At Howard Hughes, our mission is to help people discover new ways of experiencing life. We aspire to be the most creatively driven real estate company and are committed to a culture that fosters curiosity and empowers every employee to find their story in this great organization.
ABOUT THE ROLE
The Multifamily Asset Manager is responsible for overall operational performance and the financial metrics of an assigned portfolio of properties. The position is providing analytical oversight and implementation of strategies and initiatives across the portfolio. The position also requires evaluating market/submarket data and is responsible for evaluating property performance, and developing, communicating, and executing property-level investment plans and strategies.
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What You Will Do
- Develop and execute strategic business plans for each multifamily asset to drive performance measured through profitability and returns, reputation, and resident satisfaction.
- As part of the asset strategy, identify opportunities for value creation through operational efficiencies, capital improvements, or other best practice ideas.
- Oversee and provide leadership to third-party property managers and partners to ensure operational excellence and financial performance. Provide guidance on best practices, systems, and processes to drive high resident, landlord, client, and staff retention. Ensure on-site teams provide best in class customer service and experience.
- Ongoing review of financials and operating reports to monitor performance. Ability to provide scenario and analysis to guide strategic decisions and evaluate performance.
- Collect, understand, and analyze market data and identify risks, trends, and opportunities for value creation. Review industry standards, surveys, benchmarks, and economic trends.
- Participate in the preparation, review and communication of the annual budget and quarterly forecasting process and variance review.
- Oversee and monitor capital projects. Review expenses to ensure they are within budget and properly approved.
- Ensure compliance with all deadlines and required reports.
- Participate in the acquisition, due diligence, capital improvement, and underwriting processes.
- Partner and coordinate closely with internal teams across development, marketing, accounting, and capital markets.
ABOUT YOU
Each employee brings a unique blend of expertise and experience to their role, with the opportunity to continuously grow and make a meaningful impact. To thrive in this position, employees need the following background.
Skills & Experience
- Bachelor's degree in Real Estate, Business, Finance, or related field.
- 3-5 years of relevant commercial industry experience required
- Subject matter expertise in real estate investments, real estate financial modeling; cash flow valuation and underwriting a plus
- Excellent analytical, financial, and quantitative skills, with highest level of attention to detail
- Demonstrated interpretive knowledge of property level financial statements and financial analysis including ROI analysis, market share assumptions, and forecasting
- Superior oral/written communication skills, demonstrates confidence and enthusiasm
- Proficiency in Microsoft Excel is a plus
ABOUT OUR CULTURE
We believe in celebrating unique ideas and embracing different points of view. We strive to source, engage, and retain diverse and talented people. We invest in our people through continuous learning opportunities and nurture the exchange of ideas. We cultivate a culture of belonging because better people make better companies, and better companies build better communities.
Personal Characteristics
- Strong communicator and collaborator.
- Creative thinker and data-driven executor.
- Self-starter with a proactive mindset.
- Flexible, highly organized, and detail-oriented.
- Builds networks
- Courage
- Curiosity
- Growth mindset
- Inclusive
- Business insight
- Communicates effectively
- Resourcefulness
ABOUT OUR COMPANY
The Howard Hughes name is synonymous with an unrelenting passion for excellence. While his achievements in aviation and on the silver screen are legendary, it was his investments in real estate that form the foundation of our company. With passion, determination, and limitless imagination, he built one of the great American empires of the 20th century.
Benefits Built for You
At our company, we offer competitive, market-based compensation that rewards performance and supports career growth.
Our comprehensive benefits package designed to support employees at every stage of their career, is focused on holistic wellness - social, emotional, financial, and physical.
- Competitive 401k plan
- Generous PTO policy
- Premium medical, dental, and vision coverage
- Voluntary benefits for unexpected life events
- Student loan assistance and stipends to assist with lifelong learning
Howard Hughes
Today, our company carries forward the collective legacy of four innovative placemakers-James Rouse, George Mitchell, Victoria Ward, and Howard Hughes-who transformed the idea of what a community can be, envisioning a self-sustaining ecosystem that prizes inclusion, conservation, and innovation and fosters a strong social fabric to improve the lives of all residents, consumers, and tenants.
Dedicated to innovative placemaking, Howard Hughes owns, manages, and develops award-winning large-scale master planned communities and mixed-use developments including: the Seaport in New York City; Downtown Columbia® in Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Teravalis™ in the Phoenix West Valley; and Ward Village® in Honolulu, Hawai'i.
This job description is not meant to be an "all-inclusive" list of the duties and responsibilities of this job. Other related duties and responsibilities may be assigned. Howard Hughes reserves the right to change or modify job duties as necessary based on business necessity.
NOTICE TO THIRD PARTY AGENCIES
Please note that Howard Hughes does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed Recruitment Fee Agreement, HHH will not consider or agree to payment of any referral compensation or recruiter fee. In the event a recruiter or agency submits a resume or candidate without a previously signed agreement, HHH explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Howard Hughes.