Qureos Mentor

Bluecrest Residential

<div>
 
 100% REMOTE
 
 
 
 Bluecrest Residential (&ldquo;Bluecrest&rdquo;) is a privately owned real estate investment company founded in 2004. Bluecrest principals have owned and operated a multifamily portfolio totaling more than 16,000 units and in high-growth secondary markets. Bluecrest&rsquo;s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.
 
 
 Since 2018, Bluecrest principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecrest principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception. Going forward, Bluecrest is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.
 
 
 As the
 
 Director of Portfolio Management
 
 , you will be the strategic architect of reporting and managing LP investors for our multifamily investment vehicle. You will oversee the lifecycle of a high-volume residential portfolio funded by global pension plan capital.
 
 
 This position is focused on the macro health and strategic performance of the entire fund. You will ensure that property-level execution aligns with the long-term liability-matching needs of our pension partners, maintaining a rigorous focus on fiduciary standards and ILPA transparency.
 
 
 
 Responsibilities
 
 
 
 
 Strategic Portfolio Oversight
 
 
 
 <ul>
 <li>
 Fund Strategy: Act as the internal LP voice to ensure portfolio execution aligns with the stated investment thesis, provides optimal diversification across geographies, vintages, and multifamily sub-types (e.g., Garden-style vs. Mid-rise).
 </li>
 <li>
 Fiduciary Leadership: Act as a primary fiduciary for pension plan LPs, ensuring all investment decisions and capital allocations meet the strict risk-return profiles of institutional retirement funds.
 </li>
 <li>
 Hold/Sell Analysis: Lead the quantitative assessment for dispositions and recapitalizations, balancing the need for realized gains with the long-term cash flow requirements of our investors.
 
 
 </li>
 </ul>
 
 Performance &amp; Financial Governance
 
 
 
 <ul>
 <li>
 Valuation Management: Direct the quarterly valuation process under institutional standards, coordinating with third-party appraisers and internal deal teams to ensure "bulletproof" marks for audit.
 </li>
 <li>
 Risk Mitigation: Monitor portfolio-level risk, including interest rate exposure, insurance cost volatility, and regulatory changes (e.g., rent control legislation) that impact the long-term yield.
 </li>
 <li>
 Capital Allocation: Oversee the funding of major capital expenditure (CapEx) programs across the portfolio, ensuring value-add initiatives are delivering the underwritten ROI.
 
 
 </li>
 </ul>
 
 Institutional Investor Relations
 
 
 
 <ul>
 <li>
 LP Reporting: Own the end-to-end delivery of quarterly institutional reporting packages, utilizing ILPA and GIPS standards to provide best-in-class transparency.
 </li>
 <li>
 Strategic Liaison: Serve as a key point of contact for Pension Plan Investment Officers and Consultants, presenting portfolio performance, market outlooks, and ESG/DEI initiatives.
 </li>
 <li>
 Side Letter Compliance: Ensure the fund adheres to all specific LP side letters, including concentration limits and reporting nuances.
 
 
 </li>
 </ul>
 
 Operational Infrastructure &amp; Team Leadership
 
 
 
 <ul>
 <li>
 Systems Architecture: Evaluate and optimize portfolio management technology (e.g., Yardi, RealPage, etc.) to automate data collection and improve the speed of "top-down" analysis.
 </li>
 <li>
 Cross-Functional Collaboration: Partner with the Acquisitions team to ensure "portfolio fit" for new deals and with Asset Management to drive property-level NOI performance.
 </li>
 <li>
 Mentorship: Lead and develop a team of portfolio analysts, fostering a culture of technical excellence and institutional rigor.
 
 
 </li>
 </ul>
 
 Requirements
 
 
 
 <ul>
 <li>
 Education: Bachelor's Degree in Finance, Real Estate Economics, Accounting, Business or related field required. MBA, CFA, or CPA preferred.
 </li>
 <li>
 Experience: You have Seven to Fifteen of experience in Real Estate Private Equity, with at least 5 years specifically focused on Multifamily assets. Experience in a portfolio management role is a must and it is a double-bonus if you have experience in asset management as well.
 </li>
 <li>
 Institutional Pedigree: You have Significant experience managing capital for Public or Corporate Pension Plans (e.g., CalPERS, NYSTRS, GIC) is highly preferred.
 </li>
 <li>
 Technical Mastery: Fluency in fair value, ILPA and GIPS performance standards.
 </li>
 <li>
 Soft Skills: Exceptional ability to translate property-level operational data into high-level strategic insights for a Board of Trustees.
 
 
 </li>
 </ul>
 
 Benefits
 
 
 
 
 Competitive Salary-
 
 The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be the number of years the candidate has as a Portfolio Manager in multifamily real estate
 
 
 
 Bonuses
 
 - This role may participates in short-term performance-based bonuses and have a long term compensation incentive plan.
 
 
 
 Paid Time Off
 
 - Unlimited DTO starting upon hire.
 
 
 
 Mentorship-
 
 Work with an experienced team of multifamily investment professionals.
 
 
 
 Holiday Pay
 
 - 10 full paid holiday.
 
 
 
 Paid Volunteer Hours
 
 - 8 hours of paid volunteer time you can use throughout the year.
 
 
 
 Housing Discounts
 
 - 25% off rent available for all employees off any unit.
 
 
 
 Comprehensive Insurance Benefits
 
 - Medical PPO, HDHP, FSA, HSA with employer match
 
 
 Dental, Vision, STD, &amp; LTD.
 
 
 
 Retirement Plan
 
 - 401K with a 25% company match up to 6%.
 
 
 
 Certification Reimbursement
 
 - Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!
 
