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Residential Asset Manager

Job Title:             Asset Manager  

The Onni Group is a leading real estate firm based in Vancouver, British Columbia, Canada with offices in Seattle, Phoenix, Toronto, Los Angeles and Chicago. This diverse company is vertically integrated with in-house departments responsible for execution of the company’s activities including property development, construction and management as well as leasing, sales and marketing.

There is an exciting opportunity for a talented professional to join the Property Management team in Phoenix as a Residential Asset Manager, overseeing a wide range of assets. The ideal candidate will provide leadership and mentorship, driving the success of the Regionals and their operational teams. They possess a high level of interpersonal, analytical and communication skills (verbal and written). Proactive thinking with detail-oriented and creative problem-solving approach, with the ability to step back and understand the “big” picture. Onni’s continuous evolving portfolio leaves lots of room for opportunity and advancement.

Basic Responsibilities:

Maximize the value of assets through oversight, streamlining processes and analysis of property efficiencies while identifying opportunities for improved performance. This includes, but not limited to:

  • Review and provide input for the annual property budgets, one and five-year business plans for each property including CAPEX budgeting/forecasting
  • Work closely with property managers to provide direction for and oversight of business plans, budgets, forecasts, analysis, and approvals
  • Work collaboratively with regionals, property managers, legal counsel, auditors and accountants and project managers.
  • Communicate and follow-up on expectations with other cross-functional teams, including acquisition, property management, construction management, risk management, accounting in the execution of strategic business plans for the assets.
  • Act as liaison between property management and ownership
  • Oversee the renovation flow with regular communication from Construction Manager.
  • Prepare and distribute periodic asset management reports to the Executive staff and Directors.
  • Oversee the annual budget process which includes a detailed review of all budgets, comparisons of budget projections to historical performance and comparison of budget projections to industry benchmarks.
  • Conducts regular asset reviews and performs detailed review of monthly financial reports working directly with property management. Includes monthly review of financials, occupancy and renovation schedules.
  • Conduct routine meetings, site visits, and/or conference calls with property management to discuss asset-level strategies and operational issues.
  • Proactive development of market knowledge and data to assure management and asset accountability.
  • Identifying opportunities to increase income while reducing expenses.
  • Evaluate the life cycle of capital assets and recommend repair/replacement strategies
  • Coordinate portfolio insurance expenses and all claim management.

Summary of Qualifications & Requirements:

  • Bachelor’s Degree: Business, finance or accounting preferred.
  • Prefer experience in Multi Family real estate - asset management, property management.
  • Value add multifamily experience preferred.
  • Must be extremely advanced Excel, Word and Outlook experience.
  • Experience with Yardi is beneficial but not required.
  • Spreadsheet development and analytical proficiency required.

 

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