Investment Manager at The Michaels Organization

Camden, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

26 May, 26

Salary

120000.0

Posted On

25 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset Performance Monitoring, Risk Identification, Capital Planning, Operational Improvements, Financial Analysis, Projections, Partnership Agreement Analysis, Physical Inspections, Distressed Asset Evaluation, Workout Planning, Capital Transactions Negotiation, Financial Modeling, Communication, Organizational Skills, Multi-tasking, Prioritizing

Industry

Real Estate

Description

Overview The Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives – ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day. The Investment Manager will monitor asset performance, identify and quantify risk and develop ways to improve performance and mitigate risk for each asset. This is accomplished through developing a deep understanding of the asset’s physical characteristics, legal documents, and limited partner priorities to develop, and subsequently execute, capital plans, operational improvements, and development projects. Responsibilities • Review and analysis of monthly construction draw schedules, inspection reports, marketing and lease-up reports to track asset performance against original assumptions, and to assign appropriate risk ratings, prepare financial analyses and projections for assets to estimate benefits, capital adjustments, and stabilization gaps.• Analyze quarterly and annual financial reports to track asset performance, monitor revenues/expenses including trends and material divergence from original underwritten projections, and assign appropriate risk ratings. Prepare financial analyses and projections for assets to estimate stabilization gaps, ongoing cash flows, and market valuations.• Process and analyze partnership agreement consent requests including the release of capital installments, reserve withdrawals, loan refinances, general partner replacements, management company changes or proposed modifications to partnership agreements. Perform physical inspections to include evaluation of exterior/interior conditions, competency of property management, neighborhood, market conditions and compliance.• Identify and evaluate watchlist and distressed assets, and establish a plan of action or workout plan for project improvement. Communicate strategy through “Watchlist Report” and updates to the Vice President of Investment Management.• Analyze and negotiate all capital transactions such as refinancing, and end of asset life exits. • Assist with the creation of reports from the new asset management database including written specifications and pre-production testing.• Interact with general partners, property managers, accountants and other third parties to ensure timely reporting in compliance with project agreements, and to resolve problems that could jeopardize the long-term viability of the asset.• Monitor multifamily market trends, with special attention to affordable housing, student housing and military housing to gain an understanding of trends in the multifamily industry and performance of comparable properties.• Create, generate, and maintain monthly and quarterly reports from asset database for internal and external use.• Perform other duties as assigned. Qualifications Required Experience:• A minimum of 3-5 years of relevant work experience is preferred Required Education/Training: • A bachelor's degree with proven critical thinking skills Required Skills and Abilities: • Strong analytical skills and ability to identify issues, draw logical conclusions, and interpret results for use in decision making with limited oversight.• Strong organizational, multi-tasking and prioritizing skills.• Must be able to work independently and collaboratively in a team environment.• Strong working knowledge of financial modeling.• Communicate effectively both orally and in writing to convey information clearly and effectively through formal and informal documents and project a positive, professional image both internally and externally with business contacts.• A team player, willing to absorb departmental work overflow when required.• Possession of a valid driver's license and an acceptable driving record. Salary Range Information: The range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Rewards & Benefits: We know Michaels’ promise of lifting lives starts with our teammates, so making sure every single teammate is happy, healthy, and set up for a successful future is important to us. As part of our team, you will enjoy a competitive wage, a comprehensive benefit package which includes Medical, Dental, Vision, prescription, etc., generous paid time off, a 401 (k) plan with a company match, and so much more. We believe in education – and in taking care of our own – so as an added incentive your children will be able to apply for the Michaels Employee Scholarship Program. Help make the world a better place in a team-oriented environment. Grow with our organization through various professional development opportunities. Collaborate and thrive in a company culture where all are welcome Michaels teammates make a difference in the lives of residents, colleagues, and the communities where we live and work every day. To learn more about the total rewards we offer please visit our website. Come join our team. You’re going to love it here! Salary Range $110,000 to $120,000 Annually

Responsibilities

The Investment Manager will monitor asset performance, identify and quantify risk, and develop strategies to improve performance and mitigate risk for each asset. This involves analyzing physical characteristics, legal documents, and partner priorities to execute capital plans, operational improvements, and development projects.