Asset Manager, Residential Portfolio
Sherman Associates Support Services - Minneapolis, MN

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Job Descriptions:
Sherman Associates, Inc. , an award-winning real estate development company specializing in design, construction and financing of a diverse range of products in the single-family, multi-family and commercial markets in Minnesota and the Midwestern region is looking for a qualified Manager of Residential Assets. Asset Manager is responsible for creating and overseeing an asset management program for residential investment properties owned by the Company.



Provide positive leadership, direction, and advice to residential property management and accounting staff to facilitate improvements in asset financial performance.

Provide positive leadership and detailed analytical analysis to investors and lenders regarding the Company's portfolio

Interaction with all levels of management, development staff, and site personnel, as well as third parties


Provide strategic direction and leadership for Asset Management, Compliance, and Property Management (all regions, RSO/Riverside)

Supervise senior level managers in all assigned departments as stated above, assist in hiring, training, and managing property management staff

Develop training and monitoring programs for staff

Maintain high level of interactive planning, interdepartmental communications, process efficiencies and performance with relevant departments including Accounting, Project

Management, Legal and Maintenance

Provide direction and oversight of business plans, budgets, forecasts, leasing, physical improvements and management of company assets

Manage properties/assets to achieve investment projections

Develop and distribute monthly asset management reports to investors, lenders, and consultants

Provide pre-development and pre-acquisition analysis and assistance in due diligence process, including review of financial, operational assumptions and physical design

Manage coordination of post-development and post-acquisition activities and integration of assets into the Company's portfolio

Assist in asset disposition, acquisition, and refinancing

Review of property budgets and capital expenditures

Work with lenders or investors to review and coordinate timing for equity investments and escrow balances/releases

Evaluate economic trends, competitive market conditions and real estate investment climate that may affect business plan strategies

Maximize total return for all assets through analysis of properties and identifying opportunities for improved performance

Other job duties as required

Required Experience:

Strong financial and analytical skills

Ability to multi-task and meet critical deadlines

Strong written and oral communication skills for internal and external contacts

Ability to work independently and as a part of a team

Experience in residential property operations and staff supervision

Commitment to the property performance

Proficient experience with Microsoft Office Suite and Real Page


Bachelor's Degree in Accounting, Finance, or Real Estate

Minimum of 5 years' experience in real estate financial accounting

Experience in residential property management and operations

Proficiency with modeling investment in both Argus and Excel


Occasional lifting and/or moving up to 5-10 pounds

Occasionally required to walk; sit; use hands and fingers to handle or feel objects, tools or controls; reach with hands and arms; stoop; talk and hear

Specific vision abilities required by the job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus

Exposed to ambient room temperatures, lighting and traditional office equipment found in a typical office environment

Required to drive oneself up to 5 hours one way; travel using personal vehicle and occasional plane travel to multiple properties

Quiet to moderate noise level

Keyword: Asset Manager, Residential Portfolio
From: Sherman Associates Support Services

Sherman Associates Support Services - 19 months ago - save job - block
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