ProperXPM

Compensation

Full Description

Job Title: Asset Manager Location: Hybrid — Bethesda, MD Department: Portfolio Operations & Asset Management Experience Level: 3–5 years of experience in multifamily asset management or real estate finance Compensation: $120,000–$160,000 + bonus About Proper Proper is transforming property management and investment through innovation, financial discipline, and strategic integration. As a private equity-backed platform, we acquire, integrate, and optimize operating companies and real estate portfolios across the U.S., leveraging technology and data-driven insights to drive value creation. We’re in a period of rapid growth — expanding our national footprint and enhancing operational excellence across our portfolio. The Associate Asset Manager will play a critical role in supporting portfolio performance, driving financial results, and contributing to Proper’s mission of building the most efficient and forward-thinking real estate operating platform in the market. About the Role The Asset Manager will oversee the financial and operational performance of a growing portfolio of multifamily assets. This individual will collaborate with cross-functional teams, including property management, finance, and acquisitions, to execute business plans and maximize returns. This role requires strong financial and analytical skills, a deep understanding of asset-level operations, and the ability to communicate insights clearly to senior leadership and investors. The ideal candidate is proactive, detail-oriented, and thrives in a fast-paced, data-driven environment. Key Responsibilities Support oversight of a regional multifamily portfolio, ensuring properties meet or exceed financial and operational performance goals. Monitor property financials, operating statements, rent rolls, and budget-to-actual variance reports. Develop and maintain financial models and dashboards to forecast performance, assess ROI, and inform decision-making. Collaborate with property management teams to drive NOI growth through revenue optimization, expense control, and capital project execution. Conduct site visits, review leasing performance, and identify value-add opportunities to improve asset efficiency and profitability. Participate in monthly and quarterly performance reviews, presenting financial and operational insights to senior executives. Support underwriting and due diligence for acquisitions, assisting in integration and stabilization post-closing. Partner with accounting and finance teams on cash flow forecasting, capital planning, and lender reporting. Prepare investment summaries and contribute to investor reporting and portfolio updates. Qualifications & Experience Bachelor’s degree in Finance, Real Estate, Business, Economics, or a related field. 3–5 years of experience in multifamily asset management, real estate finance, or investment analysis. Strong financial acumen with advanced proficiency in Excel (pivot tables, sensitivity analysis, IRR, DCF modeling). Exceptional analytical and quantitative skills with the ability to interpret and communicate complex financial data. Solid understanding of property operations, capital planning, and performance optimization. Strong communication and presentation skills, with the ability to engage confidently with leadership and partners. Organized, self-motivated, and capable of managing multiple priorities in a fast-paced environment. Willingness to travel for property visits and portfolio reviews (approximately 1–2 times per month). Experience with Yardi, RealPage, or similar property management systems preferred. Benefits Proper offers a comprehensive benefits package designed to support employee well-being and long-term success, including: Medical, dental, and vision insurance 401(k) plan with company match Paid time off (PTO) Paid company holidays Professional development opportunities Collaborative, growth-oriented team culture Why Join Proper This is an exciting opportunity to join a company at the forefront of innovation, growth, and operational excellence in real estate. You’ll gain exposure to high-impact financial and strategic initiatives, working closely with senior leaders to influence portfolio performance and long-term value creation. Proper offers a collaborative environment, strong growth potential, and the opportunity to be part of a company redefining the future of real estate investment and management.