Job Description

Roers Companies is a 2024 USA Today Top Workplace and an emerging national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed nearly $3 billion in real estate, representing more than 12,000 homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

The role of the Director of Asset Management oversees the strategic planning and execution of the asset management activities playing a critical role in shaping our strategy, optimizing the performance of our portfolio, while driving sustainable growth and value.

• Provide leadership and guidance to the asset management team, including hiring, training, and performance management, to foster a culture of excellence, collaboration, and continuous improvement.
• Identify opportunities for acquiring new assets or disposing of underperforming assets based on market analysis, financial projections, and organizational goals.
• Conduct financial analysis, including cash flow modeling, valuation, and performance measurement, to evaluate the financial performance of assets and make informed investment decisions.
• Identify and assess risks associated with asset ownership and develop risk mitigation strategies to protect the organization's interests and optimize returns.
• Implement strategies to optimize the performance of existing assets, such as lease renegotiation, capital improvements, and operational enhancements, to maximize revenue and value.
• Ensure execution of financial review processes and procedures associated with our operating properties including budget/actual comparison and performance management including cash flow forecasting, property sales, refinances, and setting up for LIHTC equity installments.
• Prepare regular reports and presentations for senior management and other key stakeholders on asset performance, market trends, and strategic initiatives.
• Conducting monthly asset review and property watchlist meetings.
• Collaborate with internal stakeholders, including senior management, finance, operations, and legal departments, to align asset management initiatives with organizational objectives and priorities.
• Facilitate clear and effective communication among project stakeholders, including team members, senior management, and other relevant parties.
• Collaborate with internal and external stakeholders to gather input, address concerns, and foster positive relationships throughout the project lifecycle.
• Ensure that all projects comply with relevant regulations, permits, and safety standards. Stay informed about industry best practices, emerging technologies, and other developments to continuously improve project management processes and methodologies.
• Utilize technology tools and systems, such as asset management software and data analytics platforms, to streamline processes, improve decision-making, and enhance transparency in asset management operations.
• Out of state travel required on an as-needed basis.
• Other duties as assigned.

Education:

• Bachelor's degree preferred.
• High school diploma or GED

Experience:

• 5+ years of industry experience in Asset Management
• 3+ years of experience working with Low Income Housing Tax Credit projects.

Skills/Abilities:

• Experience and understanding of the Section 42 tax credit program is required.
• Strong interpersonal, verbal, and written communication skills.
• Computer skills: Microsoft Word, Excel, One Note, Outlook, Power Point, and Adobe Acrobat
• Knowledge of Yardi and other Property Management software strongly preferred.
• Exceptional communication skills and ability to interact with wide range of people.
• Must be organized, detail oriented and have good time management skills.
• Entrepreneurial ownership mindset.
• Strive to achieve ambitious goals - loves to be challenged.
• Ability to organize and manage multiple priorities within established deadlines.
• Ability to perform the physical functions of the position, which may include, but are not limited to ability to walk property, including up to 6 flights of stairs, to complete physical inspections.

Benefits & Perks

Our full-time employees are eligible for these benefits and perks:

• Medical, dental, and vision insurance including HSA
• Paid Parental Leave
• Employer Paid Basic Life Insurance
• Employer Paid Long-Term Disability
• Voluntary Life, AD&D, and Short-Term Disability insurance
• 401k Match
• Equity Opportunity with Match
• Competitive PTO and Paid Holidays
• Gym Membership Reimbursement
• Free Stays in our Properties' Guest Suites
• Rent Discount if you choose to live at one of our properties
• Free Weekly Office lunches and Fully Stocked Fridge
• Monthly Social Outings
• Shorter Friday Workdays During Summer

Roers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law. E- Verify Compliant.

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