Asset Management Analyst - Northbrook, United States - SHERMAN RESIDENTIAL

SHERMAN RESIDENTIAL

Verified Company

Northbrook, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Asset Management Analyst - Multifamily Portfolio
Sherman Residential is an innovative privately held real estate investment firm. Our focus is on quality multifamily apartments across the United States. Since 1990, we have acquired over 27,000 apartments with assets under management during that time of over $2.8 billion. Our focus is on providing superior living environments, exceptional customer service and outstanding investment returns. We purchase existing assets and focus on interior unit renovations, amenity improvements and evaluate rent repositioning opportunities.

We are currently searching to add to our corporate team to better support our diverse portfolio of communities and staff.

Job Summary:

Reports to:
Asset Management Manager

Wage Status:
Exempt - $67,000 to $73,000 annually + bonus

Primary Duties:

Maximize the total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance
Develop and execute annual operating budgets, cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
Collaborate across all departments (operations, asset management, accounting)
Develop and execute cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
Evaluating and underwriting potential new multifamily investment opportunities using an Excel

- based model.

The evaluation process may include, but is not limited to, the following activities:
reviewing P&L statements, rent rolls, and tax statements; researching and analyze demographic and economic market data

Ability to build and maintain positive vendor relations
Ability to assist and manage multiple projects concurrently and implement rapid changes in project direction
Oversight and execution of adherence to local government permitting and inspection requirements
Assist in the asset management of portfolio properties
Collaborate with onsite managers to boost resident retention
Build and maintain financial models, review leases, property financials and thirdparty reports
Supporting senior management in executing and closing on transactions
Monitor expenses and variances to maximize efficiencies
Prepare periodic property management reports for distribution to the Ownership, Vice Presidents, and Asset Management
Travel to real estate locations, client meetings, and internal meetings on an as needed basis
Attend various training and informational seminars to keep abreast of new policies and procedures
Take initiative in identifying problems and providing suggested solutions
Review and compile market data to ensure fair market value of properties
Utility Billing and collection analysis
Other general operational tasks to assist portfolio

Essential Job Functions

This position will be based out of the corporate office in Northbrook, IL (Hybdrid Schedule)
Commitment & enthusiasm towards achieving Sherman Residential goals and visions
Solution oriented, critical thinker with the ability to make thoughtful decisions
Solid relationshipbuilding skills and a propensity to work cooperatively and effectively with a diverse group of people
Strong oral and written communication skills
Passionate about real estate, finance, investing, and/or private equity
Strong time management skills and ability to multitask
Advanced skills with Microsoft Excel; Yardi experience a plus
The ability to travel 30% of the time
Comply with expectations as demonstrated in the Employee Handbook

Pay:
$67, $73,000.00 per year