Asset Management Associate

Looking for an opportunity with a dynamic, fun, and goal-oriented company? We’re growing quickly and we’re looking for some not-so-typical talent to join our team. 
 
Progress Residential® is the largest providers of high-quality, single-family rental homes in the United States. With more than 90,000 homes across some of the fastest-growing markets, our residents appreciate the flexibility, freedom, and convenience of living in a single-family home without the obligations of home ownership. 

Progress is committed to making the home rental process easy and enjoyable for the residents we serve by empowering our team members and investing in innovative systems and technology. Our portfolio has continued to grow substantially the past few years and we see increasing demand for professionally managed single-family rental homes and anticipate continued growth. 

Employment with Progress Residential is conditional on a satisfactory background and drug screen.

Text ProgressJobs to 25000 and you can chat with our Recruiting Assistant Kate who can help you find jobs, apply for jobs and answer your questions.

Description

The Associate, Asset Management will be involved with the asset management, property management  and disposition activities around a portfolio of single family and build-to-rent assets.  Working with the Pretium and Progress Asset Management teams, this role is expected to formulate and implement an asset management program by working across functional teams of Pretium and Progress employees, including key personnel within Executive Leadership, Portfolio Management, Asset Management, Acquisitions, Operations, Pricing and Revenue Management, Accounting, Property Management, and Leasing. This individual is expected to institute best practices and systems to obtain the highest possible return on Pretium’s investments.

The role will be charged with driving property level performance, increasing revenue, improving efficiency, and scaling operational excellence. Additional responsibilities include developing budgets and answering operational and financial questions from internal departments.

Responsibilities

• Support the Asset Management team in regular oversight and analytical assistance of single-family rental and BTR portfolios.

• Review periodic reports with leasing, occupancy, and trend information and follow up with any questions regarding activity from the prior period.

• Prepare quarterly updates on the financial and operational performance of the properties, highlighting any outliers or notable variances, with explanations of variances.

• Coordinate with other departments and respond to requests for property-level data and metrics to report to investors, lenders, and partners.

• Communicate analyses to key stakeholders so that informed key strategic decisions may be made.

• Participate in annual operating and capital expenditure budgeting process.

• Assist in preparing and presenting annual business plans.

• Assist in the transition of properties from Acquisitions to Asset Management and Property Management.

• Review and evaluate proposed lease terms and capital expenditure requests.

• Review and evaluate monthly P&L’s and operating reports.

• Review quarterly valuations, including internal fair market values, third-party valuations, and annual appraisals.

• Provide reporting and analytical support to senior management as requested.

• Ad-hoc duties as required.

Qualifications

• 5+ years relevant real estate experience at Real Estate Company, Regional or National Property Management Firm and/or Real Estate Focused Lending Institution.

• Strong background in Excel required, Salesforce/Yardi experience preferred.

• Strong knowledge of and experience in the property management of single family rental homes.

• Strong written and verbal communication skills to successfully manage internal and external relationships.

• Must be able to work independently, prioritize multiple tasks effectively, take on additional responsibility, and have strong attention to detail.

• Sound judgment with the ability to identify the relevant questions and important issues when evaluating a situation.

• Have a genuine desire to excel in the execution of their work and express a passion for their role.

What you can expect from us:

Progress Residential® offers all the financial and non-financial incentives you would expect from an innovative real estate investment and management firm:

• In addition to outstanding training, we host quarterly summits and town hall meetings to encourage growth, knowledge sharing and a good time. After all, it’s about progress, not perfection. 

• We offer competitive compensation, including a performance-based bonus.

• Our generous benefits package includes comprehensive healthcare coverage for you and your family, parental leave, paid time off, 401k match, 10 paid holidays and much more.
   

Closing Statement:
This summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s supervisor at any time based upon Company need.
 
Progress Residential® is a proud Equal Opportunity employer, m/f/d/v. 
 

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