Vice President, Asset Management

Vice President Of Asset ManagementCompany Overview: Our client is a high-growth real estate investment sponsor focused on multifamily assets in the Northeast and Mid-Atlantic. Since its founding in 2014, the Firm has rapidly scaled its platform, acquiring properties in eight states, totaling over 7,000 units and more than $2.0 billion of AUM. An affiliated property management company, formed in 2017, provides efficient and integrated community management for the Firm's portfolio. This role offers the opportunity to help shape the asset management function as the platform continues to grow.Position Description: Reporting to the Chief Investment Officer, the Vice President of Asset Management is responsible for leading the strategic oversight and financial performance of our client's multifamily portfolio. This role ensures that each asset's investment thesis is clearly understood, operationally translated, and rigorously executed. The VP of Asset Management functions as the primary steward of portfolio performance, bridging Investments and Operations to drive disciplined execution of business plans, revenue strategy, capital initiatives, and financial targets. The role emphasizes clarity of objectives, efficient communication, data-driven performance management, and consistent accountability across all assets.Primary Responsibilities:Engage with the Investment Team during underwriting and due diligence to validate assumptions and operational feasibility.Develop a comprehensive understanding of each asset's investment thesis, return profile, capital structure, and hold strategy.Lead a structured transition from acquisition to stabilized operations, ensuring clearly documented short- and long-term objectives.Drive execution of asset-level business plans and maintain ongoing alignment with the CIO and Investment Team throughout the hold period.Monitor NOI growth, expense control, capital deployment, and return metrics relative to underwriting; identify variances and implement corrective action plans.Operational Strategy & Revenue ManagementTranslate investment objectives into measurable operational priorities, partnering closely with senior Operations leadership to align expectations and execution.Establish written business plans and revisit them in connection with valuation cycles and pro forma updates.In coordination with the AVP of Revenue Management, develop portfolio-wide pricing strategy and leasing optimization.Oversee rent growth, occupancy targets, leasing velocity, and trade-out performance, leveraging market analytics and automation to ensure revenue strategy supports underwriting and financial goals.Financial Oversight, Capital Planning & ReportingReview and approve annual operating budgets and periodic reforecasts; analyze monthly financial performance and variance reporting.Provide direction and ensure execution of major CapEx initiatives with Operations and Facilities, evaluating return on investment for renovation and value-add strategies.Partner with Finance on refinancings, recapitalizations, and dispositions.Implement simple, consistent KPI reporting frameworks, including weekly performance reporting, standardized across assets to improve comparability and transparency.Leadership & Department DevelopmentEstablish clear performance metrics, expectations, and accountability within the department.Build scalable systems, processes, and reporting tools to support portfolio growth.Promote a culture of analytical rigor, efficiency, and disciplined execution, strengthening reporting clarity to reduce unnecessary meeting burden.Technology, Data & AI EnablementChampion the use of technology, automation, and AI tools to improve efficiency in reporting, forecasting, and portfolio analysis.Evaluate and implement proptech, revenue management, and business intelligence platforms that support data-driven decisions at scale.Partner with Operations and Finance to integrate data across systems, improving the accuracy and accessibility of performance reporting.Stay current on emerging technology trends in multifamily and identify opportunities to apply them across the portfolio.Qualifications:Bachelor's degree in Finance, Real Estate, Business, or a related field; MBA preferred.10+ years of experience in multifamily asset management or institutional real estate investing.Demonstrated experience managing portfolio-level performance and direct reports.Strong financial modeling, analytical, and reporting capabilities.Deep understanding of multifamily operations, capital strategy, and revenue management.Excellent communication and executive presentation skills.Salary:Compensation will be based on experience and include a bonus and benefits.