Director of Asset Management

Description: We are currently searching for a strong leader and manager to fill our NEW Director of Asset Management (Multifamily and Student Housing) role.
The Director of Asset Management will be accountable for developing and monitoring our annual property business plans, pricing and revenue management, expense optimization, and capital expenditure planning and execution.
The new team member will have an opportunity to shape and continue to build our asset management function such that our properties have the right level of support and oversight, both from day-to-day and long-term perspectives.
Fairlawn is a rapidly growing fully integrated real estate firm focused on value-add and ground up development projects in the Midwest.
Today, Fairlawn’s multifamily and student portfolios consist of a total of 5,200 units spanning Central Illinois and Indiana.
Over the next three years, we plan to expand into multiple new markets in the Midwest and grow our portfolio to 10,000+ units.
The successful candidate will be a critical driver of this growth, and will be responsible for creating, implementing, and overseeing new processes and strategies to contribute to our portfolios’ success.
This corporate role will report to the Head of Operations and has the option to be based in either our Champaign or Chicago offices.
What will you do? Exemplify the core values of Be Kind, Be Flexible, Own It and Always Improve Monitor current property performance and prepare and review property management budgets and capital expenditure reports Work with property management and marketing and sales teams to develop and monitor leasing/marketing plans and lease-up progress reports Prepare and distribute internal reporting materials for asset management and investor relations Provide analytical support to colleagues in the areas of operations and asset performance Maximize the total return for portfolio assets through the identification of potential value-add and revenue enhancement strategies, as well as implementation of operational efficiencies Collaborate with facilities managers regarding capital project planning and status, including onsite visits and interfacing with third-party contractors Travel to existing properties on a regular basis to identify potential areas for improvement and implement action plans for sustained high physical performance Become the firm’s local expert in each market where properties are assigned, with a focus on competitive assets, acquisition pipeline, and other economic drivers that could impact overall asset performance Develop and maintain internal trend analyses for existing properties and identify areas of improvement based on comparative benchmarking Facilitate activities related to capital events, such as acquisition financing, refinancing and property dispositions Assist with new project underwriting & financial analysis and help prepare investment offering memoranda for investment committee and potential investors Review and analyze new investment offering materials and gather and evaluate economic and market data Assist with managing the due diligence and closing processes, including the review and analysis of leases, operating information, legal documentation, property condition assessments and other investment-related information as well as touring assets and participating in tenant interviews Manage third party managers for assets where we are not property managing in-house Learn and ensure compliance with all Fair Housing Laws including local, state, and federal housing regulations (We provide training) Pivot, roll up your sleeves and jump in where needed! Why should you work here? Competitive Base Pay and Performance Incentives.
We are ready to invest in you! Medical, Dental, Vision, and Life Insurance - Starting First Day of Employment - to access care for positive health outcomes and your overall wellbeing Employee sponsored benefits including Short Term Disability, Life Insurance, Critical Illness, Accident, Flexible Spending, and H.
S.
A.
Accounts to avoid costly medical expenses due to gaps and ensure that all your medical needs are met 401(k) Retirement Plan with Match to invest in your future wealth and retirement Paid Vacation, Sick Leave, and Holiday Pay to help you reset and come back rejuvenated and refreshed Monthly company events to promote team cohesion Wellness Days to focus on being your best self.
We want you to have time to disconnect and recharge in a way that works for you The opportunity to work for a growing organization where you are valued and can have a direct impact Quarterly off-site meetings with your manager to celebrate wins, issue solve and ensure you are set up for success.
Plus, the process is rewarding, and the results are great for your career Requirements: Who you are – We’d love to hear from you if you: Have an undergraduate degree (in a relevant discipline including finance, marketing, business, economics or engineering); graduate degree preferred Have at least 7 years of growing experience in a professional setting with a minimum 5 years experience in real estate (e.
g.
development, property management) Have at least 3 years of asset management experience Have at least 2 years of people management experience Have a thorough understanding of the various real estate valuation processes and techniques Have strong understanding and experience with budgets and overall financial reporting, with an ability to analyze large amounts of data and extract improvement opportunities Are proficient with relevant technology and can easily adapt to changing technology (i.
e.
, property management software, Microsoft Office Suite including intermediate to advanced Excel capability) Have excellent written and verbal communication skills Demonstrate superior attention to detail, high energy and a positive attitude Have the ability to work independently and also to work closely with other team members Embody our core values: Be Kind, Own It, Be Flexible, and Always Improve Have the ability to work overtime as needed during high demand times and capacity shortages Physical Requirements Execute on tasks independently, maintain concentration/focus on tasks.
The ability to communicate information and ideas so others will understand.
Must be able to exchange accurate information in these situations.
The ability to observe details at close range (within a few feet of the observer).
The ability to communicate orally with customers, vendors, management, and other co-workers.
Occasionally moving objects up to 15 pounds around the office.
Regular use of the telephone and e-mail for communication is essential.
Hearing, vision, and speaking within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or inspect documents.
Good reasoning ability is important.
Able to understand and utilize management reports, memos, and other documents to conduct business.
Moving about to accomplish tasks or moving from one worksite to another.
Includes but not limited to driving motor vehicle, standing, sitting, walking, and climbing stairs Some additional things you will need: Valid driver’s license and dependable vehicle.
Ability to travel to properties and corporate events (including some overnights), and to work remotely Availability to work longer hours and weekends during prime leasing season and turnover (specific dates vary from year to year) Must be able to complete the physical functions of the position not limited to ability to walk properties, complete physical inspections, deliver residents communications and show properties IND789