Job Description

Asset Manager (Multifamily Real Estate)

Company Overview

Ritz Banc Group is a performance-driven real estate investment firm specializing in the acquisition, repositioning, and disposition of workforce multifamily assets, typically held for 3–5 years. Our strategy centers on value-add execution, operational efficiency, and disciplined underwriting to meet the expectations of our cash-on-cash-focused investor base.

We deliver results through strategic asset management that increases property value, improves resident satisfaction, and maximizes investor returns. Our mission is to create long-term value by executing clearly defined business plans with precision and accountability.

For more information about our company’s mission and values, please visit:

Role Summary

Reporting to the Vice President of Asset Management, the Asset Manager will assume full operational and financial responsibility for a designated portfolio of multifamily properties. You will be responsible for implementing pre-defined underwriting and business plans aimed at driving value creation, proactively managing risk, and achieving strong cash-on-cash returns. This position demands analytical problem-solving, leadership acumen, and effective communication skills, with a particular emphasis on overseeing third-party property managers who develop property-level budgets for approval and execution.

Key Responsibilities

Portfolio Performance & Financial Oversight

• Review and approve annual operating budgets, capital expenditure plans, and cash flow forecasts prepared by third-party property management teams.
• Monitor, analyze, and report on property-level financial performance, including monthly/quarterly variance analysis and financial modeling.
• Ensure rent and occupancy targets are met or exceeded while controlling expenses to achieve cash-on-cash return objectives.

Strategic Asset Management

• Execute existing asset-specific business plans developed during acquisitions, aligning with the company’s broader 3–5 year hold strategy.
• Identify and refine value-add opportunities (e.g., renovations, repositioning, rebranding) to maximize NOI and property value.
• Proactively mitigate risks by monitoring market trends, competitive properties, and regulatory changes.
• Continuously track and adjust the property strategy to ensure alignment with changing market conditions and investor return targets.

Property Operations & Vendor Oversight

• Oversee third-party property management teams to ensure best-in-class operations, resident satisfaction, and compliance with lease terms.
• Review and approve major expenditures, capital projects, and maintenance initiatives in line with approved budgets.
• Ensure vendors and contractors adhere to company standards and deliver cost-effective, high-quality service.

Investment Analysis & Deal Execution

• Collaborate with the acquisitions team on new opportunities, including underwriting, due diligence, and closing processes.
• Perform asset-level ROI analyses for expansions, renovations, or disposition decisions, maintaining focus on target returns.
• Support dispositions and refinancing processes, liaising with brokers, lenders, and legal counsel as necessary.

Team Leadership & Collaboration

• Lead cross-functional meetings with property managers, leasing agents, construction managers, and external partners to ensure effective execution of the business plan.
• Maintain strong relationships with investors, lenders, and internal stakeholders through clear communication and transparent reporting.
• Foster a collaborative environment that encourages innovation and accountability.

Reporting & Stakeholder Communication

• Prepare and deliver investor presentations, monthly/quarterly asset reports, and annual business plan updates with a clear focus on cash-on-cash returns and progress toward exit strategies.
• Communicate key performance metrics, market insights, and strategic recommendations to senior leadership.
• Ensure timely and accurate reporting to clients, partners, and regulatory bodies.

Qualifications

• Education : Bachelor’s degree in Finance, Real Estate, Business Administration, or a related field; advanced degree (MBA, MSRE) or relevant certifications (CAIA, CFA, CPM) are a plus.
• Experience : 3+ years of direct asset management experience within multifamily real estate, with a proven track record of improving asset performance and driving returns.
• Technical Skills : Proficiency in financial modeling, budgeting, and valuation tools; experience with property management software (e.g., Yardi, RealPage) and advanced MS Excel/PowerPoint skills.
• Analytical Aptitude : Strong quantitative and qualitative analysis capabilities, with the ability to interpret data to make strategic decisions that enhance cash-on-cash returns .
• Leadership & Communication : Demonstrated ability to build and lead teams, present compelling business cases to executive leadership, and manage relationships with external partners.

Key Attributes

• Forward-Thinking Mindset : Continuously seeks innovative ways to enhance property value, manage costs, and optimize resident experiences while meeting investor return goals.
• Ownership Mentality : Approaches each asset with an investor-focused perspective, taking full responsibility for outcomes.
• Collaboration & Relationship-Building : Skilled at working cross-functionally and maintaining positive relationships with internal teams, third-party managers, and external partners.
• Adaptability : Thrives in a fast-paced environment, effectively handling changing market conditions and shifting organizational priorities.
• Strategic Vision : Balances day-to-day execution with a broader, long-term view that aligns with the firm’s 3-5 year hold strategy and value-add business model.

Job Tags

Similar Jobs