Director of Asset Management – Multifamily Portfolio

Position Overview

A respected real estate investment management company in Lakeland, Florida, is recruiting a Director of Asset Management to supervise a multifamily property portfolio throughout fast-developing Southeastern markets. The role encompasses enhancing property performance, implementing strategic business plans, overseeing third-party property management relationships, and optimizing asset value during the investment cycle.

Key Responsibilities

• Drive execution of asset-specific business plans aimed at increasing Net Operating Income (NOI) and maximizing investment profitability.
• Oversee and critically assess third-party property management firms managing leasing, operations, budgeting, marketing, and cost-management strategies.
• Analyze asset performance, market dynamics, and competitors to uncover opportunities for value enhancement.
• Authorize annual operating budgets, review monthly financial statements, and validate forecasting assumptions.
• Prepare and present quarterly asset performance reviews, valuation data, and materials related to fund reporting.
• Collaborate with acquisitions, finance teams, and senior leadership to guide asset strategies, capital improvements, and timing of disposals.
• Provide performance updates to executive management and investment stakeholders regularly.
• Conduct frequent travel to review portfolio properties firsthand.

Qualifications and Skills

• Bachelor’s degree is mandatory.
• Minimum 5 years of pertinent real estate asset management background.
• Demonstrated direct experience managing multifamily residential assets is highly desirable.
• Experience managing multiple real estate assets concurrently.
• Strong competence in financial analysis, budgeting, forecasting, and property valuation.
• Advanced proficiency in Excel along with general Microsoft Office skills.
• Experience in property management roles is considered an advantage.
• Exceptional communication capabilities to effectively collaborate with third-party operators and internal teams.

Additional Information

This opportunity offers an annual base salary between $175,000 and $185,000, complemented by performance bonuses. The position is based onsite in Lakeland, FL, with regular travel to properties expected. Interested candidates are encouraged to contact the company representative directly via email.