Vice President of Asset Management - #178973
Redstone Residential
Date: 1 week ago
City: Provo, UT
Salary:
$120,000
-
$180,000
per year
Contract type: Full time
Job Details
Description
VP of Asset Management
Classification: Full-Time
Compensation: $120,000 - $180,000 Per year depending on experience, eligible for benefits
Benefits
Redstone's purpose is "to empower our people and elevate communities." We achieve our purpose by embodying our core values:
Responsibilities (Including But Not Limited To)
Description
VP of Asset Management
Classification: Full-Time
Compensation: $120,000 - $180,000 Per year depending on experience, eligible for benefits
Benefits
- Health, Vision, and Dental Insurance
- 15 days of PTO and 10 paid holidays
- Paid parental leave
- 401K Plan with up to 6% matching
- Continued Education Program
- Employee Assistance Program
- Short-term Disability Insurance
Redstone's purpose is "to empower our people and elevate communities." We achieve our purpose by embodying our core values:
- We Are Believers
- We Communicate Authentically with Care
- We Stay The Course
- We Drive Performance
Responsibilities (Including But Not Limited To)
- Assume responsibility for and drive on-time, on-budget, and market-leading investment results, balancing financial and reputational returns.
- Lead annual budgeting process, including operating and capital budgets.
- Monitor portfolio performance, including net operating income, cash flow, and asset value fluctuations, while achieving asset value maximization strategies.
- Collaborate with portfolio strategy team to set and execute strategy for existing assets; establish operating performance objectives and actions to achieve targets.
- Oversee property support functions including insurance, reserves, real estate taxes, etc.
- Direct broker's activities including negotiating leases, dispositions, and refinances.
- Prepare regular and ad hoc reports for internal and external stakeholders.
- Develop recommendations regarding the timing of dispositions to maximize value and then execution of the disposition strategy in conjunction with the investments and property operations teams.
- Coordinate value-creation projects and capital improvements.
- Support accounting and finance including refinances, lender information requests, and general accounting.
- Develop property analytics, support reporting, and assist with special projects.
- Light to moderate travel.
- Bachelor's degree in Business, Economics, Finance, Real Estate, or a related field.
- 6+ years of accounting experience is required.
- 6+ years of financial analysis is required.
- 5+ years of leadership experience is required.
- 2+ years of experience in the real estate industry is preferred. Specifically in asset or property management with significant exposure to multifamily or student housing asset types.
- Expertise in property management/leasing/operations/investor relations.
- Knowledge of MS Word and Excel, and G-Suite products, Entrata a plus
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