Important location requirement: This is a HYBRID role based out of our Northbrook, IL office. We kindly request that only candidates residing in the local area, and who are able to commute to Northbrook, IL 2x a week to apply.

Asset Management Analyst - Multifamily Portfolio

Sherman Residential is an innovative privately held real estate investment firm. Our focus is on quality multifamily apartments across the United States. Since 1990, we have acquired over 27,000 apartments with assets under management during that time of over $2.8 billion. Our focus is on providing superior living environments, exceptional customer service and outstanding investment returns. We purchase existing assets and focus on interior unit renovations, amenity improvements and evaluate rent repositioning opportunities. We are currently searching to add to our corporate team to better support our diverse portfolio of communities and staff.

Sherman Residential Northbrook, IL www.shermanresidential.com

Job Summary:

We are looking for an experienced Analyst who shares our passion for providing the best-in-class experience to our residents. Our ideal candidate is detail oriented, analytical, and intellectually curious and enjoys working collaboratively. The candidate will work together with the executive team and have daily interaction with our COO/CFO, Vice Presidents, and Asset Management.

Reports to: Asset Management Manager

Wage Status: Exempt – $58,000 to $73,000 annually, depending on experience + bonus

Primary Duties:

• Maximize the total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance
• Develop and execute annual operating budgets, cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
• Collaborate across all departments (operations, asset management, accounting)
• Develop and execute cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value
• Evaluating and underwriting potential new multifamily investment opportunities using an Excel- based model. The evaluation process may include, but is not limited to, the following activities: reviewing P&L statements, rent rolls, and tax statements; researching and analyze demographic and economic market data
• Ability to build and maintain positive vendor relations
• Ability to assist and manage multiple projects concurrently and implement rapid changes in project direction
• Oversight and execution of adherence to local government permitting and inspection requirements
• Assist in the asset management of portfolio properties
• Collaborate with on-site managers to boost resident retention
• Build and maintain financial models, review leases, property financials and third-party reports
• Supporting senior management in executing and closing on transactions
• Monitor expenses and variances to maximize efficiencies
• Prepare periodic property management reports for distribution to the Ownership, Vice Presidents, and Asset Management