Portfolio Director
Elandis, Birmingham, AL, United States
The Portfolio Director position develops and implements recommendations and oversees regional staff to optimize operations, helps supervise construction projects, is a key leader of property management function, and advises on new acquisitions, overseeing all multi-family assets in Alabama. This person is responsible for the analysis and oversight of their multi-family portfolio.
This position is based in Central Alabama and requires frequent travel.
This position reports directly to the Chief Operating Officer.
Responsibilities
- Supervise capital enhancement projects
- Generate precise and timely reports for internal and external stakeholders
- Assess cash flow forecasts, asset valuations, and risk assessments
- Proactively foresee, pinpoint, and address portfolio requirements through: evaluation of key performance metrics, examination of market conditions, identify strategies to boost revenue and reduce costs, and direct management of property-level personnel
- Train regional property management staff (and on-site staff if necessary)
- Actively recruit new talent
- Collaborate closely with Accounting, Legal, HR, and other team members to maximize asset performance
- Conduct pre-acquisition analysis and due diligence, including reviewing financial and operational assumptions
- Lead post-acquisition activities, such as onboarding teams and integrating assets into Yardi software
- Oversee the budget creation and analysis process
- Negotiate with third parties, such as contractors and vendors
- Serve as a key reviewer in the accounts payable/invoice review process
- Conduct market analysis, including comparative analysis
- Monitor industry best practices and trends
- Identify and address workplace safety concerns; understand licensing and certification requirements
- Handle other assignments as needed
Requirements
- A bachelor's degree or equivalent experience of 10+ years in the field
- Three to four years of experience in real estate, multi-site asset management, with a focus on multi-family properties; regional property management experience is a plus
- Basic understanding of construction management
- Proficiency in Microsoft Excel; familiarity with Yardi PMS is preferred
- Ability to prioritize tasks to meet multiple and changing deadlines
- Capability to work independently without supervision, as well as part of a team
- Excellent verbal and written communication skills
- Proactive mindset
- Strong training skills
- Strong analytical skills, and creative problem-solving abilities
- Ability to complete an Excel assessment to demonstrate basic knowledge of the software and fundamental finance/accounting concepts
- Legal authorization to work in the US
- Willingness to travel frequently and work irregular hours