Residential Asset Manager - Vice President
Position Overview Job Title:
Residential Asset Manager Corporate Title:
Vice President Location:
Chicago, IL Business Description
DWS Group (DWS) is one of the world's leading asset managers with EUR 759bn of assets under management (as of Nov 2020). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer professionals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management - as well as our deep environmental, social and governance focus - complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team. Overview
The residential Asset Manager (AM) is an integral role within the DWS Real Estate Asset Management Group. The AM's primary role is to add value to our clients' apartment properties by providing best in class asset management services. The AM will be responsible for a portfolio of 10 to 15 residential properties, some with street level retail space. These properties typically contain as many as 4,000 apartments and 3.5 million square feet of living space. As a Vice President level employee located in Chicago, New York or San Francisco, the AM will act as an expert in his/her respective property markets. What We Offer:
Your Key Responsibilities:
We offer competitive health and wellness benefits, empowering you to value life in and out of the office
Retirement Savings Plans, Parental Leave, and other family-friendly programs
Your Skills and Experience:
Monitoring construction progress on major capital projects and properties undergoing renovation
Reviewing and approving monthly draws for each project and checking for project budget compliance
Approving changes in scope of work and estimated construction contracts along with Portfolio Manager
Accountable for the asset management and operating performance of a regional apartment portfolio
Developing management, leasing, and capital investment strategies, as well as income/expense budgets for each asset. Present annual plans for these activities to Portfolio Managers as required
Reviewing weekly, monthly, and quarterly reports produced by the contract managers for variance from plan and opportunities to improve performance. Ensure the reports meet DWS requirements
Extensive relevant real estate experience with an emphasis on the multifamily industry. College degree in Business Administration
High level of business acumen as it relates to multifamily marketing, leasing, property operations, accounting, and reporting with the ability to understand financial statements, investment pro-formas, as well as IRR and NPV calculations and analysis
Ability to effectively communicate with property management employees, Portfolio Managers, and clients
Experience with spreadsheets and word processing is required
Real estate transactional experience is a plus
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click here to find out more about diversity and inclusion.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: \"EEO is the Law poster\" and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.