Asset Manager

A Brief Overview

Reporting to the Director of Asset Management, the Asset Manager is responsible for the financial and operational oversight of Hunt's military housing portfolio at the site level. The Asset Manager is charged with maximizing the performance and value of each military asset to which he/she is assigned. The position works collaboratively with Executive Leadership, Development/construction, Accounting, Legal, Marketing, VP's of Operations, Directors of Operations, and Financial Support Teams to carry out Asset Management duties and provide recommendations to senior Hunt Military Community management.

• Reviews and supervises the performance of the Property Manager retained by the project by conducting site visits and performing financial analysis as needed. Provides feedback to VP Operations and Directors of Operations on how to improve revenue, NOI, and EBITDA.
• In coordination with Property Management, directs the timing and preparation of annual operating budgets. Participates in annual budgeting process, including a detailed review of all budgeted BAH, market rents, expenses and capital expenditures, comparisons of budget projections to pro‑forma and to historical property performance, comparisons to corporate debt service projections and comparisons of budget assumptions to relevant industry benchmarks.
• Ensures comprehensive understanding of asset‑specific market dynamics and asset positioning; makes recommendations to Owner as needed if assumptions should be adjusted. Manages budget Q&A process with government partner.
• Assists in resolving ownership issues with the military partners by providing analysis and supporting documentation. Works with military partners and their consultants in resolving project issues.
• Assists Owner with resolving issues with government partners by providing analysis and supporting documentation. Works with military partners and their consultants in resolving project issues. Attends required site assessments as well as those requested by government partner.
• Assumes responsibility for ad hoc financial analysis for project, including analysis for follow‑on phases and new projects. Assists in the closing of these projects by reviewing financial documents and closing financial models. Runs “what‑if” and sensitivity scenarios as required by internal/external stakeholders, including Director of Asset Management.
• Updates and reviews quarterly and as needed pro‑formas. Provides assumption inputs and reviews for accuracy and functionality.
• Participates in project restructure negotiations; directs restructure financial modeling efforts by providing model assumptions/inputs and reviews models for accuracy and functionality.
• In coordination with Property Management, prepares annual budgets for both short‑ and long‑term capital and recapitalization/reinvestment expenditures that are required to maintain the project in good condition and repair.
• Evaluates sources and uses for capital programs.
• Manages oversight and supervision of project capital programs. Manages interactions with government partners regarding a project’s capital plan/program.
• Performs variance analysis of project performance against budget and pro‑forma. Evaluates variances and identifies and recommends solutions to emerging operating issues. Reviews leasing activity and, in cooperation with Operations, makes appropriate pricing recommendations relative to leasing waterfall, per Project Business Documents.
• Works with the Energy Manager to conduct utility analyses related to consumption, rates and billing, etc. Identifies opportunities to reduce utility/energy expenses. Directs site‑specific energy initiatives in coordination with Energy Manager.
• Reviews the appropriateness of property taxes, personal property taxes, improvement assessments, fire/police charges, and other impositions applicable to the project and advises the Owner on how to best address increases in these expenses.
• Participates in tax appeals and challenges, in conjunction with counsel and property tax consultants. Supplies relevant property information and assists with target value calculations.
• Reviews project matters and…