VP, Asset Management, Multifamily Direct Equity - Portfolio Manager

Location: Onsite, New York City Corporate Office or Onsite, Norfolk, Virginia Corporate Office

Job Summary: In the role of Asset Management, Multifamily Direct Equity - Portfolio Manager, you are a part of the Harbor Group International's Asset Management Group, which manages all the company's direct equity, preferred equity, and debt portfolio investments. This specific role relates to multifamily direct equity investments.

Key Responsibilities: Including the following but are not limited to the job specifications contained herein. Additional duties or job funct ions that can be performed safely may be required as deemed necessary by Harbor Group International.

• Work collaboratively with the Transactions, Property Management, and Investor Relations teams on new acquisitions by providing a general risk assessment of the investment and review of business plan, investor projection model, and capital plan. Role will be responsible for documenting operational plans and investment goals/objectives.
• Review weekly and monthly property data for owned multifamily properties including leasing reports, traffic reports, construction progress reports, and aged delinquencies, etc. for general oversight purposes with high focus on balance sheet accounts, including cash positions. Responsible for approving capital expenditures, including disbursements for value-add capital improvement programs, and managing balance of capital accounts.
• Stay abreast of local, regional and national real estate and financial market trends, including for purposes of planning ahead for capital transactions and loan maturities.
• Monitor, review, and evaluate financial operating results for variance and performance metrics. Confirm Property Management is aware of performance metrics and inquire as to plan to implement changes as needed to enhance cash flow and profitability. Manage capital improvement and other reserve balances. Recommend quarterly and annual cash distributions to investors.
• Monitor portfolio and plan strategically for investor distributions, loan covenant testing periods and capital transactions. Based on consideration of investor projections and potential capital transactions, review and approve annual budgets and business plans providing guidance for non-operating portion of budget for the assigned properties.
• Participate in sell/hold/refinance decision making, assist with review of broker BOVs and capital transaction analysis.
• Effectively present information to and respond to questions from groups of executives, investors (prospective and existing), lenders, and other appropriate constituencies.

Primary Requirements Include:

• The successful candidate will have a strong academic background with a college degree. An MBA or a Master's in Real Estate or other relevant fields is strongly preferred.
• A minimum of 7 to 10 years of experience in relevant multifamily asset management, property management and/or acquisition work experience in the multifamily industry. Multifamily or other residential experience is required, though another sector experience is appreciated.

• An investment mindset with a thorough understanding of financial calculations such as NPV, DCF, and IRR.
• Previous real estate financial analysis and modeling experience.
• Knowledge of real estate accounting, financial statements, and variance analysis.
• Superior analytical and problem-solving skills.
• Strong presentation, negotiation, and communication skills.
• Proficiency with MS Excel, Word, and PowerPoint required; proficiency with MRI, Axiometrics, and/or LRO a plus.
• A team player who can operate effectively within a fast-paced environment.
• Excellent organizational and time management skills. Ability to balance competing priorities. Able to work with time-sensitive, detail-oriented material and meet multiple deadlines.
• The ability to travel frequently.

PHYSICAL REQUIREMENTS / WORKING CONDITIONS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand, walk, and sit. The employee is occasionally required to reach with hands and arms, climb or balance, stoop, kneel, crouch, or crawl, and taste or smell. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Ability to travel up to 40%, either by driving an automobile or commercial flying. Travel may require overnight stays.

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WHAT WE OFFER:

• Competitive Salaries & Bonuses
• Medical, Dental & Vision Plans
• 401(k) Plan with Employer Matching Contributions (including part-time employees)
• Paid Time Off (PTO) & 10+ Paid Holidays
• Paid Parental Leave
• Paid Birthday Off (Multifamily)
• Flexible Spending Accounts
• Company-Paid Long-Term Disability
• Company-Paid Life Insurance
• Short-Term Disability
• Health Savings Account with Employer Contributions
• Pre-Tax Commuter Benefit (Corporate)
• Wellness Perks (including part-time employees)
• FinFit Financial Wellness Program
• Legal Resources
• Employee Apartment Discount (including part-time employees)
• Employee Referral Program (including part-time employees)
• Employee Assistance Program (including part-time employees)
• Tuition Reimbursement
• Insta Pay Eligible
• Volunteer & Community Service Opportunities
• Employee Recognition & Awards

Benefit eligibility will be determined at the time of hire. Eligibility for certain benefits may vary based on position, location, hours worked, and other qualifying criteria.

Veteran Friendly

This pre-employment application will be given every consideration, but its receipt does not imply that the applicant will be employed. Each question should be answered in a complete and accurate manner as no action can be taken on this application until all questions have been answered.

Harbor Group Management is proudly an Equal Opportunity Employer EOE/M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.