Asset Manager

Company Overview:

Cottonwood Group is a privately-held real estate investment and management firm with over $2 billion in assets under management. We are seeking a candidate with asset management experience in commercial and/or residential real estate.  If you are a successful professional interested in further developing your skills in a fast-paced environment, this is an ideal opportunity for you.

Position Overview:

This position will initially be responsible for managing a multi-family project in Boston, working with senior management and selected third-party property manager to spearhead the development of business plans, budgets, financial reporting, leasing, and capital plans for the project, with a view to strengthen its market position, cash flow and long-term value.  Responsibilities may be expanded to cover new investments or other portfolio assets depending on performance.

Key Responsibilities:

• Working with property management company and general manager on all matters related to the opening of the building, including the establishment of SOPs.
• Preparing annual business plans for the asset to achieve pre-determined investment goals.
• Developing budgets and financial performance model that properly capture and allocate all appropriate revenues and expenses.
• Creating operating budgets and capital budgets and preparing variance analysis.
• Performing monthly, quarterly and annual presentations of financial results and forecasts to senior management, clients and investors.
• Working with Investments Team to analyze the project operating results, making recommendations based on market trends.
• Collaborating closely with senior management to ensure continual alignment with the overall company strategy.
• Developing and executing profit initiatives to enhance the asset / portfolio performance, including the development of rental rate and occupancy strategies and leasing programs.
• Conducting regular visits to the property and working closely with the property management team on physical inspections and tenant relationships.
• Maintaining and optimizing vendor relationships for cost and performance.
• Collaborating with the Investments Team on underwriting, due diligence and business plan for new acquisitions special projects.

Requirements and Qualifications:

• Bachelor’s degree in Real Estate Finance or related field required; Master’s degree preferred
• Minimum 5+ years’ experience in commercial real estate investments, preferably in multi-family related investments
• Successful experience in managing multiple properties
• Background in real estate acquisitions and asset management
• Overall proficiency in commercial real estate underwriting
• Ability to handle confidential and sensitive materials with discretion
• Ability to handle and perform detailed financial analysis on real estate assets
• Good communication and presentation skills
• Demonstrates strong interpersonal, collaboration and leadership skills
• Desire to grow, apply and advance existing skill-sets
• Demonstrates proficiency in MS Office and Yardi system