Director of Property Management Operations (multifamily)

Director of Property Management Operations

WashREIT is a publicly traded company transitioning from a diversified REIT into a pure multifamily REIT and expanding from the DC metropolitan area into Southeastern markets.   We’re growing for sure!

To support this transition, we have created a new position for a Director of Property Management Operations to partner with our property and asset management leadership.  This individual will be responsible for providing leadership and guidance to our property leadership teams and implementing strategic business plans and budgets to drive maximum shareholder value while providing an outstanding employee and resident experience. 

You are a good fit if you have had progressively more responsible roles in multifamily property management, including site and regional management experience, have a strong foundational knowledge of multifamily management practices and have a fundamental appreciation for outstanding customer service.

In this role, you will be working a flexible 3/2 (office/remote)1 hybrid schedule.

PRIMARY RESPONSIBILITIES

• In partnership with Sr.  Director and asset management team, implement strategic business plans and budgets for each property in portfolio to drive maximum shareholder value while providing an outstanding employee and resident experience 
• Provide leadership and guidance to regional managers and site staff and property maintenance during property acquisitions and owner transition.
• Assess and evaluate the outputs from the property management operations teams to ensure the return and value expected.
• Develop initiatives for improved management efficiencies and/or performance. Communicate strategies in collaboration with property management team, define success, and benchmark performance in collaboration with analyst team.
• Work with property management operations team to provide direction for and oversight of business plans, budgets, forecasts, analysis, and approvals. 
• Partner with Revenue Management and Analyst team to provide feedback and guidance on pricing decisions of property leases and renewals. 
• Review weekly and monthly reports to help in developing monthly, quarterly, and annual reporting for senior management and investors. 
• Effectively communicate corporate policies and procedures to property teams, vendors, and partners.  
• Partners with marketing team to prepares and implement marketing strategies to ensure annual revenue growth for the properties. 
• Collaborates with construction division on capital projects and significant maintenance projects, partners with property management operations teams for planning, resident communications, and other logistics to ensure success. 
• Support the recruitment, hiring, training and development of team members to meet property staffing requirements 
• Champions company policies, processes and practices. 
• Develops and fosters relationships with key stakeholders.  

REQUIREMENTS

• BA/BS degree in Finance, Accounting, Economics, Real Estate, or related field preferred. 
• Progressively more responsible roles in multifamily property management, including site and regional management experience. 
• Strong property financial management skills, including budgeting, forecasting, financial statements, pro forma analysis, and market analysis. 
• Advanced knowledge of MS Office (Excel and Word) required, as well as previous experience with industry specific management software, such as Yardi and Yieldstar. 
• Demonstrated leadership and organizational management skills, including strong interpersonal skills. 
• Strong customer service orientation and ability to champion through daily interactions. 
• Champions commitment to Diversity, Equity, Inclusion & Belonging initiatives.

WHO IS WashREIT?

WashREIT, publicly traded on the NYSE under the symbol WRE, is a trusted authority in one of the most competitive real estate markets in the country.   We own a research-driven portfolio of value-oriented multifamily properties (7,500+ units) located in high-growth Washington, DC metro submarkets and are expanding our reach into Southeastern markets and fully transforming into a multifamily REIT.

WHY WORK AT WashREIT?

• We’re team players!  We value our open culture working in a collaborative environment that values interdisciplinary teamwork, creative ideas and uncommon solutions.
• We practice corporate responsibility!  Our focus on sustainability creates positive environmental, social, and ethical impacts in the regions where our residents live.
• We are creative, committed, and ambitious!  Our flat organizational structure facilitates frequent, meaningful interactions with company executives, and our commitment to teamwork and entrepreneurial spirit enables employees at every level to conceptualize ideas and make them happen.
• We provide outstanding compensation and benefits! You will be paid well for your work, with a competitive wage and will be eligible for incentive compensation based on your efforts and company performance.   Our flex vacation policy gives you the flexibility to take the time off when you need it and our hybrid work schedule respects your work/life balance.
• We are an equal opportunity employer and are committed to diversity, equity, inclusion, and belonging!  We believe diversity drives innovation. Companies that are diverse are proven to be better companies. We are building a culture where differences are valued and creating an environment for people to do what they do best while learning, growing, and affecting company change through meaningful contributions.
  

COVID-19 COMPLIANCE
As a condition of employment, all new hires must be fully vaccinated by their start date and have obtained a booster shot no later than their eligibility or thirty days from hire (if eligible).