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Asset Manager

Company: Barvin
Location: Houston
Posted on: January 16, 2022

Job Description:

ASSET MANAGER

COMPANY PROFILE

Barvin is an owner, developer, and manager of multifamily communities throughout Texas and other select markets. Since 2009, Barvin has developed an employee-first culture focused on continuous improvement. The company is focused on being a best-in-class multifamily operator. Today Barvin owns nearly 4K units and manages a portion of that portfolio. The company plans to grow to 16K units by 2027. Barvin is solely owned by Eric Barvin who founded the company.

POSITION

Barvin is seeking a highly motivated and experienced Asset Manager to implement business plans and achieve financial objectives for Barvin's multifamily portfolio. This role will report directly to the COO. The Asset Manager will make recommendations to both property management regarding operational activity and to senior members regarding strategic actions. This position will coordinate Barvin Management, Accounting, and Barvin's Executive Team to ensure that Barvin is working as a unified team focused on the goal of optimizing the financial performance of the investment portfolio while communicating results to Investors.

BEHAVIOR ASSESSMENT

As part of our hiring process, we ask candidates to set aside 5-10 uninterrupted minutes to complete a Predictive Index - Behavioral Assessment. This assessment does not measure intelligence, education, or experience. It simply measures work and communication needs. Any submissions or responses to this position will not be considered complete until this assessment has been completed.

https://assessment.predictiveindex.com/bo/Ea1/AMgr

LOCATION
The role will be based in Houston, Texas with limited travel requirements.

TIMING
Immediate

ASSET MANAGEr -PERSONALITY CHARACTERISTICS

Highly analytical and experienced in comparative analysis.
Assertive and efficient while communicating expectations.
Self-motivated and driven to complete tasks without direct supervision.
Persistent and inquisitive problem solver.

EXPECTATIONS OF ASSET MANAGER

Create and manage business plans related to the investments in the portfolio
Maintain cash flow models to evaluate current and future cash positions, identify refinancing or disposition opportunities, work with Facilities on capital improvement projects, and present findings and recommendations to senior members of the executive team.
Work with Operations to review and present monthly/annual operating statements and budgets including, variance analysis and forecasts to senior management as needed.
Coordinate and lead the property tax protests process.
Interface daily with external partners/operators, contractors, property management team, investment sales and mortgage brokers, vendors, and other consultants.
Prepare and deliver concise presentations to the executive team including recommendations to preserve, enhance and maximize value.
Monitor financial markets with a strong understanding of relevant industry submarkets where properties are held, including interest rate environment and overall economic condition to evaluate ongoing risks and opportunities.
Review monthly financial statements, perform quarterly asset valuations, and assist in the preparation and presentation of materials provided to investors and senior management on a quarterly basis.
Write investor letter narrative on a quarterly basis for all properties in the Barvin portfolio.
Assist in obtaining financing for assets. -Responsibilities would include financial statement preparation and coordination of the due diligence process.
Assist in the sale of assets which is inclusive but not limited to broker interviews, financial statement preparation, and coordination of the due diligence process.

EDUCATION REQUIREMENTS

Bachelor's degree preferably in finance, real estate, accounting, or economics.

WORK EXPERIENCE REQUIREMENTS

3+ years experience in relevant field.
Detail-oriented with exceptional analytical skills and a mastery of financial modeling in Excel.
Open communicator with a collaborative approach and a respectful relationship style with colleagues and consultants.
Eager to work in a fast-paced entrepreneurial environment with the ability to prioritize appropriately and act with a sense of urgency.

COMPENSATION
Competitive base salary
Employee Incentive / Bonus program
Employer subsidized Medical, Vision, and Dental benefits
401K Program w/ employer match
Paid time off
Flexible work schedules employee discount on apartments

Keywords: Barvin, Houston , Asset Manager, Executive , Houston, Texas

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