Fractional Asset Manager

Role: Director of Asset Management

Reports to: Chief Investment Officer

Company: Ascent Equity Group

Requirement: 10-20 hours per month per property 

Location: Phoenix, AZ

WHY ASCENT EQUITY GROUP

Ascent Equity Group is a private real estate investment company started by three physicians to do real estate better. In two short years, we’ve bought over $250 million in real estate, and with plan to do significantly more in 2023. The company has a small but mighty team. Each employee has direct interaction with the founders, assumes ownership of significant projects, and experiences personal and professional growth and development, all within a culture that rewards ambition and drive. We are also growing at a rapid rate and hope to help you reach your career goals. 

SUMMARY OF POSITION

The Fractional Asset Manager will help oversee a portion of the Ascent portfolio starting with the Phoenix properties. This could eventually expand to the rest of the portfolio. The manager will work with the chief investment officer to ensure that the ongoing strategic business and financial plan of each asset is achieved. This is a hands-on role responsible for driving results throughout the entire portfolio and leading a team responsible for portions of the portfolio. Utilizing an ownership mentality, this individual reviews financial and monthly performance to make decisions and drive action that ensures assets are performing at the highest level and meeting and exceeding investor expectations.

What you have already achieved (Requirements):

• 4-7 years experience in Portfolio or Asset Management with a strong emphasis on operations in value-add multifamily

• At least 2 years managing a large multifamily portfolio

• Advanced analytics and modeling skills

• High-level proficiency with Excel and Google Suite

What you are great at (Responsibilities):

• Act as owner's rep on Ascent’s deals and eventually, portfolio, recommend and review business and capital plans

• Be able to roll up your sleeves and really dig into what is driving value at our properties. Understand the ins and outs of a value-add renovation program. 

• Assess the performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Report, and present findings and actionable recommendations to management on monthly and quarterly performance relative to the original underwriting strategies or business plans and industry benchmarks.

• Lead Annual Budgeting and Approval Process for all assets and 3rd party managers. 

• Complete/Review Monthly variance reports and draft and implement corrective plans for any properties under budget

• Build Teams. Look for ways to bring on additional talent going forwards, and set up scalable talent attractor mechanisms

• Lead your portfolio operations data analysis, to provide actionable data on our portfolio and build action plans based on that data

• Lead Dispositions across the portfolio including obtaining and managing BOV and valuation process

• Constant and Never-Ending Improvement with an eye toward future growth and scalability. Seek to get faster, more precise, less redundancy, etc. for repeatable activities. Solicit feedback from other groups for best practices.

• Complete portfolio operations data analysis leveraging Appfolio  

• Hold third-party property management companies accountable to business strategy and achievement of budget expectations through weekly performance update meetings, monthly reporting, and ongoing communication

• During large asset improvement and renovation programs, perform property walks, and inspections to ensure adherence to plan, budget, and quality expectations.

• Keep Active Campaign and any other core systems up to date at all times

• Live up to Ascent’s Core Values

Who you will work with:

• High energy, positive, incredible team members

What you're motivated by:

• A swift pace. We’ve grown exponentially and new team members continue to join our  Ascent group.

• An executive leadership team that trusts each other, communicates effectively and is committed to helping team members grow personally and professionally.

• Visionary, smart, and thoughtful CEO. 

• A culture focused on developing and investing in team members - coaching, training, and supporting each other. 

Benefits: Fully remote work schedules, Learning/Educational Incentives, Company Events, many self-improvement and productivity tools, and the incredible feeling of fulfillment from making a difference in the lives of others while achieving your dreams and goals! Competitive wage and flexible hours.

We are looking for SUPER STARS to join our collaborative and inclusive team. Are you driven for greatness? If so, we may be a perfect match! If you feel that you have the drive, knowledge, skills, and experience to truly be successful in this role, we want to hear from you today!

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.