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Asset Manager

Company: Olympus Property
Location: Newport Beach
Posted on: April 1, 2021

Job Description:

Olympus Property Acq
Newport Beach, CA, USA
Description This high-profile position will be responsible to support Olympus's current Asset Management team to drive value across the Olympus portfolio. The position will require a deep understanding of property level financials, budgeting processes and other key investment driven metrics (IRR, Equity Multiple, ROC). This function is critical to the internal real estate groups ability to source, plan and execute the organizations real estate activities. Reports To: VP, Finance-- Essential Functions:

  • Work closely with property management and 3 rd party operating partners to reach or exceed revenue and income goals as outlined in the business plan.--
  • Interfaces with internal and external parties, such as internal Ops Team, 3 rd party Operating Partners, lenders, Accounting, legal counsel and other market contacts as needed to ensure optimal value is achieved for each asset.
  • Conducts monthly financial reviews of each asset with property management and internal partners, communicating forecasted performance versus actual.
  • Regularly reviews property performance relative to budget, proforma, market, and portfolio, while identifying opportunities to maximize top line revenues and to ensure appropriate cost control measures are achieved.
  • Modifies business plans based on operating results, market dynamics, and/or changing investor objectives in conjunction with the team. Stays abreast of current market conditions in order to understand the competitive position of each asset in the portfolio from a leasing and investment perspective.
  • Develops recommendations to enhance value for each property and create long-term value for residents and investors. Oversees the progress of all capital improvement projects.
  • Prepares and updates financial models in Excel for existing assets and prospective investments, including sensitivity analyses, various debt structures and JV partnerships.
  • Continually monitors property competitive position and proposes corrective action when a property is perceived to be in decline, as well as conveys the rationale behind any decisions that are made in a clear and concise manner.
  • Provides market feedback and recommendations to internal teams and prepares/distributes any ad-hoc investor, partner, or executive management requests.
  • Performs any other duties as assigned. Skills/Education:
    • Education: Bachelor's degree in Accounting, Finance, Business Management or Economics. MBA or a Master's in real estate preferred.
    • 4-6 years of Real Estate experience, with prior experience in Investment Banking, Private Equity or GP background. A minimum of 2 years in asset management.
    • Proficient in the use of Microsoft Office applications, including MS Word, Excel, Outlook, Power Point, Publisher, as well as proficiency in Internet research.
    • Strong analytical, problem solving and decision-making skills including financial analysis, statistical analysis and business case development.
    • Project management skills including organizing, multitasking, and budget reconciliation.
    • Excellent written and verbal communication skills, including ability to communicate and interact with personnel at all levels throughout the organization; possesses good interpersonal skills; team management skills including participation, engages on difficult issues, and effectively influences non-direct reports.
    • Ability to travel 10-15% annually. Diversity is a critical component in Olympus Property's success model. Olympus Property is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. Qualifications Behaviors Required Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well Loyal: Shows firm and constant support to a cause Leader: Inspires teammates to follow them Innovative: Consistently introduces new ideas and demonstrates original thinking Dedicated: Devoted to a task or purpose with loyalty or integrity Preferred Thought Provoking: Capable of making others think deeply on a subject Motivations Required Work-Life Balance: Inspired to perform well by having ample time to pursue work and interests outside of work Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization Goal Completion: Inspired to perform well by the completion of tasks Self-Starter: Inspired to perform without outside help Preferred Entrepreneurial Spirit: Inspired to perform well by an ability to drive new ventures within the business

Keywords: Olympus Property, Newport Beach , Asset Manager, Executive , Newport Beach, California

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