Asset Manager

We are a large regional property management firm looking for a new team member! MG Properties has a great opportunity for an Asset Manager to join our team.

The Asset Manager will report to the Vice President of Asset Management and perform financial analysis and tracking of operational performance of our portfolio and participate in the evaluation and due diligence process for new acquisitions. You will also participate in operations budget preparation and performance reporting while maintaining oversight of property performance against pro-forma and general business plans.

Duties & ResponsibilitiesParticipate in the annual property budgeting process and review. Work with VP of Asset Management, SVP of Property Management, and Regional Property Managers to ensure the timely completion of comprehensive operating budgets.Participate in the business plan preparation, due diligence, financial analysis, creation of stabilization budgets, and cash flow forecasts of potential acquisitions.Track portfolio operating results on a weekly, monthly, and quarterly basis to identify trends and opportunities. Participate in the investment reporting process.Create models and analyses to aid in the company’s strategic decision-making process.Work with VP of Asset Management and SVP of Construction in ensuring that planned capital projects are executed on schedule and within budget.Work with VP of Asset Management on ancillary income programs/policies to maximize the collection of “other income” throughout the portfolio. (RUBS, renter’s insurance, fee structures, etc.)Track and evaluate results of Revenue Management system (YieldStar), working with Pricing Analyst to ensure positive results throughout the portfolio. Learn and understand the pricing methodology to be able to evaluate and report on results.Track market conditions and performance in relation to current portfolio performance.General oversight of third-party service providers.Compilation and distribution of executive reports. Analysis of same.Participate in the evolution of technology throughout the organization.Provide project specific oversight to specified properties and/or projects within the portfolio as assigned.

QualificationsMinimum 5 years of direct experience in the asset management of multifamily properties.Bachelor's degree or advanced degree.Demonstrated experience in the multi-family housing industry including an understanding of the dynamics of rental pricing.Financial analysis and/or accounting experience.Demonstrated ability to analyze quantitative information.Ability to create and work within existing sophisticated Excel-based reports/spreadsheets.Proficiency in Yardi property management software and YieldStar.

Additional Skills, Abilities, and Characteristics Required:Must be highly organized, numbers oriented and analytical.Must possess a strong work ethic and attention to detail.Excellent verbal and written communication skills and the ability to effectively communicate with all levels of staff.Some travel required including overnight stays outside of San Diego County.

BenefitsCompany profit sharingAccrues 10 days paid time off per year10 Paid Holidays and 2 personal days per year401K with employer matchMedical, Dental, Vision, Employee Assistance ProgramLife InsuranceFlexible Spending Account, Dependent Care Spending AccountRental Discounts