Asset Manager

GK is recognized by the Los Angeles Business Journal as one of the

Most Influential Family-Owned Businesses in Los Angeles

Goldrich Kest (GK) is a diversified real estate development and management group of companies and partnerships.  Its focus is to expand its portfolio of proven and well-located properties including multi-family, industrial, retail, commercial and congregate care through acquisition and development while providing stable cash flow to its partners and outside investors. 

Position Information: 

• Salary Range: $125K - $145K yearly (DOE)
• Exempt

Job Summary

The Asset Manager will work directly with the Senior Asset Manager in the oversight and management of the Multifamily portfolio with the overall goal of optimizing asset values. The Asset Manager will play a key role in developing and executing on both portfolio and property specific strategies, evaluating operational performance against relevant industry benchmarks, analyzing capital investment decisions and how they impact value, and facilitating preparation of required reporting deliverables.

Essential Functions

This job description should not be interpreted as all inclusive. It is intended to identify the essential functions and requirements of this position. The incumbent may be requested to perform job-related responsibilities and tasks other than those stated in this job description.

• Work cross-functionally within the organization on the development, creation, and approval of property level business plans and annual budgets
• Review of monthly financial and operating reports to measure property and portfolio performance against budgets and business plans
• Lead monthly financial reviews with Property Management to communicate areas of concern/opportunities and coordinate action items to ensure operational goals (NOI growth, occupancy targets, capital projects etc.) are being met or exceeded
• Preparation and presentation of monthly, quarterly, and annual reporting related to property and portfolio performance to budget, internal and external benchmarks, and established goals
• Monitor and analyze market and economic conditions along with capital trends and factors impacting the performance of assigned portfolio
• Work with 3^rd Party Management to ensure operations is in accordance with strategic business plan/budget and provide guidance consistent with GK standards and objectives
• Perform property visits in assigned portfolio to evaluate building presentation, capital project/development progress, market comparables, and submarket climate
• Work with the Senior Asset Manager in the administration and implementation of new processes, key performance metrics, reporting, and presentations to internal stakeholders and senior leadership
• Lead and/or assist in the due diligence and underwriting of potential acquisitions, repositions, dispositions, and developments
• Assist with the management, training, and development of the Asset Management Analysts
• Prepare and present various ad hoc analysis as needed

Other Responsibilities

Performs other duties as assigned.

Materials and Equipment

This role routinely uses standard office equipment such as laptop computers, smart phones, photocopiers, filing cabinets and other presentation materials.

Knowledge, Skills and Abilities

• Excellent mathematical, interpersonal, and business communication skills
• Professional demeanor and respectful attitude
• Strong communication (oral &written) skills
• Strong work ethic with the ability to work alongside varied personalities
• Motivated and resourceful team player
• Ability to take initiative and work independently to establish and manage work priorities
• Highly analytical, technologically savvy, with strong problem-solving skills
• RealPage/Intacct accounting system experience not required, but is a plus 

Minimum Qualifications Required

• Bachelor’s degree preferably in business-real estate, economics, finance, or accounting
• Five or more years of experience in a similar role in multi-family and/or commercial Real Estate
• Advanced knowledge of Microsoft Excel (VBA is a plus but not required)
• Working knowledge of Microsoft Word, PowerPoint, and Power BI

Certifications

N/A

Physical Requirements

• Ability to sit for extended periods of time and concentrate on detailed spreadsheets and financial reports
• Ability to stand, walk, and tour properties during site visits

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, use hands to finger, handle or feel, and reach with hands and arms.

Working Conditions

Work is usually performed in a normal office environment. Some travel will be required for asset management related property visits and select acquisition due diligence. This may periodically involve visiting properties that are under rehab/remediation with associated exposure to noise, dust, dirt, etc.

Salary : $125,000 - $145,000