Asset Manager

OVERVIEW:

Based in San Francisco, Jackson Square Properties (JSP) is a private equity real estate investment firm specializing in multifamily properties. The company has grown to over seventy-five communities, totaling over 19,000 units in six states. JSP focuses on the acquisition and management of large apartment complexes nationally. As a small and entrepreneurial company, JSP will offer candidates the opportunity to be involved in all aspects of portfolio management.

OBJECTIVES:

The primary function of the Asset Manager is to assist with all aspects of the administrative, financial, capital, and operational functions of the assigned portfolio.

ESSENTIAL FUNCTIONS:

This position is dynamic, and the role changes as the business and macroeconomic conditions evolve. In general, the position is responsible for the following.

• Oversee third-party property managers and portfolios.
• Ability to travel up to 30% of the time in the central/mountain and western United States.
• Propose goals and objectives for each property.
• Assist in the preparation and approval process of property operating budgets.
• Monthly, quarterly, and annual reporting of the portfolio.
• Oversee the design and implementation of the Capital and Renovation plans for each region in conjunction with the in-house Construction Manager.
• Work with lenders to coordinate escrow draws, completion repairs, benchmarking, and required forms.
• Monthly review of operating statements.
• Assist in the due diligence and underwriting of potential acquisitions.
• Financial analysis, market studies, and industry standard reporting (i.e., variance reporting, discounted cash flows, IRRs, etc.)
• Ability to work in a fast-paced work environment that requires strong leadership, communication, and decision-making skills.
• Strong independent work skills with the ability and tact to follow direction as given.

CONTACTS AND LIAISONS:

This position will come into contact with senior management, vendors, etc. Diplomacy, tact, and a helpful, positive, professional presentation and attitude are required. The correct individual will be self-motivated to fill downtime with learning about the existing portfolio; they will have a high level of integrity with both their time and their mannerisms; and they will have a personality that thrives in an unstructured environment that provides a variety of opportunities and responsibilities. Finally, the proper candidate must be able to listen and grow in a fast-paced environment.

TRAINING & EDUCATION:

Bachelor's degree required with a concentration in business, finance, accounting and/or real estate.

EXPERIENCE & SKILLS:

Five to seven years of senior property management, asset management or Multifamily Real Estate experience required

COMPENSATION:

Competitive salary with a generous benefits package that includes health and 401K options. No relocation package is offered. EOE

ADDITIONAL CONSIDERATIONS:

Jackson Square Properties is headquartered in the San Francisco Bay Area and currently observes a hybrid work schedule. This position is based in San Francisco. Class A, lease-up is a plus, but not required.

Pay: $150,000.00 - $200,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off

Experience:

• Multi Site Multifamily Property Management: 5 years (Preferred)

Ability to Commute:

• San Francisco, CA 94111 (Required)

Willingness to travel:

• 25% (Required)

Work Location: Hybrid remote in San Francisco, CA 94111