Jobs
>
Charlotte

    Asset Manager - Charlotte, United States - Mill Creek

    Mill Creek
    Mill Creek Charlotte, United States

    2 weeks ago

    Default job background
    Full time
    Description

    Welcome to Mill Creek We're glad you're here At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process. Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We want you to know that we encourage you to apply if this job excites you, even if you don't meet 100% of the requirements. You may just be the right candidate for this role, or another role and make your mark at Mill Creek.

    Position Summary

    The Asset Manager is responsible for providing strategic investment management for a portfolio of assets in a geographic region, or by Fund or product type. This position's primary responsibility is to act as the MCR Owner's Representative in the execution of investment and operating strategy for operating assets, with the goal of maximizing performance and value. Asset Management works closely with MCR's Development, Acquisitions, Finance, Portfolio, Property Management, Retail and Accounting groups.

    Essential Functions/Responsibilities

    Asset Strategy:

  • Act as MCR's Owner's Representative on operating assets.
  • Host new Development and Acquisition kick off calls with deal stakeholders to gather and discuss critical deal information, strategic direction, and ensure a strong operational launch.
  • Communicate regularly with Development, Acquisitions, Portfolio Management, JV Partners and Finance regarding updates to asset strategy, operational performance, and reforecasts related to valuations and timing.
  • Work closely with Property Management to incorporate overall asset strategy into day-to-day operations and operating plans, budgets, and reforecasts, with the goal to maximize asset value.
  • Track community performance and projected valuations against pro-forma underwriting and annual business plan assumptions.
  • Host quarterly investment strategy reviews to facilitate strategic discussions with MCR Partnership and Executives regarding asset valuations and sale, refi and/or hold strategy. Hold interim ad hoc strategy evaluations as needed. Run valuation sensitivity analyses in order to determine the base lease-up and disposition strategy and to enable educated investment decisions.

    • Operations and Property Reporting:

  • Oversee MCR's annual budget approval process, review annual budgets/business plans and review monthly operating reports and reforecasts.
  • Monitor and track financial and operating performance including occupancy, revenue, collections, expenses, and NOI in order to maximize overall performance and track to business plan expectations.
  • Evaluate and approve proposed major capital improvements and renovation programs.
  • Coordinate with Retail group, as applicable, regarding retail performance, forecasts, and LC/TI needs.
  • Review cash balances and approve excess cash distributions to the JV. Provide cash projections as necessary.
  • Monitor tax assessments, review all tax appeal opportunities and quarterback appeal processes.
  • Conduct site visits to assess operational processes, performance and compliance, physical condition of asset, and submarket conditions.

    • National, Portfolio and Fund Reporting:

  • Gather and provide property and submarket data/information as needed for National, Portfolio & Fund reporting.
  • Develop portfolio operating performance reports and benchmark performance.
  • Prepare and/or review quarterly appraisal/valuations and annual appraisals for MCR JV and Fund assets.

    • Finance:

  • Maintain investor relations and understand JV and lender requirements for each deal.
  • Track and monitor loan tests and compliance.
  • Assist the Finance group with loan extensions, modifications and loan refinancing.

    • Dispositions:

  • Quarterback the asset sales process and coordinate with Operations, Development, Acquisitions, Finance, Portfolio, JV Partner, Accounting and Construction as needed.
  • Track to business plan sale or buyout dates and direct property level operations/decisions accordingly. Reforecast regularly and communicate any changes to timing and value.

    • Deal and Market Information:

  • Be knowledgeable of regional market and submarket data – rent growth, occupancy, permitting and sales transactions.
  • Maintain relationships with local Brokerage groups and Appraisers in order to obtain timely market information.
  • Understand current and future trends in demographics, job growth, economic drivers, product supply and other market forces.
  • Ensure proper "transfer of knowledge" to obtain and gather critical deal information from Development, Construction or Acquisitions needed to effectively manage and operate asset for term of MCR's ownership. Gather and store important documents in National AM drive and/or other tool provided.
  • Gather lessons learned and share best practices to establish consistencies and efficiencies within the company.

    • Other:

  • Participates in Company-provided training such as fair housing, safety, non-discrimination, and harassment prevention.
  • Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.

    • Education and/or Experience

  • Bachelor's degree or equivalent is required for this position.
  • Minimum 5 years' experience in management, finance/investment and the multi-family real estate industry is required, with a proven track record of strong leadership ability.

    • Skills/Specialized Knowledge

  • Ability to read, write, understand, and communicate in English.
  • Ability to use personal computing devices and has advanced knowledge of email, Microsoft Word and Excel.
  • Excellent interpersonal skills; ability to relate to others.
  • Professional verbal and written communication skills.
  • Strong organizational and time-management skills.
  • Ability to perform advanced mathematical and accounting functions.
  • Ability to read and comprehend financial statements, such as profit and loss statements, general ledgers, and budgets.
  • Must be a strategic visionary with sound technical skills, analytical ability, good judgment, and strong operational focus.
  • Must be proactive, self-directed, and highly motivated.
  • Must have strong leadership ability.
  • Ability to successfully delegate.
  • Ability to multi-task.
  • Ability to make quick and effective decisions.
  • Ability to analyze and resolve problems.
  • Ability to cope with and defuse situations involving angry or difficult people.
  • Ability to negotiate, influence, and gain consensus.
  • Ability to manage a team.
  • Ability to train.
  • Ability to set and meet goals and consistently meet deadlines.
  • Ability to maintain flexibility and creativity in a variety of situations.
  • Ability to maintain confidentiality.
  • Ability to respond effectively to sensitive inquires or complaints.
  • Ability to conduct presentations or speak in public to large groups of people.
  • Ability to drive an automobile.
  • Ability to travel on all forms of commercial transportation.

    • Mill Creek is an Equal Opportunity Employer

    Are you ready to contribute to the success of Mill Creek Residential? If so, apply today and become part of an organization that believes in uncompromising integrity, celebrating successes, continuous improvement, and working hard, smart and together

  • Apex Systems

    Asset Manager

    2 weeks ago

    Apex Systems Charlotte, United States Contract

    Job#: · Job Description: · Qualifications: Microsoft suite experience (Word, PowerPoint, Excel, Outlook, ect) · 3+ years ticketing system experience · 3+ years inventory database experience · Detailed oriented · Clear communication (written and verbal) · Willing to learn/coach ...

  • The Widewaters Group

    Asset Manager

    3 weeks ago

    The Widewaters Group Charlotte, United States

    Job Description · Job DescriptionBenefits:401(k) · 401(k) matching · Competitive salary · Dental insurance · Employee discounts · Health insurance · Opportunity for advancement · Paid time off · Training & development · Vision insurance · Wellness resources · The Multifamily Asse ...

  • INLIVIAN

    Asset Manager

    3 weeks ago

    INLIVIAN Charlotte, United States

    Title: Asset Manager · Reports To: Senior Vice President of Asset Management · Department/Division: Horizon Development Properties, Inc. · FLSA Status: Exempt · Horizon Development Properties, Inc. (HDP) is a 501(c)(3) tax-exempt real estate investment and development firm he ...

  • Selby Jennings

    Director of Asset Management

    2 days ago

    Selby Jennings Charlotte, United States

    Director of Asset Management · Location: Charlotte, NC · Work Situation: In-person · Level: Director · Asset Type: Retail, Industrial, Residential · Our client, a quickly growing real estate investment and development firm, is searching for an Director of Asset Management to jo ...

  • RETS Associates

    Director Asset Management

    2 days ago

    RETS Associates Charlotte, United States

    RETS Associates, on behalf of its Client, a real estate investment advisor and operator of over 15MSF across the US, is seeking a Director, Asset Management (Director) for its Southeast portfolio totaling approximately 2.5MSF of assets focused predominately on industrial and mult ...

  • Brooksource

    ServiceNow - IT Asset Manager

    3 weeks ago

    Brooksource Charlotte, United States Contract

    Apply Now · << IT Asset Manager: · This team member will work closely with the IT Service Management Team and ServiceNow developers to develop, manage, and execute an IT Asset Management program. The IT Asset Manager will be responsible for developing and executing the business p ...

  • Brooksource

    ServiceNow - IT Asset Manager

    2 weeks ago

    Brooksource Charlotte, United States Contract

    Apply Now · << IT Asset Manager: · This team member will work closely with the IT Service Management Team and ServiceNow developers to develop, manage, and execute an IT Asset Management program. The IT Asset Manager will be responsible for developing and executing the business p ...

