Director - Asset Management

March 7

🗽 New York – Remote

Although this job is listed in New York, this company may be open to hiring remote in other states.

🔔 Pennsylvania – Remote

Although this job is listed in Pennsylvania, this company may be open to hiring remote in other states.

💵 $130k - $150k / year

⏰ Full Time

🔴 Lead

👔 Director

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Konover Residential Corporation

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Konover Residential Corporation is a fully integrated real estate organization that specializes in managing a diverse portfolio of market rate, affordable, and supportive residential communities. A part of the Simon Konover Company, Konover Residential focuses on providing property management and acquisition services, aiming to deliver exceptional service with a commitment to excellence and integrity in the residential real estate market.

Real Estate • Property Management

201 - 500 employees

Founded 1957

🏠 Real Estate

👥 B2C

📋 Description

• Conduct comprehensive asset performance analysis to inform strategic decisions to senior management • Provide leadership and direction to the asset management team, fostering an environment of continuous improvement and professional development • Monitor key market trends and legislative changes to capitalize on opportunities and ensure strategic direction of the portfolio • Prepare detailed reports and presentations for executive management on asset performance, new opportunities, and asset utilization strategies • Manage cash flow models and workout strategies for underperforming assets or “watchlist” properties • Oversee team to drive budget process, ensuring timely completion and accurate forecasting utilizing analytics • Key knowledge of operating agreements and management entities to properly understand ownership structures as to be maximize cash flow for investors • Assist property management staff in decisions that affect the asset’s long-term performance and to understand its relationship to established goals and budgets • Work with property management staff to ensure that the potential of the property’s value and benefit to Conifer is maximized • Coordinate and oversee monthly/quarterly financial review of portfolio with asset management team • Visit assigned sites and participate in site audits, as requested • Work with Property Finance in evaluation of possible refinancing, disposition or change of use of assigned properties • Foster relationship with lenders and investors to best communicate Conifer’s initiatives and investment plans • Participate in periodic review meetings for projects transitioning from Development to Operations • Assist with due diligence on potential acquisition opportunities • Conduct financial analysis, modeling, and portfolio stress testing, as needed • Other special projects and job-related duties, as assigned

🎯 Requirements

• Prior experience in Multi-family Real Estate preferred • Affordable housing experience preferred • Minimum 6-10 years of relevant Asset Management experience with demonstrated institutional analytical and quantitative skills • Minimum 3+ years managing a team in a demonstrated leadership capacity preferred • Yardi Voyager or equivalent housing software preferred • Proficiency with MS Office (Word, Excel, Outlook, SharePoint) • Understanding of Business Intelligence (BI) platforms a plus • Adaptable; flexible to multi-task several projects at one time • Demonstrated strong analytical skills and financial modeling experience • Travel to specific Conifer sites and HQ required

🏖️ Benefits

• Ongoing training and development • 13 holidays • 15 days paid time off • 401K with company match • Medical • HSA • Dependent care Flex account • Dental • Vision • Company-paid life, short and long-term disability insurances • Wellness program