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Asset Manager - EBSCO Income Properties

Date:  Jan 18, 2023
Location: 

remote, AL, US, remote

Onsite or Remote:  Remote
Company Name:  EBSCO Income Properties

EBSCO Industries, Inc. (EBSCO), headquartered in Birmingham, Alabama, is one of the largest privately held and family-owned companies in the United States. EBSCO was founded in 1944 by an entrepreneur who was passionate about honoring our commitments to our customers, rejecting the status quo, and seeking to continuously improve our team. We continue to operate that way today, with a passion for our people and our businesses succeeding together. EBSCO has grown and evolved over time into a holding company with a global portfolio comprised of dozens of entities in over 15 separate industries/markets, including Information services, outdoor products, real estate, manufacturing and distribution, and insurance services. We provide valuable support services to our subsidiaries to support their growth. We hire passionate people, driven to grow, because we know the success of EBSCO depends on the long-term success of our businesses and our teams.

EBSCO Industries is looking for a new Asset Manager to join its real estate team, EBSCO Income Properties!

Based in Birmingham, Alabama, EBSCO Industries is a multinational company with operating business and real estate holdings within growing industries and end-markets.  EBSCO Income Properties comprises all of EBSCO Industries, Inc.’s multifamily communities.  This includes 5,000+/- units and 20+/- communities located throughout the southeastern United States.   The Asset Manager will be a key member of EBSCO Income Properties, LLC (EIP) reporting directly to the General Manager and President of EBSCO Income Properties.  Specifically, this position will be responsible for the asset management of communities within the EBSCO portfolio and assisting with the due diligence and financing on future acquisitions.  This will include working with our third-party management company ensuring proper monitoring of revenues and expenses, prudent operating practices, and execution of capital projects. 

 

Responsibilities Include:

Serve as an Asset Manager working in conjunction with the third-party management company to manage the communities to maximize profit and efficiency while balancing that objective with our strategic decision to hold properties for the long-term.

Specifically:

Develops the annual budgets for the individual communities/portfolio in conjunction with the third-party management company and EBSCO accounting.

Oversees attainment of budgeted goals by analyzing and evaluating financial statements, reconciling monthly statements against approved budget

Ensures that the individual community/portfolio meets the established operational, financial, and business performance goals

Manage and monitor each property’s ad valorem and personal property tax obligations, including appeals, and coordinating tax issues.

Ensures that the appearance and physical aspects of the properties meet the EIP’s established standards through routine site and safety inspections, communicating concerns and requests for capital as needed to provide for the physical upkeep of each property in the portfolio based on EIP’s long-term hold strategy.

 

Additionally, the Asset Manager will work in conjunction with the GM and other Asset Managers to monitor the existing debt/financing, continue acquiring new communities and maintaining existing EBSCO policies and procedures.

Specifically:

Preparation/Review of all financial models and underwriting for the acquisition/development of new communities.

Preparation/Review of internal & external investment memorandum and other presentation materials for capital deployment:

Existing Communities

New Acquisitions / Developments

Equity/JV Investments

 

Requirements:

Bachelor’s Degree  

•            5+ years’ experience in multi-site management, or as a Regional Manager of a Multifamily Portfolio, or equivalent experience

•            3-5+ years’ experience with property management systems such as Yardi, Entrata, OneSite, and RealPage suite of products.

•            3-5+ years’ experience with financial statements:  profit and loss statements, balance sheets, statements of cash flow, and principles of accrual accounting.

•            First-hand experience in multi-site management and residential property operations, including all facets of managing the physical, operational, financial, and customer service performance of a multifamily property.

Regular and overnight travel is required (via driving and flying) 25-40% of the time

 

Preferred Skills:

Master of Business Administration

Multifamily certification such as CPM, CAPS, CAM

Self-starter with an ability to take initiative and execute projects with limited supervision

Ability to maintain a professional, positive demeanor

Ability to collaborate ideas and share techniques with a team

We are an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, sex, pregnancy status, age, national origin or ancestry, ethnicity, religion, creed, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation, benefits, and termination of employment. We comply with the Americans with Disabilities Act (ADA), as amended by the ADA Amendments Act, and all applicable state or local law.


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