal financial information such as current income, expenses, insurance coverage, property taxes, financial goals, risk tolerance, and other information necessary for financial planning.
Assesses clients' financial objectives, assets, liabilities, cash flow, insurance coverage, and tax status.
Develops strategies and plans to achieve financial goals of the properties.
Maintains knowledge of new and emerging investment trends and opportunities in both the macro and micro markets of their assigned portfolio.
Builds additional skills and knowledge in the industry including obtaining additional licenses and certifications as appropriate.
Participates in reporting requirements with Equity partners.
Assists Acquisitions team in the initial underwriting of new assets.
Performs other duties as assigned.

QUALIFICATIONS

To perform the role successfully, an individual must be able to perform all essential functions satisfactorily. The requirements define the knowledge, skill, and/or ability necessary to perform the essential functions. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND EXPERIENCE

Bachelor's degree in Business, or relevant field; or five years related experience and/or training; or equivalent combination of education and experience.
Knowledgeable in all areas of multifamily asset management.
Intermediate to advanced skill in creating, modifying and interpreting Excel Investor return and analytic modeling in order to communicate material strengths, weaknesses, opportunities and threats for each asset in the portfolio to the executive management team and investors.
Must possess a valid driver's license.

COMPETENCIES

Use of Technology
Demonstrates required skills; adapts to new technologies; troubleshoots technological problems; uses technology to increase productivity; keeps technical skills up to date.

Communications

Expresses ideas and thoughts verbally; expresses ideas and thoughts in written form; exhibits good listening and comprehension; keeps others adequately informed; selects and uses appropriate communication methods.

Managing Customer Focus

Promotes customer focus; establishes customer service standards; provides training in customer service delivery; monitors customer satisfaction; develops new approaches to meeting customer needs.

Problem Solving

Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations;