VP, Multi-Family Asset Management

POSITION SUMMARY 

You will have the opportunity to be responsible for the overall operational and financial goals for a growing multi-family portfolio in Manhattan. This is a unique opportunity to build from the ground up as you develop processes and capabilities for multi-family assets and property management. Working with our Senior Leadership Team you will experience the collaboration and commitment to success that defines our organization, and you will be a key participant in helping ESRT grow its centric multi-family portfolio. 

RESPONSIBILITIES 

• Supervise managing agent’s execution:
  • Annual and long-term business, strategic and financial plans, annual operating budgets and capital improvement plan
  • Leasing, marketing and unit pricing
  • Property management and operations
  • Property performance including adherence to underwriting for NOI, revenue growth, ROI on unit renovations 
  • Capital improvements including work with property manager to develop plans, unit renovation scope/budget, ROI and execution
  • NYC Regulatory Compliance including 421a Tax Abatement and all rent regulation compliance
• Assist acquisitions team in underwriting multi-family assets; conduct due diligence to ensure underwriting accuracy

QUALIFICATIONS

• College Degree, Master’s Degree in Business Administration or related accredited designation preferred.
• Minimum of ten (10) years multi-family related experience in property management, leasing, maintenance, and construction.
• Capable of reading, analyzing, and understanding business documents, financial statements, leases, and contracts. 
• References which support your ability to coordinate and manage multiple tasks efficiently with available resources in a fast-paced environment 
• Effective leadership, communication, and management skills

WHAT YOU CAN EXPECT

At ESRT, like our tenants, our employees come from everywhere. We foster a richly diverse work environment that captures top talent and cultivates the best ideas. By focusing on inclusion and celebrating our differences, we create even greater value — in business practices, relationships, and employee engagement. As an Equal Opportunity Employer, we are committed to maintaining a diverse, inclusive and equitable work environment where our employees can thrive. In addition, ESRT employees embody our Company Culture & Success Factors -  

• Adaptable – you are a self-starter who’s able to quickly digest and execute new processes to work both collaboratively and independently
• Dynamic –you are solutions-oriented, aim to improve processes and implement efficiency, and offer insightful feedback to improve ESRT
• Dependable – you take a strong sense of ownership and accountability over your work
• Passionate – you keep up with industry trends and are excited about the potential to propel the industry forward with a “roll-up-your-sleeves” attitude
• Curious – you consistently look for new ways to work smarter, not just harder
• Ethical – you treat others with respect, and embrace and contribute to a culture of diversity and inclusion
• Positive – you possess a service-oriented attitude with excellent follow through

BENEFITS

• Competitive base salary and bonus.
• Health/Dental/Vision insurance.
• Company sponsored Life, AD&D, STD (with Salary Continuation), and LTD Insurance. Voluntary Enhanced LTD Program.
• Voluntary Hospital, Accident, and Cancer Programs.
• 401(k) with 100% match up to 5%.
• Paid parental leave.
• Pre-tax transit accounts.
• Employee Assistance Program for emotional, financial, and legal support.

WELL-BEING

• Generous paid time off.
• Flex remote work time.
• Flex Summer Fridays.
• Employee engagement programs.
• Volunteer time off.
• Continuing education.
• Complimentary Empire State Building Observatory access.
• Complimentary gym membership and other wellness benefits.
• Employee Discount Programs.