Reliant Group Management, LLC-Associate Asset Manager
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Job Location
San Francisco Bay Area or Southern California
About
Reliant Group Management, LLC is a San Francisco based private equity firm with a nationwide presence. We specialize in acquiring high quality assets in opportunistic situations utilizing creative financing methods including low income housing tax credits and tax-exempt housing revenue bonds. We reposition and/or restructure existing multifamily rental properties in order to create value and improve the livelihood of our tenant base. We are also engaged in developing new market rate, Class A multifamily communities in the western United States.
We are currently investing our ninth fully discretionary equity fund focused on acquiring, developing, and operating both affordable and market rate multifamily rental properties located in major western, southwestern and southern U.S. markets. Reliant Group Management has acquired over $2 billion of debt and equity in a variety of real estate transactions since the firm was founded in 1993. We have acquired over 21,000 units of multifamily housing at a price in excess of $2 billion dollars. The current portfolio consists of more 76 communities with more than 13,000 units nationwide. The investment strategy of Reliant Group Management is centered on the premise that scarce, but powerful stimulants to value creation reside with motivated people, original ideas and exacting execution. For more information, please refer to our company website at www.reliantgroup.com.
RESPONSIBILITIES:
We are currently seeking an Associate Asset Manager to join the team. While the successful candidate may work on a remote basis, there is a strong preference that the candidate is located in the San Francisco Bay Area or Southern California. The associate will initially have responsibility for the operational and financial performance of a number of multifamily properties within the Company’s portfolio. Specifically, the successful candidate will:
Manage the performance of their assets through direct oversight of in-house and third party property management firms, including leasing strategies, expense management, and operational performance.
Monitor specific performance measures on a weekly and monthly basis to identify trends and opportunities; analyze monthly operating statements against budgets. Provide regular updates to senior management.
Participate in the development of financial budgets, operating goals and strategic objectives; recommend, implement, and administer methods and procedures to enhance operations. Plan, design, and implement approaches to improve NOI.
Evaluate relative performance of portfolio and identify areas of improvement; communicate recommendations to local property managers and monitor implementation of performance measures.
Work within the Asset Management department to foster a culture of best practices and teamwork.
Work with the Acquisitions and Construction Management departments to assist as necessary and ensure smooth and frequent communication on projects.
Monitor all financial reporting requirements and provide necessary information to lenders, insurance providers and bond trustees.
Perform miscellaneous additional duties as assigned.
MINIMUM JOB REQUIREMENTS:
Bachelor's degree. Two to three years relevant experience in the operations and management of large multifamily real estate assets.
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
Proficiency in Microsoft Excel.
Experience with property management software, Real Page preferred.
Ability to communicate effectively, both orally and in writing.
Commitment to excellence and strong attention to detail.
Ability to investigate and analyze information and to draw conclusions.
Ability to work both independently and as part of a team.
Ability to work on numerous projects simultaneously.
Desire to work an entrepreneurial, fast pace environment
Compensation: Commensurate with experience. Benefits include company 401(k), and paid health and dental insurance premiums.