- Provide strategic oversight for a portfolio of 50+ assets, with a primary focus on investments with upcoming loan maturities, potential dispositions, and assets with operating cash flow and/or cash reserve concerns.
- Implement value maximization strategies for targeted assets, driving profitability and ensuring investor returns.
- Develop and monitor key performance metrics (KPIs) to track asset and portfolio performance, identifying and resolving performance issues as they arise.
- Analyze market trends and identify opportunities to increase revenue and NOI (Net Operating Income).
- Prepare and monitor monthly cash flow projections.
- Lead the creation of annual budgets and capital expenditure plans aligned with the overall business plan and asset-specific strategies.
- Analyze and approve property-level budgets, ensuring accuracy, coherency and alignment with asset goals.
- Oversee the identification and assessment of capital expenditure needs, developing a long-term plan to optimize asset performance.
- Manage and collaborate with third-party consultants for complex capital improvement projects.
- Recommend property-level distribution strategies.
- Collaborate with acquisitions on new deals: analyze market data, underwriting assumptions (income, taxes, insurance, capital expenditures), and debt structure to ensure accuracy.
- Champion investor interests by actively participating in due diligence activities for potential acquisitions.
- Ensure loan compliance with all lender covenants and requirements.
- Review escrow amounts and oversee that draws are being completed in a timely manner.
- Oversee and manage the property insurance claims process to achieve the best possible outcomes for investors.
- Lead the property tax appeal process to minimize property tax burdens and maximize returns for investors.
- Develop and implement special strategies for asset sales and refinances, maximizing investor value.
- Implement strategies to drive retail leasing success. This includes ensuring broker engagement, identifying high-quality tenants, and leading the negotiation of optimal lease terms with the Investments Associate.
- Completes other tasks or projects as assigned by the CIO
- Minimum 10 years of experience in multifamily asset management, investments, or commercial lending, with a proven track record of success in maximizing portfolio performance.
- In-depth knowledge of multifamily real estate operations, financial analysis, and investment strategies.
- Strong analytical and problem-solving skills with the ability to identify and resolve complex operational challenges.
- Excellent communication and interpersonal skills, with the ability to build strong relationships with diverse stakeholders, including investors, property managers, servicers, and lenders.
- Highly proficient in Microsoft Excel.
- Thrives in a fast-paced, dynamic environment and manages complex schedules efficiently with minimal supervision.
- Provide a great place to work – you'll want to show up and give your best self every day, we promise
- Make sure you're covered – superior health, dental, and vision insurance and a 401(k) program/match that keeps you on track for your future
- Give you a break – paid time off for vacation, sick days, and holidays
- Reward you – bonus opportunities, and recognition for a job well done
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Vice President of Asset Management - Roseville, United States - Sequoia
Description
Overview
You are a seasoned leader with a strategic mindset ready to make a significant impact. Coit Financial Group is seeking a dynamic individual to spearhead our multifamily investments as the Vice President of Multifamily Asset Management. In this critical position, you will play a central role in driving operational excellence, maximizing property value, and ensuring investor satisfaction for a portfolio of approximately 50 multifamily assets.
For over five decades, Coit Financial Group has been a trusted partner for investors seeking superior returns in multifamily investments.
Join a dynamic team at the forefront of real estate investment and asset management. We offer a collaborative environment where your expertise will be valued, and your contributions recognized. With a commitment to excellence and innovation, Coit Financial Group provides unparalleled opportunities for professional growth and development.
What you'll do in this position:
Portfolio Performance Optimization:
Budgeting and Capital Planning:
Investor Advocacy:
Retail Asset Management:
Qualifications
Must Haves:
This position requires in-person attendance at our Roseville, CA office. Must be available five days per week (Monday-Friday) during regular business hours. Potential for hybrid with three in-office days.
Compensation
The compensation range for this role is $225,000 - $300,000 / year based on the current market and level of experience.
Benefits
What we'll do for you:
Sequoia Equities is an Equal Employment Opportunity employer and promotes a drug free workplace.
Vice President of Asset Management professionals in Roseville
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Manas Mondal
Principal Cloud Architect