Director of Asset Management

Direct message the job poster from Universal Development & Construction

No recruiters, please. This is an on-site position in Eastern TN (not remote or hybrid).

This is ahigh-impact leadership rolewhere you’d oversee a diverse portfolio, drive asset performance, and play a key role in our long-term growth strategy. Beyond the position itself, this is a great opportunity to enjoy:

A lower cost of living– Your take-home pay goes further here!

Work-life balance– Less traffic, outdoor recreation, and a great community.

Career growth– Leadership opportunity with the ability to shape strategy.

Relocation support– We offer assistance to make the move seamless.

Breathtaking surroundings– Nestled in theAppalachian Mountains, East Tennessee is one of the most beautiful parts of the country, offering stunning landscapes, four-season outdoor activities, and a high quality of life.

Job Summary:

The Director of Asset Management for UDC will play a critical role in leading and overseeing the operational functions of the company.

This role oversees the company’s overall performance, including ensuring profitability targets are established and reviewed and company-wide processes and procedures are designed, implemented, and followed. This position reports to the EVP/COO but works across all departments to promote company culture, drive profitability, and sustain growth. This is a management position tasked with building positive working relationships with team members, partners, company affiliates, owners, investors, and other stakeholders.

Qualifications:

The position requires proven leadership and decision-making skills, strong business and strategic planning capability, excellent communication skills and the ability to apply analytical, problem-solving, and critical thinking skills in a fast-paced, changing, and growing environment. The position also requires the ability to motivate and persuade others to drive organizational change, experience managing across multiple departments, and the attention to detail required to manage both projects and people within established timelines.

Skills and knowledge base required focused on all aspects of multi-family and commercial property management including marketing, accounting, finance, operational management, asset management, information technology, and human resources.

Duties & Responsibilities include but are not limited to:

Asset Management:

• Provide leadership and support to the Asset Management team including oversight and creation of annual Asset Management budget and monitoring actual performance against budget.
• Assist in refinancing efforts on existing portfolio properties and securing asset level financing for new acquisitions and developments, including assisting with due diligence and closing process.
• Assist in the preparation of investment materials and presentations.
• Assist in the preparation of pro-forma financial statements and modeling for the portfolio properties in each of the phases of development, construction, and refinancing, providing updates to owners, lenders, and investors, as necessary.
• Track property performance against original underwriting projections and make recommendations as needed to develop and monitor metrics to improve portfolio physical and economic occupancy and overall financial performance.
• Collaborate with Property Management team to develop strategic plans to achieve both the financial and investment goals of our owners and investors.
• Collaborate with Property Management team to perform regular reviews of portfolio properties and ensure physical aspects of portfolio meets owner, lender, and investor standards. Assist in the development and monitoring of compliance programs as needed.
• Review and advise on organizational documents, agreements, and contracts to ensure document accuracy, protection of company interests, and legal, tax, and other regulatory compliance.
• Oversee partner payments including preferred returns, distributions, and capital repayments and review short term cash flow and credit capacities and maximize waterfall opportunities.
• Oversee and implement refinancing strategies and oversee due diligence for refinancing of…