Preservation Asset Manager

Job Description Summary In a role with significant autonomy, this position leverages specialized knowledge and skills gained through experience, training, or certification to manage a portfolio of multifamily assets. As Asset Manager for the Investor Limited partner, the primary goal is to work with the general partner to optimize performance and investment objectives, including monitoring property management operations. With a strategic focus on driving profitability and property operations, the role ensures the longterm sustainability of portfolio assets. When complex issues arise, this position works with the general partner and the managing agent to devises and implements solutions that provide best possible outcomes for the investor. The ability to work independently on broad tasks is essential, requiring originality and accountability in decision making. This role also involves leading specific projects or workstreams of moderate scope and complexity, requiring the identification, research, and resolution of intricate problems.

Job Description

Essential Duties and Responsibilities:

• Manages assigned investment properties, ensuring optimal performance and alignment with portfolio objectives, with a focus on profitability.
• Conducts site visits to assess the physical state and operational practices of properties.
• Gathers, analyzes, and produces reports and documents as required.
• Formulates and executes strategies to address delays in report delivery.
• Identifies partnerships for Watchlist designation and devises strategies to mitigate risks and resolve issues.
• Maintains relationships with stakeholders.
• Reviews and monitors quarterly operational reports using predefined metrics.
• Investigates market trends and industry shifts.
• Demonstrates market and investment acumen during interactions with partners and investors.
• Engages in independent problem-solving.
• Evaluates and underwrites proposed deal changes, providing analysis and recommendations to the investment committee and investors.
• Maintains up-to-date property activity records within the portfolio management system.
• Completes internal and external reports with precision and accuracy, ensuring timely delivery.
• Conducts research and crafts responses to investor inquiries.
• Participates in and leads team initiatives.
• Adapts to evolving organizational needs by undertaking additional duties and responsibilities as required.

Knowledge, Skills, and Abilities:

Knowledge of:

• The company's operational framework, policies, mission, and strategic approaches, ensuring alignment with organizational objectives.
• Concepts, principles, and practices in multi-family real estate operations, including property inspections, leasing, management, maintenance, and regulatory compliance.
• Knowledge of real estate finance.
• Execution of financial analyses and investment strategies.
• Familiar with institutional investment strategies and partnership structures
• Facilitating effective collaboration and financial growth .
• Accounting principles, accurate financial reporting, and budget management.

Skilled in:

• Multifamily revenue management
• Analytical abilities paired with financial acumen, enabling data interpretation and fiscal strategy development.
• Understanding and utilization of Asset Management organization and portfolio management systems.
• Time-management skills, prioritizing, and orchestrating tasks .
• Critical thinking skills to evaluate scenarios, devise solutions, and influence outcomes.
• Organizational and communication skills in both written and verbal forms.
• Navigating and interpreting legal documents, employing document management technology, and financial modeling techniques.
• Questioning and active listening skills .
• Implement a structured follow-up system to ensure resolution and timely completion of tasks.
• Operate office equipment and master software applications to produce correspondence, reports, electronic communications, and spreadsheets.

Ability to:

• Promote team unity .
• Communicate intricate issues to a diverse audience .
• Interpret and apply organizational policies while seeking opportunities to recommend and facilitate beneficial changes.
• Organize, manage, and track detailed tasks and assignments amidst shifting priorities.
• Demonstrate readiness to act and take initiative .
• Navigate work independently with self-direction, while also engaging collaboratively within a team to achieve common goals.
• Identify essential tasks, develop timelines, and execute strategies with efficiency and mindfulness.
• Build and maintain working relationships at all organizational levels.
• Project a positive and professional demeanor.
• Articulate information clearly and persuasively through both formal and informal documentation.
• Utilize analytical skills to identify relationships, draw logical conclusions, and interpret results.

Educational/Previous Experience Requirements:

• Bachelor's Degree (B.A.) in related field and a minimum of seven (7) years of relevant real estate experience including physical property site inspections and interpreting financial statements.
• or
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Hours: Normal business hours. Some additional hours may be required.

Travel Required: Up to 40%. Must have a valid drivers' license and be eligible for coverage under the firm's Vehicle Fleet Safety Policy to drive on company business.

Education

Bachelor’s (Required)

Work Experience

General Experience – 10 to 15 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

Travel

Up to 50%

Workstyle

Resident

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.


We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.