Senior Associate, Asset Management

BASIC PURPOSE

The Senior Associate will be responsible for the oversight, performance, and management of investments in a portfolio of multifamily assets located in multiple markets throughout Texas. The position will ultimately be accountable for creating and executing property business plans that maximize investment returns. This will include budget reviews and approvals, performance reporting, oversight of major capital renovations, evaluation of rent pricing strategies, and participation in acquisitions, dispositions, and property financings. This position will work collaboratively in a team environment with third parties and all facets of the Company including members of the Portfolio Management, Accounting, Property Management, Acquisitions, Capital Markets, Financing, Valuation, Research and Legal teams.

ESSENTIAL FUNCTIONS

• Prepare and oversee the execution of Property Business Plans to optimize investment performance.
• Participate in property-level decisions with the Portfolio Managers based on careful analysis and team input, including hold/sell, rent pricing, property budgets, and capital expenditures.
• Manage property dispositions and refinancing opportunities alongside Berkshire team members and third-party legal counsel.
• Work with acquisitions team to evaluate and onboard new investments from due diligence and underwriting through closing.
• Perform asset level valuation reviews including property performance and capital deployment effectiveness.
• Develop excellent working relationships with all team members including property managers, project managers, and third parties.
• Communicate investment status and plan to senior management and investors.
• Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations.
• Stay informed on market information and trends for each market covered.

JOB QUALIFICATION REQUIREMENTS

Knowledge and Experience

• 2+ years real estate investment / asset management experience, multifamily required.
• Strong analytical skills and experience with financial modeling using Excel or Excel based tools.
• Solid understanding of accounting, real estate finance, and key investment metrics.
• Experience in successfully implementing and overseeing value-add capital projects to achieve significant ROI on multifamily assets.
• Excellent written and verbal communication skills. Ability to clearly present investment status and plan to senior management and investors.
• Ability to produce excellent quality work that is thorough and accurate on a timely basis.
• Works independently and with others; has complete ownership of work and projects.
• Demonstrated flexibility to handle multiple projects in a fast-paced environment.
• Team player who will work well with and seek input from members of other functional areas.

Technical/Educational Requirements

• An MBA, Masters, or Bachelor’s degree in relevant area is preferred.
• Strong computer skills; experience with Excel, Word, and Powerpoint. Experience with Yardi a plus.

Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)

• Stand and walk or sit alternatively depending on specific needs of the day.
• Have occasional need to perform the following physical activities:
  Bend/Stoop/Squat: Rare need
  Climb Stairs: Rare need
  Push or Pull Reach Above Shoulder: Rare need
• Constant need to perform the following physical activities:
  Writing/Typing: Frequent need
  Finger Dexterity: Frequent need
  Grasping/Turning: Frequent need
• Lifting/Carrying (paperwork, deliveries, files, computers, miscellaneous):
  20 lbs. - 25lbs.: Rare need
  Less than 20 lbs.: Rare need
  Under 10 lbs.: Constant need

Vision Requirements: (Visual needs for the position – color, small details, inspections etc.)

• Constant need to complete forms, read and review reports and a wide variety of correspondence, view computer screen. Frequent need to see small detail.

Hearing Requirements: (Hearing needs for the position –telephone, meetings, etc.)

• Constant need to communicate over telephone and in person with corporate level employees.

Speaking Requirements: (Clarity, customer interaction, presentations, etc.)

• Constant need to communicate over telephone and in person.
• Must be comfortable speaking to senior management.

Travel Requirements: (Travel needs for the position – from property to property, travel, etc.)

• 25-30% travel may be required.

Reasoning Development: (Low, Medium, High – for ability to apply logical thinking to defined problem solving)

• HIGH. Must be able to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate appropriate course of action. Must effectively convey ideas, images and goals to a diverse group of personalities.

Working Environment: (Indoors, Outdoors, special things to know about job)

• Indoors, office environment.

Berkshire is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, ancestry, national origin, religion or religious creed, mental or physical disability, genetic information, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, gender expression, age, marital status, military or veteran status, citizenship, or other characteristics protected by state or federal law or local ordinance We strive to create a workplace where everyone feels empowered to bring their full, authentic selves to work every day. Berkshire's Equal Employment Opportunity Policy encourages the commitment of every Supervisor. All employees are expected to participate in and actively support these efforts.

The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor is to limit the Company right to assign other functions to an employee in this position. This job description does not constitute a written or implied contract of employment.

Experience

• 2 year(s): 2+ years real estate investment / asset management experience, multifamily preferred

Education

• Bachelors or better