Asset Manager

Main CLE Office
6000 Freedom Square Drive
Suite 500
Independence, OH 44131, USA

Main CLE Office
6000 Freedom Square Drive
Suite 500
Independence, OH 44131, USA

Company Description
Jonathan Rose Companies is one of the country’s leading owners, developers and operators of green affordable and mixed-income communities. Founded in 1989, Rose has created projects with more than $4.2 billion of value with a current portfolio of 19,000 apartment homes in 15 states and Washington DC.

Our mission is to create a more environmentally thriving, socially just world through the development, preservation, renovation and management of green, affordable and mixed income housing.

The firm is a fully integrated investment management, development and asset management company with, construction management, solar energy, mortgage finance and title company affiliates.

We strive to achieve positive environmental impact by investing in energy efficiency, decarbonization, and water conservation to reduce our use of natural resources and toxins. Our social impact is achieved by preserving and expanding housing affordability, and connecting our residents to health, education, financial, cultural and social services. And we aim to achieve these impacts in a co-creative process with governments, our residents and staff.

We are signatories to the United Nations Principles for Responsible Investing (UN PRI), benchmark performance annually through GRESB, and align our reporting with the Task Force for Climate-related Financial Disclosures (TCFD) guidelines, SASB Standards, and GRI Standards.

Position Description

Asset Managers are responsible for ensuring assigned properties meet the Rose financial, social and environmental goals. The AM's Assist and review property business plans based on the initial acquisition goals and updates plans no less than annually to reflect property performance and market conditions. Review property financials with property management monthly and reports quarterly to investors and / or executive team.

Overall purpose is to create value in the portfolio while providing a quality home for our residents.

The pay range for this position is $120-130k based upon factors including but not limited to related experience and time in the industry.

Essential Functions

FINANCIAL REPORTING, MODELING & ANALYSIS

• Collaborates with the Asset Management Analyst, develops and guides business plans, operating budgets, and 5-year capital expenditure strategies to meet or exceed goals.
• Prepares and updates financial models and valuation analyses to reflect current performance and assumptions throughout asset’s lifecycle to support decision-making and strategic recommendations.
• Monitors monthly, quarterly, and annual financial performance against budgets and strategic objectives. Completes quarterly reporting updates, variance analyses, and covenant compliance.
• Manages documentation and accounting processes related to ownership transfers and partnership buyouts.
• Oversees identification and submission of unclaimed funds, including due diligence and investor outreach.
• Coordinates with internal and external stakeholders to communicate asset performance, capital projects, and operational initiatives.
• Conducts scenario and sensitivity analyses for refinancing and disposition opportunities; leads transactions through execution.
• Leads preparation of year-end audit packages, investor updates, and responses to special requests.
• Reviews financial statements and tax returns; manages external accounting engagements.

CASH FLOW

• Analyzes and distributes cash flow from the properties through the partnership waterfalls on an annual or semiannual need, including special distributions relating to capital transactions for refinancing, sale and other.

PROPER…