  • Sagard Holdings

    Director, Asset Management

    4 weeks ago

    Sagard Holdings Charlotte, United States

    Director, Asset Management positions have the primary responsibility of performing all asset management functions and property-level investment performance for a portfolio of real estate assets located within a defined geographic territory.Location: · Charlotte, NCKey job duties ...

  • Brooksource

    ServiceNow - IT Asset Manager

    3 days ago

    Brooksource Charlotte, United States Contract

    Apply Now · << IT Asset Manager: · This team member will work closely with the IT Service Management Team and ServiceNow developers to develop, manage, and execute an IT Asset Management program. The IT Asset Manager will be responsible for developing and executing the business p ...

  • John Hughes Company

    Asset Management Analyst

    1 day ago

    John Hughes Company Charlotte, United States

    We have a fantastic Real Estate Asset / Portfolio Analyst opportunity to join the acquisitions, development, and asset management team of a high-growth and expanding Multifamily group in their Charlotte, NC (North Carolina) office. · 4-5 years of Multifamily experience desired. W ...

  • Onward Energy

    Director, Asset Management

    1 week ago

    Onward Energy Charlotte, United States

    Position Description · Position Title: · Director, Asset Management – Thermal (Gas) · Reports To: · Vice President, Asset Management · Direct Reports: · Yes / · Functional Unit: · Asset Management & Operations · FLSA Status: · Exempt · Position Type: · Full-Time · Locatio ...

  • ApTask

    ServiceNow - IT Asset Manager

    4 days ago

    ApTask Charlotte, United States

    About Client: · The Client is a broadband and telecommunications services company that serves homes and businesses. The goal of the client is to advance a society in which both individuals and organizations have access to the connectivity they require to complete important tasks ...

  • BAE Systems

    Senior IT Asset Manager

    2 weeks ago

    BAE Systems Charlotte, United States Full time

    Job Description Are you a self-motivated, strategic thinker with a passion for managing and optimizing IT assets? Do you have a knack for analyzing data and identifying opportunities for cost savings and process improvement? Are you a natural leader with a talent for inspiring te ...

  • BAE Systems USA

    Senior IT Asset Manager

    1 week ago

    BAE Systems USA Charlotte, United States

    Job Description Are you a self-motivated, strategic thinker with a passion for managing and optimizing IT assets? Do you have a knack for analyzing data and identifying opportunities for cost savings and process improvement? Are you a natural leader with a talent for inspiring t ...

  • Belk

    Asset Protection Manager

    5 days ago

    Belk Charlotte, United States OTHER

    The Store Asset Protection Manager is responsible for administering the Asset Protection and shortage control programs for their store. The Store Asset Protection Manager is responsible for meeting or exceeding the stores shortage goals. This individual works in an independent ma ...

  • Quarterra

    Director of Asset Management

    1 week ago

    Quarterra Charlotte, United States

    Summary of Position: · As part of the Asset Management team, the Director of Asset Management will have an instrumental role in analyzing, monitoring, and implementing business plans for the Company's portfolio of Class A multifamily communities. The Director will consult with ...

  • BAE Systems PLC

    Senior IT Asset Manager

    1 week ago

    BAE Systems PLC Charlotte, United States

    Job Description · Are you a self-motivated, strategic thinker with a passion for managing and optimizing IT assets? · Do you have a knack for analyzing data and identifying opportunities for cost savings and process improvement? Are you a natural leader with a talent for inspir ...

  • Quarterra, LLC

    Director of Asset Management

    2 days ago

    Quarterra, LLC Charlotte, United States

    As part of the Asset Management team, the Director of Asset Management will have an instrumental role in analyzing, monitoring, and implementing business plans for the Company's portfolio of Class A multifamily communities. The Director will consult with executive leadership and ...

  • GHD

    Senior Advisor, Asset Management

    1 week ago

    GHD Charlotte, United States

    Senior Advisor, Asset Management · To solve complex challenges, you need to think widely and deeply. · At GHD Advisory we are invested in creating sustainable business and organizational outcomes with clients driving change in water, energy and urbanization for lasting communit ...

  • Mill Creek Residential Trust

    Asset Manager

    3 weeks ago

    Mill Creek Residential Trust Charlotte, United States

    Welcome to Mill Creek We're glad you're here · At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process. Studies have ...