Associate Asset Management
Associate Asset Management
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$ 125000 - 135000
1 Vacancy
Job Description
WHO WE ARE
JBG SMITH a Maryland real estate investment trust owns operates and develops mixeduse properties concentrated in amenityrich Metroserved submarkets in and around Washington D.C. most notably National Landing that we believe have longterm growth potential and appeal to residential office and retail tenants. Through an intense focus on placemaking JBG SMITH cultivates vibrant highly amenitized walkable neighborhoods throughout the Washington D.C. metropolitan area. Approximately 75.0 of our holdings are in the National Landing submarket in Northern Virginia which is anchored by four key demand drivers: Amazons headquarters; Virginia Techs $1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. In addition our thirdparty asset management and real estate services business provides feebased real estate services.
JBG SMITHs dynamic portfolio currently comprises 14.2 million square feet of highgrowth office multifamily and retail assets at share 99 of which are Metroserved. It also maintains a development pipeline encompassing 8.8 million square feet of mixeduse primarily multifamily development opportunities.
LEO Impact Capital a subsidiary of JBG SMITH is a leader in impact investing dedicated to unlocking access to opportunity for both investors and residents. With a portfolio of over 3000 units we focus on preserving affordability for essential community workerssuch as teachers healthcare professionals and first responderswho contribute to thriving neighborhoods. Supported by the extensive real estate expertise of our NYSElisted parent company JBG SMITH our dedicated team is committed to making a meaningful difference in the communities we serve.
POSITION SUMMARY
The Associate will serve as Senior Asset Manager for LEOs owned and managed multifamily assets ensuring optimal performance and alignment with the companys mission of generating positive social and environmental impact alongside financial returns. The incumbent will also lead the development of asset management processes and procedures to support the platforms growth and geographic expansion requiring material experience with asset management and business operations.
WHAT YOULL DO
- Monitor and report on ongoing asset operating performance to internal and external stakeholders
- Manage:
- 3rd Party Property managers & resident services provider
- Annual business plan approvals
- Property Audit approvals/review
- Property tax appeals
- Property insurance
- Manage day to day relationships with Owners JV Partners and stakeholders
- Oversee
- Delinquency & eviction management
- Compliance reporting (eg PILOT HAP contract)
- Sustainability & CAPEX ROI Projects
- Project evaluation/scoping
- Funding/Grant Management
- Reporting
- Support Investments team with acquisitions preclosing & onboarding of new properties
- Assess and develop data management tools and procedures to integrate and analyze data from multiple platforms
- Perform regular site visits to existing properties to assess operations
WHAT YOULL NEED TO SUCCEED (REQUIREMENTS)
- Bachelors degree in Finance Business Administration or a related field.
- Minimum of 35 years of experience in asset management investments or related fields with a focus on multifamily real estate.
- Proven track record of managing diverse investment portfolios and achieving financial targets.
- Strong analytical skills and demonstrated ability to innovate and drive efficiencies.
- Excellent communication and interpersonal skills with the ability to influence and engage stakeholders at all levels.
- Willingness to adapt to change and mitigate uncertainty.
- Commitment to the principles of impact investing and familiarity with Income Certification/Compliance management resident services delivery and the delivery of sustainability projects are an asset.
The salary range for this position is$125000 to $135000 annually. In addition to base salary a discretionary bonus will be offered. The bonus is a generous portion of an employees total compensation package. Please note that the salary range information provided is a general guideline. It is uncommon for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on a variety of factors. JBG SMITH considers factors such as (but not limited to) scope and responsibilities of the position candidates work experience candidates work location education/training key skills internal peer equity external market data as well as market and business considerations when making compensation decisions.
JBG SMITH is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin age status as a protected veteran disability sexual orientation genetic information or any other protected class in accordance with applicable law.
Required Experience:
IC
Employment Type
Full-Time
