SVP, Portfolio Management
SVP, Portfolio Management
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$ 200000 - 245000
1 Vacancy
Job Description
About Waterton
Waterton has grown from very humble beginnings with one phone and two desks to the successful nationally recognized real estate investment and management firm it is today. As Waterton has evolved and grown one thing has remained constant - the drive to achieve results by exceeding almost 30 years Waterton remains passionate aboutdelivering an incredible Resident Experience which we believe is made possible by offering an extraordinary experience for our talented associates. We value performance that delivers experiences that exceed expectations coupled with an unwavering commitment to Investor Guest and Resident service excellence. Overall we are a collection of people who strive daily to find the good and leave it better.
Job Summary
The Senior Vice President Portfolio Management is responsible for multifamily investment strategies portfolio construction and diversification strategies and the execution of portfolio business plan strategies and fund/venture compliance. The role focuses on investment strategy and portfolio performance for specific portfolios currently a Waterton Venture consisting of 29 investments including 27 apartment communities totaling 9292 units a 272 single family rental home portfolio and a mezzanine loan. The SVP Portfolio Management will direct and manage asset managers and portfolio management analyst(s) in providing analytical and reporting functions including appraisal and valuations hold sell evaluations real estate tax lender and commercial leasing administration.
General Responsibilities:
- Responsible for implementing the investment strategy for select multifamily funds with a goal to optimize the portfolios performance and maximize their values.
- Collaborates with Investment Committee to assess the risks opportunities and weaknesses of potential apartment investments identified for the fund.
- Manages the execution of each portfolios investment strategy by working alongside various functions across Waterton.
- Responsible for managing and mentoring asset managers and analyst(s).
- Responsible for the preparation of quarterly internal valuations (real estate and debt) in conformity with Waterton policies and procedures investor operating agreements and requirements and industry standards.
- Oversees the completion of hold/sell analyses and provides sale and finance recommendations to the Investment Committee.
- Reviews and approves internal valuations & third-party appraisal reports for recommendation to Watertons Valuation Committee.
- Provides guidance and approval to property and capital program management for operating and capital improvement annual business plans & budgets to meet fund strategic business plan objectives and ensure appropriate return on investment.
- Monitor operating results and variances to business plan and recommend adjustments accordingly
- Oversees fund and joint venture cash flows distributions and IRR projections and review returns and other analytics prepared by Accounting for Ventures/accounts.
- Participates in investor meetings and in the preparation of materials with Investor Relations for assigned funds.
- Establishes and maintains a good relationship with investors joint venture partners brokers lenders and consultants.
Education
Bachelors Degree required preferably in Business Real Estate Finance or other relevant field. MBA strongly preferred.
Experience
- Minimum ten (10) years of progressive related real estate asset and portfolio management experience required with a minimum of two (2) years at a senior level managing others and collaborating with investors.
- Experience in a multi-family environment and fund management preferred; experience with commercial/mixed use assets a plus.
- Proven ability to effectively communicate and present in a variety of settings and among diverse styles and position levels.
- Comfortable making sound decisions even in the absence of complete information. Relies on a mixture of analysis wisdom experience and judgment when making decisions.
Travel
Travel is required up to 50%. Candidates should possess a valid drivers license.
How we will recognize and reward you:
At Waterton we recognize that compensation and benefits are important to our associates. We offer a wide variety of benefits including:
- Competitive compensation and incentive program participation
- Full suite of benefits including Medical Dental Life Disability and even pet insurance
- 401K match
- Generous paid time off volunteer time off and paid holidays
- A commitment to life-long learning through learning plans that include internal and external trainings with LinkedIn Learning as well as consideration for tuition reimbursement
- Employee discounts and wellness initiatives likes an onsite gym
- Hybrid work environment (based on business or position need)
The typical base salary hiring range for this role is $200000.00-$245000.00 per year plus bonus program participation.
The pay range is a base pay only and does not include any additional compensation or bonuses that this position may be eligible for. The pay range is approximate and the actual pay may vary depending on related work experience certifications education and other job related factors.
Waterton welcomes all.
Waterton is an equal opportunity applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender perception or identity national origin age marital status protected veteran status or disability status.
Required Experience:
Senior Exec
Employment Type
Full-Time