 
 
 Tech Forward &amp; Transparent Culture
 
 - Innovative internal software to make your job easier!
 
 
 
 Cultural Appeal
 
 - We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!
 
 
 EOE
</div>

Director of Portfolio Management - Multifamily

<div>
 Bluecrest Residential (&ldquo;Bluecrest&rdquo;) is a privately owned real estate investment company headquartered in Newport Beach, CA. Bluecrest principals have owned and operated a multifamily portfolio totaling more than 16,000 units and in high-growth secondary markets. Bluecrest&rsquo;s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.
 
 
 Since 2018, Bluecrest principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecrest principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception. Going forward, Bluecrest is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.
 
 
 Bluecrest is adding an
 
 Asset &amp; Investment Management
 
 
 Analyst
 
 to support our multifamily investment team in Newport Beach, CA. This role offers direct exposure to all aspects of the investment lifecycle, working closely with senior leadership on portfolio monitoring, construction management, investor reporting, and complex investment situations. The Analyst will play a key role in evaluating investment performance, identifying risks and opportunities, and supporting strategic decision-making across the portfolio.
 
 
 The
 
 Asset &amp; Investment Management Analyst
 
 focused on asset management and portfolio operations (75% of time), while also providing direct exposure to acquisitions, underwriting, and investment team initiatives (25% of time).
 
 
 
 Key Responsibilities
 
 
 
 <ul>
 <li>
 Acquisitions &amp; Underwriting
 </li>
 <li>
 Build and maintain detailed financial models for multifamily acquisitions and development projects
 </li>
 <li>
 Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance
 </li>
 <li>
 Support investment reporting materials, including memos, return analysis, and scenario modeling
 </li>
 <li>
 Assist in due diligence processes, including review of third-party reports and financial data
 </li>
 <li>
 Construction &amp; Development Oversight
 </li>
 <li>
 Track construction progress, budgets, and timelines across active development projects
 </li>
 <li>
 Analyze cost-to-complete, draw requests, and construction variances
 </li>
 <li>
 Assist in evaluating change orders, contractor performance, and project risks
 </li>
 <li>
 Coordinate with developers and internal teams on construction-related reporting and requirements
 </li>
 <li>
 Portfolio Monitoring &amp; Reporting
 </li>
 <li>
 Prepare monthly and quarterly portfolio reporting materials for internal and investor use
 </li>
 <li>
 Perform variance analysis against underwriting and reforecast projections
 </li>
 <li>
 Support cash flow forecasting and performance tracking across investments
 
 
 </li>
 </ul>
 
 Investment Memos &amp; Special Situations
 
 
 
 <ul>
 <li>
 Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios
 </li>
 <li>
 Prepare analytical memos with clear recommendations for senior leadership
 </li>
 <li>
 Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions
 
 
 </li>
 </ul>
 
 AI &amp; Process Optimization
 
 
 
 <ul>
 <li>
 Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline underwriting, reporting, and workflows
 </li>
 <li>
 Help develop and refine internal processes to improve efficiency and scalability
 </li>
 <li>
 Identify opportunities to automate recurring analyses and enhance data quality
 
 
 </li>
 </ul>
 
 Requirements
 
 
 
 <ul>
 <li>
 Bachelor's Degree in Finance, Economics, Accounting, Business or related field.
 </li>
 <li>
 You have at zero-four years of experience in multifamily real estate private equity, or investment banking.
 </li>
 <li>
 You have strong financial modeling skills in Excel (ability to build and audit models)
 </li>
 <li>
 You are proficient in PowerPoint and have experience preparing investment materials
 </li>
 <li>
 You have strong analytical skills with experience working with large datasets (rent rolls, T-12s, budgets)
 
 
 </li>
 </ul>
 
 Preferred Requirements
 
 
 
 <ul>
 <li>
 You have at least one year of experience with multifamily underwriting and development projects
 </li>
 <li>
 You have experience with construction budgets, draw processes, and cost tracking
 </li>
 <li>
 You have exposure to AI tools or interest in applying technology to investment workflows
 
 
 </li>
 </ul>
 
 Benefits
 
 
 
 
 Competitive Salary-
 
 The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be 0-4 years underwriting multifamily acquisitions. We anticipate the salary range to be from $80,000 to $110,000.
 
 
 
 Performance Bonuses
 
 - Our corporate team participates in performance-based bonuses.
 
 
 
 Paid Time Off
 
 - Unlimited DTO starting upon hire.
 
 
 
 Mentorship-
 
 Work with an experienced team of multifamily investment professionals.
 
 
 
 Holiday Pay
 
 - 10 full paid holiday.
 
 
 
 Paid Volunteer Hours
 
 - 8 hours of paid volunteer time you can use throughout the year.
 
 
 
 Housing Discounts
 
 - 25% off rent available for all employees off any unit.
 
 
 
 Comprehensive Insurance Benefits
 
 - Medical PPO, HDHP, FSA, HSA with employer match
 
 
 Dental, Vision, STD, &amp; LTD.
 
 
 
 Retirement Plan
 
 - 401K with a 25% company match up to 6%.
 
 
 
 Travel &amp; Personal Discounts
 
 - Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).
 
 
 
 Certification Reimbursement
 
 - Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!
 
 
 
 Tech Forward &amp; Transparent Culture
 
 - Innovative internal software to make your job easier!
 
 
 
 Cultural Appeal
 
 - We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!
 
 
 EOE
</div>

Asset & Investment Management Analyst - Multifamily Private Equity

Join Bluecrest Residential and explore 2   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Bluecrest Residential

About Company

Director of Portfolio Management - Multifamily

Asset & Investment Management Analyst - Multifamily Private Equity