Asset Manager job – BH Management Services Inc. – Des Moines, IA

Asset Manager

BH Management Services Inc.

Des Moines, IA

ASSET MANAGER

The role of the Asset Manager is to coordinate and manage
the execution of each asset’s business plan and will be responsible for all aspects of the asset’s life cycle post-acquisition.
This position will be responsible for c
ontinually evaluating property and renovation performance to maximize returns to the investor without detriment to the property. This positions requires familiarity with a variety of the field’s concepts, practices, and procedures. Relies on extensive experience and judgement to plan and accomplish goals. A wide degree of creativity and latitude is expected.

About BH Management:

BH Management’s roots date back to 1993 when Harry Bookey formed the company with a roster of just five apartment communities. Today, our founder continues to lead the firm, serving as inspiration for its 1,600-plus employees. BH Management currently has over 220 communities spread over multiple states and is continuously growing. This ranks BH Management Services 11th out of the 50 largest management companies in the United States. What may be less obvious, however, is how we got here. Our guiding principles are simple and direct. First, invest in employees—they are the front line of our team and the foundation of our success. Second, go above and beyond to satisfy customers.

Essential Job Functions:

  • Exhibits strong commitment to the service needs of the internal/external customer.
  • Represents the company in a professional and courteous manner.
  • Establish and maintain strong, positive working relationships with internal departments and third-party partners, owners and investors.
  • This job description does not provide an all-encompassing list of duties, there may be a need to perform other duties as assigned.

Prior to Close (Underwriting Stage):

  • Reviews underwriting model assumptions and raise questions where necessary.
  • Assists in preparation of the Investment Summary.
  • Participates in all Pipeline and Investment Committee discussions for assigned Partners.
  • Reviews business terms of Loan Documents, Operating Agreements, Organizational Chart, and Property Management Agreements to ensure compliance with transaction approval and fundamental business plan.
  • Reviews and analyzes reports to ensure the property construction budget is sufficient.
  • Reviews closing statements to confirm equity contributions, reserve and escrow amounts, rent ready credits, etc.
  • Reviews initial budget to ensure compliance with transaction approval.
  • Ensures that any amendments to Investment Committee approvals are prepared by Acquisitions and approved for the file.

Post-Closing:

  • Provides timely reporting to all internal and external stakeholders on reserves, escrows and the overall status of the general business plan.
  • Ensures the Opening Balance Sheet for each property is accurate along with correct amenity pricing and premiums.
  • Performs a weekly property review to analyze and identify areas for improvement.
  • Performs a monthly review of property financial statements and addresses variances as needed.
  • Reviews effective rents and trends to ensure pricing is adequate and competitive.
  • Reviews the construction completion and progress to determine if ROIs are sufficient.
  • Review construction reports and status to ensure timely completion of the renovations according to plan as well as submission and payment of renovation draws.

Dispositions:

  • Assists as needed with questions and gathering data.
  • Ensures final renovation draws are processed, closing statements are reviewed and sales closings are communicated timely to Ownership.
  • Calculates and confirms receipt of closing distributions.
  • Works with the Accounting department to ensure all post-sale activities are finalized and accurately recorded.

Job Qualifications:

  • Bachelor’s degree in Accounting, Finance, Real Estate, Economics or Mathematics preferred
  • 3-5 years’ relevant experience in multi-family asset management preferred (MBA may be substituted for experience)
  • Acquisitions knowledge/experience is highly desirable
  • Strong analytical and quantitative skills
  • Ability to prepare financial feasibility analyses, conduct research, and prepare narrative reports and proposals
  • Able to read, analyze, and interpret complex business documents including leases, financial reports, and contracts
  • Experience in developing business and strategic plans
  • Strong knowledge of generally accepted accounting principles
  • Excellent working knowledge of technology; multi-family software, MS Office suite
  • Positive attitude, strong interpersonal and communications skills
  • Highly-organized, detail-oriented, motivated, and able to multi-task effectively in a deadline driven environment while maintaining strict attention to detail
  • Ability to travel up to 25%
  • A valid driver’s license may be required
  • Ability to handle multiple projects and thrive in a fast-paced environment
  • Ability to work with a diverse group of people and customers

Physical Requirements/Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Temperature/Climate:
This position will work primarily in an indoor office environment.

Safety Considerations:
This position will operate office type equipment.

Physical/Mental/Organizational Capabilities:
The individual must possess the ability to walk, stand, sit, bend, balance, and lift, push/pull, carry, and/or move up to 30 pounds occasionally. While performing the duties of this job, the employee may be required to reach with hands and arms; stand; walk; and use hands and fingers to handle, feel or operate objects, technological equipment, or controls.

Visual/Hearing Capabilities:
The visual ability necessary to read and interpret a computer screen is required. Visual acuity requirements include color, depth perception, and field vision
.
The worker is required to have visual acuity to operate office equipment. The hearing ability necessary to communicate with others is required.

The individual must be able to communicate effectively, both written and verbally, with employees and customers on all levels of the organization.

Work Schedule:
8am-5pm, Monday-Friday, or as needed to meet business needs.

Benefits:

At BH our employees and their well-being are important to us. This is why we offer a comprehensive and valued benefits package to fit the individual needs of each employee and their family. Some of the benefits we offer include:

Your Health Plans :

  • Medical
  • Dental
  • Vision
  • Life
  • Disability
  • Flexible Spending Accounts

Your Money Management:

  • 401(K) Retirement Savings Plan with Company match
  • Direct Deposit

Your Work Life Balance:

  • Paid Time Off
  • Paid Holiday

Your Career:

  • Competitive compensation and earnings potential
  • Employee Referral Bonus
  • Training/mentoring programs
  • Internal opportunities for career advancements
  • Educational Reimbursement

Equal Opportunity Employer. Drug Free workplace. Employment offers are contingent upon successful completion of a background check and drug screen.

About secureteam

secureteam
A Computer Programmer whose articles got mentions from the likes of The New York Times, Kissmetrics and AllTopStories. He writes articles, novels and poems; spends most of his time reading everything he could get his hands on. He is currently pursuing his Masters from The University of Illinois and holds a Bachelors in Electronics Engineering from the University of California. He is a programmer, a motivational writer and speaker.

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