Elmington

Compensation

Full Description

POSITION SUMMARY: Elmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million-dollar company. As the leader in single family rental communities, Elmington Residential offers residents a place to call home: a home with exceptional design features, privacy, walkability, and a maintenance-free experience. The Asset Manager for Elmington Residential is responsible for overseeing the full investment lifecycle of a portfolio of residential assets, ensuring optimal financial performance through data-driven analysis and strategic decision-making. This role requires real-time monitoring of key performance indicators, budget adherence, financial modeling, and identifying trends to drive cash flow improvement initiatives. To be an effective Elmington teammate, you will need to: Have a great attitude Have high expectations Think BEYOND the box Work with passion Have a tireless work ethic Be confident Be self-sufficient and self-motivated Take pride in your work Be a good listener Offer a solution with every problem Go above and beyond for everyone you support ESSENTIAL JOB FUNCTIONS: • Develop and execute data-driven strategies to maximize revenue growth and asset performance • Provide regular financial performance updates to senior management, offering insights and recommendations to drive informed decision making • Conduct routine site visits to maintain high-quality standards across all assets, ensuring operations excellence and addressing any areas of concern • Analyze operational efficiency, identifying cost-saving opportunities and revenue-enhancing initiatives • Monitor financial performance against budgets, identifying variances and implementing corrective measures • Conduct ongoing cash flow analysis and forecasting to optimize annual investor distributions • Build and maintain financial models for operational expenses to support deal underwriting • Manage the asset disposition process, including financial modeling, market analysis, and investor reporting to maximize exit value • Calculate and analyze cash distribution waterfalls to ensure accurate allocation to investors and compliance with partnership agreements • Ensure compliance with debt covenants and assess future financing opportunities • Evaluate portfolio performance trends and assess external market factors impacting asset value • Monitor lease-up velocity and delivery timelines against underwriting projections • Assist in annual budgeting by identifying income and expense trends • Collaborate with the development team on underwriting and due diligence efforts • Work closely with property management team and all lines of business across Elmington • Perform all other duties as assigned KNOWLEDGE/SKILLS/ABILITIES: • Strong understanding of property income statements and how on-site operations impact financial performance • Strong analytical and financial modeling skills, capable of generating detailed cash flow models • Proficient in Microsoft Office (Excel, Word, PowerPoint) • Skilled in synthesizing data and presenting findings clearly, both written and verbally • Business acumen • Strong attention to detail and problem-solving skills • Communication proficiency • Ethical conduct • Relationship management SPECIFIC EDUCATION OR EXPERIENCE: • Bachelor's degree in a Finance, Real Estate, Economics, or a related field; advanced degree preferred • 3-5 years of experience in asset management, real estate analytics, or a related field • Proven track record of driving performance optimization and delivering strategic results in a multifamily asset management context. PHYSICAL DEMANDS AND WORK ENVIRONMENT • Frequently sit, stand and walk • Regularly required to talk or hear • Frequently required to use hands or fingers to handle or feel objects, tools or controls • Occasionally required to climb or balance, stoop, kneel, crouch or crawl • Occasionally lift and/or move up to 25 pounds • Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus • The noise level in the work environment is usually moderate • Temperature in the workplace is typically moderate TRAVEL REQUIREMENTS • This position requires travel up to 10% of the time. The Elmington Residential Experience We're creating a different kind of company at Elmington Residential. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington Residential is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington Residential could very well be the last company you ever work for. Elmington Residential is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Elmington Residential makes hiring decisions based solely on qualifications, merit, and business needs at the time.