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Bozzuto is seeing an experienced and motivated professional to join its asset management and capital markets team. The Asset Manager will be responsible for day-to-day oversight of the operations and ownership decision making for the properties within their portfolio. They will conduct annual budgeting, cash flow forecasting, financial modeling, market research, and preparation of investment memoranda to support and facilitate the value maximization of each property. This position will work with various Bozzuto teams, including Finance & Accounting, Property Management, Acquisitions & Development and Construction while reporting to a Senior Vice President.
Job Responsibility:
Ensure that the portfolio and individual communities meet the established operational, financial, and business performance goals of the Bozzuto and its joint venture partners
Analyze property financials to ensure financial success of properties and forecast future cash flows to investors
Prepare detailed written investment memoranda that synthesize the monthly, quarterly, and annual performance of the portfolio, market trends, and investment recommendations/business plan adjustments
Generate and maintain waterfall models for each investment from acquisition to disposition, based on each investment’s unique set of investors and partnership structures
Work with Bozzuto Management Company to develop and implement annual asset plans with strategies to maximize the portfolio’s performance and value
Manage large capital projects throughout the portfolio while managing vendors, consultants, and contractors
Interact with a variety of third parties including equity partners, lenders and investors in order to pursue opportunities aggressively and creatively while representing Bozzuto in an ethical and high integrity manner
Requirements:
Undergraduate and/or Graduate degree in a relevant field with 5+ years of professional experience in multi-family real estate asset management, finance, brokerage, or another analytical role
Multifamily experience required
asset management experience preferred
Advanced skills in Microsoft Excel and financial modeling, including a strong understanding of real estate capital structures and experience with joint venture and fund waterfalls
Strong interpersonal skills with the ability to work effectively on an individual basis and as part of a cross-functional team
Ability to present complex strategies and concepts to Executives with understanding, knowledge, and self-confidence
Excellent written and oral communication skills, including ability to articulate an argument clearly, logically, and concisely with supporting rationale
Outstanding attention to detail
Ability to manage multiple projects and priorities and handle tight timelines
Ability to exhibit and exemplify Bozzuto’s values of Concern, Creativity, Passion and Perfection