Asset Manager
Classification: Full-time, Exempt
Compensation: $90,000 - 110,000 per year depending on experience
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
Company Background: Redstone Residential is a national student and conventional housing operator, headquartered in Provo, Utah. Managing more than 35,000 leases and operating in 18 states, Redstone is the 5th largest 3rd party management company in the U.S.! We were also listed as one of the Top Workplaces in Utah in 2021, 2022, and 2023!
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
Position Summary: The Asset Manager will be responsible for maximizing the value of Redstone-owned assets. This individual will develop and execute an asset management strategy including due diligence efforts, investment market assessments, and property underwriting assumptions. This position will be responsible for the success of the Redstone-owned property portfolios and will oversee all property-level business plans.
Responsibilities (Including but not limited to):
- Review and execute property-level business plans
- Coordinate with property management on annual budgets, marketing strategy, and operations
- Oversee property support functions including insurance, reserves, real estate taxes, etc.
- Manage assigned assets from inception through exit to maximize return to the investors. Review the performance of watch list assets.
- Direct brokers activities including negotiating leases, dispositions, and refinances
- Prepare weekly, monthly, and quarterly reports. Prepare ad hoc owners and internal review reports.
- Assist in the establishment and execution of annual goals and objectives
- 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
- Develop and implement policies/procedures and best practices
- Light to moderate travel
- Other duties and projects that may be assigned
Qualifications:
- Bachelor's degree in Business, Economics, Finance, Real Estate, or a related field.
- 5+ years of accounting experience is required.
- 5+ 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
Job Type: Full-time
Pay: $90,000.00 - $110,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Referral program
- Retirement plan
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Application Question(s):
- Are you able to commute or relocate to Provo, UT for this position?
Experience:
- Finance: 5 years (Preferred)
- Accounting: 5 years (Preferred)
- Property management: 3 years (Preferred)
Work Location: In person