Investment Manager

OverviewThe Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives – ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day.The Investment Manager is responsible for meeting client objectives established. Development of portfolio campaign strategies, customized reporting, and project management functions are a core expectation of the Lead. Overall quality and performance of the Asset Management Team is also the responsibility of the director of Asset Management.Responsibilities Manage the performance of assets, including leasing strategies, expense management, and operational performance. Periodically collect information pertaining to real estate investments, the economy, real estate values, and other matters pertinent to the development of a strategy for the management of the assets. Monitor specific performance measures on a weekly and monthly basis to identify trends and opportunities (social media presence, occupancy, leasing velocity, etc.); analyze monthly operating statements against budgets. Provide regular updates to senior management. Prepare proforma financial models to analyze potential refinancing, hold/sell decisions, and existing debt covenants. Assist with information dissemination and analysis for refinancing’s, recapitalizations, and dispositions. Participate in the development of financial budgets, operating goals and strategic objectives; recommend, implement, and administer procedures to enhance operations and improve NOI. Evaluate relative performance of portfolio and identify areas of improvement; communicate recommendations to local property managers and monitor implementation of performance measures. Work within the Asset Management department to foster a culture of best practices and teamwork. Work with the Acquisitions, Development and Construction Management departments to review proforma assumptions and business plan, and assist as necessary to ensure smooth and frequent communication on projects. Monitor all financial reporting requirements and provide necessary information to lenders, insurance providers and other stakeholders. Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues in order to improve operations. Review and analyze market data to determine emerging trends that may impact property performance. Work in conjunction with internal partners to develop and implement action plans to drive occupancy and growth. Complete regular site visits to each property to engage with the site teams, complete quarterly audits, recommend maintenance and capital improvements, tour the market, and develop relationships with the universities and communities we serve. Perform miscellaneous additional duties as assigned.QualificationsRequired Experience: 8+ years work experience in operations and multi-family real estate asset managementRequired Education/Training: BA/BS degree in Business Finance, Statistics and/or Real Estate Finance.Required Skills and Abilities: Experience in high‐performing organizations. Aptitude for financial underwriting and analysis. An eye for continuous improvement and detail. Ability to work with others in team‐oriented environments. Superb project management skills, both individually and as part of a team. Strong interpersonal and leadership qualities. Excellent written and oral communication skills. High‐level attention to detail and an understanding of its application to the bigger picture. Demonstrated interest in real estate development and investment.Salary Range InformationThe range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.Rewards & BenefitsWe know Michaels’ promise of lifting lives starts with our teammates, so making sure every single teammate is happy, healthy, and set up for a successful future is important to us. As part of our team, you will enjoy a competitive wage, a comprehensive benefit package which includes Medical, Dental, Vision, prescription, etc., generous paid time off, a 401 (k) plan with a company match, and so much more: Help make the world a better place in a team-oriented environment. Grow with our organization through various professional development opportunities. Collaborate and thrive in a company culture where all are welcomeMichaels teammates make a difference in the lives of residents, colleagues, and the communities where we live and work every day.Come join our team. You’re going to love it here!Salary RangeNANeed help finding the right job?We can recommend jobs specifically for you!Job LocationsUS-NJ-CamdenID2023-6351CategoryAsset ManagementLocationMichaels Asset Mgmt-NJScheduleFull-TimeTypeRegular