Investment Manager

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.

• 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.

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.

The range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay…