Asset Manager

What we do and why we do itAs the leading end-to-end investment platform for single-family rental homes (SFR), our mission is to make real estate investing radically accessible, cost effective, and simple. We successfully merge our passion for helping investors build wealth through real estate with cutting edge technology that transforms the way they do it.How it’s going (and growing)With a talented team of 750+ Roofsters, our collaborative, can-do culture is what fuels our growth. In 2022, we closed on our Series E, raising $240 million, and have offices in California, Texas, and New York as well as many remote opportunities. Our growth includes recent acquisitions of Stessa (financial and asset management software), RentPrep (tenant screening and placement service for landlords), and Mynd (property management platform for both Retail and Institutional investors).About the RoleRoofstock is looking to hire an analytical, entrepreneurial, and experienced Asset Manager to join the Asset Management team. This team player will be intimately familiar with the mechanics of optimizing rental properties, regardless of geographic location, to produce desired outcomes for investments of varying classes, and manage the operational nuances of various investor types. The Asset Management team will apply their expertise to influence all high value operating decisions with the goal of maximizing NOI and helping our investors achieve their goals, all while providing excellent service. The Asset Manager will advise our property managers at a regional market level through all crucial decisions in the investment lifecycle including leasing, marketing, renewals, rent recommendations, revenue management, turns, value-add capex, budget review, variance analysis, portfolio expansion and dispositions. The Asset Manager will play a critical role in monitoring market and investor performance trends to shape strategic initiatives company wide. The Asset Manager will enhance company performance through model maintenance, reporting development, and performance evaluation.ResponsibilitiesLeverage your experience to optimize the portfolios of our investorsPartner with internal data teams to create visibility into operational performanceDerive insights from operating performance aimed at enhancing NOIPerform high volume rent underwriting analysis on new and existing portfolio propertiesProvide input on the asset management playbookDevelop an in-depth understanding of institutional partners and produce outcomes aligned with their goalsDevelop and track budgets and budget to actual trend analysisLead regional market meetings and goal setting that drive performance that focuses on occupancy, renewal performance, turn performance, and service trends for various regionsProvide input and development on process SOPs that are used by cross functional teamsMonitor the performance of recently acquired assets and influence future acquisitions by providing data driven insightsComplete hold sell analysis for low or troubled performing assets on a periodic basisAdvise the Buying Team on market trends, real estate opportunities and buy box strategiesDevelop and implement inventory and revenue management strategiesReview and evaluate monthly / quarterly operating performance and make operational recommendations to achieve desired outcomesProduce financial reports and maintain models for lender tape deliverablesMonitor performance metrics and compile and deliver results quarterly to our institutional partnersMaintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations and acquisitionsOccasional market visits requiredAd-hoc reporting as neededQualifications3-5 years of asset management experience of multifamily or SFR propertiesBachelor’s Degree, or equivalent relevant experience requiredExtreme attention to detail with organizational, time management and follow-up skillsHighly analytical, with strong quantitative skills and mathematical aptitudeProficient in Microsoft Excel financial modeling leveraging large datasetsExperience building ad hoc KPI reports to derive actionable insightsStrong negotiation skills and an ability to interface with high-level institutional investorsAbility to manage multiple projects independently while collaborating with cross-functional teamsExcellent written and verbal communication skillsBias toward action; self-driven and intrinsically motivated with ability to prioritize and meet deadlinesHigh degree of comfort with change, technology and ambiguityExperience working in a high-tempo, high-growth, team-oriented organizationLocationThis position is classified as REMOTE within the Greater Dallas-Fort Worth Area. Travel required: Must be able to make occasional market visits; about 10% of the timeTravel may be required for training + offsites Competitive & Unique Benefits PackageGenerous PTO Policy13 Paid HolidaysVolunteer Time OffPaid Parental Leave401k ProgramWellness and home office/cell phone subsidiesRobust health, dental, vision insurance, and moreMust be authorized to work in the U.S. is a precondition of employment and we are unable to sponsor H1-B Visas at this time.Any offer of employment is conditioned upon the successful completion of a background investigation. Commitment to Equal Employment Opportunity The company provides equal opportunity in all of our employment practices to all qualified employees and applicants without regard to race, color, religion, sex, gender, gender expression, gender identity, national origin, ancestry, citizenship, age, physical or mental disability, marital status, sexual orientation, military or veteran status, genetic information or any other category protected by federal, state and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training and social, and recreational programs. All such employment decisions will be made without unlawfully discriminating on any prohibited basis.#LI-REMOTE