Asset Manager - MMS Group

MMS Group is seeking an experienced affordable housing Asset Manager based out of our Lanham, MD corporate office.

Duties and Responsibilities

• Maximize total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance
• Work closely with Regional and Property Managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis, approvals and A/R
• Monitor property operations including review of budgets, operating statements, rent rolls, sales reports, and capital improvements
• Prepare necessary monthly, quarterly, and annual reporting for investors and senior management
• Negotiate contracts and oversee implementation of capital improvement and ‘value-add’ programs within the portfolio
• Perform valuations of each asset every quarter, working with analytical staff
• Manage long-term cash flow, distribution analysis, and investment projections
• Model full life cycle financial analysis for each asset from acquisition through disposition
• Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition
• Manage the capital improvement strategies and processes, including oversight of the construction management activities
• Evaluate the local markets to identify changes and trends and the related impact on real estate values and investment strategies
• Work Collaboratively with the acquisition team members in evaluating potential investment opportunities
• Active participation in the acquisition process, conducting due diligence including legal, accounting, engineering, and financial to gain necessary internal approvals and closing, as well as CapEx planning
• Any other related duties as assigned

Qualifications for this position

• Strong financial modeling skills, detailed property-level financial statement analysis, lease management, pro forma analysis and rent-setting evaluation
• Exceptional analytical skills
• Detail-orientated, highly organized, and able to handle multiple concurrent projects
• Able to independently identify and solve key business problems
• Communicating professionally with employees, vendors, and company contacts
• Minimum – Bachelor’s Degree in Accounting, Finance, Real Estate, or related field
• 5 years’ experience in multi-family real estate, analysis/asset management experience, or related field
• Proficient with OneSite – RealPage Residential Property Management Software
• Advanced knowledge of MS Windows, Excel, and Word

About Us:

For fifty years, MMS Group and its affiliates (Arco Management and TUC Management) have been dedicated to quality property management. Our growing portfolio exceeds 40,000 residential units and includes affordable housing cooperatives, subsidized rental properties, supportive housing, and conventional apartment buildings. Our clients include progressive building owners, governmental agencies, real estate entrepreneurs, financiers, not-for-profit organizations, and cooperative and condominium boards. While each community and client are unique, each share our singular commitment to excellence.

Why join our Team?

We invite you to join our growing team of dedicated professionals in a high-tech environment. We offer competitive salaries, benefits, and opportunities for growth and advancement through continuous training and education programs. ?Contact us today to see how you can achieve your MMS Edge.

Perks and Benefits:
MMS Group believes in a healthy work-life balance. Keeping our employees in mind, here is a list of a few benefits we offer:

• Paid Holidays: 12 paid holidays per year.
• Paid Time-Off: Up to 2 weeks PTO in the first year, increasing with tenure.
• Healthcare Plans: Comprehensive Medical, Dental, and Vision plans available after 60 days of employment.
• Health Reimbursement Account: Up to $3K per calendar year.
• Life Insurance: Company-paid life insurance.
• Retirement Savings: Company-matched 401(k) retirement savings plan.
• Certifications and Licensing: Company-paid certifications and licensing.
• And much more!

Are you the person we’re looking for? Apply now. Visit us at www.mmsgroup.com for more details!

Equal Opportunity Employer