Senior Asset Manager

Founded in 2011, Timberlane Partners is one of the most active Seattle-based real estate investment, development, and asset management companies specializing in multifamily real estate. Led by an experienced team, Timberlane has successfully acquired and developed nearly $2 billion of real estate assets throughout the West Coast and Mountain West. We pride ourselves on our disciplined, entrepreneurial approach, fostering long-term partnerships, and consistently delivering outstanding risk-adjusted returns.

We are seeking a candidate with the ambition to scale aggressively.

ABOUT THIS POSITION:

We are looking for a Senior Asset Manager to join our growing team. This role is specifically designed for a professional with 8+ years of experience with an emphasis in multi-family. This position will support all aspects of our multi-family and hospitality asset management processes. You will be an invaluable part of our team and will have a significant opportunity for growth.

This position reports to the Director of Asset Management. This position is Seattle based with flexibility to work-from-home 1 day a week.

Job Title: Senior Asset Manager

Job Type: Full-time

Location: Seattle, WA (Hybrid – minimum 4 days/week in office)

Reports to: Director of Asset Management

PRIMARY RESPONSIBILITIES:

• Directly responsible for overseeing 6-10 multi-family assets.
• Skilled at partnering with property management to execute business plan and leasing strategy.
• Build financial models of existing assets: cashflow projections, disposition analysis, etc. Strong understanding of IRR calcs, waterfalls, etc.
• Mentor Asset Managers with some direct reports long-term.
• Review annual operating budgets and monthly financial statements to ensure income and expenses are in-line with expectations and identify areas of opportunity.
• Present to company leadership, capital partners/investors, and other partners on asset performance.
• Partner with Construction Services and GCs to ensure value-add projects stay on-budget and on-time.
• Perform on-site visits with property management.
• Support quarterly investor reporting.
• Effectively communicate and collaborate with the accounting, acquisitions, and development teams to achieve cohesive business plan execution.
• Track market conditions and marketing efforts to help inform strategic planning.
• Assist as needed on reviewing loan docs, operating agreements, etc.
• Plus:
  Strong understanding of debt. Opportunity to work closely with Managing Director, Portfolio Management on re-finances, re-capitalizations, and dispositions.

Successful Candidate Attributes:

• Ability to present analysis in a clean and succinct way to help facilitate quick decision making by leadership.
• Ability to perform multiple tasks concurrently and respond to emergent situations effectively.
• Adept relationship builder with partners (Property Management, Capital Partners, etc.)
• Thrives and enjoys working in a hands-on, collaborative environment where no two days are the same. Comfortable with ambiguity.
• Very organized, prioritizes well, thinks logically, and utilizes critical thinking to make decisions.
• Proven self-starter with a healthy work ethic and inquisitive mind. Takes initiative and confidence to get execute efficient and accurately with minimal oversight.
• Team player with a strong sense of personal accountability, responsibility, and integrity.
• Knowledge of construction and/or overseeing value-add multi-family projects is a plus.
• Knowledge of hotels is a plus but not essential.
• Demonstrated success working in a very dynamic, constantly changing environment.
• Strong verbal and written communication skills and the ability to interact and maintain effective relationships with professionals at all levels.

Minimum Qualifications:

• 8 or more years of commercial real estate related work with emphasis in multi-family.
• Direct experience reviewing operating budgets, rent rolls, underwriting models, etc.
• Bachelor’s degree in finance, real estate, or commensurate relevant work experience. Graduate degree preferred.
• Deep understanding of commercial real estate finance and property operations.
• Advanced knowledge of Microsoft Excel and other MS Office programs.

COMPENSATION:

• Full-time, salaried position, $150,000-$175,000 annually plus merit based annual discretionary bonus
• Employer-paid premiums for medical, dental, and vision coverage
• Health Care and Dependent Care Flexible Spending Accounts
• Employer-paid life insurance
• Long-term disability insurance
• Employee Assistance Program
• 401(k) plan with employer-matched of up to 4%: 100% of the first 3% contributed, 50% of the next 2%
• 20 days of paid time off (PTO)
• 10 paid holidays

APPLICATION PROCESS:

Please visit  and click ‘Apply’ - this will redirect you to the Linked In job posting to submit your resume.

Timberlane is committed to a diverse and inclusive staff. We are interested in hearing from people who can work with diverse communities. Candidates of all backgrounds are strongly encouraged to apply.