Description
Berkshire Group's core competency is in the multifamily real estate segment and is widely recognized as a fully integrated multifamily investment management firm. With properties extending throughout the United States, Berkshire Group provides investors with national reach and local market presence and expertise.
Berkshire Group has leveraged the tremendous talent and the deep bench strength of its team to become a fully integrated company capable of acquisitions, value creation, asset rehabilitation, professional property management, and disposition services. The ability to provide all of these core services and effectively utilize entrepreneurial sourcing to maximize efficiency is what sets Berkshire Group apart from its competitors.
Under the direct supervision of the Managing Director, Portfolio Manager, Closed-End Funds, the Portfolio Manager will drive all recommendations regarding investing in, acquiring or divesting real estate held in Berkshire's portfolio as well as overseeing the effectiveness of in-house property management, external property management and rehabilitation activities within the assigned portfolio. In addition, they will be responsible for developing and generating the necessary reports on asset performance and potential for both executive management and investors to make informed future strategic investment decisions for Berkshire Group.
Essential Functions: (These are the main duties/tasks of the position and the important order to be successful)
The AVP, Associate Portfolio Manager will participate in decision making with the Portfolio Managers in all aspects of effectively overseeing their respective portfolios including but not limited to the following:
- Annual Portfolio Business Plan, which includes long-term and tactical strategies
- Investment selection for portfolio
- Investment management and disposition strategy
- Client relationship management and communication
- Cash management – capital calls/distributions
- Financing strategy for portfolio and properties
- Internal/Investor reporting and meetings
- Provide analytical support as requested by Portfolio Manager(s)
- Work with client directly and with client’s consultants, including tax, if necessary
- Prepare Annual Property Business Plans, with oversight by Portfolio Manager
- Work with Portfolio Manager on impact of tactical changes to on projected performance as per Portfolio Model
- Monitor, oversee and report on Property Management’s execution of business plans
- Prepare monthly and quarterly performance reports for management and investors, if required, with approval by Portfolio Manager
- Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues in order to improve operations
- Benchmark property performance against industry and peers
- Stay abreast of relative market information all markets related to the portfolio. Work closely with Berkshire’s Research team to stay abreast of their viewpoint and recommended course of action for each market they cover
- Work with Portfolio Valuation & Analytics Group in quarterly property valuations
- 25% to 35% travel is required
The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor is to limit the Company right to assign other functions to an employee in this position. This job description does not constitute a written or implied contract of employment.
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