David Wayne Associates

Conshohocken, PA

Asset Manager Multi Family

$100,000-$130,000 / YEAR

 Asset Manager – Multi Family Residential Property Management

DavidWayneAssociates is a specialized accounting/finance search firm. We have been engaged by a large, growing, Multi Family Residential Property Management organization in the Philadelphia area to identify an Asset Manager. The Asset Manager functions as the primary financial resource for the assigned property portfolio. To provide support and guidance to the field to maximize the revenue potential of each property and identify new methods of creating long-term additional value in the asset.


· 3 to 5 years of experience in real estate, investment banking, private equity or related experience.

· A bachelor's degree in business or finance

· Advanced Excel skills with a strong background in financial modeling and valuation analysis

· Attention to detail with strong organizational skills

· Eagerness and ability to learn in a fast-paced environment

This position provides for a competitive compensation package commensurate with experience. The position will be entitled to a full range of benefits including apartment discounts, health insurance, vacation, short term disability, long term disability, life insurance, 401(k), educational assistance and employee assistance program.

Job Requirements

 Asset Manager – Multi Family Residential Property Management


·         Oversee the Investment Strategy and Business Plan for each asset.

·         Assist in the creation of Property Improvement Plans (“PIP”) including gathering of market and benchmarking data, review of property performance, and measuring each asset against its peers, budgets and goals. Identify Action Plans and Follow-Up Items.

·         Reviews monthly operating statements and identifies watch list properties. Collaborates with the SVP Asset Management and operations team to prioritize issues and develop action plans to address challenges.

·         Site Visits to monitor the physical condition as well as its competitive position within the submarket.

·         Evaluates ways to reduce controllable operating expenses for portfolio by reviewing historical costs and potential savings or efficiencies.

·         Maintain a basic understanding of the sub-market, competitive properties in the market, product supply as well as any other market forces.

·         Participates in the capital budget process by analyzing potential returns on in-unit renovations and new amenities. Reviews occupancy and market rent data for properties that have successfully completed similar renovations.

·         Participates in pricing calls with the pricing manager, regional manager, and property manager.

·         Communicate effectively with JV Partners and Ownership and act as bridge between the Operations, Facilities, and the Joint Venture Partners.

·         Hosts monthly calls with partners to recap financial results and address any questions or concerns.

·         Position may require up to 35% travel.


Supervisory Responsibilities:                                                   


This position oversees the Asset Management Associate (who may be shared among other Asset Managers).