COMPANY OVERVIEW:

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Stoneweg US, one of the nation’s fastest growing multifamily real estate investment and development companies, is currently seeking an Asset Manager.  Stoneweg US, based in the Tampa Bay area in Florida, serves as exclusive investment manager of Varia US Properties AG, a Swiss, publicly traded real estate fund (SIX Swiss Exchange ticker: VARN) and also partners with US and international equity investors to acquire and develop multifamily assets in markets with strong population growth and positive trending economic conditions as part of separate Stoneweg US investment funds.  The Stoneweg US team challenges the conventions of real estate investment through a research-driven, results-oriented approach that has led to the successful deployment of over $500 million of equity and the acquisition of over 18,500 multifamily units since 2016.  The Company plans to remain focused on this aggressive growth strategy for 2023 and beyond. 

 

POSITION:

Based in the Tampa Bay/St. Petersburg, Florida region, the Asset Manager will be part of a dynamic and growing business environment and participate in the management of a strong investment portfolio located throughout the U.S.  The Asset Manager will oversee third party property managers, prepare and maintain budgets, create and implement capital expenditure plans, and ensure professional and complete reporting to management.  The goals of the position are to improve the overall operations of the properties, maximize return on investment, and reduce risk and increase long-term value of the portfolio.

 

This position will work closely with the Company’s Asset Management, Acquisitions, Legal, and Accounting teams, as well as with a well-experienced team of leaders, both in the U.S. and abroad.

 

The ideal candidate will be an energetic, motivated self-starter with a hands-on approach.  This person will be results-oriented and able to excel in a fast-paced environment that requires one to be able to adjust to shifting priorities and accomplish multiple tasks.

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RESPONSIBILITIES / DUTIES:

• Review and approve annual operating budgets and business plans for each asset.

• Collaborate with third party property management companies, leasing, and real estate tax consultants and other personnel associated with the assets.

• Develop strategies to maximize the value of each real estate asset by working with peers as well as with senior management.

• Inspect individual assets on an as-needed basis, including documentation of necessary action items.

• Oversee the preparation and update of monthly performance reports.

• Review property, financial reporting and variance analysis and coordinate with accounting personnel to ensure that financial statements are accurately presented.

• Work with internal construction/development team member to oversee project scoping, bidding and monitoring. Track progress of capex spending at the properties to insure timely completion.

• Work with senior management to develop dashboard metrics and enterprise reporting systems.

• Design, develop and refine tailored real estate financials (e.g., cash flow, valuation, reforecast) and business models using Excel and/or other software to support the decision-making process for real estate transactions.

• Participate in the acquisition process by providing a capital expenditures schedule following on-site inspection of assets and by providing input on proforma budgetary forecasting.

• Manage the takeover of new assets/transition of property managers and ensure a smooth and successful transition into the portfolio.

• Participate in the disposition of an asset by providing summary reports and forecasts.

• Develop business plans to promote revenue growth by gathering market and other relevant data, analyzing and identifying emerging trends, assessing the impact on the Company’s market position, and communicating issues, threats, opportunities, and other pertinent information to the senior management team.

 

OBJECTIVES:

• Identify operational, financial, and business areas for improvement, develop innovative solutions, and implement new technologies, procedures, or tools that improve efficiency and productivity.

• Keep abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility.

 

REQUIREMENTS:

• 5+ years of experience in property and asset management, ideally with a multifamily owner/operator.

• Team leadership and management experience, preferably in real estate, with an objective of advancement.

• Excellent problem solving, communication, analytical, planning, leadership and management skills.

• Flexibility and ability to work under pressure in fast-paced, dynamic environment.

• Proactive, takes initiative, thinks creatively, and drives projects to completion.

• Strong organizational skills and the ability to manage multiple projects simultaneously.

• Detail-oriented while maintaining a view of the big picture issues and requirements.

• Ability to think both strategically and tactically to achieve results despite constantly shifting priorities. 

• Excellent negotiation, communication, and presentation skills.

• Demonstrated knowledge of Yardi.

• Employment history that demonstrates progressive levels of accountability and responsibility in the application and usage of asset management and residential multi-housing business principles, and demonstrated knowledge and skills in executing sales, customer service, revenue/expense management, and financial business plans.

• Must have a passion for real estate, an active entrepreneurial mind and a strong work ethic.

• Strong experience in estimating capital expenditures associated with rehabs, deferred maintenance, and common area upgrades.

• Bachelor’s degree required.

• Travel throughout the U.S. as needed is expected and required (about 40 % of the time).

 

​COMPENSATION:

The chosen candidate will receive a competitive salary, bonus program, and an excellent benefits package which includes medical, dental, vision and a matching 401(k) plan.This position offers a strong opportunity for growth and advancement in the Company.

 

CONTACT:

Qualified candidates should email their resume to the following address:  jobs@stoneweg.com

For a PDF version of this job description please click here. 

 

 

 

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