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Senior Asset Manager

Timberlane Partners, Seattle, Washington, us, 98127

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WHO ARE WE: Founded in 2011, Timberlane Partners is one of the most active Seattle-based real estate investment, development, and asset management companies specializing in multifamily real estate. Led by an experienced team, Timberlane has successfully acquired and developed nearly $2 billion of real estate assets throughout the West Coast and Mountain West. We pride ourselves on our disciplined, entrepreneurial approach, fostering long-term partnerships, and consistently delivering outstanding risk-adjusted returns. We are seeking a candidate with the ambition to scale aggressively.

Be one of the first applicants, read the complete overview of the role below, then send your application for consideration.

ABOUT THIS POSITION: We are looking for a Senior Asset Manager to join our growing team. This role is specifically designed for a professional with 8+ years of experience with an emphasis in multi-family. This position will support all aspects of our multi-family and hospitality asset management processes. You will be an invaluable part of our team and will have a significant opportunity for growth. This position reports to the Director of Asset Management. This position is Seattle based with flexibility to work-from-home 1 day a week.

Job Title:

Senior Asset Manager Job Type:

Full-time Location:

Seattle, WA (Hybrid – minimum 4 days/week in office) Reports to:

Director of Asset Management Company:

Timberlane Partners

PRIMARY RESPONSIBILITIES: Directly responsible for overseeing 6-10 multi-family assets. Skilled at partnering with property management to execute business plan and leasing strategy. Build financial models of existing assets: cashflow projections, disposition analysis, etc. Strong understanding of IRR calcs, waterfalls, etc. Support quarterly UW re-forecast model update process. Mentor Asset Managers with some direct reports long-term. Review annual operating budgets and monthly financial statements to ensure income and expenses are in-line with expectations and identify areas of opportunity. Present to company leadership, capital partners/investors, and other partners on asset performance. Partner with Construction Services and GCs to ensure value-add projects stay on-budget and on-time. Perform on-site visits with property management. Support quarterly investor reporting. Effectively communicate and collaborate with the accounting, acquisitions, and development teams to achieve cohesive business plan execution. Track market conditions and marketing efforts to help inform strategic planning. Assist as needed on reviewing loan docs, operating agreements, etc. Plus: Strong understanding of debt. Opportunity to work closely with Managing Director, Portfolio Management on re-finances, re-capitalizations, and dispositions. Plus: Experience in overseeing Retail Real Estate.

Successful Candidate Attributes: Ability to present analysis in a clean and succinct way to help facilitate quick decision making by leadership. Ability to perform multiple tasks concurrently and respond to emergent situations effectively. Adept relationship builder with partners (Property Management, Capital Partners, etc.) Thrives and enjoys working in a hands-on, collaborative environment where no two days are the same. Comfortable with ambiguity. Very organized, prioritizes well, thinks logically, and utilizes critical thinking to make decisions. Proven self-starter with a healthy work ethic and inquisitive mind. Takes initiative and confidence to get execute efficient and accurately with minimal oversight. Team player with a strong sense of personal accountability, responsibility, and integrity. Knowledge of construction and/or overseeing value-add multi-family projects is a plus. Knowledge of hotels is a plus but not essential. Demonstrated success working in a very dynamic, constantly changing environment. Strong verbal and written communication skills and the ability to interact and maintain effective relationships with professionals at all levels.

Minimum Qualifications: 8 or more years of commercial real estate related work with emphasis in multi-family. Direct experience reviewing operating budgets, rent rolls, underwriting models, etc. Bachelor’s degree in finance, real estate, or commensurate relevant work experience. Graduate degree preferred. Deep understanding of commercial real estate finance and property operations. Advanced knowledge of Microsoft Excel and other MS Office programs.

COMPENSATION: Full-time, salaried position, $150,000-$175,000 annually plus merit based annual discretionary bonus Employer-paid premiums for medical, dental, and vision coverage Health Care and Dependent Care Flexible Spending Accounts Employer-paid life insurance Long-term disability insurance Employee Assistance Program 401(k) plan with employer-matched of up to 4%: 100% of the first 3% contributed, 50% of the next 2% 20 days of paid time off (PTO) 10 paid holidays Professional development opportunities

APPLICATION PROCESS: Please visit and click ‘Apply’ - this will redirect you to the LinkedIn job posting to submit your resume.

Timberlane is committed to a diverse and inclusive staff. We are interested in hearing from people who can work with diverse communities. xsgimln Candidates of all backgrounds are strongly encouraged to apply.